PT. Gunung Raja Paksi Tbk

GRP 通过参与加速绿色经济全国对话支持绿色转型

Jakarta, December 5, 2024 – PT Gunung Raja Paksi Tbk (GRP), one of Indonesia’s largest private steel producers, reaffirms its commitment to sustainability by participating in the National Dialogue on Accelerating Green Economy Transformation. This event is part of the United Nations Partnership for Action on Green Economy (PAGE) program, organized by the Ministry of National Development Planning (BAPPENAS) in collaboration with five UN agencies: UNDP, ILO, UNIDO, UNEP, and UNITAR.

The event was opened by Deputy Minister of National Development Planning/BAPPENAS, Febrian Alphyanto Ruddyard, who emphasized the importance of green economic transformation to achieve the Indonesia Emas 2045 vision. He stated that transitioning the economic structure toward more productive sectors must be accompanied by investments in green infrastructure and environmentally friendly jobs. “Green economic strategies aim to achieve social welfare and environmental sustainability while ensuring sustainable development,” said Febrian.

As part of its support for this agenda, GRP’s President Director, Fedaus, spoke in a session titled Sharing Session: Best Practices and Local Initiatives under the theme Best Practices in Green Industry Initiatives. During his presentation, Fedaus outlined GRP’s innovative efforts to support low-carbon development. “As one of Indonesia’s steel companies, we believe transitioning to a green economy must be a priority. With GRP’s comprehensive sustainability strategies, including the ESG Strategy Handbook and Net Zero Roadmap, we are committed to driving change toward a greener future, particularly for the national steel industry,” said Fedaus.

GRP highlighted several key initiatives:

  1. Utilizing Renewable Energy: GRP operates one of the largest rooftop solar power plants in West Java, with a total capacity of 9.3 MWp. This initiative is set to expand to 33 MWp by 2025, potentially reducing 47,400 tons of CO2 annually.
  2. Investments Supporting Decarbonization: GRP secured a $60 million loan from the International Finance Corporation (IFC), part of the World Bank Group and the largest global development institution focused on private sector growth in emerging markets. This marks IFC’s first investment in the Asian steel sector in over a decade. The funding will enhance GRP’s production capacity for low-carbon steel sheets using Electric Arc Furnace (EAF) technology, which utilizes scrap materials to produce high-quality steel with significantly lower emissions than Non-EAF technologies.
  3. Commitment to Transparency: GRP consistently improves its sustainability reporting through enhanced ESG risk ratings and participation in CDP Disclosure, ensuring accountability and positive impacts on the company’s decarbonization journey.

Recognition for GRP’s Strategic Role
As part of the event, GRP received an award for its contributions to green economic transformation. This recognition reflects GRP’s efforts to drive innovation and best practices for sustainability, solidifying its position as a leader in Indonesia’s low-emission steel industry.

“We believe collaboration and innovation between private companies, the government, and other stakeholders are key to achieving an inclusive and sustainable green economy. Therefore, we remain committed to supporting sustainability initiatives locally and globally to create a positive impact on the environment, society, and the economy,” concluded Fedaus.