Despite the increasingly complex challenges and dynamics, AKR continues to uphold the principles of transparency and accountability to achieve sustainability. The Transparency commitment is always carried out through openness in carrying out the decision-making process, as well as openness in disclosing relevant material information about the Company. The Accountability commitment is carried out through the clarity of functions, implementation and accountability of the Company’s organs, which enables the management of the Company to be carried out effectively. We believe these two principles will ultimately contribute greatly to the Company’s progress and sustainability.

One reflection of the achievements, and acknowledgment from external parties for AKR’s commitment to transparency and accountability, especially related to the Company’s sustainability performance, can be seen in the following achievements in the field of ESG and sustainability:

For sustainability reporting, the Board of Directors is responsible for leading, managing and directing all of the Company’s operational activities. Under the leadership of the President Director, the entire Board of Directors also works to ensure the sustainability vision and mission, which includes environmental, social and economic aspects is achieved, as well as of the principles of good governance are applied.

The Board of Commissioners has a supervisory role, and is supported by two Committees, namely the Audit Committee and the Nomination and Remuneration Committee. The two Committees are chaired by one of the Company’s Commissioners. The Audit Committee was established to assist the Board of Commissioners’ duties to encourage the implementation of good corporate governance, to establish an adequate internal control structure, to create an increase in the quality of transparency in financial reporting, and to assist in assessing the independence and objectivity of the public accountant that is chaired by an Independent Commissioner, who has no affiliation with the Board of Commissioners, Board of Directors, and majority shareholders of the Company.

AKR’s ESG Committee together with the Board of Directors were actively involved in preparing this Sustainability Report starting from organizing workshops with all business line representatives, approval of material topics for this report, preparation of the AKR Sustainability House and action areas, and formulation of the Company’s Net Zero Emission 2060 commitment.