PT. Gunung Raja Paksi Tbk

钢铁行业被认为有能力提高可持续性标准

JAKARTA, Investor.id – Indonesia’s steel industry is considered capable of elevating sustainability standards in its operations. This is demonstrated by PT Gunung Raja Paksi Tbk (GRP/GGRP), which has improved its climate change score from C in 2023 to B- in the 2024 Disclosure Cycle.

This assessment was issued by CDP, formerly known as the Carbon Disclosure Project, a global non-profit organization that manages the world’s leading environmental disclosure system. This achievement marks a major milestone in GRP’s sustainability journey. As recorded in CDP's score data, GRP is above the global average.

GRP President Director Fedaus stated that this accomplishment provides a positive push for the sustainability efforts of Indonesia’s steel industry. GRP believes that national industry players have the capacity to continue raising sustainability standards.

“This result signals that the steps we’ve taken are on the right track, and we will continue striving to adapt as global sustainability standards evolve,” said Fedaus, as quoted on Saturday (June 7, 2025).

He added that to better align with CDP’s stringent disclosure requirements and criteria, GRP has actively contributed to the development of national policy in Indonesia. For example, through collaboration with the Ministry of Industry in developing green industry standards, and with the Ministry of Trade regarding the Carbon Border Adjustment Mechanism (CBAM).

As part of GRP’s decarbonization strategy development and implementation, he explained that the company has partnered with the International Finance Corporation (IFC), a member of the World Bank Group. IFC has provided advisory services to GRP that resulted in a series of initiatives and workshops aimed at strengthening the company’s decarbonization strategy and implementation based on global best practices.

According to him, low-emission operations have become the core of GRP’s business approach. This includes the use of electric arc furnace (EAF) technology and scrap-based materials, which significantly reduce carbon emissions compared to conventional steelmaking methods.

Furthermore, Fedaus noted that through transparent risk disclosures, active involvement in public policy, industry collaboration, and strong corporate governance, GRP has also built a solid foundation for achieving further progress in its decarbonization goals.

GRP’s Chief Transformation Officer Kelvin Fu emphasized that the improved CDP score reflects CDP’s recognition of GRP’s growing alignment with global best practices. For the company, sustainability is not just a checklist, but a continuous journey that requires thoughtful action and a long-term perspective.

Amid rising global demands for decarbonization and accountability in the steel industry, GRP’s improved CDP score reinforces its role as an industry leader. The company continues to make positive progress in integrating climate considerations into its business strategy and risk management, as all companies should.

Kelvin added that as the global steel industry continues to transform, CDP scores have become a benchmark for credibility and commitment. He affirmed that GRP remains future-oriented, consistently investing in low-carbon technologies and upholding international environmental standards.

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