business

SCG Promotes Green Growth, Integrating Economic Development And Environmental Sustainability

Economic growth traditionally focuses on income and investment indicators, often overlooking environmental perspectives. To address this, SCG, a regional business leader with diverse business units, promotes the integration of economic activities and environmental sustainability to achieve "Green Growth." This initiative was highlighted at the ESG SYMPOSIUM 2024 INDONESIA: INCLUSIVE GREEN GROWTH FOR GOLDEN INDONESIA, held today (November 19) at The St. Regis Jakarta.

SCG believes that environmental resilience and stability are key to national resilience in reaching the "Golden Indonesia 2045" development goals and achieving Net Zero Carbon Emission by 2060, while also preparing for future crises. During this event, SCG encourages collaboration among various stakeholders, including the government, industry players, academics, and the community, to tackle environmental issues such as deforestation, water, air, and soil pollution, climate crises, and resource scarcity.

Thammasak Sethaudom, President & CEO of SCG, stated, "Sustainability is not an end goal but the essence of SCG's business. As a significant economic contributor, we continuously explore initiatives to implement sustainable end-to-end operations and business practices. This includes creating green product innovations and building green infrastructure in Indonesia. We support the Golden Indonesia 2045 plan as a strategic national development initiative that encompasses transformation across all sectors, including the environment. This vision can be realized through structured collaboration, and we are ready to be a key partner for Indonesia."

Vivi Yulaswati, Deputy for Maritime Affairs and Natural Resources at the National Development Planning Agency (Bappenas), added, "The Indonesian government supports a green economy to reduce cumulative emissions by 51.5% by 2045, create decent jobs, and attract investments."

ESG is becoming a key driver for achieving sustainability, as interest from investors and consumers in sustainable values grows. We hope this ESG Symposium will encourage collaboration across sectors, with the government providing supportive regulations and industries speeding up innovations for a green economic transition.

Eniya Listiani Dewi, Director General of New Renewable Energy and Energy Conservation at the Ministry of Energy and Mineral Resources, stated, “Future energy policies will focus on energy resilience and a fair energy transition through energy efficiency, accelerating new renewable energy, and low-carbon development.

To reach Net Zero Emission (NZE), renewable energy needs to be tripled, and energy efficiency doubled, with geothermal energy being a key resource due to its potential of 23 GW. The ESG framework must be continuously improved to attract more investments, minimize risks, and significantly promote energy savings. The government will also expedite licensing and increase the internal rate of return (IRR) by 1.5% to support sustainable energy transformation."

During this event, SCG introduced its latest innovation, Low Carbon Cement, which will be marketed in Indonesia under the brand “Bezt Eco Friendly Cement.” The manufacturing process of this product uses renewable energy and recycled materials like slag cement, fly ash, and industrial waste.

In its formulation, SCG incorporates CACO3 Calcium Carbonate to enhance concrete strength and gypsum to slow down cement hardening. This production process and formulation have successfully reduced CO2 emissions by up to 50 kg per ton. The product achieved a 95% score on the Green Label certification and an SNI score of 127% for durability, which is 7% higher than similar-priced products.

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Tag: Bappenas CACO3 Calcium Carbonate SCG