Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Economic
• Social
• Environmental

Environmental Achievements

• Obtained ISO 14001 (Environmental Management System) certification.
• Reduced energy consumption by 3.72% compared to the previous year (equivalent to 110 kg CO2e per ton of product).

Social Achievements

• Conducted employee training programs (1447 participants in 2022).
• Organized blood donation drives (255 participants in 2022).
• Provided social contributions to the surrounding community.

Governance Achievements

• Implemented Good Corporate Governance (GCG) principles.
• Conducted three GCG implementation assessments in 2022 (Sedex, Ecovadis, TfS).

Climate Goals & Targets

Environmental Challenges

• Declining demand in the second half of 2022 due to high inflation in developed countries and increased global supply from China.
• High raw material prices in the first half of 2022.
• Global shipping container and vessel shortages.

Mitigation Strategies

• Good risk management practices.
• Product innovation and development.
• Optimizing productivity and improving quality.

Supply Chain Management

Responsible Procurement

• Monitoring local suppliers
• Adopting seven local MSMEs as business partners

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: POJK No. 51/POJK.03/2017

Certifications: ISO 9001:2015, ISO 22000, FSSC 22000, ISCC Plus, ISO 14001

Sustainable Products & Innovation

• Mono material film products

Environmental Metrics

ESG Focus Areas

• Economic
• Social
• Environmental

Environmental Achievements

• Achieved Environmental Management System certification (ISO 14001:2015) in October 2022.
• Obtained ISCC plus certification in March 2021 for sustainability and carbon aspects, covering raw materials and recycled products.
• Significant reduction of solid waste disposal costs in 2023 after collaboration with a third party to utilize solid waste.

Social Achievements

• Continued blood donation activities.
• Provided assistance to the surrounding community.
• Facilitated competency development for all employees through training.

Governance Achievements

• Good Corporate Governance (GCG) principles implemented throughout 2023.
• Three GCG assessments conducted in 2023 by Sedex, Ecovadis, and SGS.
• Implemented a Whistleblowing System (WBS) aligned with international standards.

Climate Goals & Targets

Environmental Challenges

• Decline in global raw material prices since mid-2022.
• Increased import of goods from large industrial countries like China, pressuring selling prices.
• High inflation and interest rates in various countries causing a decline in global demand.
• Fluctuating foreign exchange rates impacting the import of raw materials, machinery, and spare parts.
• High competition in the international and domestic markets for flexible packaging films.

Mitigation Strategies

• Increased operational efficiency and productivity.
• Reprofiling of short-term and long-term debts to reduce interest burden.
• Optimization of inventory and reduction of general and administrative expenses.
• Focus on domestic market sales and collaboration with customers for product innovation.
• Product development and innovation to enhance competitiveness.
• Exploring the use of solar energy as a renewable energy source.
• Implementing cost-saving measures and postponing non-essential expenditures.

Supply Chain Management

Responsible Procurement

• Use of local suppliers for raw materials, packaging, spare parts, and services.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: POJK No. 51/POJK.03/2017, Global Sustainable Development Goals (SDGs)

Certifications: ISO 9001:2015, FSSC 22000, ISCC Plus, ISO 14001

Third-party Assurance: Hendrawinata Hanny Erwin & Sumargo (HHES, Member Firm of Kreston Global)

Sustainable Products & Innovation

• Thinner PET films
• Mono-material films
• CPP (Cast Polypropylene) for OPP film lamination

Awards & Recognition

• Ecovadis rating of "Committed"