Jakarta, 30 August 2023 - PT Garudafood Putra Putri Jaya Tbk's efforts to integrate Environmental, Social, and Governance (ESG) principles into its business processes have led Garudafood to win its first ESG award at the TrenAsia ESG Award 2023 in the Consumer Cyclical for Sustainability category. Dian Astriana, Head of the Corporate Communication and External Relations Department, received the award, representing Garudafood at Raffles Hotel Kuningan Jakarta.
TrenAsia, a reputable online media focused on economics, research, and finance, organized this event. This year, the TrenAsia ESG Award upholds the theme "Responsible Investment for a Better Tomorrow," intending to invite Gen Z and Millennials to carry out sustainable investment for a better future and increase awareness of business actors to implement responsible business based on sustainability principles.
The judge comprises of: Achmad Daniri (expert in the capital market industry), Shinta Kamdani (Chairwoman of Apindo; CEO of Sintesa group), and Adhitya Noviardi (Chief Editor of Trenasia). A comprehensive assessment referred to various ESG variables under the Global Reporting Initiatives (the international framework for Sustainability Reports) and the Indonesian Financial Services Authority (OJK) regulations. A total of 115 companies were nominated for 29 categories, and 58 companies were selected as winners. Each category selected 2 (two) companies with the title of Sustainability (1st place winner) and Action (runner-up). In the assessment of the three aspects, namely Environmental, Social, and Governance, Garudafood excelled with a score of 87 for Social, 83 for Environment, and 80 for Governance. The overall average score is 83.33.
This ESG appreciation is something to be proud of and coincides with Garudafood's 33rd anniversary, which falls on 31 August. It is also a momentum to strengthen Garudafood's commitment to continuously improve end-to-end business processes by considering ESG aspects to create a sustainable business, be responsible, and offer added value for stakeholders.