Commited to Strengthening GCG (Good Corporate Governance), United Tractors Won the 2022 Indonesia Best Corporate Secretary Award

This award was presented by Bram S. Putro (Founder & CEO of The Iconomics) (left) and Prof. Dr. Mardiasmo, MBA., Akt, (Chairman of the Board of Management of the National Committee on Governance Policy (KNKG)) (right) to Sara K. Loebis (Corporate Secretary of PT United Tractors Tbk).

Jakarta, December 16^th,2022 – Corporate Secretary of PT United Tractors Tbk (UT), Sara K. Loebis won the Indonesia Best Corporate Secretary Award 2022 in the Construction Machinery and Heavy Equipment category organized by The Iconomics. This appreciation shows the important role of the Corporate Secretary in maximizing the implementation of GCG (Good Corporate Governance) in every UT business operation.

“I would like to express my gratitude to The Iconomics for the appreciation given at the end of 2022. This award will further encourage UT in the following years to strengthen GCG implementation for the company’s sustainability in the future,” said Sara K. Loebis.

Chairman of the Executive Board of the National Committee on Governance Policy (KNKG), Prof. Dr. Mardiasmo, MBA., Akt, emphasized that the corporate secretary has a very important role in the implementation of GCG due to an impact on the company’s business, both in terms of financial performance and the image of the company not only to the public but also investors.

“Corporate governance is very important, especially for public companies because they should provide disclosure of information or facts to the wider community. Companies that have good corporate secretary will reflect high corporate values as well as the image and trust value from stakeholders,” said Prof. Dr. Mardiasmo, MBA., Akt.

As a company that is committed to implementing ESG (Environmental, Social, and Governance), UT with the stock code UNTR consistently continues to improve corporate governance measurements related to structure and supervision, code of ethics and values, and transparency in reporting.

In the pandemic era, Covid-19 has had an impact on economic growth in Indonesia which is estimated to only grow 3-4% by the end of 2021. This condition has made UT more adaptive to existing changes by making various business adjustments with GCG as the main principle in the operations of the business. This award is also concrete proof that UT has succeeded in scoring a positive performance amidst the challenges of the Covid-19 pandemic.

The award which took place in a hybrid manner at the Le Meridien Hotel Jakarta and broadcasted online via the Youtube channel Iconomics TV on Friday (16/12/2022) has several assessment criteria, which are assessment of qualitative data over the last 2 years to become a benchmark in knowing the performance of the company’s corporate secretary.

The qualitative data is calculated based on 4 indicators consisting of Compliance, Corporate Plan, Performance Statement, and Responsibility. Each of these assessment indicators relates to the company’s compliance with existing regulations, the planning strategy to be carried out and the information provided widely, including company performance and the development of internal information for investors, as well as the company’s responsibility to external parties.

Through this award, UT is committed to improving GCG implementation in all of its business operations. Not only that, UT also puts forward the sustainability targets that have been contained in UT’s 10 sustainability aspirations so that the Company’s vision and mission can be achieved by creating benefits for stakeholders and prosperity of Indonesia.

United Tractors’ Overview

PT United Tractors Tbk (UT) which is known as the largest heavy equipment distributor in Indonesia has been established since 1972. Currently, UT has grown and has six business pillars, namely Construction Machinery, Mining Contracting, Coal Mining, Gold Mining, Construction Industry, and Energy. As its contributions to the achievement of 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.