Annual Report Award 2023 Successfully Held, Encourages Government And Company Sustainability

Photo: Special

JAKARTA - PT Bursa Efek Indonesia (IDX) together with the Financial Services Authority (OJK), the Coordinating Ministry for Economic Affairs, the Ministry of SOEs, the Directorate General of Taxes-Ministry of Finance, the National Committee for Governance Policy and the Indonesian Accountant Association successfully held the 2023 Annual Report Award (ARA) at Main Hall IDX, Monday, October 7 evening.

Chairman of the ARA Steering Committee 2023 Mardiasmo said that the event, which has entered its 19th year since it was first held in 2002, aims to encourage the application of good corporate governance principles in Indonesia, through an assessment of information disclosure and governance and sustainability practices in annual reports and company sustainability.

With the theme 'Internalizing Integrated Mindset Toward Sustainable Long Term Value Creation', ARA 2023 prioritizes integration of sustainability aspects in strategic planning and business processes to create long-term value for companies. This is in line with the hope that companies in Indonesia will further strengthen transparency in providing information related to financial and non-financial performance, including sustainability practices.

ARA 2023 activities were attended by 167 participants, divided into eleven categories covering the financial and non-financial public sectors, non-go public finance and non-financial, financial and non-financial SOEs, financial and non-financial BUMDs, non-BUMN/non-BUMD finance and non-financial, and financial sharia.

"ARA criteria are prepared by accommodating provisions/standards related to information disclosure in Annual Reports and Sustainability Reports and best practices in the corporate governance sector and are always updated to align with existing developments," said Mardiasmo in a written statement, Wednesday, October 9.

It is known that a number of IDX issuers won the 2023 ARA award, including PT Bank Central Asia Tbk (BBCA) which was named the General Champion. In the Go Public category of Finance, awards were given to PT Bank Mandiri (Persero) Tbk (BMRI) as the 1st Winner, as well as PT Bank Tabungan Negara (Persero) Tbk (BBTN) and PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) who won the 2nd place each. In the Go Public Non-Financial category, the award was won by PT Austindo Nusantara Jaya Tbk (ANJT) as 1st Champion, followed by PT Bukit Asam Tbk (PTBA) and PT Jasa Armada Indonesia Tbk (IPCM) who won the 2nd place.

Then, for the category of BUMN Finance, awards were given to PT Bank Negara Indonesia (Persero) Tbk (BBNI) and PT Bank Mandiri Taspen. Meanwhile, in the category of Non-Financial SOEs, PT Jasa Marga (Persero) Tbk (JSMR) and PT Pertamina EP won awards.

In the category of BUMD Finance, PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM) and PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk (BJBR) also won awards. While in the Non-BUMN/Non-BUMD Finance category, the awards were won by PT Bank BTPN Tbk (BTPN), and in the Non-BUMN/Non-BuMD Non-Financial category, the winners were PT Indocement Tunggal Prakarsa Tbk (INTP) and PT Avia Avian Tbk (AVIA).