PT Equity Development Investment Tbk
Climate Impact & Sustainability Data (2020, 2021)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility
Social Achievements
- PT Equity Life Indonesia provided masks and vitamins to children at Rumah Pelangi to prevent COVID-19 spread.
- PT Equity Life Indonesia launched a program ("#BerbagiGakPakeRibet") encouraging employees to donate to those affected by COVID-19.
- Donations of groceries, funds, and food for breaking the fast were given to the Yayasan Panti Asuhan Muslim Nusantara Foundation and surrounding community.
- Equity Life Indonesia provided Covid-19 protection to 100 medical personnel at Rumah Sakit PMI Bogor and 100 at Rumah Sakit Brawijaya Depok.
- Equity Life Indonesia collaborated with Foodbank of Indonesia to distribute lunch packages to 200 children.
Governance Achievements
- Implementation of Good Corporate Governance (GCG) principles: transparency, accountability, responsibility, independence, and fairness.
- Establishment of an Audit Committee and Risk Monitoring Committee.
- Implementation of a Violation Reporting System (SPP).
- Establishment of a Covid-19 Prevention Integrity Pact.
Climate Goals & Targets
Environmental Challenges
- The COVID-19 pandemic significantly impacted the global and Indonesian economies, leading to negative growth and reduced purchasing power.
- The pandemic caused a decrease in the Company's and its subsidiaries' profits and assets.
- Increased financing risk due to reduced ability of people to fulfill their financial obligations.
- Strict government policies to limit mobility negatively affected economic activities.
Mitigation Strategies
- Established work rules for employees during the pandemic to protect their health and safety.
- Arranged services in accordance with government health protocols without compromising service quality.
- Implemented moderate growth targets for 2021 considering macroeconomic indicators and internal capabilities.
- Maintained prudence in all business areas, strengthened business structure, expanded networks, and optimized investment management.
- Implemented appropriate information technology for efficiency and effectiveness.
- Improved human capital quality through online training and development.
- Strengthened capital and funding structures to prepare for future growth opportunities.
- Implemented business continuity plans and reviewed them periodically to adapt to technological advancements.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Paperless policy printing (PT Asuransi Dayin Mitra Tbk)
Awards & Recognition
- Investor - Infovesta Unit Link Awards 2020 (PT Equity Life Indonesia)
- Infobank Digital Brand Awards 2020 (PT Equity Life Indonesia)
- 21st Infobank Insurance Awards 2020 (PT Equity Life Indonesia, PT Asuransi Dayin Mitra Tbk)
- Indonesia Best Insurance Award 2020 (PT Equity Life Indonesia)
- Media Asuransi Insurance Award 2020 (PT Equity Life Indonesia)
- Indonesia Most Innovative Awards 2020 (PT Asuransi Dayin Mitra Tbk)
- Maipark Award 2020 (PT Asuransi Dayin Mitra Tbk)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Energy efficiency activities and environmentally friendly offices, which include electricity and water energy efficiency, reduced paper consumption, air and light quality maintenance, and paper use.
- Use of environmentally friendly bags/goodie bags in various events and activities
- Saving or reduction of the use of plastic and/or paper (paperless) waste
Social Achievements
- PT Equity Life Indonesia distributed 500 food packages to break the fast from May 6, 2021 to May 11, 2021
- PT Equity Life Indonesia shares its passion and happiness in providing the best gifts for children in orphanages through the “From Elifers with Hope” program.
- PT Datindo Entrycom held a “gotong royong” vaccination, June 10, 2021
- Environmental Care for Nature Conservation held by PT Ventura Investasi Utama and PT Ventura Investasi Prima on December 17, 2021
Governance Achievements
- Implementation of good corporate governance principles in all aspects of its business activities including in its subsidiaries in an integrated manner.
- Established the Equity Development Center (EDC) as a Non-Profit Training Center to provide good quality training in the respective field with an objective of increasing competence in technical and managerial fields.
- Implementation of the Balanced Scorecard (BSC) for performance measurement
Climate Goals & Targets
Environmental Challenges
- The Covid-19 pandemic that began to spread in early 2020 has hampered the global economic recovery.
- The increasingly rapid spread of the Delta variant COVID since May 2021 which has triggered a new wave of Covid-19 cases in Indonesia.
- Rising threats of technological security.
- Increased environmental risks, especially changes in the weather affecting the business.
Mitigation Strategies
- Maintaining the level of prudence in all business fields
- Strengthening the business structure and expanding the network
- Implementing appropriate information technology to achieve effectiveness and efficiency
- Improving the quality of human resources through various online education, seminars, workshops as well as external and internal training.
- Strengthening its capital structure and funding structure
- Implementing health protocols by always wearing mask, washing hands, maintaining physical distancing, avoiding crowds and reducing mobility
- Applying Work from Home (WFH) policy and adjusting working hours
- Reducing face-to-face interactions by holding virtual meetings
- Installing (acrylic) barriers in the office/branches of the subsidiaries
- Providing vitamins for all employees
- Placing hand sanitizers at certain locations
- Disinfecting all work areas every day
- Limiting work space/meeting room to a maximum of 50% capacity
- Conducting regular health checks
- Socializing the prevention and control of COVID-19 through posters, e-mails, etc.
- Supporting vaccination.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- changes in the weather affecting the business
Awards & Recognition
- The Best Public Relation in Company Activity on Cooperation of COVID-19 Protection Products Category Life Insurance
- Investor – Infovesta Unit Link Awards 2021
- Infobank 10th Digital Brand Awards 2021
- Excellence in brand among 2nd Indonesia Most Innovative Insurance Companies 2021
- Infobank Insurance Awards 2021
- Best Insurance 2021 with Excellent Financial Performance and Digital Service Innovation Category Life Insurance with Total Assets 1 T – 5 T
- Top Agent Awards of the Indonesian Life Insurance Association 33 & 34 (TAA AAJI 33 & 34)
- Best Mutual Fund 2021- Category Fixed Income Mutual Funds Period 1 & 5 Years with Assets Above Rp100 Billion – Rp500 Billion
- Most Innovative Insurance Companies Awards 2021”,
- Platinum Trofi for “Excellent” Financial Performance Predicate for 10 consecutive years (2011 - 2020)