KADIN Indonesia Business Service Desk’s Post

🌿 ESG Intelligence Forum: The Role of ESG Data in Sustainable Business Strategy Calling all business leaders across all industries to accelerate your business strategy to increase sustainable profitability through ESG data and technology! KADIN Indonesia in collaboration with MioTech, is organizing the ESG Intelligence Forum: The Role of ESG Data in Sustainable Business Strategy. The forum will be held on Wednesday, 21 August 2024 at 08.30 WIB (GMT+7) in Menara KADIN Indonesia, 29th Floor. Joining this forum will provide Indonesian companies with valuable insights about the roadmap for Indonesia's ESG reporting regulations and the role of technology in facilitating comprehensive and higher-quality ESG data management. ESG data management platforms can streamline the collection, analysis, and reporting of sustainability metrics, ensuring accuracy and consistency across global reporting frameworks for sustainable business. Don’t miss out on your opportunity to learn from the experts and expand your networks in the ESG field by joining this forum! This event is held for FREE! Go grab your seat and register to bit.ly/esg-event #ESGForum #ESGData #ESGreporting #SustainabilityForum #SustainabilityReporting #ESGIntelligenceForum #MioTech #KADINIndonesia

A Recap of the ESG Intelligence Forum: The Role of ESG Data in Sustainable Business Strategy KADIN Indonesia, in collaboration with the esteemed MioTech (MioTech), recently hosted the ESG Intelligence Forum: The Role of ESG Data in Sustainable Business Strategy on Wednesday, 21 August 2024 at Menara KADIN Indonesia. All of the speakers delivered valuable insights about the roadmap for Indonesia's ESG reporting regulations and the role of technology in facilitating comprehensive and higher-quality ESG data management. ESG data management platforms can streamline the collection, analysis, and reporting of sustainability metrics, ensuring accuracy and consistency across global reporting frameworks for sustainable business. We would like to express our sincere gratitude to all the participants for their active engagement and insightful contributions to the forum. A special thank you goes to MioTech (MioTech) for their invaluable partnership in making this event a success. We look forward to continuing these important conversations and working together to build a more sustainable and resilient Indonesian business landscape. #esgintelligencenforum #kadinindonesia #miotech #esg #sustainability #businessforum #data #technology #environment #social #governance

Indonesian companies can overcome ESG challenges through several strategic actions: 1. Building Expertise: Companies should invest in training and hiring individuals with sustainability expertise to build a knowledgeable workforce¹. 2. Customizing Global Standards: Adapting global ESG practices to fit the local context is crucial. This may involve tailoring strategies to align with Indonesia's unique market conditions¹. 3. Long-term Planning: Balancing immediate financial goals with ESG objectives requires a long-term vision. Companies need to integrate ESG into their business strategies and communicate the long-term value of sustainability to stakeholders³. 4. Harmonized Reporting: Developing consistent reporting standards will help companies measure and communicate their ESG performance effectively. Engaging with industry peers and ESG consultants can ensure accurate and transparent reporting⁴. 5. Leadership Support: Gaining the support of senior corporate leadership is essential for the successful adoption of ESG strategies within companies². 6. Securing Financing: Accessing dedicated financing for sustainable projects is vital. Companies can explore various funding options, including green bonds and ESG-focused investment². 7. Stakeholder Engagement: Engaging with stakeholders, including investors, customers, and the community, can help companies identify and address ESG risks and opportunities³. 8. Leveraging Technology: Digital tools can accelerate the achievement of ESG targets by improving access to information and enabling more efficient operations². By addressing these steps, Indonesian companies can not only overcome the challenges but also harness the opportunities presented by ESG practices to drive sustainable growth and resilience. Ref: (1) Indonesia ESG potentials and challenges companies face to transition to .... https://lnkd.in/eFSqkc5q. (2) ESG challenges for sustainable companies - SBM ITB. https://lnkd.in/eQCD9rSC. (3) Overcoming Challenges: The Path to Successful ESG Program Implementation. https://lnkd.in/eKJYiiWd. (4) Indonesia’s Sustainable Transformation - PwC. https://lnkd.in/euGpkjS6. (5) Navigating ESG in Indonesia: Insights for International Corporations. https://lnkd.in/eC-89i2R.

What are some challenges faced by Indonesian companies in implementing ESG practices? Indonesian companies face several challenges in implementing ESG (Environmental, Social, and Governance) practices. Here are some of the key issues: 1. Expertise in Sustainability: There is a significant barrier in hiring employees with sustainability expertise, which is a common challenge across Southeast Asia, including Indonesia¹. 2. Global Standards vs Local Context: Companies often struggle with retrofitting global ESG best practices into their operations, which may not always align with the unique market conditions in Indonesia³. 3. Balancing Growth and ESG Goals: Adopting ESG practices can sometimes be seen as at odds with immediate growth targets, especially when companies are pressured to show short-term financial returns². 4. Lack of Harmonized Reporting Standards: There is a need for consistent and comparable reporting standards to help companies measure and communicate their ESG performance effectively². 5. Support from Leadership: Limited support from senior corporate leadership can impede the adoption of ESG strategies within companies². 6. Financial Constraints: Dedicated financing is crucial for achieving ESG potential, and companies may face difficulties in securing the necessary funds for sustainable projects². These challenges highlight the complexity of integrating ESG practices into business operations, particularly in emerging markets like Indonesia. However, addressing these issues is essential for the long-term sustainability and success of businesses in the region. Reference: (1) Indonesia ESG potentials and challenges companies face to transition to .... https://lnkd.in/eFSqkc5q. (2) Corporate sustainability in Indonesia: Where to go from here. https://lnkd.in/ek-QdPMZ. (3) Indonesia’s Sustainable Transformation - PwC. https://lnkd.in/euGpkjS6. (4) ESG and Indonesia: Which factors will drive growth?. https://lnkd.in/ePxr644g.

58% of executives admitted to greenwashing, and even more (two-thirds) questioned the genuineness of their own companies' sustainability efforts. Meanwhile, only 36% of executives said they have measurement tools in place to track their sustainability efforts. These numbers mean that many organizations need better data collection and verification processes, as inadequate or misinterpreted data, along with a lack of standardized reporting frameworks, can all contribute to misleading greenwashing practices. Join our webinar to learn how automation can streamline your ESG efforts and empower data-driven decision-making. May 14 2024 10 AM (Jakarta time/ GMT+7) Register today through the link: https://lnkd.in/g-vuXTmf #ESG #sustainability #growth

We are pleased to invite you to our upcoming webinar and online workshop titled "Transforming Business with ESG: Insights, Regulations, and Tools" in collaboration with the Indonesia Stock Exchange (IDX), Global Reporting Initiative (GRI), and STACS ESGpedia. Date: TOMORROW, 23 August 2024 Time: 13:00 - 15:00 WIB Platform: Online on Zoom In today's rapidly evolving business landscape, integrating Environmental, Social, and Governance (ESG) principles is no longer optional—it's imperative. This event is designed to provide you with the latest insights, regulatory updates, and practical tools to help your organization succeed in the journey toward sustainability. Agenda Highlights: 1. Opening Remarks: Josephine Satyono, Executive Director, UN Global Compact Network Indonesia (IGCN) 2. Session 1 - The Imperative for ESG Reporting in Indonesia: Rony Suniyanto Djojomartono, Head of Index and ESG Business Development Unit, Indonesia Stock Exchange (IDX) 3. Session 2 - Business Reporting on the SDGs: Lany Harijanti, Regional Program Manager, Global Reporting Initiative (GRI) 4. Workshop - Digitalise your sustainability journey with ESGpedia: Giana Livia, Senior Technical Product Manager, STACS ESGpedia 5. Q&A and Open Discussion: Engage with experts and get your questions answered Why Attend? - Stay ahead of ESG regulatory trends in Indonesia. - Learn practical steps to enhance your company's sustainability reporting. - Network with like-minded professionals and industry leaders. Reserve your spot now! We look forward to your participation in this essential conversation on transforming business practices through ESG. #ESG #Sustainability #BusinessTransformation

𝗕𝘂𝗿𝘀𝗮 𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮’𝘀 𝗖𝗦𝗜 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻: 𝗔 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗮𝗿𝘆 𝗠𝗼𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮𝗻 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀’ 𝗘𝗦𝗚 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴! Bursa Malaysia launched the Centralized Sustainability Intelligence (CSI) Solution to enable all types of companies to seamlessly integrate ESG into their business operations and strategies. Let’s have a look at some of the major advantages of the CSI Solution: ☑ 𝗦𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲𝗱 𝗘𝗦𝗚 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 - Simplify sustainability reporting using automated tools for the purpose of carbon emissions assessment and consolidated reporting. ☑ 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗶𝘁𝘆 - Achieve a competitive advantage by displaying robust ESG credentials to captivate investors and secure better financing costs. ☑ 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 - Ascertain compliance with both local and international ESG reporting frameworks like TCFD, GRI, IFRS, etc. ☑ 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 - Acquire exclusive financing costs for the decarbonization initiatives from the participating banks. ☑ 𝗪𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲 𝗿𝗲𝗰𝗼𝗴𝗻𝗶𝘁𝗶𝗼𝗻 - Captivate global customers and investors through in-depth and transparent sustainability reports. In December 2023, Bursa Malaysia launched its ESG reporting platform, providing its listed issuers with a free platform to disclose their sustainability performance. With the help of the CSI Solution, this ESG reporting platform makes way for a strong ecosystem for sustainability reporting in Malaysia. With the launch of the CSI Solution, Malaysian companies have a great opportunity to make substantial progress towards sustainability while accomplishing long-term business goals at the same time. For more information, 𝗰𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝘁𝗵𝗲 𝗻𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿: https://bit.ly/3ztXGvq #ESG #Sustainability #BursaMalaysia #CSISolution #SustainableReporting #ESGReporting #Investment #Business

https://lnkd.in/gqdtXQ85 Reporting ESG performances is both mandatory and strategic. This acknowledgement from an independent third party shows that PT. BUMI Resources, Tbk. is on the right track and well-aligned with the ESG global standards.

𝑺𝒊𝒎𝒑𝒍𝒊𝒇𝒊𝒆𝒅 𝑬𝑺𝑮 𝑫𝒊𝒔𝒄𝒍𝒐𝒔𝒖𝒓𝒆 𝑮𝒖𝒊𝒅𝒆 (𝑺𝑬𝑫𝑮) Capital Markets Malaysia (CMM), launched Simplified ESG Disclosure Guide (SEDG) weeks ago, ensuring Malaysia to offer streamlined ESG guidelines for small-to-medium enterprises (SMEs). SEDG consolidates and simplifies complex global and local ESG frameworks, enhancing the availability of ESG data for SMEs. The SEDG comprises 35 priority disclosures that are aligned with local and global sustainability guidelines. It is also aligned to global, local and government frameworks and reporting standards. To enhance accessibility, CMM plans to launch Bahasa Malaysia and Simplified Mandarin versions of SEDG by the end of 2023, ensuring wider adoption and understanding among SMEs. 🔔 CMM's Adopter Programme offers SMEs in-person training, tutorials, and workshops nationwide. This initiative facilitates knowledge sharing among practitioners, enabling SMEs to navigate ESG reporting challenges effectively. Link: https://lnkd.in/e3e9FSCY 𝑇ℎ𝑒 𝑤𝑒𝑏𝑠𝑖𝑡𝑒 𝑎𝑙𝑠𝑜 ℎ𝑎𝑠 𝑎𝑐𝑐𝑒𝑠𝑠 𝑡𝑜 𝑓𝑢𝑙𝑙 𝑑𝑖𝑠𝑐𝑙𝑜𝑠𝑢𝑟𝑒 𝑔𝑢𝑖𝑑𝑒, 𝑎𝑑𝑑𝑖𝑡𝑖𝑜𝑛𝑎𝑙 𝑔𝑢𝑖𝑑𝑎𝑛𝑐𝑒 𝑎𝑛𝑑 𝑡𝑟𝑎𝑐𝑘𝑖𝑛𝑔 𝑎𝑛𝑑 𝑡𝑒𝑚𝑝𝑙𝑎𝑡𝑒𝑠. #esg #sustainability #malaysia #smallbusinesses #innovation #data

Insights from the ESG Fundamental & Awareness Seminar! I'm excited to share that I recently attended the Environmental, Social, and Good Governance (ESG) Fundamental & Awareness seminar organized by the CRMS Indonesia on 3rd May 2024. The session was led by the esteemed Dr. Hilda Leilani Masniaritta Pohan, who provided invaluable insights into ESG practices. Key takeaways from the seminar include: 🌱 ESG Overview: Understanding Environmental, Social, and Governance (ESG) factors is crucial for modern businesses. ESG initiatives drive sustainable growth, enhance stakeholder trust, and create long-term value. 🔍 Embedding ESG into Companies: Integrating ESG principles into business strategies ensures that companies operate responsibly. It aligns corporate practices with global sustainability goals, fostering ethical and resilient enterprises. 📊 Materiality Analysis: Materiality analysis identifies the most significant ESG issues affecting a company. This process prioritizes key areas for improvement, ensuring that resources are focused on the most impactful initiatives. 🧩 ESG Maturity Assessment: An ESG maturity assessment evaluates a company’s current ESG practices. It provides a clear picture of where the company stands and what steps are needed to enhance its sustainability performance. 📅 Roadmap & Initiative: Developing a strategic ESG roadmap and initiatives guides companies towards their sustainability goals. This plan outlines actionable steps to improve ESG performance, ensuring long-term success and compliance. I'm looking forward to applying these insights to drive sustainable growth and responsible business practices in my work. Let's connect and discuss how we can collaborate to make a positive impact! #ESG #Sustainability #CorporateResponsibility #BusinessStrategy #ProfessionalDevelopment