PT MNC Vision Networks Tbk
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Social Achievements
- Organized COVID-19 vaccination center for employees, families, and the public.
- Reactivated employee engagement activities like breaking the fast together, sports events, and cultural performances.
- Developed the Power of Your ID (POID) program offering MNC Group products at special employee prices.
- Implemented CSR programs by donating to various foundations and communities.
Governance Achievements
- Consistently implemented Good Corporate Governance (GCG) principles.
- Established an integrated HR Management System (e-hiring, e-PA, e-leave, e-learning, e-payroll, e-exit management).
- Held Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meetings of Shareholders (EGMS).
Climate Goals & Targets
Environmental Challenges
- Cord-cutting trends in Indonesia and globally.
- Competition in the Pay TV and broadband internet market.
- Relatively low penetration rate for Pay TV services and broadband internet in Indonesia compared to other major Asian economies.
Mitigation Strategies
- Persistent innovation and execution of strategies to cement industry dominance.
- Focus on building a quality subscriber base by providing high-quality content.
- Cross-platform upselling efforts to transition DTH subscribers to higher ARPU services (MNC Play).
- Expansion of bundled services (fiber and IPTV).
- Aggressive marketing strategies with diverse product offerings (MNC Vision's S-Band and KU-Band products).
- Leveraging MNC Media's content production capabilities.
- Strategic investment in Migo Indonesia to expand reach to mass market.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: POJK No. 29/POJK.04/2016, POJK No. 51/POJK.03/2017, SE 16/2021, Sustainable Development Goals (SDGs)
Awards & Recognition
- Indonesia Millennials’ Brand Choice Award 2022
- Brand Finance Indonesia Top 100
- Indonesia Most Acclaimed Company 2022
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Business Sustainability
- Sustainable Development Goals (SDGs)
- People, Planet, and Profit (3Ps)
- Environmental, Social, and Governance (ESG)
Social Achievements
- Corporate social responsibility events: "Healthy & Charity X Pound with MNC Squad", assistance to Esa Sasana Surya Foundation, and Imago Dei Kayu Putih Foundation.
- MNC Vision's 29th anniversary celebration with the theme "Dare to Change".
Governance Achievements
- Implementation of Good Corporate Governance (GCG) principles.
- Development of an integrated HR Management System (e-hiring, e-PA, e-leave, e-learning, e-payroll, e-exit management).
- Divestment of broadband business to Indosat Ooredoo Hutchison and Asianet Media Teknologi.
Climate Goals & Targets
Environmental Challenges
- Neutral growth in the industry.
- Piracy in the Pay TV industry.
- Changing consumer preferences and behaviors.
- Competition in the subscription-based media landscape.
Mitigation Strategies
- Redefining business focus on content delivery across subscription-based platforms.
- Streamlining operations and reallocating resources.
- Securing agreements with INVIDI Technologies and Finecast for addressable TV advertising.
- Investing in high-quality content production, particularly local content.
- Collaborating with regional and global partners for content production.
- Implementing good corporate governance principles.
- Integrating social responsibility into business practices.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: POJK No. 29/POJK.04/2016, POJK No. 51/POJK.03/2017, SE 16/2021, Sustainability Report