Climate Change Data

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)