Company Principles, Main Reasons for ESG Implementation in Indonesia
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Environmental, social, and governance (ESG) are business practice standards that sustainably consider environmental, social, and governance aspects.
According to a Mandiri Institute survey, these standards are widely adopted by large companies in Indonesia.
Of the 162 listed companies surveyed, 95% implemented ESG due to their corporate values or principles.
Many also implemented ESG because it contributes to the environment and society (91%), to meet regulations (86%), to maintain reputation (80%), and as a business strategy (70%).
A smaller proportion of respondents implemented ESG solely due to pressure from shareholders, investors, or clients, as shown in the graph.
Nevertheless, many companies still face challenges in ESG implementation, such as difficulty in achieving performance indicators, cost constraints, and a lack of understanding of the issues.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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