PT. AKR Corporindo, Tbk

AKRA Receives Oil and Gas Safety Award Patra Nirbhaya Pratama

November 24, 2021

JAKARTA, 24 November 2021 – PT AKR Corporindo Tbk (IDX ticker code: AKRA.IJ) a leading private distributor of petroleum and basic chemicals and logistics & supply chain service provider in Indonesia, received the Oil and Gas Safety Award in the category without losing working hours due to the accident “Patra Nirbhaya Karya Pratama”.

The 2021 Oil and Gas Safety Award Ceremony was held by the Ministry of Energy and Mineral Resources, Directorate General of Oil and Gas which was broadcast live online on Wednesday 24 November 2021. It was attended by the Minister of Energy and Mineral Resources – Mr. Arifin Tasrif, Secretary-General of the Ministry of Energy and Mineral Resources – Bpk. Ego Syahrial, Director General of Oil and Gas Tutuka Ariadji, and several officials from the Ministry of Energy and Mineral Resources, BPH Migas, and SKK Migas. This event was held as a form of appreciation to 82 oil and gas sub-sector business entities from upstream to downstream for their efforts in maintaining safety and security in their working areas and operations.

The award assessment is measured from the operational effectiveness and efficiency of a business entity that hold on the principles of Safety, Reliability, and Environmentally Friendly, so that achieves oil and gas safety which includes the safety of workers, the public, installations, and the environment.

AKR is respected for not having lost working days due to accidents for 3,237,470 working hours from January 1’ 2018 to April 30’ 2021. In addition to AKR, 2 subsidiaries related to fuel distribution: Jakarta Tank Terminal and BP AKR also received this award.

As a company that distributes fuel oil, AKR prioritizes Occupational Health and Safety as a priority and corporate culture. “Safety is Our Way of Life” has become a work culture that is implemented in 6 Zero Targets: 1) Zero Fatality (Prevention of accidents that result in death); 2) Zero Lost Time Injury (Prevention of work accidents that result in time loss); 3) Zero Cross Over (Prevention of confused or mixed customer requests); 4) Zero Product Quality Problems (Prevention of the risk of product quality degradation); 5) Zero Spillage (Prevention of product spillage during loading and unloading); 6) Zero Potential Fatality Accident (Prevention of work accidents that can result in death).

PT AKR Corporindo Tbk is committed in implementing best practice ESG initiatives. Management ensures policies that are in line with sustainability practices covering Health & Safety, Human Rights, Environment, Energy use, Climate Change impacts, Business Ethics, and Integrity. The implementation of ESG aspects is required in achieving sustainable net profit growth and rewarding stakeholders.

PT AKR Corporindo Tbk