Cikarang Listrindo (IDX: POWR) Enters the SRI-KEHATI, PEFINDO25 and KOMPAS100 Indexes

Public News|November 26, 2021

Jakarta, November 26, 2021 - PT Cikarang Listrindo Tbk was again included in the list of companies on the SRI-KEHATI Index for the period December 2021 - May 2022. The SRI-KEHATI Index selects 25 listed companies with the best performance in Sustainable and Responsible Investment (SRI) efforts. 

The chosen of the Company, after going through a rigorous selection by the Indonesia Stock Exchange (IDX) and the Indonesian Biodiversity Foundation (KEHATI), is a clear proof of the Company's commitment to sustainable business management efforts and care for the environmental, social and good corporate governance.

In addition, the Company is also proud because for the first time was included as one of the Company in the PEFINDO25 and KOMPAS100 indexes for the period up to January 2022, based on the results of a minor evaluation conducted by the IDX and come into effect on November 1, 2021. 

The PEFINDO25 index is managed by the IDX and PT Pemeringkat Efek Indonesia (PEFINDO), which selects 25 listed company shares with the best potential development based on financial and liquidity performance.

Meanwhile, KOMPAS100 is managed by the IDX and the media Kompas Gramedia Group, which selects 100 listed company shares with high liquidity and large market capitalization, as well as stocks with good fundamentals and performance. The 100 company shares included in Kompas100 are estimated to represent around 70-80% of the total market capitalization value of all shares listed on the IDX.

This achievement become motivation for the Company to continuously improve the quality of sustainable business implementation, including maintaining good financial and liquidity performances. 

The Company express its gratitude to thank the Kehati Foundation, Pefindo and media Kompas Gramedia Group for inclusion of the Company in the joint Index list and for trusting the Company's commitment to sustainable management that has been carried out. 

The Company will continue to make positive contributions to all stakeholders through the implementation of good business and support for the improvement of environmental conservation and sustainable development of Indonesia. 

Source: Warta Ekonomi (English version translated by the Company)