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PT Integra Indocabinet Tbk (WOOD IJ) Included in IDX ESG Leaders Index
Sidoarjo, December 21th, 2020
PT Integra Indocabinet Tbk (WOOD IJ), the largest vertically integrated wooden products manufacturer in Indonesia, was included in the inaugural IDX ESG Leaders Index. This manifests the company’s focus on sustainable ESG practices and policies, strong business performance, and commitment to delivering value to stakeholders.
IDX ESG Leaders Index
The IDX ESG Leaders index was launched on November 30, 2020 by Indonesia Stock Exchange (IDX). The index includes 30 companies1 with favorable ESG ratings, lack of material ESG controversies, top stock price performance, strong financial results, and high trading liquidity. ESG data and analysis for the index are provided by Sustainalytics, the leading independent global ESG research and analysis firm.
On December 8, 2020, Indonesia Stock Exchange announced the list of 30 stocks included in the inaugural IDX ESG Leaders index, in which WOOD IJ was named as one of the index constituents. Out of 30 ESG Leaders in Indonesia, WOOD IJ has the 3rd-lowest ESG Risk Rating, indicating that the Company has lower overall business risk in experiencing material financial impact due to ESG factors.
Integra is Preserving the Environment
The largest vertically integrated wooden products manufacturer in Indonesia, Integra is committed to combatting illegal logging that leads to deforestation, and protecting biodiversity of the forested area used in Integra’s operations, particularly in the supply chain of raw materials.
Our forestry division strictly adheres to the duty and responsibility of the Government regulations and FSC guidelines which cover replanting policy, selective tree-cutting guidelines, environmental assessment, community engagement, and community welfare. Two of our forest concessions are certified by the FSC (Forest Stewardship Council) and SVLK (Indonesia National Timber Legality).
Concurrently, our manufacturing divisions are either FSC- or SVLK-certified for Chain of Custody, hence Integra only sources certified and legally procured raw materials. We have committed to realizing zero accidents in our working environment; preserving the nature; strictly obeying environmental laws and regulations to prevent pollution and gradually reduce carbon emissions; and reducing water use by recycling our wastewater and reusing it so that there is no wastewater discarded to the environment.
Integra’s Fundamental Commitment to ESG
In addition to Integra’s commitment to preserving our environment, we also nurture our Society. We value our employees and workplace communities through competitive benefits and strict prohibition of child labor, forced and bonded labor. For the Governance part, Integra adheres to five Good Corporate Governance principles: transparency, accountability, responsibility, independence and fairness.
Our commitment to ESG is further expressed through our contribution to the United Nations’ Sustainable Development Goals (UN SDGs), specifically Gender Equality (SDG #5), Clean Water and Sanitation (SDG #6), Decent Work and Economic Growth (SDG #8), Climate Action (SDG #13), and Life on Land (SDG #15).
Going forward, Integra will continue to lead by example as one the most genuinely ESG-committed listed companies in Indonesia.
About PT Integra Indocabinet Tbk:
Founded in 1989 in Sidoarjo, East Java, PT Integra Indocabinet Tbk is the largest vertically integrated wooden products manufacturer in Indonesia. Integra has established itself as the fastest growing furniture manufacturer with international and domestic accreditation. Integra promotes the use of sustainable resources and supports the livelihoods of local communities. The group employs over 2,500 team members across Indonesia.
For further information, please contact:
E-mail : firstname.lastname@example.org
Tel : (62 31) 891 0434
Website : www.integragroup-indonesia.com
This press release has been prepared by PT Integra Indocabinet Tbk (WOOD) and is circulated for the purpose of general information only. It is not intended for any specific person or purpose and does not constitute a recommendation regarding the securities of WOOD. No warranty (expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this release constitute our judgment as of this date and are subject to change without prior notice. Integra disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part of the contents of this press release and neither Integra nor any of its affiliated companies and their respective employees and agents accepts liability for any errors, omissions, negligent or otherwise, in this press release and any inaccuracy herein or omission here from which might otherwise arise.
Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as “will”, “expects” and “anticipates” and words of similar import. By their nature, forward looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that could cause actual results to differ include, but are not limited to, economic, social and political conditions in Indonesia; the state of the property industry in Indonesia; prevailing market conditions; increases in regulatory burdens in Indonesia, including environmental regulations and compliance costs; fluctuations in foreign currency exchange rates; interest rate trends, cost of capital and capital availability; the anticipated demand and selling prices for our developments and related capital expenditures and investments; the cost of construction; availability of real estate property; competition from other companies and venues; shifts in customer demands; changes in operation expenses, including employee wages, benefits and training, governmental and public policy changes; our ability to be and remain competitive; our financial condition, business strategy as well as the plans and objectives of our management for future operations; generation of future receivables; and environmental compliance and remediation. Should one or more of these uncertainties or risks, among others, materialize; actual results may vary materially from those estimated, anticipated or projected. Specifically, but without limitation, capital costs could increase, projects could be delayed and anticipated improvements in production, capacity or performance might not be fully realized. Although we believe that the expectations of our management as reflected by such forward-looking statements are reasonable based on information currently available to us, no assurances can be given that such expectations will prove to have been correct. You should not unduly rely on such statements. In any event, these statements speak only as of the date hereof, and we undertake no obligation to update or revise any of them, whether as a result of new information, future events or otherwise.