Jakarta, Indonesia – Enggartiasto Lukita, Chairman of B-Universe, has highlighted the increasing importance of ESG (Environmental, Social, and Governance) principles in attracting foreign investment to Indonesia. Speaking at the "Investor Daily Indonesia ESG Appreciation Night 2024," Lukita emphasized that Indonesian companies prioritizing sustainability through ESG practices are more likely to secure foreign investments.
He noted that ESG has become a crucial factor for investors, and he expects this award ceremony to boost confidence in Indonesian companies and attract more global investment. "While a lot of investments have already been secured, investors are increasingly concerned about how ready and committed a country is to ESG principles," Lukita said after the event, held at The Westin Hotel in Jakarta on Monday.
The event was organized to recognize companies committed to sustainability, social responsibility, environmental management, and good corporate governance. Lukita also underscored the role of the media in supporting ESG principles, saying that it not only contributes to environmental sustainability but also helps maintain Indonesia's investment climate. He urged local governments to join these efforts.
"As media, we have a responsibility to encourage the business community to continue addressing environmental issues. We also want local governments to join these efforts," he added.
Ahmad Deni Daruri, founder of the Bumi Global Karbon Foundation (BGKF) which supported the event, expressed his full support for such initiatives. Deni suggested that B-Universe should urge the government to reward companies that excel in ESG practices.
"I think B-Universe should encourage the government to provide rewards, such as tax breaks, for companies that excel in ESG practices," Deni said. "They incur significant costs to implement strong ESG practices, so such support would be meaningful."
Deni also emphasized the need for collective support for such innovative events to raise awareness about ESG. He believes that government support, such as tax breaks, would further incentivize companies to improve their ESG performance.
"We need to support these innovations together, such as media and foundations encouraging companies to strengthen their ESG efforts. At the very least, we should provide incentives such as tax breaks for excellent ESG practices," Deni added.
The event marked the second awards ceremony organized by Investor Daily in collaboration with the BKG Foundation, which is a member of the Global Reporting Initiative (GRI) and a supporting member of the Task Force on Climate-related Financial Disclosures (TCFD). BKG conducted the assessments based on company publications and the Greenhouse Gas (GHG) Protocol.
The awards ceremony recognized companies' commitment to environmental, social, and governance principles across seven categories. The event aims to encourage companies to continue their efforts in environmental and social responsibility while creating an investment environment that aligns with sustainable development goals.
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