Chandra Asri Group Achieves Improved ESG Rating from MSCI and Morningstar Sustainalytics

Chandra Asri Group has improved its ESG (Environment, Social, and Governance) ratings from international organizations MSCI and Morningstar Sustainalytics. This improvement strengthens the company's position with MSCI's ESG rating score at BBB and shows an improvement in the ESG Risk Rating from Morningstar Sustainalytics through a decrease in risk score from 16.6 to 16.3. This achievement reflects Chandra Asri Group's commitment to sustainability and places the company in the top-rated ESG category globally in the chemical industry. In addition, this result opens up greater opportunities to access sustainable financing, including Sustainability-Linked Loans (SLL).

Chandra Asri Group's Head of ESG & Sustainability, Andang Pungkase, said that this achievement results from the company's commitment to proactively managing environmental and social impacts and transparent governance. Chandra Asri Group also successfully maintained its International Sustainability & Carbon Certification (ISCC) certification for the second time, which marks recognition of the company's facilities' success in producing environmentally friendly products from bio-feedstock. Through these achievements, Chandra Asri Group continues to be committed to increasing more efficient energy use and driving innovation in using sustainable feedstocks, such as Bio-Propylene and Bio-Ethylene, to support the energy transition agenda and national climate targets.