• Lippo Karawaci – Indonesia’s leading real estate and healthcare group – joins over 100 leading multinational companies in pledging its support for the World Economic Forum (“WEF”) Stakeholder Capitalism Metrics, a universal set of environmental, social, and governance (“ESG”) metrics that serves to streamline global sustainability reporting.
• Lippo, amongst the first Southeast Asian Corporates to pledge its commitment to the WEF Stakeholder Capitalism Metrics, is one of the longest-standing partners of WEF and a member of the WEF International Business Council.
• Lippo Karawaci aspires to be an ESG leader in Indonesia’s real estate and healthcare sectors through promoting the principles of Stakeholder Capitalism, adopting ESG best practices, and enhancing its sustainability reporting.
• Lippo Karawaci commits to creating long-term value for all its stakeholders, and accelerating Indonesia’s progress towards the United Nations Sustainable Development Goals.
Jakarta, 7 February 2022 – PT Lippo Karawaci Tbk ("LPKR" or "Company"), Indonesia’s leading real estate and healthcare platform based on total assets and revenue, has stepped up efforts to champion sustainability by pledging its support for the World Economic Forum (“WEF”) Stakeholder Capitalism Metrics.
An initiative by the WEF International Business Council, the WEF Stakeholder Capitalism Metrics were conceived as a universal set of environmental, social and governance (“ESG”) metrics to streamline global sustainability reporting. Building upon existing ESG standards, the Stakeholder Capitalism Metrics are organized around four key pillars: Governance, Planet, People and Prosperity.
The principles of Stakeholder Capitalism are closely aligned with LPKR’s corporate mission to create long-term value for all its stakeholders, above and beyond its shareholders. Driven by its vision to grow in stewardship and transform people’s quality of life, LPKR strives to be a sustainable and socially responsible company that plays an active role in meeting human needs across every aspect of life. The Company provides accessible and affordable housing, healthcare and leisure for all, empowers its employees and the communities it operates in, promotes good corporate governance, as well as make significant contributions to the national economy and sustainability agenda.
As a long-standing partner of WEF and a member of the WEF International Business Council, LPKR – as part of Lippo Group – has committed to reflect the Stakeholder Capitalism Metrics in its sustainability reporting. LPKR joins a coalition of over 100 leading multinational companies to promote the adoption of these metrics by public and private entities around the world.
CEO LPKR and Chairman of Siloam Hospitals, John Riady said, “Sustainability has always been deeply embedded in our DNA. As a mission-oriented company in Indonesia’s real estate and healthcare sectors, we are focused on delivering positive impact to all our stakeholders throughout the urban ecosystem, especially the local communities we serve. I am pleased to announce that Lippo Group is among the first in Southeast Asia to declare support for the World Economic Forum (WEF) Stakeholder Capitalism Metrics. As WEF’s longest-standing Indonesian partner, we are committed to leading by example through promoting the principles of Stakeholder Capitalism, adopting ESG best practices, and enhancing our sustainability reporting. I strongly believe that our company’s pursuit of long-term value creation will not only advance the interests of our various stakeholders, but also accelerate Indonesia’s progress towards the United Nations Sustainable Development Goals.”
For more information on the WEF Stakeholder Capitalism Metrics, visit: www.weforum.org/stakeholdercapitalism
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 total assets of US$4.4 billion at 30 September 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.
Currently, the Company has a presence in 40 cities, and is a leading Indonesian property developer with 1,362 ha of landbank ready for development. Through our two publicly listed subsidiaries, PT Lippo Cikarang Tbk, and PT Gowa Makassar Tourism Development Tbk, of which LPKR owns 84.0% and 62.7% respectively, LPKR develops and operates urban developments at Lippo Cikarang in Bekasi and at Tanjung Bunga in Makassar. Additionally, LPKR owns 55.4% of PT Siloam International Hospitals Tbk, Indonesia’s leading private hospitals network, with 39 hospitals across 29 cities nationwide.
LPKR holds a 58.4% ownership stake in Lippo Malls Indonesia Retail Trust, a listed REIT in Singapore with US$1.81bn of assets under management at 30 September 2021.
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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