Code of Ethics

CORPORATE CODE OF ETHICS

In building a good relationship with all stakeholders and increasing shareholder value, the Company continues to uphold ethics and integrity values in every business activity of the Company. Therefore, the Company has established a Code of Conduct. The Code of Conduct constitutes written rules that guide ethical/moral values in accordance with the corporate culture.

The Code of Conduct contains the Company’s commitment to various stakeholders of the Company to uphold business ethics and work ethics of the Company’s personnel. The Code of Conduct applies to all personnel of the Company including the Board of Commissioners, Board of Directors, employees and other individuals or institutions associated with the Company’s business.

Principles of Corporate Ethics

The Code of Conduct contains general guidelines for relationships between employees and the Company, relationships among employees, relationships with customers, relationships with shareholders, relationships with government, and relationships with the community.

The whole range of the Company should read and comprehend the Code of Conduct as a reference in doing acceptable acts and not doing unacceptable acts. With continuous dissemination and internalization of the Code of Conduct into all elements of the Company and its subsidiaries, employees are expected to better understand how to act.

The Code of Conduct includes:

  1. Business integrity which is in compliance with the applicable regulations.
  2. Not making false statements and false claims primarily related to marketing and negotiations, including costs and expenses, review of specific projects and reporting.
  3. Avoiding conflict of interest, particularly in relation to share ownership, either directly or indirectly, insider trading, using the Company’s assets for personal interest, doing other work outside the Company that could potentially interfere with productivity and providing information that benefits others.
  4. Giving/receiving gifts, as stipulated by the Company’s policy, such as: it should not be in the form of cash or vouchers and worth not more than Rp500,000.
  5. Not receiving or giving any form of bribe.
  6. Not committing fraud such as cheating, embezzling, piracy, misappropriation of assets, transfer of cash and so forth.

Integrity Commitment

The Company implements integrity commitment as a statement of commitment of all levels in the organization to implement CG principles, the Code of Conduct and Code of Ethics, the precautionary principle and internal control in running the business.

To maintain consistent and continuous implementation, the Company monitors through the Compliance, Business Process and Risk Management Division reviews Code of Conduct, Code of Ethics and Corporate Governance Guidelines..

Employees and Industrial Relations

In improving its industrial relations, the Company continues to improve HR quality to develop professional competence. The Company always prioritizes occupational health and safety (K3) and community development, assesses business competition and manages relationships with stakeholders effectively.

Relationship with Business Partners

The Company has policies in managing relationships with customers, suppliers and creditors to cooperate in an honest, open, mutually beneficial manner and to uphold the Company’s reputation by adhering to CG principles and business ethical values.

Relationship with Employees and Government Officials

The Company established policies to maintain good relationships and effective communication with all levels in the government that have authority over the Company’s operations. Employees should wherever possible avoid the misuse and/or not perform actions that are prohibited by laws and against compliance.

Code of Conduct Statement applicable at All Levels of the Organization

The Code of conduct is applied equally to all employees at all levels. Through the implementation of the Code of Conduct, all employees are expected to maintain credibility and the public’s trust in the Company, which is known for its good reputation and reliability.

Dissemination and Enforcement of Code of Conduct to Employees

In order to effectively implement the Code of Conduct, the Company has formed a team consisting of Corporate Secretary as Team Leader, Internal Audit Manager, HRD Manager and all General Managers (GM) for disseminating, implementing and evaluating Code of Conduct implementation on a regular basis. Socialization is given to all employees in all divisions or departments, including the Company’s subsidiaries. Comprehensive socialization is expected to encourage employees to conduct proper behavior that will be the foundation for all of the Company’s activities.

Corporate Culture

The corporate culture is established from the Company’s core values, as the basis for management of the Company and its business units. In practice, the corporate culture is also expected to be a guideline for all employees in conducting their duties and responsibilities in order to achieve the Company’s predetermined objectives.

The Company’s core values that are expected to ground the corporate culture are:

  1. Honesty, loyalty, and dedication
  2. Assertive and friendly
  3. Cooperative and synergy
  4. Fair
  5. Humanitarian