PT Chandra Asri Pacific Tbk (Chandra Asri Group) once again launched the Circle of Beauty 3.0 program as part of the Indonesia Asri campaign, with the theme “Self-Care Starts with Waste Care.” The program aims to raise awareness of the younger generation towards the importance of waste management of self-care products. In collaboration with Rumah Atsiri, the program provides education on beauty product packaging recycling while integrating sustainability principles into daily practices.
The Circle of Beauty 3.0 program provides a space for participants to learn to sort waste while exploring beauty skills. This collaboration emphasizes Chandra Asri Group and Rumah Atsiri's commitment to creating a cleaner and more sustainable environment. Rumah Atsiri, through its Kosara (Koperasi Sampah Rumah Atsiri) initiative, also manages its production waste sustainably, providing benefits to the surrounding community, while supporting sustainability principles aligned with the SDGs.
This step reflects the mission of both parties to leave a legacy of a more beautiful environment for future generations, while making a real contribution to the Sustainable Development Goals (SDGs).
Chandra Asri Group has again achieved the status of National Vital Object for Industry (OVNI) for its Petrochemical Plant at Site Office Ciwandan, Cilegon, Banten, based on the Decree of the Indonesian Minister of Industry Number 3023 of 2024. With a plant area of 115.35 hectares, the facility includes high-tech facilities for the production of Olefins, Polyolefins, as well as other domestic petrochemical products such as Butadiene, MTBE, and Butene.
This designation emphasizes the company's strategic role in supporting national industrial resilience and the reduction of imports of petrochemical products, while reinforcing Chandra Asri Group's commitment to safe and sustainable operations. As the sole domestic producer of several key petrochemical products, Chandra Asri continues to support the industrial sector and national economy through innovation and significant contributions to state revenues.
With more than three decades of experience, the company also actively develops local human resources through training and educational partnerships. The OVNI status, which is valid until 2029, strengthens Chandra Asri's position as the backbone of the petrochemical industry in Indonesia.
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Chandra Asri Group won the PERHUMAS PR Excellence Awards 2024 (PREA) with the title of 1st place in the Corporate PR Program Environmental, Social, and Governance (ESG) & Diversity, Equity, and Inclusion (DEI) category for the Indonesia Asri sustainability campaign. The award was given by the Indonesian Public Relations Association (PERHUMAS) at a summit event that took place in Nusa Dua, Bali, as part of the World Public Relations Forum (WPRF) 2024 series of activities.
The Indonesia Asri campaign emphasizes collaboration and education to raise public awareness on the importance of sustainability, with more than 11,000 members of the Warga Asri community supporting various environmental initiatives. Through this campaign, Chandra Asri Group encourages the community to actively participate in environmental management, including through the Operasi Semut program which focuses on plastic waste sorting and management education. In addition, the campaign is supported by a digital platform in the form of the Indonesiaasri.com microsite to facilitate access to information.
This award is a motivation for Chandra Asri Group to continue strengthening its commitment to corporate social responsibility, in the hope of passing on a beautiful environment to future generations.
Chandra Asri Group through its subsidiary, PT Chandra Daya Investasi (CDI), expanded its business portfolio by acquiring and operating four vessels to transport oil, chemicals and natural gas. This move is part of the company's efforts to strengthen the reliability of raw material supply through a more efficient and sustainable maritime supply chain. The vessels will be operated by CDI's logistics subsidiaries, PT Chandra Shipping International (CSI) and PT Marina Indah Maritim (MIM), to support internal operational needs and open new logistics business opportunities in the transportation and storage sectors.
As part of its long-term strategy, CDI also plans to continue adding vessels to strengthen its competitiveness and develop its marine logistics and storage sectors. With more independent raw material transportation management capabilities, Chandra Asri Group targets better supply chain resilience and production process stability. This initiative is in line with the company's vision as an energy, chemical and infrastructure solutions provider in Southeast Asia and supports sustainable growth in the logistics and energy sectors, with services that not only support internal business needs but also the needs of the wider industry.
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PT Krakatau Chandra Energi (KCE), part of the Chandra Asri Group, launched the “Energizing Growth with Renewable Energy” campaign to support Indonesia's clean energy transition, by providing solar power plants (PLTS) aimed at the industrial and residential sectors. The campaign aims to accelerate the adoption of new renewable energy (NRE) in the industrial and residential sectors to contribute to the achievement of the Net Zero Emissions (NZE) 2060 target. Currently, KCE has solar power plants (PLTS) across the Krakatau Industrial Area with a total capacity of 2.067 MWp, consisting of various types of solar power plants: ground-mounted, rooftop, and floating.
KCE has also established partnerships with companies such as PT SEI, PT MAB, and Huawei, to support the installation of solar panel units for industrial, commercial, and household sectors. President Director of KCE, Erri Dewi Riani, stated that this step is in line with KCE's commitment to developing clean and sustainable energy, so as to encourage the growth of the industrial sector while supporting national goals in achieving an environmentally friendly energy transition.
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Chandra Asri Group received an award as the Best Large Investment Value Domestic Investment (PMDN) I at the Banten Investment Forum 2024, held by the Banten Provincial Government and the Banten Provincial Representative Office of Bank Indonesia. This award was given as a form of appreciation for the company's commitment in realizing investments that have a positive impact on the Banten and national economy, creating employment opportunities, and strengthening the business climate in the region. The forum themed “Investment to Enhance Inclusive and Sustainable Economic Growth” is expected to open new investment opportunities in Banten through various economic agendas such as business forums, MoU signing, awards, and business matching.
During the event, Chandra Asri Group's Director of Legal, External Affairs & Circular Economy, Edi Riva'i, expressed his appreciation and gratitude to all stakeholders for their support. Edi emphasized the importance of synergy with stakeholders to support the company's investment targets. Edi also stated that this investment not only contributes to regional economic development but also encourages inclusive and sustainable growth. By committing to continue expanding investment in Banten, particularly in Cilegon City, Chandra Asri Group is emphasizing its role in strengthening the local and national economy.
Chandra Asri Group invested in Biofront's Indonesian used cooking oil ("UCO") collection unit, TUKR (tukr.co.id). TUKR handles the entire process, from used cooking oil collection, storage, processing into green fuel, and final delivery. Biofront itself is one of the world's largest collectors of waste-based feedstock, including used cooking oil, with operations in 8 countries. Used cooking oil collected from food production waste generated by restaurants, hotels, malls and other establishments is sent to bio-refineries to produce eco-friendly fuels, including Sustainable Aviation Fuel (SAF).
This investment is critical to Chandra Asri Group's strategic growth in the green fuel sector, particularly through the production of biofuels and Bio-Nafta and is an important step in advancing Indonesia's goal of achieving Net Zero Emissions (NZE) by 2060, further affirming the Company's commitment to support the national energy transition.
PT Chandra Asri Tbk (Chandra Asri Group) held an Extraordinary General Meeting of Shareholders on October 23, 2024 in Jakarta, with the main agenda of changing the composition of the Company's management. The Meeting approved the appointment of Mr. Suracha Udomsak as the new Commissioner replacing Mr. Mongkol Hengrojanasophon, and Mr. Jirathpol Sunsap as the new Director replacing Mr. Prapote Stianpapong. These appointments are effective from the closing of the Meeting until the Annual General Meeting of Shareholders in 2027.
This change in the management composition was proposed by SCG Chemicals Public Company Limited, a 30.57% shareholder in the Company, through a letter submitted on September 23, 2024. Chandra Asri Group would like to express its appreciation to Mr. Mongkol Hengrojanasophon and Mr. Prapote Stianpapong for their contributions, and wishes the new board success in continuing the Company's duties and responsibilities during their tenure.
Chandra Asri Group has improved its ESG (Environment, Social, and Governance) ratings from international organizations MSCI and Morningstar Sustainalytics. This improvement strengthens the company's position with MSCI's ESG rating score at BBB and shows an improvement in the ESG Risk Rating from Morningstar Sustainalytics through a decrease in risk score from 16.6 to 16.3. This achievement reflects Chandra Asri Group's commitment to sustainability and places the company in the top-rated ESG category globally in the chemical industry. In addition, this result opens up greater opportunities to access sustainable financing, including Sustainability-Linked Loans (SLL).
Chandra Asri Group's Head of ESG & Sustainability, Andang Pungkase, said that this achievement results from the company's commitment to proactively managing environmental and social impacts and transparent governance. Chandra Asri Group also successfully maintained its International Sustainability & Carbon Certification (ISCC) certification for the second time, which marks recognition of the company's facilities' success in producing environmentally friendly products from bio-feedstock. Through these achievements, Chandra Asri Group continues to be committed to increasing more efficient energy use and driving innovation in using sustainable feedstocks, such as Bio-Propylene and Bio-Ethylene, to support the energy transition agenda and national climate targets.
PT Chandra Shipping International (CSI), a subsidiary of PT Chandra Daya Investasi (CDI) engaged in shipping and logistics, signed a Memorandum of Understanding (MoU) with PT Pertamina International Shipping (PIS) on October 4, 2024 and was witnessed by leaders from both companies. The cooperation aims to conduct a feasibility study to identify synergy opportunities in the marine transportation sector, chemical, and bitumen products. Both companies hope to expand their global reach in the marine transportation industry through this strategic partnership. This collaboration is a tangible manifestation of PT Chandra Shipping International's (CSI) commitment to being an industry growth partner through reliable and innovative marine services.
President Director of Chandra Asri Group, Erwin Ciputra, stated that the collaboration between CSI and PIS will positively impact Indonesia's marine logistics industry, especially by combining technological excellence and sustainability. This collaboration will also help strengthen supply chain resilience and improve service standards in the marine transportation sector, both domestically and internationally. PIS Director of Gas, Petrochemicals and New Business, Arief Sukmara, added that this move is expected to establish them as a market leader in the petrochemical transportation segment as well as other industrial products while driving innovation in supply chain operations. This feasibility study is expected to open new opportunities for both companies in facing the challenges of an increasingly competitive maritime industry.
Chandra Asri Group won the 2024 Subroto Award in the Contribution to Emission Reduction in Energy Efficiency - Energy Management in Industry and Building Category; Large Manufacturing Subcategory on the 79th Anniversary of Mining and Energy on Thursday, October 10, 2024. Chandra Asri Group was selected for its commitment and dedication in implementing effective energy management through systematic and sustainable energy conservation measures.
In the 2024 Subroto Award contest, Chandra Asri Group submitted the title “Integration of SMEn and ESG Principles - Strategic Steps Towards Energy Efficiency and Sustainable Growth at UCC1 PE Plant”, and successfully went through 2 stages of judging, namely paper selection and final judging. The winners have the opportunity to compete at the ASEAN level through the ASEAN Energy Awards (AEA), the highest award in Southeast Asia that aims to recognize and appreciate the contribution of industry players in the development of the energy sector and the participation of various sectors in the ASEAN region.
The Subroto 2024 Award is the Ministry of Energy and Mineral Resources' highest award to stakeholders who have played a role in advancing the energy and mineral resources sector within the past year.
Chandra Asri Group has signed a Sale and Purchase Agreement with Shell Singapore Pte. Ltd. to acquire Shell Energy and Chemicals Park (SECP) in Singapore. The acquisition was made through a strategic partnership involving Glencore plc and is pending regulatory approval until the end of 2024. The move aims to strengthen the company's contribution to Indonesia's energy security and support the domestic chemical industry and infrastructure sectors. Through the acquisition of SECP, Chandra Asri will ensure the supply of petroleum and chemical products, such as gasoline and jet fuel, as well as ethylene, polyethylene, propylene, MEG, and styrene monomers, to support the needs of various local industries and manufacturing processes.
Chandra Asri Group President Director & CEO, Erwin Ciputra, stated that this move will positively impact the Indonesian economy. Proceeds from SECP operations will be repatriated and reinvested for domestic industrial development, including creating new job opportunities through the establishment of a company that will manage SECP operations. In addition, the transfer of technology and knowledge from SECP to Indonesia is also expected to help improve operational efficiency and strengthen the national industrial value chain.
Chandra Asri Group's expansion into the ASEAN region aligns with the company's strategy to expand its global presence, capitalizing on the projected market growth of 4.5% by 2024 and ASEAN's combined GDP estimated to reach USD 4.5 trillion by 2030. The partnership with Glencore and the acquisition of the Shell Energy and Chemicals Park (SECP) in Singapore not only strengthens Indonesia's global position but also drives innovation through technology and knowledge transfer. This collaboration is expected to improve the company's operational efficiency and competitiveness in the energy and chemical industry, while positively impacting national economic growth.
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On 27 September 2024, Bapak Andang Pungkase, Head of ESG & Sustainability at Chandra Asri, served as a panelist in a discussion hosted by HSBC Indonesia, featuring 28 Financial Talents from the Hong Kong Academy of Finance (AoF) who are participating in the Financial Leaders Programme 2024. The discussion focused on the theme Client Transition to Net Zero and aimed to share insights and knowledge about the industrial sector's transition journey to net zero. During this opportunity, Chandra Asri shared the company’s sustainability journey and ongoing decarbonization strategies, while also discussing the crucial role financial institutions play in supporting these transition efforts.
In an effort to conserve coral reef ecosystems, PT Chandra Asri Pacific Tbk, in collaboration with the Kelompok Konservasi Alam Bawah Laut (KABL) of Sukarame Village, has undertaken coral reef rehabilitation in the northern waters of Pulau Panjang, Serang Regency, Banten Province. Through artificial coral transplantation methods, a total of 1,270 coral seedlings have been planted since 2020 as part of efforts to restore the coral reef ecosystem.
Biodiversity monitoring conducted on February 25, 2024, showed that the substrate of the northern waters of Pulau Panjang was dominated by live coral, covering 60.5% of the area, an increase from 51% in 2021 and 52.2% in 2022. According to the Ministry of Environment Decree No. 4 of 2001 on Coral Reef Damage Quality Standards, this live coral cover is classified as being in Good condition. The dominant type of hard coral is Coral Massive, indicating strong currents and high sedimentation levels.
During the Indicator Reef Fish observation, 19 genera were found, dominated by Neopomacentrus sp., a carnivorous fish that acts as a predator for small organisms, including dead coral-eating species. Thalasoma sp. was also found, which plays an important role in the ecosystem by spending 90% of its day chewing, helping to clean live coral by eating algae that hinder coral growth. The Shannon-Weaver diversity index (H’) was recorded at 2.23, indicating a highly stable condition, with an evenness index of 0.75 and a dominance index of 0.16, both of which also point to ecosystem stability.
Additionally, water quality measurements were carried out in the northern waters of Pulau Panjang, assessing parameters such as temperature, salinity, and pH. The analysis results showed that water quality is very suitable for optimal coral growth, meeting the seawater quality standards according to the Ministry of Environment Decree No. 51 of 2004.
Click here to access the Panjang Island Coral Reef Transplantation Report.
Chandra Asri Group participated in ExxonMobil’s thematic session at the Indonesia Sustainability Forum (ISF) 2024, held on September 6 at JCC, with the theme "Carbon Capture & Storage (CCS): Advancing Collaboration Opportunities for Emission Reduction and Sustainable Growth." Represented by Edi Riva'i, Director of Legal, External Affairs, and Circular Economy, Chandra Asri Group outlined the company's decarbonization strategy and commitment to achieving net zero emissions, in line with Indonesia's ENDC targets. One of the technologies under consideration is CCS/CCUS, which is seen as crucial for reducing greenhouse gas emissions. Chandra Asri Group also emphasized the importance of cross-sector collaboration and government support, whether through regulations or incentives, to accelerate the implementation of this technology in support of industrial transformation and future emission reduction goals.
Chandra Asri Group is participating in the pilot program initiated by the Cilegon City Government, providing free nutritious meals at five schools in the city. A total of 2,054 students benefit from this program, receiving a set of eating utensils made from certified SNI and Halal plastic, which are reusable and recyclable, along with nutritious meals. Chandra Asri Group contributed by distributing the eating utensils made from the company's reusable plastic materials.
The Chairman of the Presidential Advisory Council (Wantimpres), Wiranto, in his speech, stated that the Free Nutritious Meals program in Cilegon is part of a national initiative supported by local companies through Corporate Social Responsibility (CSR) programs. "We highly appreciate the implementation of the free nutritious meals scheme in Cilegon City involving industrial CSR. Thank you to Chandra Asri for participating in this program," said Wiranto.
The packaging assistance in this program also supports the domestic economy, as the production and materials come from local manufacturers. Additionally, using these eating utensils helps maintain food hygiene, ensuring that the recipient students can consume their meals safely. We hope that future Free Nutritious Meals programs will continue to utilize packaging that adheres to the mentioned standards and benefits. The pilot project for Free Nutritious Meals in Cilegon City took place from August 19 to 22, 2024, with the target schools being SMPN 5, SDN Cilegon 09, SDN Cilegon 12, SDN Pangabuan, and SDN Samangraya I.
Chandra Asri Group successfully won the Katadata ESG Awards on August 8, 2024, in the Chemicals sector, thanks to the Company’s strong commitment to transparency in ESG (Environmental, Social, and Governance) performance information. One of the key criteria for this award was the comprehensive and detailed sustainability report, which covers various important sub-aspects such as environmental cost reporting, the use of eco-friendly materials, energy management, biodiversity conservation, and the management of emissions, waste, and effluents. Through this award, Chandra Asri Group is recognized for its strong ESG performance, demonstrating its commitment to creating a sustainable and responsible business.
The Katadata ESG Awards is part of the Katadata Sustainability Action for The Future Economy (SAFE) 2024 event series, aimed at appreciating companies with significant contributions to the implementation of sustainability principles. This award serves as recognition of Chandra Asri Group's efforts in conducting business aligned with sustainable development goals while strengthening our position as a leader in the chemicals industry. The event also highlights the important role of companies in balancing economic growth with environmental preservation for the future.
Chandra Asri Group once again showed its concern for environmental conservation by supporting the Wildlife Journalism Competition (WJC) agenda organized by the Center for Environmental Communication Studies of Padjadjaran University (Unpad). The roadshow, themed “Negative Human-Wildlife Interactions from an Environmental Journalism Perspective”, took place in Banten on August 6 and 7, 2024, in collaboration with Sultan Ageng Tirtayasa University (Untirta). The program aims to instill the value of animal conservation to students, develop journalistic skills, and provide an understanding of human-animal interactions from an environmental journalism perspective.
Throughout the event, around 70 students from various universities in Serang and Cilegon, Banten participated to learn practical skills in developing news, articles or reports related to wildlife conservation. Then, at the closing of the roadshow on August 8, 2024, a total of 50 students from Unpad and Untirta participated in mangrove planting at Lembur Mangrove Patikang, Pandeglang, an edu-ecotourism area assisted by Chandra Asri Group with an area of 9,500 square meters. This activity is expected to form a young generation who cares about nature conservation and strengthen efforts to protect the environment and animals.
Chandra Asri Group, with full awareness of the need to preserve biodiversity as an effort to protect and conserve ecosystems to sustain and maintain the sustainability of flora and fauna life. Biodiversity is a vital element for the company to ensure the sustainability and balance of ecosystems.
Chandra Asri Group's biodiversity performance in 2023, based on the Ex-Situ Flora Biodiversity Status Data at the Asri Kehati Park in 2023, recorded a total of 419 plants with 46 types of plants with a Flora Biodiversity Index of 3.03, an increase compared to the 2021 index of 2.98. Meanwhile, the In-Situ Flora Biodiversity Status at the Kadubereum Kehati Park in 2023 recorded a total of 3009 plants with 56 types of plants with a Flora Biodiversity Index of 3.29.
Meanwhile, the Fauna Biodiversity at the Asri Kehati Park in 2023 recorded 126 animals from 3 family categories, namely Aves, Herpetofauna, and Mammalia. Based on this data, the Fauna Biodiversity Index at the Asri Kehati Park was 2.07 for the Aves family, 1.66 for the Herpetofauna family, and 1.21 for the Mammalia family.
In 2024, Chandra Asri Group is expanding its innovation and performance in the planting of flora and fauna at ex-situ and in-situ sites. The flora conservation efforts in 2024, in collaboration with the Cidanau Watershed Communication Forum, involve the conservation of endemic fruit plants unique to the Banten province, with the Latin name Parartocarpus Venenosus Becc., also known as the Purut plant, whose distribution has significantly decreased in the Banten province. We have also successfully planted Cemara Udang, with the Latin name Casuarina equisetifolia. This plant contributes to soil fertility through nitrogen fixation. Its roots form symbiotic relationships with nitrogen-fixing bacteria, enriching the soil of the Asri Kehati Park, an ex-situ site, with nitrogen.
The fauna conservation efforts in 2024 involve the conservation of the Sunburst Turtle, with the Latin name Heosemys Spinosa, with a total of 4 individuals. This turtle, from the family Geoemydidae, is listed as Endangered on the IUCN Red List.
Chandra Asri Group remains committed to continuously increasing this biodiversity index as a step towards contributing to the balance of ecosystems. To view the biodiversity updates from Chandra Asri, click here.
PT Chandra Asri Pacific Tbk (Chandra Asri Group) has officially exercised the Greenshoe option under the US$600 million equivalent sustainability linked syndicated term loan facilities (“Facilities") signed in May 2024 to upsize the Facilities to US$800 million equivalent, following a positive response from the bank market and oversubscription to the Facilities. The Facilities provided by a number of banking partners across countries including Indonesia, Singapore, and Thailand. This agreement marks a greater and solid support from the banking industry, reaffirming Chandra Asri’s commitment to responsible business practices and environment stewardship which are expected to boost Company’s overall performance.
The loan is designated to foster and support environmentally and socially sustainable economic projects to support the Company’s growth, which will reinforce Chandra Asri Group's leadership in the chemical and infrastructure sectors. Through the integration of the financial strategies with sustainability objectives, Chandra Asri Group, as a committed growth partner, is confident to spearhead sustainable business practices.
