Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Sustainability
• Social Sustainability
• Environmental Sustainability
• Good Corporate Governance (GCG)

Environmental Achievements

• Implementation of environmentally friendly technology in building construction processes
• Use of electric or environmentally friendly fuel vehicles
• Vegetation planting around operational areas
• Waste management handled by contractors and government cleaning staff

Social Achievements

• Effective human resources (HR) management, improving employee skills and capabilities
• Compliance with labor laws (Law No. 13 of 2003)
• Fulfillment of employee rights (remuneration, benefits, overtime incentives)
• Provision of safe working environment and facilities
• Community development programs (PPM)

Governance Achievements

• Successful IPO in 2023
• Implementation of Good Corporate Governance (GCG) principles
• Establishment of Audit Committee and Nomination and Remuneration Committee
• Regular internal and joint meetings of Board of Commissioners and Directors
• Compliance with regulatory requirements

Climate Goals & Targets

Environmental Challenges

• Unstable global economic conditions leading to decreased property demand
• Capital and land availability for development
• Increasing material prices while government-subsidized unit prices remain unchanged
• Lack of employee understanding and awareness of sustainability principles
• Absence of clear internal parameters for measuring sustainability aspects
• Changes in government policies affecting capital market, industry, and sustainability practices

Mitigation Strategies

• Implementation of an IPO to secure funding and land for development
• Increased operational efficiency and optimized production processes
• Intensive competency development programs to improve employee understanding of sustainability
• Continuous monitoring of government policies and regulations through the Corporate Secretary
• Diversification of product offerings (commercial houses, construction services)
• Gradual adoption of environmentally friendly materials

Supply Chain Management

Responsible Procurement

• Diversification of building material suppliers

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Use of washable wallpaper in interiors
• Sitting toilets instead of squat toilets

Awards & Recognition

• The Best NPL Developer 2022 (BTN Bangkalan Branch)
• First Position in Subsidized Mortgage Realization Developer 2022 (BTN Bangkalan Branch)
• Best Developer in Home Financing Realization 2022 (BTN Syariah Surabaya Branch)