Jakarta, 29 August 2022 – PT Lippo Karawaci Tbk ("LPKR" or "Company"), Indonesia’s leading real estate and healthcare platform based on revenue, has pledged its commitment to the United Nations (UN) Global Compact as of August 2022. This formalizes the Company’s commitment to support the UN’s sustainability agenda, in line with its ongoing efforts to champion ESG (Environmental, Social, and Governance) principles in Indonesia’s real estate and healthcare sectors.
As the world’s largest corporate responsibility initiative, the UN Global Compact seeks to mobilize companies and organizations around the world to support the Compact’s Ten Principles in the areas of human rights, labour, environment, and anti-corruption, as well as take strategic actions to advance the UN Sustainable Development Goals (SDGs). The Company joins a global network of over 15,000 signatories from more than 160 countries.
CEO of LPKR, John Riady said, "At Lippo Karawaci, we are driven by the collective vision to advance the well-being of those we serve – be it our customers, the communities we operate in, or our own people. We have made significant strides to embed the principles of sustainability advocated by the United Nations in our business policies and practices. This includes incorporating the UN SDGs in our Sustainability Framework, taking active steps to support Indonesia’s 2030 Agenda for Sustainable Development, and disclosing our ESG performance in our annual Sustainability Report.
By becoming a signatory of the UN Global Compact, we are formalizing our commitment to accelerate our sustainability efforts and enhance accountability going forward. We believe that this is an important step to building a strong culture of corporate responsibility and sustainability that will ultimately create positive impact for our stakeholders throughout Indonesia.
We are proud to be part of this global initiative, and to support the Indonesia Global Compact Network. We look forward to playing an active role in advancing the UN’s sustainable development agenda in Indonesia.”
For more information on UN Global Compact, visit: https://www.unglobalcompact.org/
About Lippo Karawaci (“LPKR”) (www.lippokarawaci.co.id)
Listed on the Indonesia Stock Exchange, Lippo Karawaci (“LPKR”) is Indonesia’s leading real estate and healthcare platform, with a presence in 44 cities across Indonesia and total assets of US$3.6 billion at 31 December 2021. Our core business comprises urban residential developments, lifestyle malls and healthcare. We are also actively involved in integrated developments, hospitality, township development and management, as well as asset management services.
As a leading real estate developer and township operator with 1,332 ha of landbank ready for development, LPKR develops and manages urban developments primarily in Java and Sulawesi, including at our flagship township Lippo Village in Tangerang. Through LPKR’s two publicly listed subsidiaries, PT Lippo Cikarang Tbk and PT Gowa Makassar Tourism Development Tbk, of which we own 84.0% and 62.7% respectively, we also develop and manage the townships of Lippo Cikarang in Bekasi and Tanjung Bunga in Makassar.
In addition, LPKR owns 57.9% of PT Siloam International Hospitals Tbk, Indonesia’s leading private hospital network, with 41 hospitals in 30 cities nationwide. Aside from healthcare, we manage 59 malls across Indonesia, and hold a 47.3% stake in Lippo Malls Indonesia Retail Trust, a Singapore-listed REIT with S$1.81 billion of assets under management as of December 31, 2021. We also operate 10 hotels under the Aryaduta brand, including a country club and golf course.
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For more information, please contact:
Sustainability:
Jonathan Lian
Head of Sustainability
Jonathan.Lian@lippokarawaci.co.id
Office: +622125669000
Corporate Communications:
Nuke Prabandari
Head of Corporate Communications
Nuke.Prabandari@lippokarawaci.co.id
Office: +622125569000