Implementation of ESG as a Strategy for Business Sustainability in a Public-Listed Tobacco Company in Indonesia
Journal Title: International Journal of Current Science Research and Review - Year 2024, Vol 7, Issue 06
Abstract
Environmental, Social, and Governance (ESG) has been introduced to the business communities for the past two decades. It has grown in importance as a framework for measuring a company’s sustainability and as a guide for investment decision-making. In Indonesia, the publicly listed companies at the Indonesia Stock Exchange (IDX) have been required to implement and report ESG practices since 2021 through a regulation issued by the Financial Services Authority (OJK) in 2017. Among those is a tobacco company operating in Indonesia, PT HM Sampoerna Tbk. (Sampoerna/The Company/IDX: HMSP) that has been an affiliate of an international tobacco company, Philip Morris International (PMI), since 2005. The tobacco industry’s ESG implementation is particularly interesting due to the adverse externalities generated by its products, which is stated by WHO as one of the biggest issues for public health. This research focuses on analyzing the company’s ESG initiatives and creating improvement strategies in the context of a company operating in the tobacco industry with the objective of maximizing the role of ESG implementation to ensure business sustainability.
Authors and Affiliations
Muthiah . , Yudo Anggoro,
Keywords
Related Articles
- EP ID EP738993
- DOI 10.47191/ijcsrr/V7-i6-88
- Views 11
- Downloads 0
Star-Up Business Development in an Effort to Increase Competitiveness: A Development Research
This research uses a qualitative approach in the form of descriptive research by applying the 4D development model. The main aim of this research is to increase the competitiveness of the Patas Tactical Makassar fashion...
The Significance of Financial Control in Ensuring Targeted Spending in Vocational Education Institutions
This article is devoted to consideration of the significance of financial control in ensuring the targeted spending in vocational educational institutions. Research papers of economists on the concept of financial contro...
Does the Index of Child Right Fulfillment Explain the Children’s Wellbeing in Indonesia?
A safe city for children becomes the evidence of the role and the action of the government to improve children’s well-being. This city also prevents any violence against children by collaborating the roles of the governm...
Contrast-enhanced Computed Tomography Examinations: Discussion of Hydration Protocols for Patients with Altered Creatinine Levels
Computed Tomography (CT) is an imaging diagnostic method that enables the visualization of internal structures in the human body, allowing for the detection of various pathologies that may affect individuals. This examin...
Transformation of Jember Regency, East Java, Indonesia to Become as a MICE Industry in Collaboration with Among Natural and Cultural Advantages
One of the sectors in tourism that is currently the main focus is Meeting, Incentive, Conference, Exhibition (MICE). MICE relates to the organization of business meetings, incentive programs organized by companies, large...