Climate Change Data

PT Asuransi Bintang Tbk

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Launched employee well-being program, continuously adjusting work-from-home and work-from-office models while maintaining health protocols.
  • Provided scholarships to children of high-performing employees in collaboration with AAUI.

Governance Achievements

  • Implemented a hybrid work system to reduce pollution and traffic congestion.
  • Strengthened information security by adding DMZ and implementing VPN access.
  • Improved internal control systems, including the whistleblowing system.
  • Consistently implemented GCG principles across all organizational levels.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Contraction in premium production (3.8%) due to challenging economic conditions, the Covid-19 pandemic, and intense competition.
  • Increase in net claims expense (33.9%).
  • Decrease in investment returns (47.24%) primarily due to lower revaluation of investment assets.
  • Increase in NPLs and minimum capital requirements for banks.
Mitigation Strategies
  • Implemented stricter production acceptance and reinsurance strategy changes.
  • Launched new products, including the first Unit Link product compliant with OJK SE 05/2022.
  • Reduced operating expenses by 13.15%.
  • Developed and marketed new products (PAYDI, ATBI).
  • Continuous improvement in premium productivity and strengthening the Company's position with business partners.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Company has guidelines for vendor selection and performance evaluation.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015

Third-party Assurance: KAP Mirawati Sensi Idris (member of Moore Global Network Limited)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Unit Link, Index-Based Crop Insurance (ATBI)

Awards & Recognition

  • 23rd Infobank Insurance Award 2022 (Very Good Predicate)
  • 3rd Place in Infobank's 11th Digital Brand Awards 2022