A Study of The 2021 Sustainability Reports of Public Companies in Indonesia
Jakarta (March 6, 2023) — The Foundation for International Human Rights Reporting Standards (FIHRRST) and Moores Rowland Indonesia recently launched their Study of the Sustainability Reports of All the Publicly Listed Companies in Indonesia in 2021. The study is a platform for continuously supporting the advancement of sustainability reporting by public companies in Indonesia.
Opening remarks were given by Mr. Marzuki Darusman, Chair of FIHRRST, and Ms. Vera Florida, the Vice-President of the Indonesia Stock Exchange (IDX). In his remarks, Mr. Marzuki highlighted that the study results show that the number of reports in 2021 increased significantly, namely 121.40%, compared to the number of reports in 2020.
A ‘Brief Presentation of the Study Results’ was delivered by Mr. Ali Rahmadi, Operations Director of FIHRRST. Mr. Ali explained that the study was conducted to research the conformity of the sustainability reports of public companies in Indonesia with the government’s POJK 51/2017 sustainability report criteria. He also mentioned that in the GRI Standards 2021, human rights are not just a separate standard or material topic, but companies are now required to disclose in their sustainability reports the impact their business operations have on human rights.
Before the event ended, Mr. Makarim Wibisono, Co-Founder of FIHRRST, awarded companies with the best sustainability reports. There were 10 companies that received A+ from our study:
- PT Astra International Tbk
- PT Bank Central Asia Tbk
- PT Bank CIMB Niaga Tbk
- PT Bank Mandiri (Persero) Tbk
- PT Bank Tabungan Negara (Persero) Tbk
- PT Bukit Asam Tbk
- PT Bumi Resources Tbk
- PT Jasa Marga (Persero) Tbk
- PT Perusahaan Gas Negara Tbk
- PT Vale Indonesia Tbk
The award session was followed by closing remarks from Mr. James Kallman, the CEO of Moores Rowland Indonesia. Mr. Kallman emphasized the importance of sustainability in business, especially sustainability reporting and assurance, because the whole world is beginning to implement it and is working towards it together.
