Fair Operations

Commitment And Policy To Meet Fair Operations

The Company realizes that supporting sustainable development requires the implementation of fair operating principles in order to achieve a balance between people, planet, partnership, and prosperity. The embodiment of the fair operating principle is stated in the Company’s implementation of GCG principles in its every activity by adhering to and complying with all laws and regulations applicable in the Republic of Indonesia.

In addition, in carrying out its business processes, the Company is committed to maintaining healthy business competition in accordance with the applicable laws and regulations and upholding the principles of efficiency, effectiveness, competition, transparency, fairness and reasonably, and accountability. Currently, the Company already has policies, either published by the Company or adopting the compliance guidelines issued by HeidelbergCement Group (“Group Compliance Guidelines”), to support the implementation of social responsibility related to fair operations, among others:

  1. Anti-Corruption and Gratification Policies;
  2. Company’s Code of Conduct;
  3. Trade Sanctions Policy;
  4. Anti Money Laundering Policy;
  5. Healthy Business Competition Policy;
  6. Policies related to Appreciation for Copyright and Intellectual Property;
  7. Policies related to Political Activities; and
  8. Indocement Code of Conduct; and
  9. Policies are related to Shareholders, Investors, and/or Communication Media Communication.

The Group Compliance Guidelines and Indocement Code of Conduct are intended as anticipatory steps to prevent Company Personnel from engaging in practices is contrary to the principle of fair operation. A more detailed discussion on the Group Compliance Guide and Indocement Code of Conduct is found in the Corporate Governance section of this report