CODE OF ETHIC AND COMPANY CULTURE

 

The Company pays serious attention to fulfil its social and moral obligation to operational environment according ethics which are applicable in Indonesia and also international. Therefore, all members are obliged to run activities with responsible in accordance with norms of law, and the prevailing states laws and regulations.

 

CONTENT OF CODE OF ETHICS

The main points of the code of conduct of the Company consists of Business Ethics and Work Ethics. Business Ethics is a standard of behaviour for the Company as an entity in dealing with stakeholders both inside and outside the Company. Work Ethics is a standard of behaviour for every member of the Company in dealing with all parties.


A. The Company Business Ethics

A. THE COMPANY BUSINESS ET
  1. Relationship with Employees
    • The Company has a commitment to:
      1. comply with all employment obligations as stipulated by the Law,
      2. implement systems and procedures that support employee contribution in achieving the vision and mission of the Company regardless of gender, ethnicity, race, religion or group.
  2. Relationships with Customers
    • The Company has a commitment to:
      1. deliver the best products and services in accordance to official agreement,
      2. pay attention to the views of customers and provide a response as soon as possible.
  3. Relationships with Suppliers
    • The Company has a commitment to:
      1. implement equal and fair systems and procedures for all suppliers,
      2. practices the principle of transparency in all phases of the procurement of goods and services.
  4. Relationships with Competitors;
    • The Company has a commitment to:
      1. apply the principles of healthy competitionaccording to the rules and regulations,
      2. respects the existence of competitors and maintain good relationships appropriate legislation.
  5. Government Relations
    • The Company has a commitment to:
      1. apply the principles of good corporate governance according to the rules and regulations,
      2. enforce all the rules and regulations required in the operations of the Company.
  6. Relations with the Public Interest;
    • The Company has a commitment to:
      1. respect the local customs,
      2. participates in activities that enhance the social value of the Company.
  7. Relationship with Investors and Shareholders;
    • The Company has a commitment to:
      1. provide the Company report that is transparent, accurate and complete as long as not contrary to the interests of the Company,
      2. establish a good relationship with all investors and shareholders through the implementation of equal treatment in accordance with the provisions of the Articles of Association and applicable legislation.
  8. Relationships with Subsidiaries/Joint Ventures;
    • The Company has a commitment to:
      1. implement the Company’s systems and procedures to all business groups,
      2. ensure the operation of all business entity provide added value for the Company and ensure the sustainability of our business.
  9. Relationships with Media;
    • The Company has a commitment to:
      1. apply single system to ensure the accuracy and validity of the information given to the media,
      2. receive input from the media with consideration of possible risk of the Company.

 

B. WORK ETHICS

  1. Compliance with Law; 
    • Every individual in the Company is committed to
      1. comply with all laws and relevant provisions that governing the rights and obligations as good citizens,
      2. comply with all the provisions of the Company Book of Regulations and/or other provisions issued by the Company.
  2. Conflict of Interest;
    • Every individual in the Company is committed to
      1. prevent him/herself in any business that has potential conflict of interest with the Company,
      2. report to the Compliance Unit if he/she found the situation that potentially involve him/her in a conflict of interest with the Company.
  3. Giving and receiving;
    • Every individual in the Company is committed to
      1.   prevent him/herself in provides gift or accept anything contrary to his obligations as a Company’s person,
      2. using the Company’s revenues only for the benefit of the Company’s operations.
  4. Confidentiality;
    • Every individual in the Company is committed to
      1. prevent him/herself from discusses the information or data that is material for the Company to anyone, including family members,
      2. seeks information and data that formally issued according to related regulations and only to the interests of the Company.
  5. Use of Assets and Supervision;
    • Every individual in the Company is committed to
      1. purchase and utilize the Company’s assets effectively and efficiently solely for the benefit of the Company,
      2. reports any indication of violations in the utilization of the Company’s assets.
  6. Occupational Health and Safety
    • Every individual in the Company is committed to
      1. create and maintain a healthy and safe works environment and prevent potential accidents in the workplace,
      2. understand correctly standards and procedures in occupational health and safety that applied in the Company.
  7. Relationships with Co-workers;
    • Every individual in the Company is committed to
      1. maintain harmonious working relationships regardless of ethnicity, race, religion, gender and group differences,
      2. maintain the dignity of the Company’s people within and outside the Company.


THE IMPLEMENTATION OF CODE OF CONDUCT


The Company believes that the code of conducts should be applied consistenlly in all of organization level and in daily Company’s activities. To ensure that, all of the Board of Directors, Board of Commissioners and employees of the Company are required to sign statement of understanding and compliance to the Company code of conduct. Furthermore, the implementation of Company’s code of conduct is stated in the Company Book of Regulation period of 2015 - 2017 which already socialized on January 26, 2016.

 

WHISTLEBLOWING SYSTEM


The Company encourages all of individual in the Company to report any unethical acts or violation of the law in the Company by stating his/her identity at the time of reporting the actions or alleged violation.

 

PROTECTION OF THE WHISTLEBLOWER


The Company guarantees every member who is in good faith reporting unethical behaviour, violation of the law, harassment, ostracism, will not face the employment consequences. Report Handling Every member who experienced or observed unethical conduct or illegal actions, is expected to immediately report it to Compliance Unit either by person, by phone or by email. The Company guarantees the confidentiality of the reporter’s identity during the investigation
process.

Member that has conducted unethical actions or violation of the law will face disciplinary sanction (reprimands, warning, suspensions) until dismissal and possibly to be prosecuted by state. On the other hand, every member is reminded that it is considered an unlawful act if someone reports something that it is not true or not based on facts.

During 2015, the Company did not find any report of any alleged acts that violate the ethical guidelines or laws in the Company.


CONTENT OF THE COMPANY CULTURE

Company culture is demonstrated in form of Company values. The values are becoming a foundation to achieve the Company vision and mission. To align Company activities with its new vision and mission, the Company review
the organization practice and finally evolved with five basic values namely Creativity, Respectability, Excellence, Adaptability and Teamwork. Those values can be summarized as CREATE. remarkable ways and consistently looking for ideas and finding new methods to obtain the best results.

This is an important value for the  Company, because high creativity especially in finding new ways to procure the energy isrequired in more tight competition.

Creativity is the ability to be creative in a remarkable ways and consistently looking for ideas and finding new methods to obtain the best results. This is an important value for the Company, because high creativity especially in finding new ways to procure the energy is required in more tight competition.

Respectability is the quality of the feasibility,  accuracy, ethics and integrity to gain the trust and appreciation in the business. This is necessary because investment business requires high trust of investors and business partners and those should be achieved in positive ways.

Excellence is a tremendous effort and consistently in delivering results and run the business with the optimum quality. This is important because the mediocre products and services will not appeal to the partners and potential business partners.


Adaptability is the ability to make changes effectively in response to changing circumstances. This is necessary because the company needs to adjust itself to handling variety of circumstances as well as with a variety of partners.


Teamwork is the ability to cooperate with others to achieve the targeted results. This is important because of the cooperation both within the organization and with partner organizations is a vital influence to produce the Company’s output.