Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced paper usage (although increased slightly compared to 2020 due to partial return to office)
• Implemented water recycling for plant irrigation in projects

Social Achievements

• Conducted a customer satisfaction survey after unit handover
• Organized a job fair
• Provided vitamins and medicine to employees during the pandemic
• Allocated Rp91,68 million for community development activities (various social aid programs)

Governance Achievements

• Became a public company on June 10, 2021
• Established an Audit Committee
• Implemented a policy on share ownership reporting for Directors and Commissioners
• Established an Anti-Corruption Policy

Climate Goals & Targets

Environmental Challenges

• Fluctuating property market in Indonesia
• Changes in government regulations and permits
• Availability of land
• Interest rate changes
• Potential project delays

Mitigation Strategies

• Disciplined cost efficiency
• Product diversification (high-rise to landed houses)
• Conservative risk management
• Active risk management mechanisms and KPIs
• Strong teamwork and collaboration

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (GRI Core), Integrated Reporting Framework (IIRC), Sustainable Development Goals (SDGs)

Certifications: ISO 9001

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 11: Sustainable Cities and Communities

Various social aid programs and community development initiatives

Sustainable Products & Innovation

• The Smith project (mixed-use building with SOHO units)

Awards & Recognition

• IDX Channel Anugerah Inovasi Indonesia Awards (Promising Newcomer 2021)
• TOP GRC Award (4 stars)
• CNBC Indonesia Award (The Most Adaptive Project 2021)
• FIABCI Indonesia-REI Excellence Awards 2021 (Silver Winner)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced waste by 414.2 tons to 233.1 tons
• Allocated land for green open spaces in projects

Social Achievements

• Conducted CSR activities for community development (Rp 73,583,333) and employment (Rp 47,360,570)
• Provided employee training programs

Governance Achievements

• Implemented Good Corporate Governance (GCG) practices
• Established an Anti-Corruption Policy
• Held regular Board of Commissioners and Board of Directors meetings

Climate Goals & Targets

Environmental Challenges

• Fluctuating property industry conditions in Indonesia
• Changes in government regulations, legality, and licensing
• Availability of land
• Changes in interest rates
• Potential delays in project completion

Mitigation Strategies

• Implementing a risk management system
• Focusing on core business and diversifying projects
• Exploring opportunities for cooperation or acquisitions
• Maintaining conservative liability levels
• Implementing cost-saving measures

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, Integrated Reporting Framework (IIRC), Sustainable Development Goals (SDGs)

Certifications: ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 2: Zero Hunger

CSR activities such as social services and Qurban animal purchases

Sustainable Products & Innovation

• The Smith project with 3.0 concept

Awards & Recognition

• 2021 TOP GRC Award (4 stars)
• CNBC Indonesia Award (The Most Adaptive Project 2021)
• IDX Channel Anugerah Inovasi Indonesia Awards (Promising Newcomer 2021)
• Springwood Silver Winner Awards 2021
• REI Excellence 2021
• 2020 TOP GRC Award (3 stars)
• 2019 The Smith Asia Property Awards
• 2019 Springwood Asia Property Awards

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy use by 4.66% from 159.77 GJ in 2022 to 155.11 GJ in 2023 through efficiency initiatives.
• Reduced paper usage from 200 reams in 2022 to 180 reams in 2023.
• Implemented water recycling for irrigation in projects.

Social Achievements

• Allocated Rp 90.932.253 for community development activities (Rp 56.850.183 for Sembako distribution and Rp 11.800.000 for sacrificial animal distribution).
• Provided employment opportunities and improved the economic activities and quality of life for the surrounding communities.
• Held employee gatherings and celebrations (78th Indonesian Independence Day and Christmas).

Governance Achievements

• Successfully implemented restructuring, refocusing, relocating, and rebranding strategies.
• Maintained compliance with all applicable laws and regulations.
• Established an Anti-Corruption Policy.

Climate Goals & Targets

Environmental Challenges

• High costs associated with real estate development, requiring careful CSR budget allocation.
• Challenges in distributing CSR activities due to high costs.
• Varying licensing and regulations across different locations, impacting CSR implementation.
• Fluctuating property industry conditions in Indonesia.
• Changes in government regulations, legality, and licensing.
• Availability of land for future projects.
• Changes in interest rates affecting loan costs.

Mitigation Strategies

• Implemented CSR budgeting to manage cash flow.
• Collaborated with local environmental coordinators for regular activities.
• Ensured compliance with all permits and regulations.
• Implemented continuous transformation and restructuring measures.
• Refocused business activities on landed houses and commercial areas.
• Expanded into new strategic areas and developed partnerships for land acquisition.
• Rebranded to TRUE LAND to improve competitiveness.
• Maintained conservative liability levels.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• 100% local suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Integrated Reporting Framework (IIRC), Sustainable Development Goals (SDGs), POJK No. 29/POJK.04/2016, SEOJK No. 16/SEOJK.04/2021, POJK No. 51/POJK.03/2017

Certifications: ISO 9001

Third-party Assurance: Not disclosed

Sustainable Products & Innovation

• The Smith project with a 3.0 concept.

Awards & Recognition

• 2023 Award for contributing tax revenue in 2022 (Directorate General of Taxes, Ministry of Finance)
• 2021 TOP GRC Award (4 stars)
• 2021 CNBC Indonesia Award (The Most Adaptive Project 2021)
• 2021 IDX Channel Anugerah Inovasi Indonesia Awards (Promising Newcomer 2021)
• 2021 FIABCI Indonesia Awards (Silver Winner)
• 2020 TOP GRC Award (3 stars)
• 2019 Asia Property Awards (Best High-end Condo Development - The Smith)
• 2019 Asia Property Awards (Best Mid Condo Development - Springwood)
• 2019 Asia Property Awards (Best Interior Design - Springwood)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced paper consumption to 105 reams in 9M 2024
• Reduced fuel consumption to 9,144 liters in 9M 2024
• Reduced electricity consumption to 30,988 kWh in 9M 2024

Social Achievements

• Implemented four CSR programs with a total value of Rp43,570,000, covering disaster management, public & religious facilities, education, and health sectors.
• Grocery donations, tree seed donations, Qurban donations, and medical check-ups conducted.

Governance Achievements

• Compliance with POJK 51 regulations regarding sustainable finance.
• ISO 9001 certification implemented.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: POJK 51

Certifications: ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed