PT Pertamina Geothermal Energy Tbk (PGE) Secures Prestigious Diamond Award at Indonesia Regulatory Compliance Awards 2024
In a momentous occasion, PT Pertamina Geothermal Energy Tbk (PGE) proudly announced that they have been honored with the esteemed Diamond Award at the Indonesia Regulatory Compliance Awards 2024 event held by Hukumonline on May 31, 2024. This accolade serves as a testament to PGE’s unwavering commitment to upholding legal compliance as a core element of good corporate governance and high business integrity.
### PGE’s Commitment to Legal Compliance
The Indonesia Regulatory Compliance Awards 2024 were organized to recognize and appreciate leaders and corporate divisions that have been at the forefront of implementing legal compliance principles. The evaluation criteria highlighted the significance of legal compliance not only as an obligation but also as evidence of a commitment to maintaining good corporate governance practices.
The bestowment of the Diamond Award reflects PGE’s dedication and ongoing efforts to ensure that every operational aspect of the company complies with applicable laws. Through initiatives and hard work, PGE has successfully fostered a work environment that prioritizes compliance as its fundamental foundation.
### Insights from PGE’s Compliance Officer
Indra Tripiadi, Officer II Compliance at PGE, expressed gratitude for the recognition, stating, “On behalf of PGE’s management and Legal & Compliance divisions, I thank you for this award. We understand that a corporation’s adherence to regulations and Good Corporate Governance (GCG) aspects is crucial to ensuring the sustainability of business processes, enabling prudence, and adding value to stakeholders in renewable energy development.”
Indra further emphasized that the company’s strong compliance performance is supported by a specialized system for identifying and monitoring compliance with regulations. PGE utilizes the Regulatory Compliance System (RCS) dashboard, allowing employees to internally monitor compliance with regulations within their respective jurisdictions.
### The Significance of Good Corporate Governance
Julfi Hadi, CEO of PGE, highlighted that the implementation of good corporate governance (GCG) is vital for ensuring long-term business sustainability. GCG at PGE is not merely a compliance requirement but a commitment to conducting business responsibly and fulfilling Environmental, Social, and Governance (ESG) aspects.
“We believe that legal compliance and business integrity are inseparable aspects of a company’s long-term success. With every step we take, we are dedicated to upholding good corporate governance as an integral part of our corporation,” stated Julfi, emphasizing the importance of ethical business practices in driving prosperity and trust within the industry.
In conclusion, PGE’s recognition with the Diamond Award underscores their leadership in regulatory compliance and commitment to upholding the highest standards of legal and ethical conduct in the pursuit of sustainable energy development. This achievement serves as a beacon of inspiration for other companies striving to achieve excellence in corporate governance and regulatory adherence.
