INA seeks to integrate its ESG principles and standards throughout the investment lifecycle ..."
Background and purpose
Responsible investment is critical to INA's mandate to set the foundations for Indonesia's successful and sustainable development, as well as provide long-term, risk-adjusted value for our investment assets and partners.
INA believes responsible investments that seriously take into account Environmental, Social and Governance (ESG) factors will create greater benefits for our investment partners, stakeholders, and future generations of Indonesia.
We are mindful of our responsibilities and aim to minimize ESG associated risks, in delivering added value growth.
INA continuously aligns our ESG framework with the Government of Indonesia's commitment to sustainable development as well as with global governance and sustainability practices to drive positive and measurable impact:
- As a full member of International Forum of Sovereign Wealth Funds (IFSWF), INA is committed to fulfilling the 24 Generally Accepted Principles and Practices (GAPP) for sovereign wealth funds referred to as the Santiago Principles.
INA integrates its ESG principles and standards throughout the investment lifecycle.
ESG due diligence is carried out along with other due diligence processes such as financial, legal and technical. In 2022, ESG due diligence was conducted on six companies in a number of key sectors including infrastructure, healthcare and digital services.
Our ESG focus areas
INA has prioritized 12 ESG focus areas to guide our screening and due diligence process and determine monitoring areas for INA to track the progress of our portfolio companies. Additionally, we consider particular focus areas or metrics that are pertinent to specific sectors.
Developing our ESG-themed Investment
INA is actively exploring green and transformation sector investment opportunities as part of our commitment to address climate and sustainability issues. This is part of INA's efforts to support the Indonesian government in the transition towards low carbon emissions and more sustainable development. In 2022, we began to identify a number of prospective investments in renewable energy, energy transition and nature-based solutions. INA will continue to promote and explore this particular sector in accordance with our investment mandates, our ESG strategy, and Indonesia's commitment to the sustainability and climate change agenda.