PTPP Won 1st Place In Non-Financial SOE Category In The Annual Report Award (ARA) 2022

Photo: Doc. Antara

JAKARTA - PT PP (Persero) Tbk (PTPP) as one of the leading state-owned companies for construction and investment in Indonesia (PTPP) won 1st place in the Non-Financial SOE category at the 18th Annual Report Award (ARA) which was held on the Indonesia Stock Exchange (IDX) Jakarta on Monday 27 November 2023.

The 2022 Annual Report Award (ARA) was held in collaboration with 7 agencies, namely the Financial Services Authority (OJK), the Coordinating Ministry for Economic Affairs, the Ministry of SOEs, the Directorate of Taxes at the Ministry of Finance, the Indonesia Stock Exchange (IDX), the National Government Policy Committee (KNKG), and the Indonesian Accounting Association (IAI).

This year, ARA 2022 activities are attended by 163 participants which are divided into nine categories such as Go Public Finance; Go Public Non-Financial; Non-Go Public Finance; Non-Go Public Non-Financial; BUMN Finance; Non-Financial BUMN; BUMD Finance; Non-BUMN/Non-BUMD Finance; and Non-BUMN/Non-BUMD Finance.

The judging process has the stage of assessing phase 1 of the desk evaluation assessment, the second and 2b stages of the interview conducted by the company leadership regarding the corporate evaluation practices applied by the company, as well as confirming the results of the desk evaluation assessment of the content of the annual report. All criteria in the judging process are compiled by accommodating all provisions/standards and best practices in the corporate governance and accounting sector as well as always being updated to align with existing developments.

This criterion is in line with SE OJK 16/2021 concerning the Form and Contents of Annual Reports, including the attachment to SE OJK 16/2021 concerning Technical Guidelines for the Preparation of Sustainable Reports, which refers to SE OJK 51/2017 concerning the Application of Sustainable Finance, and accommodates the General Guidelines for Government of the Indonesian Corporate Government (PUGKI) 2021, as well as ASEAN CG Scorecard.

PTPP Corporate Secretary Bakhtiyar Efendi expressed his gratitude to the event organizers, all the jury, and all those who supported the preparation of the 2022 PTPP Annual Report.

"Alhamdulillah, PTPP has been designated as the winner of ARA 2022. This award is a form of public appreciation and recognition for the disclosure of information that has been practiced by PTPP to support Good Corporate Governance (GCG). Of course, this achievement is a milestone for PTPP to be able to continue to present information on transparent, relevant, reasonable annual reports, in accordance with the applicable provisions and guidelines. We hope that the achievement of the 2022 ARA award can motivate PTPP personnel to continue to improve performance by continuing to prioritize good corporate governance so that it has an impact on the company's positive reputation in the future," said Bakhtiyar.