Maintaining its Sustainability Commitment, Prodia Shares Continue to be Listed in the IDX Kehati ESG Quality 45 Index and the IDX Kehati ESG Sector Leaders Index.
07 Agt 2024
JAKARTA, August 8, 2024 – PT Prodia Widyahusada Tbk (ticker code: PRDA) shares have been relisted in two Environmental, Social, and Governance (ESG)-based stock indices on the Indonesia Stock Exchange. The healthcare issuer's shares remain in the IDX KEHATI ESG Quality 45 Index and the IDX KEHATI ESG Sector Leaders Index for the trading period from June 3, 2024, to November 29, 2024. The KEHATI ESG Index is a select group of stock indices with positive ESG performance and strives to encourage the optimization of sustainable businesses and raise awareness of environmental, social, and good corporate governance management in its business practices. This achievement demonstrates the Company's consistency in implementing sustainability aspects across its business entities to increase added value and maintain business resilience.
Prodia's President Director, Dewi Muliaty, stated, "Prodia's continued inclusion in these two ESG-based indices is a testament to the company's continued efforts to balance business growth and the implementation of sustainability responsibilities. This achievement also reflects Prodia's consistent commitment to implementing business operations based on sustainable values. This commitment is manifested in the Sustainability Blueprint, which we have begun implementing from 2024 to 2030. We hope that the implementation of this Sustainability Blueprint will further boost Prodia's share valuation and foster investor confidence in investing in stocks with strong ESG values, as well as positive and sustainable financial management performance," Dewi explained.
As reported on the Indonesia Stock Exchange website, the IDX KEHATI ESG Quality 45 Index is a group of 45 selected stocks based on a combined assessment of ESG performance, company financial quality, and good liquidity. The company financial indicators assessed are: profitability, measured by Return on Equity (ROE), revenue risk, measured by earnings per share volatility, and financial risk, measured by the company's financial leverage. Furthermore, the IDX KEHATI ESG Sector Leaders Index comprises a group of stocks with ESG performance scores above the sector average and with good liquidity. The industrial sector classification refers to the IDX Industrial Classification (IDX-IC).1
On the same occasion, Prodia's Corporate Secretary, Marina Eka Amalia, stated that this achievement could bring benefits to investors and customers. "These two ESG-based stock indexes can certainly bring benefits to Prodia's investors and customers, including increased trust and credibility in the eyes of investors, transparency in access to investment funds allocated for ESG initiatives, more targeted and structured risk management, and potential for long-term growth. From a customer perspective, these benefits can encourage more responsible service management, ensure high service quality, and encourage efforts to contribute to public health," Marina explained. This marks the third time Prodia's shares have been included in these two ESG indices. Since June 2023, Prodia's shares have been listed in the KEHATI Index, and the company has maintained this achievement.
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