INDONESIA Trends and Developments Contributed by: Ira A Eddymurthy and A Charlie R Malessy, SSEK Law Firm
Indonesian Companies Recognised for ESG Efforts The authors have also seen an increase in the ESG performance of Indonesian companies, as reflected in several prestigious awards recog - nising their contributions. Domestically, several publicly listed companies were recognised as recipients of the ESG Award 2024, organised by Yayasan Keanekaragaman Hayati Indonesia (KEHATI). These companies include PT Bank Mandiri (Persero) Tbk, PT Bank Rakyat Indo - nesia (Persero) Tbk, PT Avia Avian Tbk and PT Sarana Multi Infrastruktur (Persero). PT BNP Paribas Asset Management, PT Samuel Aset Manajemen , PT Xurya Daya Indonesia, PT Sosial Bisnis Indonesia and PT Khazanah Hijau Indo- nesia were also named as recipients of the ESG Award 2024 by KEHATI. At the international level, PT Bukit Asam Tbk received multiple awards at the Global ESG Awards in Dubai, including platinum awards for its education and awareness programme and renewable energy integration, and gold awards for supporting economically weaker sections and for its efforts in terrestrial biodiversity con - servation. PT Kalimantan Prima Persada earned multiple recognitions at the Global CSR & ESG Awards 2025, including a silver award for envi - ronmental excellence and a platinum award for the empowerment of women. Pertamina Inter - national Shipping received multiple recognitions for its commitment to women’s empowerment, including a gold award at the Global CSR & ESG Awards 2025. Other notable companies to receive awards in the ESG sector include PT Per - tamina Hulu Mahakam, Pertamina EP Zona 7 and PT PLN Indonesia Power UBP Surabaya. These recognitions highlight the growing commitment of Indonesian companies to advancing sustainable practices and promoting social responsibility.
standards to accommodate smaller businesses, including micro, small, and medium enterprises. Furthermore, it emphasises the necessity of regu - latory updates, and the qualifications of the pro - fessionals involved in the reporting and auditing processes. To ensure the effectiveness of these initiatives, the roadmap also stresses the impor - tance of enhancing the capacities of both the indi - viduals and institutions involved in the preparation, assurance and oversight of sustainability reports. The Expansion of the SIMBARA Tracking System Still within the ESG sphere, the Indonesian gov - ernment has taken steps to enhance transpar - ency and accountability in the mineral and coal sector by expanding the capabilities of the SIM - BARA platform. Preliminarily, SIMBARA is a digital platform designed to monitor non-tax state reve - nues and track mineral and coal trading activities. Several key issues prompted the introduction of SIMBARA, including discrepancies in mineral and coal data between the upstream and downstream sectors, inadequate oversight of mineral and coal sales and transportation, and the lack of an inte - grated system for coal services and supervision. In mid-2024, the government announced updates to the SIMBARA system aimed at improving the monitoring of the mineral and coal sector. The new features include enhanced tracking of min - eral and coal production, real-time monitoring of export and domestic trade transactions and integration with licensing and customs systems. Since the launch of SIMBARA, the government has been able to detect various forms of fraudu - lent activity. As such, the continued enhance - ment of the SIMBARA system reflects the gov - ernment’s broader commitment to strengthening governance, increasing transparency, preventing fraud, and supporting sustainable resource man - agement practices in Indonesia.
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