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20231011_TPIA_Laporan Informasi dan Fakta Material_31448008_lamp2.pdf
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Press Release
Officially ISCC Certified for Sustainable Products, Chandra Asri is
Ready to Produce Bio-Based Products
Jakarta, 11th October 2023 – For its consistent implementation of sustainability principles, PT
Chandra Asri Petrochemical Tbk (Chandra Asri) has successfully obtained the International
Sustainability and Carbon Certification (ISCC), a globally recognized sustainability certification
system for environmentally-friendly product production. With the attainment of ISCC,
Chandra Asri's facilities are certified to meet the standards for processing bio-feedstock into
bio-based products, such as Bio-Propylene, Bio-Ethylene, Bio-Crude C4, and Bio-Pygas. This
accomplishment also supports Chandra Asri's efforts in transitioning towards more
sustainable alternative raw material utilization.
Bio-based raw materials have a lower carbon footprint since they come from plants that have
absorbed carbon from the atmosphere. This process balances the carbon dioxide released
during production with the carbon absorbed during plant growth, resulting in a closed-loop
system that reduces greenhouse gas emissions.
ESG & Sustainability Director Chandra Asri, Phuping Taweesarp stated, “By obtaining the
ISCC certification, we are confident in exploring opportunities through our bio-feedstock
utilization plan as an alternative raw material. This proactive approach aims to limit carbon
emissions and reduce our operational impact on the environment. By adopting bio-based raw
materials, we create possibilities for downstream chemical industry partners to collaborate
with us in developing a green chemical industry ecosystem, thereby fulfilling our sustainability
commitments.”
In addition to obtaining the ISCC certification for its bio-based products, Chandra Asri's
commitment to sustainability has also had a significant impact on the Company's ESG risk
ratings. Over the past year, Chandra Asri has achieved an increase in its MSCI rating from BB
to BBB. Furthermore, the Company has successfully maintained its status as a 'Low Risk'
Company according to Sustainalytics, with a reduction in its ESG risk rating from 17.7 to 16.6.
Chandra Asri's stock [Code: TPIA] continues to be listed in the IDX ESG Leaders, as announced
by the Indonesia Stock Exchange.
"Chandra Asri's efforts to obtain the ISCC certification and improve its ESG ratings affirm our
dedication as a business partner who runs business and operations sustainably," Phuping
continued.
Chandra Asri had previously explored the potential for a partnership with PT Nippon Shokubai
Indonesia (NSI) to maximize asset footprint, core competencies, and technologies capabilities
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in creating a new green supply chain at the Chandra Asri and NSI plants in Cilegon, including
the production of bio-based products. This partnership will support the Government's
decarbonization efforts, Long-Term Low Carbon Climate Resilience (LTS-LCCR) strategy for
Indonesia in 2050, and the ambitions of Indonesia's Enhanced Nationally Determined
Contribution (ENDC). It is also aligned with Chandra Asri's Environmental, Social, and
Governance (ESG) framework, known as 'R.E.S.P.O.N.S.I.B.L.E' which serves as the company's
sustainability strategy in integrating risks and opportunities to create sustainable chemical
business practices and infrastructure solutions.
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About Chandra Asri
Chandra Asri Petrochemical is Indonesia’s largest integrated petrochemical company producing
olefins and polyolefins. With a history of 31 years and over 2000 dedicated staff, the company
incorporates state-of-the art technologies and supporting facilities located strategically in the
country’s petrochemical hub, Cilegon and Serang. As a Growth Partner, Chandra Asri is committed on
creating high-value jobs, expanding the domestic petrochemical value chain, and serving the needs of
the vibrant and growing Indonesian market. Chandra Asri is currently expanding its portfolio in the
energy sector and incorporating its asset as well as operational infrastructure to supports the
expansion plan of the second world-scale integrated petrochemical complex in Indonesia, CAP2. For
more information, visit: www.chandra-asri.com
For more information, please contact:
Chandra Asri
Suryandi Chrysanthi Tarigan
Director of HR & Corporate Affairs Head of Corporate Communications
Telp : 021-530 5790 Telp : 021-530 7950
Email : suryandi@capcx.com Email : corporate.comm@capcx.com
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