PT Bukit Asam Tbk (PTBA) won two international awards organized by Cambridge IFA at the International Global Good Governance Awards (3G Awards).
The two awards are the 3G Championship Award in Corporate Governance Reporting 2021 and the 3G ESG Championship Award for Indonesia in 2021.
PTBA Corporate Secretary Apollonius Andwie C in his press release on Wednesday, the award which was broadcast live last week, said that the Good Governance assessment emphasizes the importance of sustainable growth in a global context that includes concepts, policies and practices.
Good Governance is not only about making the right decisions, but also a decision-making process that prioritizes transparency and accountability, as well as fairness.
The Good Governance assessment emphasizes five pillars, namely transparency, social responsibility, sustainability, impact, and innovation.
The award, pioneered by Cambridge IFA, is held to promote good governance practices from individuals, governments, public institutions, private companies, to non-governmental organizations.
The 3G Awards were first held in 2016 in Turkey, and to date have distributed 150 awards.
PTBA appreciates the award given to the company in the implementation of ESG (Environmental, Social, Governance) because the company is always committed to its development and implementation.
Currently the ESG rating issued by MSCI, PTBA is at BBB level in 2020 (one of the highest in the industry), and in 2021 it is targeted to reach level A.
“Achieving this rating will support PTBA’s business transformation efforts, especially as a guarantee of funding assistance in the development of the company’s strategic initiatives,” said Apollonius.