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PT TIMAH Tbk Wins ESG Disclosure Awards 2022

PANGKALPINANG -- PT TIMAH Tbk won the 2022 ESG Disclosure Awards with BB Management predicate from Investor Magazine which focuses on the Bumi Global Carbon Foundation.

The award was held virtually and was attended by the Head of the CSR Division of PT TIMAH Tbk, Wednesday (26/10/2022). This award is an appreciation to companies that get an assessment of the ESG factor in the Capability Report (SR).

The Editor in Chief of Investor Daily, Primus Dorimulu said that the Government, the business world, and the community are obliged to apply the principles of Environment Social Governance (ESG) to make things better.

"The ESG Award is an expression of commitment to protecting the earth and proof of the seriousness that encourages the business world to implement a green economy, a circular economy that realizes and implements ESG daily," he said.

also appreciated the companies that won the 2022 ESG Disclosure Awards and are expected to continue to be consistent in reducing carbon emissions.

"Congratulations to the winners of the 2022 ESG Disclosure Awards, hopefully, this will be a banging force in reducing carbon emissions in every business activity and continue to contribute to reducing carbon emissions to keep the earth cleaner," he said.

Meanwhile, the Founder of Bumi Global Foundation, Deni Daruri, explained that the calculation of the ESG Awards disclosure score was carried out through a sustainability reporting analysis to determine the level of ESG transparency using relevant ESG factors by the BGK Foundation.

BGKF itself has identified 33 main ESG factors based on regulatory studies, international agreements, and reporting standards guidelines.

These criteria include the criteria for leading ESG factors from The Nasdaq Helsinki Capital Market, the TCFD (Task Force on Climate-related Financial Disclosures) framework and provisions, and the CDP (Carbon Disclosure Project). According to BGKF's analysis, these factors greatly affect the company's sustainability reporting and how to maintain sustainable business operations.

"This year the BGK Foundation and Investor ID Magazine will conduct an assessment and give appreciation to all companies that have disclosed ESG aspects," he said.

Meanwhile, the Director General of Climate Change Control of the Ministry of Environment and Forestry (KLHK), Laksmi Dwanthi congratulated the company that received this award.

"Hopefully this achievement can motivate not only the company but also more companies or other corporations to compile a better Sustainability Report and of course make improvements or continuous improvement in all activities and operational activities in the future," said Laksmi.

The Corporate Secretary of PT TIMAH Tbk, Abdullah Umar said, PT TIMAH Tbk is committed to implementing ESG principles in the company's business chain.

Abdullah said that PT TIMAH Tbk together with the MIND Group is committed to realizing net zero emissions (NZE) through a circular economy approach.

In addition, the company's ESG implementation includes the transformation of the OHS culture that the company continues to promote. In addition, the company seeks to carry out integrated environmental management.

"PT TIMAH Tbk is committed to implementing ESG principles in supporting the Government in realizing Net Zero Emissions (NZE)," he said.