Recognized for Outstanding Achievement in Sustainability and Governance, AKR Corporindo Wins 2 Awards at SPEx2 Award 2024

Jakarta, 1 August 2024 - PT AKR Corporindo (IDX stock code: AKRA.IJ) has won 2 awards from SPEx2 Award 2024, including the "Outstanding Achievement in Sustainability & Governance" and "The Best Execution Winner in Distribution and Logistic Industry" awards. These awards were presented in a prestigious event - the 9th Annual SPEx2® Award 2024 which was held at Four Seasons Hotel Jakarta on July 31, 2024, and organized by GML Performance Consulting in collaboration with Kontan Media. This award is given to the best company that is considered successful and reliable in executing Sustainability strategies to provide added value to its business and stakeholders.

AKRA Awards “Outstanding Achievement in sustainability & Governance”

and “The Best Execution Winner in Distribution and Logistic Industry

SPEx2® (Strategy into Performance Execution Excellence) Award is an annual event with objectives identifying and rewarding companies in Indonesia who are able to demonstrate excellence strategy formulation and execution. In 2024, the 9th SPEx2 Award was held with the theme of "Sustainability". This event is appreciated by the Ministry of Environment and Forestry (KLHK) as part of educational efforts in implementing sustainability strategies and becoming a positive social energy that is very important to be developed. The Nominated Companies were selected through various performance criteria and organizational reputation from both financial and non-financial perspectives, then had been assessed by jury from business practitioner, government, academics, journalist, and consultant. The winning companies were assessed based on 5 dimensions of the Strategy into Performance Execution Excellence Framework GML, including 1) Sustainable Strategy Formulation, 2) Strategy Mapping, 3) Organization Alignment, 4) Operational Execution, and 5) Monitoring & Realigning.

Mr. Suresh Vembu- Director & Corporate Secretary of AKRA along with SPEx2 Awards Jury

and Winners from other Industries

AKRA has released sustainability reports since 2013, and the Company successfully obtained “A” Rating from the MSCI ESG agency in 2024. On separate occasion, Mr. Haryanto Adikoesomo expressed his appreciation, "This award is a motivation for our management to continuously provide added value and the best benefits to all stakeholders. For us, sustainability commitment is a mission that can only be achieved through real, measurable actions, and well managed long-term strategies. We believe that AKRA will succeed in the process, and The Company will move forward when economic, social, and environmental performance are able to grow simultaneously."

PT AKR Corporindo Tbk, (AKRA) is a leading supply chain and logistic company also the developer of the largest integrated industrial and port estate in Indonesia - KEK JIIPE Gresik. AKRA was established in 1960 and currently operates storage terminals in 17 sea and river ports, investing in warehousing, transportation fleets supported by innovative IT platforms to deliver essential chemicals and energy products through end-to-end supply chain. AKRA has also expanded into the retail fuel, aviation fuel, chemicals, and gas sectors. Beside AKRA as a holding company, the Company's subsidiaries have also won awards from the Indonesian Government. Among them, KEK JIIPE Gresik received the Best Special Industrial Economic Zone Award from the Coordinating Ministry for Economic Affairs of the Republic of Indonesia. Then AKRA's joint venture with Royal Vopak which engaged in Tank Storage, namely Jakarta Tank Terminal, also received the second place as "Top Company with the Highest Investment Achievement Realization" which was presented at "Jakarta Investment Award (JIA) 2024 and organized by DKI Jakarta Provincial Government. 

AKRA continues to develop sustainability reporting in accordance with POJK 51, GRI, and other international standards. With transparent and gradual development in disclosure effort, AKRA is trusted as an ESG star listed Company. Through periodic evaluations, AKRA has also succeeded in maintaining its position in the ESG IDX Low Carbon index, ESG Quality 45 IDX KEHATI, and ESG Sector Leaders IDX KEHATI. AKRA is also still part of IDX30, LQ45, and various other prestigious stock exchange indices.

Corporate Secretary

PT AKR Corporindo Tbk