Chandra Asri [IDX:TPIA] notes the recent media report about its interest in Ixom, the Australian specialty chemical business owned by Keppel Infrastructure Trust (KIT) ISGX:A7RU]. Chandra Asri confirms that it is no longer involved in the sale process for Ixom.
Chandra Asri announced their collaboration with Borouge, a petrochemical company from the United Arab Emirates, at the B20 (Business 20) event in Nusa Dua, Bali, Monday (14/11/2022). The commitment agreed by both of petrochemical companies were based on a joint circular economy initiative which cover the management of polyolefin waste and recycling facilities to produce new products; as well as opportunities in co-marketing and market development initiatives, including developing non-metallic applications in certain market segments in oil and gas amalgamation, automotive, construction, and else, to promote the use of polyolefins.
The announcement of the commitment was attended by President of the Republic of Indonesia Joko Widodo, President of the United Arab Emirates Mohammed bin Zayed Al Nahyan, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, Minister of Foreign Affairs Retno LP Marsudi, Minister of Environment and Forestry Siti Nurbaya Bakar, Minister of Public Works and Public Housing Basuki Hadimuljono and Minister of Industry Airlangga Hartarto and CEO of Masdar Mohammed Jameel Al Ramahi.
Chandra Asri is pleased to announce that on October 2022, the Company received an overall Environmental, Social and Governance (ESG) Risk Rating score of 17.7 from Sustainalytics. This rating is categorizing as “Low Risk” of experiencing material financial impacts from ESG factors, which places Chandra Asri in the top 1 percentile in the Global Commodity Chemical sub-industry as assessed by Sustainalytics.
Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry specific Material ESG risks and how well a company is managing those risks. This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of ESG risk, i.e., a total unmanaged ESG risk score or the ESG Risk Rating, that is comparable across all industries. The Sustainalytics rating is yet another accomplishment in advancing Chandra Asri’s ambition to elevate and operationalize the company’s ESG commitment
Chandra Asri again held the fourth Community Awareness activity on Thursday, October 20, 2022. Like the previous event, this annual routine is intended for people who live around the company's gas pipelines to increase their awareness of the risks and impacts that can arise from the gas pipeline's existence. This activity was attended by 62 participants consisting of representatives of the sub-district, representatives of the Bojonegara Police, and representatives of BPBD Kab. Serang, Bojonegara Koranmil, RT and RW representatives, youth, and community leaders.
The socialization of disaster response includes an appeal regarding activities prohibited around the pipeline, such as planting perennials, burning garbage, making excavations, and constructing buildings, as well as actions that the community can take if they find these activities in the gas pipeline. It is hoped that after the implementation of Community Awareness, the community can comply with the rules that have been set in the industrial gas pipeline area to avoid undesirable things such as accidents or industrial disasters.
The Jakarta Recycle Center (JRC), a waste management program initiated by the DKI Jakarta Environmental Agency (DLH) and supported by Chandra Asri, attracted the attention of DKI Jakarta Governor Anies Baswedan. On 5 October 2022, Anies visited Pesanggarahan District, South Jakarta, to directly observe the implementation of the JRC accompanied by the Head of DLH DKI Jakarta, Asep Kuswanto and Director of Legal & External Affairs of Chandra Asri, Edi Rivai.
JRC program is the result of various stakeholder’s collaboration in waste management in DKI Jakarta. In 2021, the total value of waste (organic & inorganic) managed under the JRC program is 213 tons. For the last two years, Chandra Asri's contributions to the JRC program include providing 3-color sorting bags, cylinder prints, posters for the waste sorting schedule, waste sorting booklets, 660-liter trash cans, and organic chopping machines.
Chandra Asri won four trophies in Subroto Energy Efficiency Award (PSBE) organized by the Indonesian Ministry of Energy and Mineral Resources on Wednesday, October 5, 2022. In this award, the two Company Site Offices in Ciwandan and Puloampel managed to become winners. PSBE is an annual awarding event to appreciate the company's success in implementing energy efficiency and conservation in the building and industrial sectors.
This year, Ciwandan Site Office became the runner-up winner of the Energy Management in the Large Manufacturing Industry Sub-Category. In addition, SO Ciwandan also won an award in the Special Innovation of Energy Management Sub-Category through the Energy Savings program in Recycle Furnace by Changing the Coil Arrangement of SRT-V to SRT-1.5.
On the other hand, SO Puloampel also contributed two trophies in the Special Innovation of Energy Management Sub-Category. The winning innovations in this category are the Energy Consumption Optimization program & Control System Improvement in Factory Operations with the Implementation of the APC System and the Energy Performance Optimization & Dehydrogenation Reactor Conversion Program by Upgrading Styromax-6 to Styromax-9 Catalyst.
Chandra Asri was listed in the Top 100 Most Valuable Brands and won the Gold category in The Tenth Brand Finance Indonesia - Top Most Valuable Brands 2022. The award ceremony held by Investor Magazine was conducted online on Wednesday, October 28, 2022, and was attended by Sandiaga S. Uno, Minister of Tourism and Creative Economy of the Republic of Indonesia. The 10th Brand Finance Indonesia - Top 100 Most Valuable Brands is an award ceremony for the most valuable brands in Indonesia.
In addition to measuring the overall brand value, Brand Finance also determines the brand's relative strength through a balanced scorecard that evaluates marketing investment, stakeholder equity, and business performance. In this event, Chandra Asri achieved brand performance with a Brand Value of USD 150 million and a Brand Rating of AA+.
Biodiversity is one of the important factors in the life and stability of ecosystems. Understanding the importance of managing the impact of its operational activities in the petrochemical sector, PT Chandra Asri Petrochemical Tbk is always committed to continuing to implement the Company's policies regarding Occupational Health & Safety, Environment, Quality, and Energy Management Systems in order to protect the environment. Through this policy, the Company also strives to prevent pollution, mitigate climate change, optimize the use of sustainable resources, and maintain the diversity of the surrounding ecosystem.
In the implementation of biodiversity protection, Chandra Asri has policies to support Environmental, Social & Governance (ESG) initiatives as well as special policies that have been directly approved and supported by the President Director. The policy is implemented by establishing the initial site for biodiversity conservation with the name Kehati Asri which is located in Gunung Sugih Village, Ciwandan District, Cilegon City. Through the maintenance of the Kehati Asri, the Company strives to continue to conduct an inventory of flora and fauna diversity.
Based on the Flora Diversity Status Data of the Kehati Asri in 2022, there were 407 plants with 43 plant species with a Flora Biodiversity index of 2.95, up from the index in 2021 which was 2.93. There are several types of plants in Chandra Asri Kehati, including Mahogany (66 trees), Mango (52 trees), Yellow Palm (34 trees), Nam Nam (31 trees), Sawo Kicik (19 trees), and various other plants.
Meanwhile, the Fauna Diversity at the Kehati Asri in 2022 is 126 animals from 3 family categories, namely Aves, Herpetofauna, Mammals. Based on this data, the Fauna Biodiversity Index in Kehati Asri is 2.07 for the Aves family, 1.66 for the Herpetofauna family, and 1.21 for the Mammal family.
Chandra Asri remains committed to continuing to increase this biodiversity index as a step to contribute to building a balanced ecosystem.
Chandra Asri received an award from Habitat for Humanity Indonesia (HFHI), which was handed over directly by the National Director of HFHI, Susanto Samsudin, to the Director of HR and Corporate Affairs, Chandra Asri, Suryandi, at the Donor Appreciation Night event, in Jakarta on 20 September 2022. This award was given by HFHI for Chandra Asri's long-term partnership and contribution in supporting humanitarian programs to improve the quality of life for vulnerable people so that they can have a better life.
This partnership between Chandra Asri and HFHI has had an impact on the lives of hundreds of beneficiaries. The partnerships that have been established include the Bedah Kampung Program in Cisiram, Disaster Response assistance during the Flood and Landslide in Lebak, aid during the recovery period after the Sunda Strait tsunami, and assistance for the establishment of temporary shelters after the tsunami and liquefaction in Palu. Together with HFHI, Chandra Asri helped speed up the post-disaster recovery period so that affected communities could recover faster.
As a form of commitment towards environmental preservation, Chandra Asri held a Beach Clean Up event to celebrate the Company’s 30th anniversary. The event was held at Paku and Pangaradan Beaches, Anyer, in collaboration with Bank Sampah Digital, involving 336 volunteers consisting of Chandra Asi employees, Anyer Village community, scout members, students, and representatives of the Forkopimda Serang. The event was also attended by the Secretary of the Directorate General of Pollution and Environmental Damage Control (PPKL) of the Ministry of Environment and Forestry, Regional Assistant (Asda) I for Government Administration and Welfare of Serang Regency, Head of Cilegon Police, and Cilegon Dandim staffs.
The Beach Clean Up event, which took place on Thursday, 15 September 2022, managed to accumulate 507.2 kg of waste, making a total of 1,572.7 kg of waste collected if combined with the Kampung Bersih activity involving local residents. Furthermore, the waste were then handed over to the waste bank and TPS3R to be managed and recycled.
On the same occasion, Chandra Asri also handed over 25 trash cans to the Village Head of Anyer to be utilized at the beach. With the trash can, tourists are expected to no longer pollute the beach by littering carelessly.