IDXSTI Launches AI For Issuer Sustainability Reporting: Reportink.AI

JAKARTA - In order to support Indonesian Capital Market players, especially Issuers, to fulfill the obligation to report sustainability according to POJK No. 51/POJK.03/2017 concerning the Implementation of Sustainable Finance, PT IDX Information Technology Solutions (IDXSTI) today officially launched an innovative artificial intelligence-based service, Reportink.AI. This technology offers practical solutions to efficiently develop Sustainability Report (SR), accurately, and according to international and local standards.

The launch of Reportink.AI was marked by the signing of a Cooperation between IDXSTI and PT Datawave Corpora Indonesia at a seminar entitled A Cutting-Edge Approach to Sustainability Reporting which was attended by representatives from the Issuer members of the Association of Indonesian Issuers (AEI).

IDXSTI is a subsidiary of PT Bursa Efek Indonesia (IDXSTI), PT Kliring Penjaminan Efek Indonesia (IDCLAR) and PT Kustodian Sentral Efek Indonesia (KSEI), which focuses on providing information technology solutions for Indonesian capital market players. Reportink.AI is the first service provided by IDXSTI for Issuers, as an answer to various challenges faced by the company in making sustainability reports. With Reportink.AI, the reporting of sustainability is now no longer a scourge for the Company. The preparation of the sustainability report has now become faster, more practical, and affordable for companies in Indonesia.

Adding to the perspective of the Indonesia Stock Exchange, IDX Director of Information Technology and Risk Management Sunandar, assessed that this innovation also supports the company's competitiveness in the capital market.

Quality sustainability reports not only increase public trust, but also help companies build better relations with stakeholders," he explained, Monday, November 18.

IDXSTI's initiative in providing this service is welcomed by the IDXSTI initiative, and hopes that in the future there will be more new technological innovations developed by various parties to support the needs of players in the capital market industry.

IDXSTI President Director Alec Syafruddin in his speech said that Reporthink.AI can be an immediate answer to the company's need to meet the provisions of the obligation to make SR, which is currently a challenge in itself because it is felt quite complicated, time consuming and also costs. This digital platform on an individual scale is expected to be a solution that is widely used.

"This platform in the future has the potential to be studied and developed to process data and continuous reports according to the company's sector or industry," added Syafruddin.

With an advanced automated system, Reportink.AI allows companies to simply upload relevant data, then artificial intelligence will compile a complete and accurate Sustainability Report. If there is incomplete data, the system will provide notifications so that all parts of the report meet the set standards.

Big data-based technology also allows Reportink.AI to combine the company's internal data with external conditions related to SDGs issues in the company's operational areas, so that reports are more contextual and perspective-rich.

Reportink.AI reports are also in accordance with international standards, namely GRI Standards and SEOJK-16 of 2021, without the need to recruit sustainability experts or certified writers. Reportink.AI can shorten the entire time of the process of making the Sustainability Report, because the entire process can already be done in one dashboard.

Executive Director of the Indonesian Issuer Association (AEI) Gilman Pradana Nugraha, appreciated the efforts made by IDXSTI in developing solutions for issuers in improving GCG.

"Sustainability Report is a strategic means for companies to show their social, environmental and sustainability responsibilities. We hope that the presence of this service can provide alternatives for issuers in fulfilling their obligations more efficiently in accordance with good quality standards," he explained.

In its presentation in a webinar attended by representatives of AEI member issuers, Ilham Akbar, Reportink CEO.AI said, Reportink.AI is the answer for companies that want to compile SR in a more efficient and cost-effective way.

"This platform allows companies to make reports easily, simply by drag-and-drop, and in a short time. If all data is completed, it only takes about 24 hours to produce reports that match local and global standards," said Ilham.

Tidak hanya itu, Reportink.AI menghadirkan sejumlah inovasi lain seperti Multi-Language Support yang memungkinkan laporan disadur ke berbagai bahasa untuk mengcapai audien global, Smart Document yang menghasilkan laporan terwatif, hingga fitur Report by Voice yang memungkinkan laporan dibacakan dengan suara CEO, sehingga lebih inklusif dan menciptakan voice of the company.

Reportink.AI is an ideal solution for large and small companies that want to fulfill reporting obligations without being bothered. Reporting is more efficient and affordable, so companies can focus on business strategies without being burdened with the reporting process.

With competitive costs and advanced technology, this service is expected to help issuers in the Indonesian Capital Market, both large and small companies, to fulfill their sustainability reporting obligations more easily.