Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Built RPTRA Marunda, Cilincing, North Jakarta Administrative City (2017)
• Not disclosed

Governance Achievements

• Published first Sustainability Report integrated with annual report (2020)
• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic impacting revenue and occupancy rates
• Declining investment and consumption levels (2019)
• Aggressive business competition (2019)
• Changes in PSAK policy recognizing sales after property handover
• Decline in net profit of associate entities

Mitigation Strategies

• Implemented strict health protocols and adjusted operating hours
• Reviewed budgets, maintained cash flow stability, reduced operational costs
• Reduced business travel using technology
• Improved construction quality, enhanced HR competencies
• Focused on completing property developments and increasing occupancy rates

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

• DKI Jakarta Governor's award for CSR (2017)
• Central Jakarta Administrative City Mayor's award for PBB-P2 compliance (2017, 2015)
• DKI Jakarta Provincial Government's CSR award for green line arrangement (2013)
• Forbes Indonesia's 2013 Top 50 Best Companies Award

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption by 5.7% from 113,453.40 kWh in 2019 to 85,661.60 kWh in 2021.
• Used energy-efficient air conditioning and wastewater recycling machines.

Social Achievements

• Provided donations and assistance to improve community welfare.
• Maintained a safe and conducive work environment for employees.

Governance Achievements

• Implemented a whistleblowing system.
• Consistently complied with all applicable laws and regulations.

Climate Goals & Targets

Environmental Challenges

• The COVID-19 pandemic and its related restrictions significantly impacted shopping centers and hotels, leading to decreased occupancy rates and visitor numbers.
• Increased competition in the property industry.
• Limited land availability.

Mitigation Strategies

• Implemented strict health protocols and improved shopping experiences.
• Launched attractive promotional programs and packages.
• Offered competitive hotel room rates to increase occupancy.
• Expanded the reach of promotional programs.

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: Triple Bottom Line (TBL), Environmental Social Governance (ESG)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 2013 Top 50 Best Companies Award (Forbes Indonesia)
• Award from Governor of DKI Jakarta for CSR (2017)
• Award from Central Jakarta Administrative City Mayor for PBB-P2 payment (2015, 2017)
• CSR award from DKI Jakarta Provincial Government for Green Line Arrangement (2013)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Efficiency in electricity, water, and emission consumption; gradual reduction in paper and plastic use; implementation of alternative environmentally friendly materials.

Social Achievements

• Ensuring fair and equal recruitment processes; commitment to safe and conducive work environment; no underage or forced labor; providing compensation at least equal to the Regional Minimum Wage.

Governance Achievements

• Compliance with prevailing laws and regulations; implementation of integrated governance; adherence to GCG principles; establishment of Audit Committee and Nomination and Remuneration Committee; implementation of Whistleblowing System.

Climate Goals & Targets

Environmental Challenges

• Uncertainty in the global economic situation; potential global recession; limited demand in office space due to hybrid work systems; dynamic political situation and increasingly aggressive business competition.

Mitigation Strategies

• Strategic planning and adaptive performance; prudent financial management; effective and productive operational activities; maintaining quality and service to customers; launching various marketing strategies; implementing efficient and effective strategies; synergistic cooperation and mitigation risk management.

Supply Chain Management

Responsible Procurement

• Policy to regulate vendor selection in procurement of goods and/or services.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SEOJK No. 16/SEOJK.04/2021, Law No. 40 of 2007, Government Regulation No. 47 of 2012, POJK No. 51/POJK.03/2017

Awards & Recognition

• 2013 Top 50 Best Companies Award (Forbes Indonesia); Governor of DKI Jakarta award (2017); Central Jakarta Administrative City Mayor award (2015, 2017); DKI Jakarta Provincial Government CSR award (2013).

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Using energy-efficient air conditioning and wastewater recycling; wastewater is used for AC cooling systems and garden irrigation at TCC Batavia.
• Implementing automatic power shutoff when not in use and encouraging employees to reduce electricity consumption by turning off electronics promptly.

Social Achievements

• Organized a three-day employee outing to Thailand in September 2023.
• Actively provided assistance to communities in need.

Governance Achievements

• Consistently implemented Good Corporate Governance (GCG) practices.
• No violations reported throughout 2023.

Climate Goals & Targets

Environmental Challenges

• Geopolitical tensions causing uncertainty and insecurity.
• Fluctuations in global and national economic conditions.
• Uncertain climate change.
• Aggressive market competition and changing lifestyles.

Mitigation Strategies

• Analyzing challenges and risks related to sustainability practices and formulating effective mitigation measures.
• Engaging with tenants, visitors, and customers to reduce the use of environmentally unfriendly materials.
• Reducing electricity, water, and emission consumption.

Supply Chain Management

Responsible Procurement

• Policy to regulate vendor selection in the procurement of goods and/or services.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEOJK No. 16/SEOJK.04/2021, Law of the Republic of Indonesia Number 40 of 2007, Government Regulation of the Republic of Indonesia Number 47 of 2012, POJK No. 51/POJK.03/2017

Awards & Recognition

• 2017 Award from Governor of DKI Jakarta for CSR participation.
• 2015 and 2017 Awards from Central Jakarta Administrative City Mayor for tax payments.
• 2013 CSR award from DKI Jakarta Provincial Government for green line arrangement.
• 2013 Forbes Indonesia Top 50 Best Companies Award.