Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable Township Developer

Environmental Achievements

• Obtained Cleanliness, Health, Safety and Environment Sustainability (CHSE) certification from Sucofindo with a score of 100 percent for Tanjung Lesung.
• Implemented Tanjung Lesung Disaster Resilient Response program, including Earthquake Early Warning System, Wera Tsunami Radar and Warning Receiver System, and retaining walls along the coast.

Social Achievements

• Launched Jababeka Fighting Covid-19 community initiative, providing cash, necessities, and medical supplies to those affected by the pandemic.
• Provided accommodation for medical personnel and self-isolation facilities for COVID-19 patients.
• Collaborated with President University Education Foundation for fundraising to help prevent and handle Covid-19.
• Collaborated with Bekasi District Health Office in providing room and dining accommodation for medical personnel.

Governance Achievements

• Implemented Good Corporate Governance (GCG) principles based on accountability, reliability and responsibility, fairness, and transparency.
• Established a Covid-19 Task Force in Jababeka Industrial Estate.
• Consistently updated the code of conduct for employees.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic impacting global and domestic economies, particularly the property and tourism sectors.
• Reserve shutdown of electricity production by PT PLN (Persero) to PT Bekasi Power (BP), causing unstable operations and reduced revenue.
• Decreased demand for goods and services, disrupted supply chains, and low commodity prices.
• Large-Scale Social Restrictions (PSBB) impacting economic activity.

Mitigation Strategies

• Adjusted strategic measures and mitigated risks of the COVID-19 pandemic.
• Focused on liquidity position, operational efficiency, and innovative marketing.
• Implemented health protocols and safety measures.
• Implemented digitalization programs (JFAST and JSMART) to maintain services.
• Developed alternative sourcing strategies (not explicitly stated, but implied by actions taken).

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Best industrial developer (Asia) - PropertyGuru Asia Property Award 2020
• Best Industrial Estate Development (Indonesia) - PropertyGuru Asia Property Award 2020

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Adopted “sustainability” as a foundation governing decision-making in corporate governance through the ESG Framework.
• Jababeka Net Zero Industrial Cluster Community (NZICC) committed to carbon neutrality by 2050.
• Installation of rooftop solar systems.
• Operation of two units of solar power plant to substitute grid electricity requirement from clean water treatment facilities.

Social Achievements

• Successfully organized the Jababeka Eco Award 2022.
• Launched Jababeka Silicon Valley project.
• Implemented Learning Management System (LMS) with over 1,000 training modules, attended by 1,374 employees with 6,637 training hours.

Governance Achievements

• Continuous monitoring and evaluation of applicable GCG regulations, norms, and practices.
• Successful refinancing of US$300 million Senior Notes through a US$100 million term loan facility from Bank Mandiri and issuance of new bonds (2027 Bonds) of US$185,856,000.

Climate Goals & Targets

Environmental Challenges

• Global financial challenges due to tight monetary policies by central banks, leading to a strong US dollar and pressure on the Rupiah.
• Negative risk perceptions on global financial markets and the impact of the property company crisis in China.
• Temporary suspension of electricity purchase (“Reserve Shutdown”) by PLN to PT Bekasi Power.
• Depreciation of the Rupiah against the US dollar.

Mitigation Strategies

• Successfully completed bond refinancing through funding from Bank Mandiri and issuance of new bonds.
• Partial receipt of Bekasi Power's pending bills.
• Discussions with PLN to settle remaining bills.
• Cost cutting measures.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Best Mega Township Development at PropertyGuru 2022
• Best Township Development at PropertyGuru Asia Property Awards 2022
• Two TJSLP Awards from Bekasi Regency Government
• Indonesia Travel & Tourism Awards
• Top Partners & Water Sanitation Hygiene Awards at West Java Provincial Government CSR Awards

Environmental Metrics

ESG Focus Areas

• Net Zero Emissions
• Environmental Sustainability
• Social Responsibility
• Good Corporate Governance

Environmental Achievements

• Inaugurated rooftop solar power plant in collaboration with Pertamina.
• Launched Jababeka Net Zero Forum to facilitate decarbonization solutions.
• Received Green PROPER award from the Ministry of Environment and Forestry.
• Received Best Industrial Estate Emission Reporting 1 award from the Ministry of Industry.

Social Achievements

• Inaugurated Jababeka Medical City, providing healthcare services.
• Launched MONIJA, a website-based environmental reporting system for tenants.
• Launched electric bicycle service in Kota Jababeka with BEAM Mobility.
• Inaugurated Kampoeng Joglo tourist attraction in Tanjung Lesung SEZ.

Governance Achievements

• Successfully refinanced 2023 bonds.
• Implemented a strong internal control system and risk management.
• Consistently implemented Good Corporate Governance (GCG) principles.
• Held regular meetings of the Board of Directors, Board of Commissioners, and Audit Committee.

Climate Goals & Targets

Environmental Challenges

• Global economic slowdown and high interest rates impacting property demand.
• Reserve shutdown imposed by PLN on PT Bekasi Power.
• Increasing coupon rate on 2027 bonds.
• Limited growth in residential and commercial property segments.

Mitigation Strategies

• Aggressive and innovative sales and marketing strategies.
• Focusing on potential electricity demand in Kendal and Cikarang.
• Exploring liability management to improve 2027 bond terms.
• Exploring strategic partnerships to reduce debt burden and improve financial liquidity.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Core

Sustainable Products & Innovation

• Jababeka E-commerce Industrial Park

Awards & Recognition

• Green PROPER award
• Best Industrial Estate Emission Reporting 1 award
• Best New Industrial Estate 1 award