Governance
The ESG Committee was established as a form of the Company’s commitments to sustainable development in social, economic, environmental, and governance aspects. The ESG Committee, which was established based on the Board of Directors’ Decision Letter No. 020/Kpts/DIR/ITP/XI/2021, has a duty to ensure the alignment of Indocement’s business practices with the vision of environmental preservation, particularly in increasing long-term corporate values and promoting strategic ESG management.
LEGAL BASIS
COMPOSITION STRUCTURE
The composition of ESG Committee’s members is as follows:
DUTIES AND RESPONSIBILITIES
The duties and responsibilities of the ESG Committee are:
Implementation of ESG Committee’s Duties
Before ESG terminology became a trend, the Company had implemented sustainable business practices that observe the environmental, social, and governance aspects. The ESG Committee performs its role as a catalyst within the Company. In 2022, the ESG Committee coordinated and supervised the Company’s ESG aspects. The ESG Committee holds concern discussions and increases the information disclosure related to ESG and management. We constantly monitor the ESG scores issued for Indocement and the industry by ESG rating agency, and actively provide input and additional information to maintain and further improve our position.
We also ensure compliance with environmental reporting by the Company’s operational business process for its three lines of business (Cement, Aggregate, and Ready-Mix Concrete) to the Government and HeidelbergCement Group as the holding company.