Unforcing Sustainability And Governance Performance, SIG Wins Best Sustainability And Resilience Award 2025

JAKARTA - Commitment and discipline in implementing sustainability principles including good governance, delivering PT Semen Indonesia (Persero) Tbk (SIG) to achieve the Best Sustainability and Resilience Award and entering the Top 50 Issuers with the Largest Market Capitalization (BigCap PLCs) from the Indonesian Institute for Corporate Directorship (IICD). With this achievement, GIS is considered successful in carrying out sustainable business practices that support the Company's resilience in facing business challenges in the midst of dynamic economic situations.

The award was handed over by the IICD Management Board, Endang Hoyaranda to Group Head of Legal SIG, Maralda H. Kairupan at The 16th IICD Corporate Governance Conference and Award 2025 which was organized by IICD in collaboration with the ANTARA National News Agency (LKBN) at the Ballroom Pullman Hotel, Jakarta, on Monday, September 15.

The 16th IICD Corporate Governance Conference and Award 2025 with the theme Building Resilience through Good Governance: Thriving in Turbulent Times, is a recognition and award event for companies that have shown a commendable commitment in implementing GCG practices. The assessment was carried out on 200 issuers based on the largest and medium market capitalization (Big Cap) (Mid Cap) registered on the Indonesia Stock Exchange based on the ASEAN Corporate Governance Scorecard (ACGS) assessment method.

SIG's Corporate Secretary, Vita Mahreyni said, ESG (Environmental, Social, and Governance) as the main framework for sustainability is an integral part of SIG's business operations. The implementation of ESG makes the Company more adaptive and resilient in facing competition in the challenging national cement industry due to excess supply and contracted demand for cement.

"SIG integrates sustainability aspects in all operational activities and business processes to create added value for the environment and social sectors, including shareholders and other stakeholders. This award further motivates all GIS personnel to improve the sustainability performance supported by the implementation of GCG," said Vita Mahreyni.

Vita Mahreyni emphasized that the implementation of GCG by GIG was not solely to fulfill compliance with regulations but was based on awareness of its positive impact on the sustainability of the Company's business. The implementation of GCG is a strategic step for GIG to achieve performance growth, as well as a form of contribution in supporting economic progress by creating a conducive climate for investment development in Indonesia.

GIS consistently measures the quality of GCG through assessment and evaluation of the level of fulfillment of GCG criteria, by referring to the Regulation of the Ministry of SOEs, ASEAN Corporate Governance Scorecard, Financial Services Authority Regulation (OJK), and other related regulations. GCG's commitment to implementing GCG is evidenced by an increase in the GCG score of the Company. In 2024, based on the results of the assessment of the implementation of GCG for the 2023 financial year, SIG received a score of 102.81 with the title Leadership in Corporate Governance. This achievement rose from the previous period of 92.47 with the title Very Good.

"The increase in the GCG score shows that GIG has fully adopted international standards as formulated in the Asean Corporate Governance Scorecard (ACGS). In the future, SIG will continue to strengthen its commitment to GCG practices to encourage company management to be more professional, efficient and effective," said Vita Mahreyni.