Indonesian steel maker PT Gunung Raja Paksi has announced the launch of their new Environmental, Social and Governance Strategy Handbook, with the set-up of a new Sustainability Department aimed at addressing rising concerns about climate change and social issues, such as equality and human rights. The ESG Strategy Handbook was developed from GRP's partnership with multinational consultancy firm, Environmental Resources Management.These announcements are in line with industrial and regional shifts towards sustainability, including the Government of Indonesia's goal to reach net zero by 2060 or sooner. To guide the Sustainability Department, GRP has released its ESG Strategy Handbook that outlines the ambitions and key steps that the company will take towards sustainable steel production. This builds on GRP's existing efforts, such as having their products certified by globally recognised standards, and their recent purchase of carbon credits - making them one of the first steelmakers in the region to do so. Aligning with international standards such as the Sustainable Development Goals, the Global Reporting Initiative and ResponsibleSteelTM Principles, GRP has built its ESG goals around these five pillars:1. Responsible Procurement: Have majority of their key suppliers have their own policy on responsible conduct or operations2. Environmental and Social Compliance: Attain a high level of environment and social compliance across GRP operations3. Energy Transition and Low Carbon Solutions: Achieve a well-below 2°C-aligned science-based target for greenhouse gas reduction and towards certified products4. Contributing to Responsible Environmental Management: Minimise adverse impact on human and the environment across all production sites5. Nurturing Talent: Maintain a supportive workplace for talent cultivation and career development These five pillars are focused on driving efforts and providing guidance on priority actions when it comes to producing steel. They are also aimed at mitigating the impacts that came from the development of the steel industry such as the shortage of raw materials and supply chain issues. GRP's business has been on the path towards sustainable steel production. The formation of the new sustainability department, headed by GRP's Head of Sustainability, Ms Sheren Omega, has been tasked with developing the company's strategy as they venture into sustainable steel production. She has also played an active role in transforming GRP's business processes and technologies. Through her contributions, GRP managed to achieve record profits in 2021. Prior to GRP, Ms Sheren was a Manager for PwC Indonesia where she has executed key risk management and business process review projects in various industries ranging from manufacturing, telecommunication to non-profit organisations. PT Gunung Raja Paksi is part of the Gunung Steel Group, which is one of Indonesia's major private steel businesses. It began its operations in 1970 in Medan in North Sumatra by producing steel, than progressed to manufacture steel beams and sheets. With over 50 years of steel industry experience and a production capacity of 2.2 million tonnes of high-quality steel annually approved by local and international certifying company
Indonesian steel maker PT Gunung Raja Paksi has announced the launch of their new Environmental, Social and Governance Strategy Handbook, with the set-up of a new Sustainability Department aimed at addressing rising concerns about climate change and social issues, such as equality and human rights. The ESG Strategy Handbook was developed from GRP's partnership with multinational consultancy firm, Environmental Resources Management.These announcements are in line with industrial and regional shifts towards sustainability, including the Government of Indonesia's goal to reach net zero by 2060 or sooner. To guide the Sustainability Department, GRP has released its ESG Strategy Handbook that outlines the ambitions and key steps that the company will take towards sustainable steel production. This builds on GRP's existing efforts, such as having their products certified by globally recognised standards, and their recent purchase of carbon credits - making them one of the first steelmakers in the region to do so. Aligning with international standards such as the Sustainable Development Goals, the Global Reporting Initiative and ResponsibleSteelTM Principles, GRP has built its ESG goals around these five pillars:1. Responsible Procurement: Have majority of their key suppliers have their own policy on responsible conduct or operations2. Environmental and Social Compliance: Attain a high level of environment and social compliance across GRP operations3. Energy Transition and Low Carbon Solutions: Achieve a well-below 2°C-aligned science-based target for greenhouse gas reduction and towards certified products4. Contributing to Responsible Environmental Management: Minimise adverse impact on human and the environment across all production sites5. Nurturing Talent: Maintain a supportive workplace for talent cultivation and career development These five pillars are focused on driving efforts and providing guidance on priority actions when it comes to producing steel. They are also aimed at mitigating the impacts that came from the development of the steel industry such as the shortage of raw materials and supply chain issues. GRP's business has been on the path towards sustainable steel production. The formation of the new sustainability department, headed by GRP's Head of Sustainability, Ms Sheren Omega, has been tasked with developing the company's strategy as they venture into sustainable steel production. She has also played an active role in transforming GRP's business processes and technologies. Through her contributions, GRP managed to achieve record profits in 2021. Prior to GRP, Ms Sheren was a Manager for PwC Indonesia where she has executed key risk management and business process review projects in various industries ranging from manufacturing, telecommunication to non-profit organisations. PT Gunung Raja Paksi is part of the Gunung Steel Group, which is one of Indonesia's major private steel businesses. It began its operations in 1970 in Medan in North Sumatra by producing steel, than progressed to manufacture steel beams and sheets. With over 50 years of steel industry experience and a production capacity of 2.2 million tonnes of high-quality steel annually approved by local and international certifying company
