Steel Pipe Industry of Indonesia Tbk 2024 AR2
The report highlights PT Steel Pipe Industry of Indonesia Tbk's (SPINDO) performance in 2024, during which the company achieved a record net profit of IDR 530 billion, representing a 6.4% growth from 2023. A major milestone was the issuance of a IDR 1 trillion Sustainability-Linked Bond, fully guaranteed by the Credit Guarantee & Investment Facility (CGIF), making it the first of its kind in Indonesia. On the environmental front, SPINDO expanded its solar cell capacity at Unit 6 and officially commissioned a 1,030 kWp solar installation at Unit 5, significantly reducing carbon emissions. Additionally, the company launched its first thematic CSR initiative, 'SPINDO for Clean Water,' to build clean water infrastructure in Pacitan Regency.
Company: Steel Pipe Industry of Indonesia Tbk
Sector: Materials
Country: Indonesia
Year: 2024
Type: AR2
Pages: 421
Steel Pipe Industry of Indonesia Tbk
Annual Report
The report highlights PT Steel Pipe Industry of Indonesia Tbk's (SPINDO) performance in 2024, during which the company achieved a record net profit of IDR 530 billion, representing a 6.4% growth from 2023. A major milestone was the issuance of a IDR 1 trillion Sustainability-Linked Bond, fully guaranteed by the Credit Guarantee & Investment Facility (CGIF), making it the first of its kind in Indonesia. On the environmental front, SPINDO expanded its solar cell capacity at Unit 6 and officially commissioned a 1,030 kWp solar installation at Unit 5, significantly reducing carbon emissions. Additionally, the company launched its first thematic CSR initiative, 'SPINDO for Clean Water,' to build clean water infrastructure in Pacitan Regency.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English, Indonesian
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees