Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability

Social Achievements

• Launched Evoria, an incubation platform to support new musicians in the Indonesian music industry.

Governance Achievements

• Initiated the formation of an Investment Committee.
• Successfully rebranded to mahakaX.

Environmental Challenges

• Lingering effects of the global pandemic.
• Domino effect caused by Russia’s military aggression against Ukraine.
• Concerns about recession.
• Challenges in the creative economy sector.
• Decline in JAKTV's revenue due to the shift from TV shopping to e-commerce.
• Poor quality of JAKTV's analog transmitters.

Mitigation Strategies

• Implemented cost-cutting measures, including HR downsizing at JAKTV (40% reduction).
• Reduced JAKTV's broadcast hours from 24 to 18 hours.
• Implemented a relay pattern and collaborated with content creators for JAKTV.
• Improved the effective and efficient procurement system of goods & services.
• Periodic review of operational activities to pay attention to effective and efficient operating expenses.
• Periodic review of the implementation of a good and systematic Account Receivable (AR/Accounts Receivable) management process.
• Supervision and monitoring of planning & use of company budgets.
• Provided input on investments.
• Strengthened online sales capacities through owned webstore, online resellers, and online marketplaces.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Republika Newspaper received numerous awards from Baznas, SPS (Bronze, Silver, and Gold Winner IPMA), Ministry of Transportation, Coordinating Ministry for Human Development and Culture, Ministry of Education, Culture, Research and Technology, National Library of Indonesia, and Indonesian Waqf Agency.
• JAKTV received an award from the Ministry of Transportation.
• Garuda Gaganeswara book received an IBBY Honour List award.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Launched several new products requiring competent and specialized HR support; strengthened its marketing and other divisional HR teams as needed; created a supportive, inclusive, and competitive work environment.

Governance Achievements

• Consistently fulfilled the aspects of Good Governance in each of its operational activities; implemented transparency principle through submitting annual, semiannual, and quarterly financial statements; implemented fairness principles by treating all partners fairly and transparently; implemented accountability principle through clear departmental duties; implemented responsibility principle by adhering to the Company’s Articles of Association and the prevailing laws and regulations; implemented independency principle by respecting the rights, obligations, duties and responsibilities of each organ.

Climate Goals & Targets

Environmental Challenges

• Impact of global geopolitical conflicts prompting consumers to boycott specific products; domestic issues from the Indonesian Presidential Election causing investment uncertainty; evolving media industry, both in terms of creative ideas and audience preferences; significant decrease in TV advertising spending due to the massive shift to digital platforms and offline events.

Mitigation Strategies

• Initiated, formulated, and implemented a series of initiatives to ensure the health and sustainability of the business; absorbed numerous new strategic insights, particularly related to implementable efficiency measures; planned proactive steps to boost team spirit, motivate employees, and optimize existing resources; prioritized financial optimalization, operational efficiency enhancement, and human resource transformation.

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: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Baznaz Award (2 categories), Media Brand Awards (National Media Category), IPMA Gold Winner (2 categories), Ministry of Religious Affairs Public Relations Award, Indonesian Ministry of Health Award, Most Productive Online Media Award, MH Thamrin Award, KASAD Award, Indonesian National Police Award, Merlyn Park Hotel’s The Best Media Partner Award