PT Argo Pantes Tbk
Climate Impact & Sustainability Data (2016)
Reporting Period: 2016
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility (CSR)
- Good Corporate Governance (GCG)
- Human Resources Development
Environmental Achievements
- Launched environmental friendly bags program to reduce plastic usage.
Social Achievements
- Consistently carried out CSR programs oriented towards long-term community empowerment and sustainable growth. Established Lions Clubs Jakarta Milenium Manunggal (LCJMM) for community engagement and support.
- Provided opportunities for students and university students to conduct fieldwork (PKL) in the company.
- Supported athletes in regional wushu training.
- Held regular blood donation drives in cooperation with the Indonesian Red Cross (PMI).
Governance Achievements
- Implemented and developed good corporate governance principles in line with best practices.
- Improved the completeness of the Guidelines for the Implementation of GCG.
- Ensured compliance with legislation.
- Held Annual General Meeting (AGM) and Extraordinary General Meeting (EGM).
Climate Goals & Targets
Environmental Challenges
- Sluggish market conditions and decline in exports in the textile industry.
- Tight competition in the domestic market, including against imports.
- Weakening rupiah and rising costs of imported raw materials, fuel, electricity, and labor.
Mitigation Strategies
- Consistently sought production efficiencies through breakthroughs in production methods.
- Introduced new, reliable machinery to produce products aligned with market demand.
- Developed human resources capabilities to remain competitive.
- Focused production and sales on finished fabrics, knitting, and garments to meet increased demand.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- K3 award from Banten Province