Committed to Implementing ESG, Agincourt Resources and United Tractors Wins The 2023 TrenAsia ESG Award 2023

The presentation of the TrenAsia ESG Award 2023 to Muliady Sutio (President Director of PT Agincourt Resources) (right photo) and Ari Setiyawan (Investor Relations Head of UT) (left photo).

Jakarta, August 31st,2023 – PT Agincourt Resources (PTAR) and PT United Tractors Tbk (UT) have been awarded the 2023 TrenAsia ESG Award.This award proved the Company’s high commitment to consistently implementing ESG (Environment, Social, and Governance) in its business operations. The award was presented by TrenAsia to Muliady Sutio (President Director of PT Agincourt Resources) and Ari Setiyawan (Investor Relations Head of UT) at the Ballroom of Raffles Jakarta Hotel.

Muliady Sutio said the TrenAsia ESG Award proves PTAR’s commitment to implementing responsible mining practices from an environmental, social, and good corporate governance perspective. This ESG implementation is part of PTAR’s contribution to supporting Indonesia’s sustainable and resilient infrastructure development.

“This award is not only a form of also motivates us recognition but to continue to apply the spirit of sustainability, which aligns with the Company’s values, namely GREAT (Growth, Respect, Excellence, Action, Transparency). We also hope that this award can inspire and trigger other mineral mining companies to adopt the best ESG practices to face climate change and continue to care for our beloved earth,” said Muliady Sutio.

PTAR successfully won the Mining Action category, while UT earned the Coal Action category award. The implementation done by the companies portrays sustainability and a robust business foundation, which can significantly influence shareholder demands and decisions. With the increasing coverage of ESG implementation regulations, such as the Global Reporting Index and OJK’s Green Taxonomy 1.0, ESG-based products have become a preferred choice for shareholders.

Sukirno Inno (CEO of TrenAsia) stated that this award is a form of appreciation for companies that have implemented ESG in creating growth and enhancing performance. “The TrenAsia ESG Award 2023 has been held twice to continue motivating companies to keep improving ESG implementation through various programs for creating a better Indonesia,” said Sukirno.

The assessment indicators for this award are based on the Annual Report and Sustainability Report in the past year, focusing on ESG aspects. Under the Environmental variable, the evaluation considers sustainable product and innovation, energy usage, waste management, Greenhouse Gas (GHG) emissions, and Natural Resource Management. Additionally, the social variable is assessed based on employee development, labor practices, product and customer responsibility, social and environmental impact, and OHS. Furthermore, the Governance variable is evaluated concerning shareholder rights protection, competence of the board of commissioners and directors, quality and transparency of information, sustainable management practices, and business ethics.

The judging panel for this award includes Edi Setijawan (Director of Non-Bank Financial Industry Development and Digital Financial Innovation Department of the Financial Services Authority), Shinta Widjaja Kamdani (Coordinating Vice Chairwoman III for Maritime, Investment and Foreign Affairs of the Indonesian Chamber of Commerce and Industry), Adhitya Noviardi (Editor-in-Chief of TrenAsia), Maria Rosaline Nindita Radyati (President Director of the Institute for Sustainability and Agility), Michael T. Tjoajadi (Chief Executive Officer of Schroders Indonesia), and Mas Achmad Daniri (Expert Council of the National Governance Policy Committee).

“UT Group expresses gratitude to TrenAsia for the recognition and award given to us. It is hoped that this award can serve as a reference for all members of UT Group to be more enthusiastic in implementing and communicating ESG aspects in the future, aiming to achieve sustainability for the Indonesian nation,” said Ari Setiyawan.

PTAR and UT continue to work on sustainable business growth by demonstrating their commitment to society and environmental preservation across their operational areas. They are also implementing environmentally friendly technologies and renewable energy. This aligns with the national commitment, where President Joko Widodo ratified the Paris Agreement in 2016 and, during the COP 26 Climate Change Conference in Glasgow, Scotland, emphasized the reduction of carbon emissions and the integration of climate resilience as a cross-sectoral priority for development agendas.

This award serves as motivation for PTAR and UT to continue growing by providing the best services to customers, committed to delivering positive contributions to Indonesia, and increasing exposure regarding the Companies’ ESG implementation to the public, consumers, government, and stakeholders.

United Tractors’ Overview

PT United Tractors Tbk (UT), known as Indonesia’s largest heavy equipment distributor, has been established since 1972. UT has grown and has five business pillars: Construction Machinery, Mining Contracting, Mining, Construction Industry, and Energy well as its contributions to achieving Sustainable Development targets (SDGs). UT consistently carries out activities to uphold sustainability.

ESG United Tractors

As a world-class heavy equipment, mining, and energy company with more than 50 years of experience in Indonesia, UT is committed to presenting a sustainable future for Indonesia through the effective application of ESG principles by paying attention to the environment, having a good impact on society, and upholding good corporate governance. good corporate governance at all levels of its business operations and optimizing its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.