One of Southeast Asia’s largest steel companies aims to give back to local community by supporting academic research and action on the green economy
Gunung Raja Paksi (GRP), one of Southeast Asia’s largest privately-owned vertically integrated steel companies, today announces its collaboration with the Institut Pertanian Bogor (IPB University) in an effort to strengthen the education institution’s environmental, social, and governance (ESG) efforts. GRP has been at the forefront of policies on eco-sustainability and climate change following its decision to set up a Transparent, Accountable, and Professional (TAP) management framework earlier this year. As a sign of its continued commitment to ESG, GRP has now signed a Memorandum of Understanding (MoU) with IPB University’s Sharingyuk social mobilisation community.
The collaboration aims to support research into environmental preservation by tapping the university’s pool of academic expertise. GRP will work closely with IPB University in a bid to strengthen the public-private ecosystem in Indonesia and foster a national green economy agenda. Mr Kimin Tanoto, Commissioner of Gunung Raja Paksi and a firm advocate for the Green Economy, currently leads the ESG Task Force for the Indonesian Iron and Steel Industry Association, and has plans to invest in new technologies that reduce the carbon footprint of the manufacturing sector.
Kimin Tanoto, Commissioner of Gunung Raja Paksi, said: “I’m delighted to partner with IPB University on this important ESG initiative. Our joint focus is on educating, inspiring, and empowering businesses in Indonesia to rise to the challenge of transforming the economy for a greener and more socially-responsible tomorrow. My hope is that the actions taken by GRP and IPB University today will serve as an example to other public-private partnerships businesses across the country, and encourage more positive action to be taken on not only climate change but a range of ESG issues that must now become business priorities.”
Dr Asep Taryana S.TP., MM of Institut Pertanian Bogor, said: “Companies that place a focus on the environment and focus on sustainability such as GRP play an important role in contributing to the positive social impact on its employees, communities and the environment. This collaboration with IPB is very strategic as it is in line with the advancement of ESG goals.