United Tractors Wins the 2024 CSA Award in Recognition of Positive Performance

The award was presented to Sara K. Loebis, UT’s corporate secretary, at the Main Hall of the Indonesia Stock Exchange in Jakarta.

Jakarta, October 31, 2024 – PT United Tractors Tbk (UT), with the stock code UNTR, won the 2024 CSA Award for the Analyst’s Favorite in the Industrials Sector category. In collaboration with the CSA Community, the Indonesian Securities Analysis Association (AAEI) gives this award to issuers with fundamental performance and sustainable business achievements. The award was presented directly to UT Corporate Secretary Sara K. Loebis at the Main Hall of the Indonesia Stock Exchange, Jakarta.

“We would like to express our gratitude for your appreciation and recognition. Hopefully, achieving this award can motivate every UT employee to continue improving our performance and contribute to building a sustainable future for Indonesia,” Sara K. Loebis said.

The assessment indicators for this award focus on the voting results involving analysts holding Regular Securities Analyst (RSA) and Certified Securities Analyst (CSA) certifications, holders of Securities Broker-Dealer Representative (WPPE) licenses, Underwriter Representatives (WPEE), Investment Manager Representatives (WMI), and holders of other capital market competency certificates.

This award is concrete evidence that UT has achieved positive performance amidst internal challenges in the Company’s finances and challenges due to an unstable global economy. UT’s success in achieving this award is the Company’s legitimacy for its fundamental performance by implementing strategies and steps based on the principles of good corporate governance (GCG). This award also proves the Company’s commitment to fostering good relationships and building trust among investors and analysts.

Not only that, UT is also committed to improving sustainability initiatives that are consistently reported in the sustainability report. This is undoubtedly a concern for UT to maintain and improve performance to continue to grow in a better direction by consistently implementing environmental, social, and governance (ESG) aspects in its business operations.

Through this award, UT continues to innovate, provide the best solutions for the environment and society, and positively contribute to internal and external companies. In addition, UT will also continue to improve the implementation of governance in its business operations through better decision-making processes, increasing operational efficiency, optimizing services, and strengthening stakeholder trust and corporate values.

United Tractors’ Overview

PT United Tractors Tbk (UT), established in 1972, is Indonesia’s largest heavy equipment distributor. The Company operates in five business areas: Construction Machinery, Mining Contracting, Mining, Construction Industry, and Energy. UT is committed to promoting sustainability and achieving the Sustainable Development Goals (SDGs).

ESG United Tractors

As a world-class heavy equipment, mining, and energy company, UT has been operating in Indonesia for over 52 years. The Company is committed to creating a sustainable future for Indonesia by effectively applying ESG principles. UT aims to pay attention to the environment, positively impact society, and uphold good corporate governance at all levels of its business operations. The Company also strives to optimize its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.