Chandra Asri won 3 award categories in TOP CSR Awards 2022 held by TOP Business Magazine. The categories were TOP CSR Awards 2022 5 Stars, TOP CSR Awards 2022 in the Environmental Category for the End-to-End Plastic Waste Management program, and TOP Leader on CSR Commitment 2022.
With the awards theme "Being a Responsible Company is the Key Strategy for Business Sustainable Growth", there are 3 main aspects assessed in this nomination, one of which is the alignment of the CSR program with the Company's business strategy and competitiveness. Through this award, we will continue to be committed to implementing sustainable programs based on a circular economy, in accordance with the company's principles of People, Planet, Profit by adopting an Environment, Social, and Governance (ESG) approach.
Chandra Asri partners with leading HR tech provider, Darwinbox, to digitalize end-to-end Human Resources. Chandra Asri has developed a five-year digital transformation roadmap and this partnership with Darwinbox is a part of that journey leading the Company to adopt new technology platforms for co-creating a holistic digital ecosystem.
Darwinbox’s technology enables Chandra Asri employees to be connected, where they can access any HR related processes in one app, anywhere and anytime. Overall, the integrated HR platform will enable better collaboration, higher employee productivity, as well as better employee and candidate experiences.
Chandra Asri held Parenting Class activities for PAUD in Pulo Ampel District, namely PAUD Al-Hikmah and PAUD Nusantara on 23-24 March 2022. The activity was attended by a total of 36 participants while still implementing health protocols to avoid the spread of COVID-19. The Parenting Class material was delivered by Mrs. Hj. Yenni Kesuma, SKM., MMkes as the Head of the Puloampel Community Health Center and covered the importance of educating children from an early age and preparing children for growth and development since the first 1000 days of life.
Chandra Asri continues to be committed in carrying out CSR activities through synergistic cooperation with the government and partners to be able to contribute to sustainable development in the community. This is in line with the Company's commitment to implementing the values of Environment, Social and Governance (ESG) in order to support the Sustainable Development Goals (SDGs).
Chandra Asri have successfully completed its 3rd IDR bond program with overwhelming oversubscription. Phase I in 2020 was closed with a value of IDR 1 trillion, followed by Phase II in 2020 of IDR 600 billion, Phase III in 2021 of IDR 1 trillion, Phase IV in 2021 of IDR 1 trillion, and the final Phase V in 2022 of IDR 1.4 trillion.
The final Phase V 2022 issuance recorded the biggest ever order book and oversubscription order of IDR2.5 trillion (~US$178mln), with a new record of largest single-tranche issuance for Chandra Asri of IDR1.4 trillion (~US$100mln). It also recorded one of the longest tenors for a private industrial company, with up to 10 years bullet repayment, at competitive and compelling terms. Chandra Asri will seek to grow its IDR Bond Shelf Program and will launch a new shelf in 2022 to provide investors with continuous opportunities to participate in the growth and expansion of the Company.
The Garut Regency Government has signed a Cooperation Agreement with Chandra Asri and Bakti Barito Foundation (Bakti Barito) to support the implementation of 50 km plastic asphalt in Garut, spread on various roads within the regency. The implementation of the first phase of this project will cover 23 km of asphalt road and manage 28.8 million pieces of plastic shopping bag waste. The plastic waste used in this project will be provided by Chandra Asri in collaboration with the Indonesian Plastic Recycling Association (ADUPI).
This plastic asphalt cooperation in Garut will be implemented throughout 2022 up to 2023. It is estimated that up to 216.6 tons of waste from Garut's Final Disposal Site (TPA) will be managed from this project. The plastic asphalt program has previously been implemented in Jabodetabek, Cilegon, Tegal, and Kudus, as a result of collaboration between the local governments and the private sector.
Chandra Asri and Sinar Mas Land extended the plastic waste management initiative through the "Plastic to Food" activity in the BSD City area. Through this program, the two companies educate and invite the public to manage plastic waste in their surrounding environment. Plastic waste collected by residents can be exchanged for rice as an initial stimulation. The collected plastic waste is then taken to the Integrated Waste Management Industry - Overcome Waste, Manage Independently (IPST ASARI); a waste processing facility fostered by Chandra Asri.
At IPST ASARI, the collected waste is divided into two categories; high value and low value plastic waste. High-value plastic waste is channeled to the recycling industry to be processed into plastic pellets that can be remanufactured into goods with high durability. Meanwhile, low-value plastic waste is further processed into fuel oil with quality equivalent to diesel, gasoline, and kerosene that can be utilized by the community.
As a disaster response to the floods that occurred in Serang City, Chandra Asri partnered with Indonesian Red Cross in Banten Province to immediately distribute assistance to flood-affected residents on Tuesday, 1 March 2022. The donation was the result of fundraising by Chandra Asri employees through the Year End Giving Program, which aims to provide assistance to people in need as a form of the Company's commitment to become a growth partner for the surrounding community.
The aid was distributed to 500 families affected by the flood disaster in Kasemen District. The donation was received by the Head of Kasemen District, Mr. Mashudi, S.E, accompanied by Indonesian Red Cross of Banten Province and Serang City. It is hoped that the aid can help provide foods needed by the affected residents and refugees, especially during this critical time.
In a response to high demand and the absence of domestic production, PT Chandra Asri Petrochemical Tbk launched Asrene® C6 Metallocene LLDPE to make films with higher tenacity and sealing strength such as multi-layer printed packaging and heavy-duty. This packaging is usually used for applications such as cooking oil standing pouch, stretch film (plastic wrap), and rice bags. Previously, domestic demand for C6 Metallocene LLDPE was met only by imports.
Using Metallocene in the production process resulting packaging product leak-proof, tear-resistant and shatterproof. This product has also obtained approval from the Food and Drug Supervisory Agency (BPOM) and Halal certificates from the Indonesian Ulema Council (MUI) and therefore it is safe and quality guaranteed. The current 50 kilo tons per year production capacity of Asrene® C6 Metallocene is also one of Chandra Asri's efforts in diversifying the LLDPE products in order to meet consumer needs and expected to help ease the import burden.
Commemorating the 2022 Indonesia's National Waste Awareness Day (HPSN) 2022, Chandra Asri collaborated with Dini Trisyanti, Director of Sustainable Waste Indonesia (SWI) and Dr. Eng Astryd Viandila Dahlan, an Academic who also serves as a Lecturer at Faculty of Civil and Environmental Engineering University of Indonesia in Indonesia to discuss about "Waste Management in Indonesia Based on Circular Economy". This activity is a manifestation of the Company's commitment to continue educating community on better waste management in Indonesia and to raise public awareness about the importance of waste management, especially plastic waste using circular economy concept. Speaking in the same occasion, the Director of Chandra Asri, Edi Rivai said, Chandra Asri puts forward the circular economy concept in its role addressing the plastic waste problem in Indonesia and hopes that more parties will participate in this initiative to jointly support the Government of Indonesia in achieving its waste management goals.
Using same momentum, Chandra Asri started an internal campaign #NabungSampahPlastik to encourage its employees to sort waste from home and reduce waste that ends up in Final Disposal Sites (TPA). The collected waste will be managed and processed by a third party to turn it back into raw materials and other useful products. This campaign will last for one year and the total waste collection will be announced on 2023 during the Indonesia's National Waste Awareness Day.
PT Chandra Asri Petrochemical Tbk in collaboration with the Happy Hearts Indonesia Foundation supported by the Education and Culture Office of Serang Regency inaugurated the Nusantara Early Childhood Education and Development (ECED) building located in Cibaga Village, Mangunreja Village, Puloampel District, Serang Regency. This initiative is a form of Chandra Asri's support in improving the quality of teaching and learning activities in the area around the Company's operations.
This inauguration is the inauguration of the fifth ECED that has been rebuilt by Chandra Asri. Previously, the Company had built four ECEDs; two of them are located in the Cilegon City area while the other is in the Serang Regency area. The ECED building and its supporting facilities that have been repaired are expected to improve the quality of teaching and learning activities and ensure that teachers and students can study comfortably and safely.