The Jakarta Post, Jakarta
In recognition of its transparency in reporting and commitment to social-environmental sustainability, Indonesia's biggest coal mining firm, PT Kaltim Prima Coal (KPC), was presented with the 2007 sustainability award at the third annual Indonesian Sustainability Report Awards (ISRA) on Thursday.
Previous winner and automotive kingpin PT Astra International Tbk took second place this year, while new entrant PT Riau Andalan Pulp & Paper took both the Best Social & Environmental Reporting and the Best Website awards.
The awards, which were this year held in conjunction with the second Sustainable Enterprise Performance Conference (SEPC 2007), which closes today, consist of five categories: Best Sustainability Reporting, Best Environmental and Social Reporting, Best Environmental Reporting, Best Social Reporting, and Best Website.
State-owned coal miner PT Tambang Batubara Bukit Asam took second place in the Social and Environmental Reporting category, while another state mining firm, PT Aneka Tambang, took the award for Best Environmental Reporting, with PT Pembangunan Jaya Ancol Tbk coming second in this category.
Indonesia's largest telecoms firm, PT Telekomunikasi Indonesia (Telkom) and its main competitor, Indosat, came first and second, respectively, in the Social Reporting category.
Special commendations for first-time participants were awarded to PT Indah Kiat Pulp & Paper, PT International Nickel Indonesia and PT Timah.
Seventeen state-owned enterprises and private companies participated this year at the event, yet only 11 were selected for consideration by a 14-strong panel of judges representing multiple stakeholders.
These include the State Ministry for the Environment, the Capital Market Supervisory Agency, the Jakarta Stock Exchange (JSX), the Indonesian Center for Sustainable Development, the Indonesian Business Link, and the Corporate Forum for Community Development.
The winners were selected after a careful evaluation of their 2006 annual reports, including reports on socio-environmental sustainability, interviews, and corporate social responsibility-compliant company websites.
The ISRAs were first organized in 2005 by the Indonesian Institute of Accountants (IAI-KAM), with the aim of affording recognition to institutions that routinely report and publish their environmental, social or integrated sustainability practices.
The awards are also intended to encourage reporting, increase corporate accountability and emphasize corporate responsibilities to key stakeholders, and to heighten awareness of corporate transparency and disclosure issues.
The IAI-KAM, an independent professional organization of management accountants established in 1987, has been actively involved in promoting sustainability management and CSR reporting among Indonesia companies and universities since 2004.
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