Chandra Asri Receives ISCC Certification and Achieves Improvement in ESG Score

For its consistent implementation of sustainability principles, 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. In addition to obtaining ISCC certification, Chandra Asri has improved its MSCI rating from BB to BBB. Furthermore, Chandra Asri has successfully maintained its status as a company with "Low Risk" according to Sustainalytics, with a decrease in its ESG risk level from 17.7 to 16.6. Chandra Asri's stock [Code: TPIA] also remains listed in the IDX ESG Leaders lineup announced by the Indonesia Stock Exchange.