United Tractors Entered the List of Top Issuers with the Largest Market Capitalization (BigCap PLCs) at the IICD CG Award 2023

by CORCOM | Sep 18, 2023 | Uncategorized

The presentation was given to UT as the Top Issuer with the Largest Market Capitalization (BigCap PLCs) at the IICD CG Award 2023 event at the Financial Hall, Graha CIMB Niaga, South Jakarta.

Jakarta, September 18^th,2023 – PT United Tractors Tbk (UT), with the stock code UNTR, entered the list of Top Issuers with the Largest Market Capitalization (BigCap PLCs) at the 14th IICD Corporate Governance Conference (IICD CG) and Award 2023. This event was held by the Indonesian Institute of Corporate Directorship (IICD) located at the Financial Hall, Graha CIMB Niaga, South Jakarta, to appreciate issuers who have fundamental performance and sustainable business achievements. Apart from that, analysts and capital market experts assess that UT can make a positive contribution through implementing the principles of Good Governance.

The IICD Corporate Governance Conference and Award is an annual event to give appreciation to public companies with the best Good Corporate Governance (GCG) practices for issuers with the Largest Market Capitalization (BigCap) and issuers with Medium Market Capitalization (MidCap).

“UT would like to express its gratitude for the appreciation given to our company. This achievement further motivates us at UT to improve good governance at all stages of operational activities, to provide benefits to stakeholders and shareholders,” said UT Investor Relations Head Ari Setiyawan.

With the theme “Improving Quality Reporting to Encourage Stakeholders Engagement,” the assessment method used in the awarding is based on the ASEAN CG Scorecard. The assessment was carried out on 200 issuers listed on the Indonesia Stock Exchange (BEI) in detail, 100 issuers with the largest capitalization and 100 issuers with medium market capitalization, and supported by six assessors who are competent and experienced in the ASEAN CG Scorecard.

UT will continue to be committed to supporting the country’s growth by implementing good governance principles and sustainable business practices by improving internal systems, controls, and procedures to make effective decisions and compliance, identify long-term risks, potential impacts, and company mitigation efforts, and meet the needs of all stakeholders.

One of the highlights of this event was the presence of Prof. Dr. H. Boediono, B. Sc, M.Ec, – Vice President of the Republic of Indonesia for the 2009-2014 period. He conveyed the importance of implementing good governance principles so companies can transform and shared his experiences regarding corporate governance in Indonesia.

In addition, this event was also attended by key figures in Indonesia’s corporate and regulatory landscape, including Sigit Pramono – Chair of IICD, Mahendra Siregar – President Chair of the Board of Commissioners of the Financial Services Authority (OJK), who also presented a lecture on regulatory perspectives on governance. Corporate governance underscores the central role of regulatory bodies in shaping the corporate landscape.

Sigit Pramono, in his speech, said that apart from giving appreciation, this event was also an effort to motivate companies to realize long-term efforts in carrying out good governance transformation in Indonesia.

“For 20 years in the field of governance, we have assessed and concluded that we need a transformation process to improve governance in Indonesia. When compared with other ASEAN countries, we are still lagging behind Thailand, Malaysia, Singapore, and the Philippines. “It is the duty of all of us to continue to strive to improve good governance in corporations and the private sector,” said Sigit Pramono.

Through this appreciation, UT will continue to improve governance implementation in its business operation through better decision-making process, increase operational efficiency, optimize services, as well as strengthen corporate values and stakeholder trust.

United Tractors’ Overview

PT United Tractors Tbk (UT), known as Indonesia’s largest heavy equipment distributor, has been established since 1972. UT has grown and has five business pillars: Construction Machinery, Mining Contracting, Mining, Construction Industry, and Energy , as well as its contributions to achieving Sustainable Development targets (SDGs). UT consistently carries out activities to uphold sustainability.

ESG United Tractors

As a world-class heavy equipment, mining, and energy company with more than 50 years of experience in Indonesia, UT is committed to presenting a sustainable future for Indonesia through the effective application of ESG principles by paying attention to the environment, having a good impact on society, and upholding good corporate governance. good corporate governance at all levels of its business operations and optimizing its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.

United Tractors, PAMA and UT School Collaborated with the Indonesian Ministry of Social Affairs to Held Heavy Equipment Operator and Mechanic Training in Jayapura

by CORCOM | Sep 13, 2023 | Uncategorized

Jayapura, September 13th,2023 – To increase the competency of Human Resources (HR) in Papua, PT United Tractors Tbk (UT), PT Pamapersada Nusantara (PAMA), and UT School (UTS), collaborated with the Ministry of Social Affairs of the Republic Indonesia (Indonesian Ministry of Social Affairs) held training for heavy equipment operators and mechanics in Jayapura. This activity aims to improve local communities’ skills and employment opportunities and support infrastructure development in the region.

This training was attended by 38 Papuans, 18 of whom were in the mechanic class and 20 in the heavy equipment operator class. In its implementation, this activity occurred from August 8th to September 13th, 2023, at the Jayapura City Social Service Hall. This training is also a form of the Company’s commitment to consistently implement Environmental, Social, and Government (ESG) aspects.

After completing this training, it closed with several events attended by Dr. Ir. Hj. Tri Rismaharini, M.T. (Minister of Social Affairs of the Republic of Indonesia) at UT Jayapura Branch. This closing event began with an appearance by UT School Jayapura students, continued with a speech by Catur Padutama (Head of UT Jayapura Branch), presentation of training activity reports, directions from the Minister of Social Affairs, and closed with a demonstration of unit operation and maintenance by training participants.

Through this collaboration, it is hoped that it will be a good step in joint efforts to improve the quality of life of the Papuan people and support infrastructure development in the region.

United Tractors’ Overview

PT United Tractors Tbk (UT), known as Indonesia’s largest heavy equipment distributor, has been established since 1972. UT has grown and has five business pillars: Construction Machinery, Mining Contracting, Mining, Construction Industry, and Energy well as its contributions to achieving Sustainable Development targets (SDGs). UT consistently carries out activities to uphold sustainability.

ESG United Tractors

As a world-class heavy equipment, mining and energy company with more than 50 years of experience in Indonesia, UT is committed to presenting a sustainable future for Indonesia through the effective application of ESG principles by paying attention to the environment, having a good impact on society, and upholding good corporate governance. good corporate governance at all levels of its business operations, as well as optimizing its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.

United Tractors Collaborated with BPBD DKI Jakarta to Provide Training to the Community on Disaster Management.

by CORCOM | Sep 11, 2023 | Uncategorized

Jakarta, September 11th,2023 – PT United Tractors Tbk (UT) has collaborated with the DKI Jakarta Regional Disaster Management Agency (BPBD) to provide education regarding disaster management to the Company’s ring-1 community. This activity aims to increase community preparedness and reduce the risk of disasters in the capital. In its implementation, UT invited 28 participants from the RW 01 West Cakung Disaster Preparedness Team to visited the Disaster Literacy Room located at the DKI Jakarta Provincial Fire and Rescue Service, West Jakarta.

Through its Corporate Social Responsibility (CSR) program in disasters (United Tractors for Emergency Response and Action), UT is committed to supporting local government efforts in dealing with potential natural disasters and other emergencies. This activity is a continuation program of the Disaster Resilient Village (KATANA), which UT consistently carries out to support continuity and sustainability to form disaster preparedness groups in communities in the Company’s operational areas.

This disaster education program begins with a virtual disaster simulation through the Virtual Reality (VR) Simulator. After that, it was continued with interactive education related to disasters, including first aid procedures, handling floods, fires, and earthquakes, and education on self-rescue and evacuation during a disaster. Then, the activity continued with education regarding fire extinguishing by the DKI Jakarta Fire Team through hands-on sessions or direct practice of extinguishing fires with a Light Fire Extinguisher (APAR).

Through this activity, it is hoped to increase public education and literacy regarding disasters to create a disaster-resilient society that can carry out prevention and management in each area in a sustainable manner.

United Tractors’ Overview

PT United Tractors Tbk (UT), known as Indonesia’s largest heavy equipment distributor, has been established since 1972. UT has grown and has five business pillars: Construction Machinery, Mining Contracting, Mining, Construction Industry, and Energy well as its contributions to achieving Sustainable Development targets (SDGs). UT consistently carries out activities to uphold sustainability.

ESG United Tractors

As a world-class heavy equipment, mining and energy company with more than 50 years of experience in Indonesia, UT is committed to presenting a sustainable future for Indonesia through the effective application of ESG principles by paying attention to the environment, having a good impact on society, and upholding good corporate governance. good corporate governance at all levels of its business operations, as well as optimizing its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.

Committed to Implementing ESG, Agincourt Resources and United Tractors Wins The 2023 TrenAsia ESG Award 2023

by CORCOM | Aug 31, 2023 | Uncategorized

The presentation of the TrenAsia ESG Award 2023 to Muliady Sutio (President Director of PT Agincourt Resources) (right photo) and Ari Setiyawan (Investor Relations Head of UT) (left photo).

Jakarta, August 31st,2023 – PT Agincourt Resources (PTAR) and PT United Tractors Tbk (UT) have been awarded the 2023 TrenAsia ESG Award.This award proved the Company’s high commitment to consistently implementing ESG (Environment, Social, and Governance) in its business operations. The award was presented by TrenAsia to Muliady Sutio (President Director of PT Agincourt Resources) and Ari Setiyawan (Investor Relations Head of UT) at the Ballroom of Raffles Jakarta Hotel.

Muliady Sutio said the TrenAsia ESG Award proves PTAR’s commitment to implementing responsible mining practices from an environmental, social, and good corporate governance perspective. This ESG implementation is part of PTAR’s contribution to supporting Indonesia’s sustainable and resilient infrastructure development.

“This award is not only a form of also motivates us recognition but to continue to apply the spirit of sustainability, which aligns with the Company’s values, namely GREAT (Growth, Respect, Excellence, Action, Transparency). We also hope that this award can inspire and trigger other mineral mining companies to adopt the best ESG practices to face climate change and continue to care for our beloved earth,” said Muliady Sutio.

PTAR successfully won the Mining Action category, while UT earned the Coal Action category award. The implementation done by the companies portrays sustainability and a robust business foundation, which can significantly influence shareholder demands and decisions. With the increasing coverage of ESG implementation regulations, such as the Global Reporting Index and OJK’s Green Taxonomy 1.0, ESG-based products have become a preferred choice for shareholders.

Sukirno Inno (CEO of TrenAsia) stated that this award is a form of appreciation for companies that have implemented ESG in creating growth and enhancing performance. “The TrenAsia ESG Award 2023 has been held twice to continue motivating companies to keep improving ESG implementation through various programs for creating a better Indonesia,” said Sukirno.

The assessment indicators for this award are based on the Annual Report and Sustainability Report in the past year, focusing on ESG aspects. Under the Environmental variable, the evaluation considers sustainable product and innovation, energy usage, waste management, Greenhouse Gas (GHG) emissions, and Natural Resource Management. Additionally, the social variable is assessed based on employee development, labor practices, product and customer responsibility, social and environmental impact, and OHS. Furthermore, the Governance variable is evaluated concerning shareholder rights protection, competence of the board of commissioners and directors, quality and transparency of information, sustainable management practices, and business ethics.

The judging panel for this award includes Edi Setijawan (Director of Non-Bank Financial Industry Development and Digital Financial Innovation Department of the Financial Services Authority), Shinta Widjaja Kamdani (Coordinating Vice Chairwoman III for Maritime, Investment and Foreign Affairs of the Indonesian Chamber of Commerce and Industry), Adhitya Noviardi (Editor-in-Chief of TrenAsia), Maria Rosaline Nindita Radyati (President Director of the Institute for Sustainability and Agility), Michael T. Tjoajadi (Chief Executive Officer of Schroders Indonesia), and Mas Achmad Daniri (Expert Council of the National Governance Policy Committee).

“UT Group expresses gratitude to TrenAsia for the recognition and award given to us. It is hoped that this award can serve as a reference for all members of UT Group to be more enthusiastic in implementing and communicating ESG aspects in the future, aiming to achieve sustainability for the Indonesian nation,” said Ari Setiyawan.

PTAR and UT continue to work on sustainable business growth by demonstrating their commitment to society and environmental preservation across their operational areas. They are also implementing environmentally friendly technologies and renewable energy. This aligns with the national commitment, where President Joko Widodo ratified the Paris Agreement in 2016 and, during the COP 26 Climate Change Conference in Glasgow, Scotland, emphasized the reduction of carbon emissions and the integration of climate resilience as a cross-sectoral priority for development agendas.

This award serves as motivation for PTAR and UT to continue growing by providing the best services to customers, committed to delivering positive contributions to Indonesia, and increasing exposure regarding the Companies’ ESG implementation to the public, consumers, government, and stakeholders.

United Tractors’ Overview

PT United Tractors Tbk (UT), known as Indonesia’s largest heavy equipment distributor, has been established since 1972. UT has grown and has five business pillars: Construction Machinery, Mining Contracting, Mining, Construction Industry, and Energy well as its contributions to achieving Sustainable Development targets (SDGs). UT consistently carries out activities to uphold sustainability.

ESG United Tractors

As a world-class heavy equipment, mining, and energy company with more than 50 years of experience in Indonesia, UT is committed to presenting a sustainable future for Indonesia through the effective application of ESG principles by paying attention to the environment, having a good impact on society, and upholding good corporate governance. good corporate governance at all levels of its business operations and optimizing its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.