Due To Positive Performance, United Tractors Won the 2022 CSA Award

Jakarta, November 23th,2022 – PT United Tractors Tbk (UT), with the stock code UNTR, won the 2022 CSA Award for the category of The Best of Big Capitalization in The Industrial Sector. This award is given by the Indonesian Securities Analyst Association (AAEI) in collaboration with CSA Research, to issuers that possess fundamental performance and sustainable business achievements. In addition, analysts and capital market experts believe that UT is capable of making a positive contribution to the development of the capital market in Indonesia.

“This award aims to give appreciation to issuers with positive sustainability performance. For issuers, this is an opportunity to show themselves as the right investment choice for investors.” said the Chair of the CSA Award Organizing Committee, Haryajid Ramelan.

The award is proof that UT has managed to score a positive performance amidst the post-Covid-19 pandemic challenges and concerns over the economic slowdown. The Chairman of the CSA Award Jury Board, Bambang Permadi Soemantri Brodjonegoro, presented the award to the winners on Thursday (27/10), at Menara 165 Building, Jakarta. 

UT’s success in winning this award is the Company’s legitimacy for its good fundamental performance. In the Q3/2022 financial report, it is stated that UT’s net income has increased by 58% compared to the same period in 2021. Moreover, UT is also committed to increasing sustainability initiatives that are consistently reported in the sustainability report. It has become UT’s focus to be able to maintain and improve its performance so that the company continues to grow in a better direction, by consistently implementing Environmental, Social and Governance (ESG) aspects in its business operations.

UT Investor Relations Head, Ari Setiyawan, said, “We are very grateful for the appreciation. We hope that this award will motivate every UT person to work better as well as to contribute to building Indonesia’s future in a sustainable manner.” 

Through this award, UT continues to commit to innovating, providing the best solutions for the environment and society, as well as making a positive contribution both internally and externally to the company, in realizing sustainable development and supporting the government’s target of achieving net zero emissions by 2060.

The 2022 CSA Award selected 800 issuers into 30 companies, which are divided into two categories and are entitled to receive the awards based on the analysts’ favorite sectors and stocks. In the selection process, the assessment criteria consist of aspects of the issuer’s future profitability, stock liquidity, Good Corporate Governance ( GCG), risk management, openness to shareholders, as well as aspects of Environment, Social, Governance (ESG).

United Tractors’ Overview

PT United Tractors Tbk (UT) which is known as the largest heavy equipment distributor in Indonesia has been established since 1972. Currently, UT has grown and has six business pillars, namely Construction Machinery, Mining Contracting, Coal Mining, Gold Mining, Construction Industry and Energy. As it’s contributions to the achievement of the 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, as well as optimizing its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.