PT Duta Anggada Realty Tbk
Climate Impact & Sustainability Data (2021, 2022, 2023)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Good Corporate Governance (GCG)
- Corporate Social Responsibility
- Environmental Responsibility
- Human Resources
Social Achievements
- Implemented strict health protocols, including regular Covid-19 testing and vaccination programs for employees.
- Provided employee benefits such as BPJS enrollment, medical benefits, personal accident insurance, phone credit allowance, annual and incidental leaves, and business travel facilities.
- Consistently held human resources training and development programs to improve employee discipline, togetherness, and welfare.
Governance Achievements
- Consistently implemented Good Corporate Governance (GCG) principles.
- Established an Audit Committee, Risk Monitoring Committee, and Nomination and Remuneration Committee.
- Held Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meetings of Shareholders (EGMS) in accordance with regulations.
Environmental Challenges
- Impact of the Covid-19 pandemic, including a surge in cases due to the Delta variant, leading to restrictions on community activities.
- Decline in financial performance due to the pandemic's impact on office and retail sectors.
- Increase in financial expenses in 2021.
Mitigation Strategies
- Implemented strict health protocols for employee safety.
- Postponed capital expenditure investments to maintain liquidity.
- Maintained adequate cash and cash equivalents to finance operations.
- Implemented cost efficiency measures.
- Adjusted prices and offered convenience programs for customers.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
Social Achievements
- Various corporate social responsibility programs are regularly held to help the surrounding community.
- We also strive to become an environmentally friendly company through implementing various programs and developing environmentally friendly properties.
Governance Achievements
- The Company always strives to maintain commitment in implementing the principles of Good Corporate Governance (GCG)
Climate Goals & Targets
Environmental Challenges
- condition of the Covid-19 pandemic which had not fully recovered which still had an impact on the Company's business activities in the property sector
- rising prices which pushed up the inflation rate
- volatility in the Rupiah exchange rate
- interest rates increased thus affecting the Company's financial performance
- increasingly fierce business competition due to the increasing number of new buildings, especially in the office, retail, apartment and hotel rental sectors.
Mitigation Strategies
- delaying capital expenditure investments in new projects so that the Company's liquidity can be maintained properly
- continues to monitor and maintaining the amount of cash and cash equivalents at a sufficient level for the smooth running of operations
- continues to strive for efficiency in operational costs
- synergizes between business units to increase the Company's competitiveness
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Good Corporate Governance (GCG)
- Environmental Sustainability
- Social Responsibility
- Human Resources
Environmental Achievements
- Implemented various programs and environmentally friendly property development to be an environmentally friendly company
- Consistently implemented health protocols in all projects to prevent the spread of Covid-19
Social Achievements
- Regularly held corporate social responsibility programs to help the surrounding community
- Improved employee welfare (holiday allowance, health costs, etc.)
- Implemented fair recruitment process, provided training and development for employees, and created a good work environment.
Governance Achievements
- Consistently and effectively implemented Good Corporate Governance (GCG) principles at all organizational levels
- Monitored and reviewed progress in GCG compliance
- Improved GCG practices based on company needs and legal developments
Climate Goals & Targets
Environmental Challenges
- Slowdown in global and national economic growth due to geopolitical tensions, high inflation, and monetary policy tightening
- Decreased public purchasing power and increased interest rates
- Uncertainty surrounding the general election leading to a wait-and-see approach by investors
- Challenges in the office sector due to the pandemic's impact and abundant new office space supply
- Retail sector challenges due to delayed shopping center openings
Mitigation Strategies
- Strengthened and developed existing business sectors by improving service quality and facilities
- Implemented efficiency programs to maintain good financial condition
- Postponed development of new projects due to economic uncertainty
- Focused on strengthening cash flow from recurring income and property sales
- Sought opportunities for collaboration with landowners to develop office and hotel properties