Top ESG Environmental Indonesia Companies

In 2021, the number of investors that consider ESG (environmental, social, and governance) factors when deciding where to invest are rising rapidly.

According to the report from Investment Association, in 2020, investors dumped nearly four times the amount of cash into responsible investment funds than they did in the previous year.

Between January and September 2020, $9.7 billion was added to responsible investment funds. The figures establish that ESG is becoming a critical part of portfolios for many ESG investors.

The outlook for ESG impact investment stocks in 2021 is particularly bright with the election of U.S President Joe Biden. The Biden administration has promised to invest $2 trillion over four years to ‘build a new American infrastructure and clean energy economy.

On the ESG outlook, the major influence expected in 2021 is the adoption of the European Green Deal. The major European Union initiative has the goal of making Europe climate neutral by 2050 by implementing green technologies like fuel cells and green hydrogen. The European Commission proposed a budget of $2.1 trillion through 2027.

Here are the recognized ESG Indonesia companies in 2021 based on U.N. SDG performance metrics:

1. PT Kencana Energi Lestari Tbk – BBB

Industry: Infrastructure – Electric Utilities & Power Generation

PT. Kencana Energi Lestari Tbk, together with its subsidiaries, operates as a renewable energy company in Indonesia. It owns and operates 3×6 MW hydroelectric power plant in Pakkat, North Sumatera; 3×7 MW hydroelectric power plant in Air Putih, Bengkulu; and 2×5 MW hydroelectric power plant in Madong, South Sulawesi. The company serves industries and homes. PT. Kencana Energi Lestari Tbk was founded in 2008 and is based in West Jakarta, Indonesia.

2. PT Kalbe Farma Tbk. – BBB

Industry: Health Care – Biotechnology & Pharmaceuticals

PT Kalbe Farma Tbk., together with its subsidiaries, develops, manufactures, and trades in pharmaceutical products in Indonesia. It operates in four segments: Prescription Pharmaceutical, Consumer Health, Nutritionals, and Distribution and Logistic. The company offers generic, branded, and licensed drugs, including Brainact, Cefspan, Mycoral, Cernevit, Cravit, Neuralgin, Broadced, Neurotam, Hemapo, and CPG that are distributed to hospitals, pharmacies, and drug stores. It also provides over-the-counter drugs; energy drinks, ready-to-drink products, supplements, and other preventive products; and nutritional products for infants, toddlers, children, pre-teenagers, adults, pregnant and lactating women, and elders, as well as for consumers with special medical needs. In addition, the company operates Mitrasana Clinics, a health care service; contract services, including clinical study management, bioavailability/bioequivalence studies, and contract analysis to pharmaceutical companies; and animal health products. Further, it offers health screening services; operates as an agent and representative for biotechnology products; distributes consumer products, medical equipment, cosmetics, and other trading products; and trades in medical and laboratory equipment and supplies, raw materials for pharmaceutical products, and consumable products for hemodialysis therapy, as well as provides advertising services. The company was founded in 1966 and is headquartered in Jakarta, Indonesia. PT Kalbe Farma Tbk. is a subsidiary of PT Gira Sole Prima.

3. PT Wijaya Karya (Persero) Tbk. – BBB

Industry: Infrastructure – Engineering & Construction Services

PT Wijaya Karya (Persero) Tbk operates as an integrated construction company in Indonesia and internationally. The companys Infrastructure and Building segment provides civil construction services, such as general construction and infrastructure, including roads, bridges, harbors, airports, dams, and irrigation, as well as construction service on toll concession. Its Energy and Industrial Plant segment is involved in energy; engineering, procurement and construction; and field operations and maintenance of the power plants; and construction of oil and gas, petrochemical, cement, power, biofuel, fertilizer, and cooking oil plants. The companys Industry segment produces precast concrete products, such as PC polishing, PC piles, railway sleeper CP, bridge concrete, sheet pile, PC pipes, RC box culvert, marine structure CP, HCS, PC cylinder, and rigid pavement fabricated; steel fabrication by producing steel construction products, aluminum casting, steel frame structure, conveyor, pipe rack, telecommunication tower, electricity transmission tower, steel frame bridge, steel tank, silo, hopper, pressure vessel, welded beam, and other steel plate work and aluminum casting and plastic injection; and offers bitumen, including granular and extraction asphalt. Its Realty and Property segment engages in the real estate, property services, and other services, such as landed house, high-rise building, and industrial estate. PT Wijaya Karya (Persero) Tbk was founded in 1960 and is headquartered in Jakarta, Indonesia.

4. PT Astra Agro Lestari Tbk – BBB

Industry: Food & Beverage – Agricultural Products

PT Astra Agro Lestari Tbk, together with its subsidiaries, engages in the palm oil business in Indonesia. It provides crude palm oil and its derivatives, palm kernel and its derivatives, and other products. The company manages 286,877 hectares of oil palm plantations in Sumatra, Kalimantan, and Sulawesi. It also operates palm oil refineries in the Mamuju Utara Regency in West Sulawesi province; and Dumai, Riau province. In addition, the company exports its processed palm oil products, including olein, and stearin to China, Bangladesh, Pakistan, Malaysia, the Philippines, and South Korea. Further, it operates fertilizer blending plants; and engages in the integrated cattle-in-plantation business. The company was founded in 1988 and is headquartered in Jakarta, Indonesia. PT Astra Agro Lestari Tbk is a subsidiary of PT Astra International Tbk.

5. PT Astra International Tbk – BBB

Industry: Transportation – Auto Parts

PT Astra International Tbk, together with its subsidiaries, operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia. It offers cars, trucks, and motorcycles of various brands; manufactures and sells automotive components to the original equipment for manufacturers and replacement markets, as well as provides consultation services to its customers; financing for cars, motorcycles, and heavy equipment; life, vehicle, and health insurance, as well as other insurance for commercial business; and various banking products and services. The company also distributes heavy equipment for the mining, plantation, construction, forestry, transportation, and material handling industries; provides coal mining contracting services; operates coal mines; and produces crude palm oil. In addition, it is involved in the development and operation of toll roads; rental and leasing of vehicles; resale of used cars; and provision of public transportation services and logistics facilities. Further, the company offers various information technology business solutions based on document, information, and communication technology; and engages in the property investment, development, and management activities. Additionally, it is involved in the foundation; formwork and bekisting; pump services; and mechanical, electrical, and plumbing works, as well as dredging, reclamation, and marine works. The company was founded in 1957 and is headquartered in North Jakarta, Indonesia. PT Astra International Tbk is a subsidiary of Jardine Cycle & Carriage Ltd.

6. PT Bank Central Asia Tbk – BBB

Industry: Financials – Consumer Finance

PT Bank Central Asia Tbk provides banking products and services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally. It offers deposits accounts, loans, transaction banking services, electronic banking services, cash management services, credit cards, bancassurance products, mutual fund investment products, treasury investment products, credit facilities, standby LC/bank guarantees, export import facilities, local LC, and foreign exchange facilities. The company also provides investment financing, working capital financing, multipurpose financing, operating lease, other financing activities, money lending and remittance, securities brokerage dealing and securities issuance underwriting, general or loss insurance, life insurance, Sharia banking, and venture capital services. It operates 1,256 branch offices comprising 139 main branches, 873 sub-branches, and 244 cash offices; and 17,928 automated teller machines. PT Bank Central Asia Tbk was founded in 1955 and is headquartered in Jakarta, Indonesia. PT Bank Central Asia Tbk operates as a subsidiary of PT Dwimuria Investama Andalan.

7. PT Bank Mandiri (Persero) Tbk – BBB

Industry: Financials – Consumer Finance

PT Bank Mandiri (Persero) Tbk provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, the United Kingdom, and Cayman Islands. It offers savings and current accounts, time deposits, demand deposits, and foreign currency savings; motorcycle loans and housing loans, as well as loans for various purposes, such as education, home renovation, marriage, health, and other needs for individuals; and working capital loans, investment loans, peoples business loans, syndicated loans, and micro business loans for businesses. The company also provides investment products comprising mutual funds and retail state bonds; fire, health, and life insurance products; credit and corporate cards; e-banking services; cash management services; trade finance services, such as financial supply chain management, value chain, and bank guarantee and standby letters of credit services; custodial services; treasury services, including cash transaction and hedging products; trust services comprising trustee, paying agent, security agent, escrow agent, and receiving bank services; and bankassurance, money transfer, and remittance services. As of 31 December 2019, it operated 2,817 branches, including 139 branch offices, 2,304 sub-branch offices, 140 cash offices, and 7 overseas branch offices; and 18,291 ATM facilities. The company was founded in 1998 and is headquartered in Jakarta, Indonesia.

8. PT Semen Indonesia (Persero) Tbk – BBB

Industry: Extractives & Minerals Processing – Construction Materials

PT Semen Indonesia (Persero) Tbk, together with its subsidiaries, manufactures, packs, and distributes cement in Indonesia and internationally. The company is also involved in limestone and clay mining; cement bag and material manufacturing; industrial real estate development and building rental; ready mix concrete production; and mining, trading, transportation, and construction activities. In addition, it engages in the information system, investment, freight forwarding, general trading, stevedoring, sea transportation, and building materials businesses. The company was formerly known as PT Semen Gresik (Persero) Tbk and changed its name to PT Semen Indonesia (Persero) Tbk in January 2013. PT Semen Indonesia (Persero) Tbk was founded in 1953 and is headquartered in Jakarta Selatan, Indonesia.

9. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk – BBB

Industry: Technology & Communications – Telecommunication Services

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, informatics, and network services worldwide. The companys Mobile segment offers mobile voice, SMS, and broadband services; and Internet of things, big data, financial, video on demand, music, gaming, and digital advertising services. Its Consumer segment provides fixed voice and broadband services; and IPTV, gaming, and advertising services to home customers. The companys Enterprise segment offers fixed voice and broadband, enterprise data, and customer premises equipment (CPE) network services; satellite, BPO, and information technology services; data center and cloud services; and CPE trading and managed, cyber security, financial, big data, digital advertising, e-health, managed ATM, and professional services to corporate and institutions. Its Wholesale and International Business segment provides wholesale voice, managed, A2P SMS, IP transit and connectivity, data center and cloud, security, and value added and digital services; mobile network operator, mobile virtual network operator, and call center services; and tower and infrastructure services to other licensed operator companies and institutions. The companys Others segment offers big data, financial, cyber security, digital advertising and content, and e-commerce; and property services. The company also provides building management and maintenance services, payment, business management consulting and capital venture, health insurance administration, tourism, directory information, telecommunication construction and trading, and multimedia portal services; acts as a civil consultant and developer; and leases offices. As of December 31, 2019, it had approximately 9.4 million fixed wireline customers, including 9.0 million fixed broadband customers; and 171.1 million cellular subscribers, including 110.3 million mobile broadband customers. The company was founded in 1884 and is headquartered in Bandung, Indonesia.

10. Bumitama Agri Ltd. – BBB

Industry: Food & Beverage – Agricultural Products

Bumitama Agri Ltd., an investment holding company, produces and trades in crude palm oil (CPO), palm kernel (PK), and related products for refineries in Indonesia. The company operates through two segments; Plantations and Palm Oil Mills and Downstream Biodiesel Refinery. It is involves in cultivation and maintenance of oil palm plantations and operation of palm oil mills; and processing biodiesel plant and sells biodiesel products from the refinery. The company also engages in harvesting and processing fresh palm fruit bunches (FFB) into CPO and PK; and business and management consultancy services. It manages a total land area of approximately 187,567 hectares in Central Kalimantan, West Kalimantan, and Riau provinces. The company was founded in 1996 and is based in South Jakarta, Indonesia. Bumitama Agri Ltd. is a subsidiary of Wellpoint Pacific Holdings Ltd.

11. PT Asahimas Flat Glass Tbk – BBB

Industry: Consumer Goods – Building products & Furnishings

PT Asahimas Flat Glass Tbk manufactures and sells flat glass and automotive glass products. The Flat Glass segment offers a range of clear and tinted, figured, reflective, coated, and mirror glasses, which are used for glass curtain walls, window glass, and suspended glass in building construction, as well as a raw material for downstream industry. The Automotive Glass segment provides automotive, tempered, and laminated glasses that are primarily used in the automotive industry. The company, through its subsidiary, PT Auto Glass Indonesia, also provides automotive glass repair and installation services. It sells its products in Indonesia, rest of Asia, Australia and New Zealand, the Middle East, the United States, and Africa. The company was formerly known as PT Asahimas Flat Glass Co., Ltd. and changed its name to PT Asahimas Flat Glass Tbk in June 1998. PT Asahimas Flat Glass Tbk was founded in 1971 and is headquartered in North Jakarta, Indonesia.

12. PT Austindo Nusantara Jaya Tbk – BBB

Industry: Food & Beverage – Agricultural Products

PT Austindo Nusantara Jaya Tbk engages in the oil palm plantation business in Indonesia. It operates in four segments: Palm Oil, Sago, Energy, and Others. The company offers crude palm oil and palm kernel, edamame, as well as processes tobacco; and produces sago starch. It also operates renewable energy biogas plant in Belitung Island. The company was formerly known as PT Austindo Teguh Jaya. PT Austindo Nusantara Jaya Tbk was founded in 1993 and is headquartered in Jakarta, Indonesia.

13. PT Arwana Citramulia Tbk – BBB

Industry: Consumer Goods – Building products & Furnishings

PT Arwana Citramulia Tbk, together with its subsidiaries, manufactures and distributes ceramic tiles in Indonesia. The company primarily offers wall tiles. It sells its products under the Arwana and UNO brands through sub-distributors and retail outlets. The company was formerly known as PT Arwana Citra Mulia and changed its name to PT Arwana Citramulia Tbk in November 1993. PT Arwana Citramulia Tbk was founded in 1993 and is headquartered in West Jakarta, Indonesia.

14. PT Astra Graphia Tbk – BBB

Industry: Services – Professional & Commercial Services

PT Astra Graphia Tbk engages in trading, industrial, consulting services, office equipment and supplies contractor services, information technology, telecommunications, and investment businesses. It operates in three segments: Document Solution, Information Technology Solution, and Office Services Solution. The Document Solution segment offers hardware-based service providers to solution based services that include various aspects of the document cycle, from document input, such as creating, scanning, merging, editing, and capturing, as well as the document management, including sharing, indexing, storing, archiving, and distributing to document output comprising printing, faxing, scanning, copying, emailing, and Web viewing. This segment also provides digital printing services, such as transactional printing and printing on demand, as well as document imaging and its delivery. The Information Technology Solution segment offers hardware and software solutions; IT solutions and infrastructure services; and IT software development and managed services, including data center and cloud services. The Office Services Solution segment provides general office needs, such as outsourcing service solutions in the form of document printing production, distribution services, and general office services, including office supplies, office equipment, electronic goods, and consumer goods. The company is also involved in e-commerce, courier, and postal service businesses. It serves customers through a network of 93 service points located at 32 branch offices and other locations in Indonesia. The company was founded in 1975 and is headquartered in Jakarta, Indonesia. PT Astra Graphia Tbk is a subsidiary of PT Astra International Tbk.

15. PT Buana Finance Tbk. – BBB

Industry: Financials – Investment Banking & Brokerage

PT Buana Finance Tbk. provides investment, working capital, and multipurpose financing services in Indonesia. The company operates through Lease Financing Receivables and Consumer Financing Receivables segments. It offers financing services for various products, including heavy equipment, such as excavators, wheel loaders, tractors, and heavy trucks; generator and forklifts; printing and industrial machineries; consumer cars and commercial vehicles (trucks); vessels; Hajj/Umrah; education; tour traveling/ vacation; and others. The company also provides working capital financing, which include sale and leaseback, and factoring; multipurpose financing comprising finance lease and installment finance; and investment financing that cover financing facilities for procurement of capital goods, as well as services to individuals, business entities, or legal entities for the modernization and expansion of businesses/investment. It serves customers through its network of 33 branches in Jabodetabek, Java, Sumatra, Bali, Kalimantan, Sulawesi, and Papua. The company was founded in 1982 and is headquartered in Jakarta, Indonesia. PT Buana Finance Tbk. is a subsidiary of PT Sari Dasa Karsa.

16. PT MNC Kapital Indonesia Tbk – BBB

Industry: Financials – Investment Banking & Brokerage

PT MNC Kapital Indonesia Tbk, through its subsidiaries, provides various financial products and services in Indonesia. The company offers fund investment, multi finance, brokerage and underwriting, life insurance, general insurance, and leasing products. It also provides banking, property leasing, and financial technology services. The company was formerly known as PT Bhakti Capital Indonesia Tbk and changed its name to PT MNC Kapital Indonesia Tbk in November 2012. The company was founded in 1999 and is headquartered in Jakarta, Indonesia. PT MNC Kapital Indonesia Tbk is a subsidiary of PT MNC Investama Tbk.

17. PT Dharma Satya Nusantara Tbk – BBB

Industry: Food & Beverage – Agricultural Products

PT Dharma Satya Nusantara Tbk engages in the forestry, agriculture and plantation, transportation, plant construction, service, and trading industries in Indonesia. It operates through three segments: Palm Oil, Wood Products, and Others. The company plants, produces, and sells palm oil products, including crude palm oil, palm kernel, and palm kernel oil. It also provides various wood products, such as block boards and plywood, as well as panels and engineered floors. As of December 31, 2019, the company had 112,450 hectares of planted areas of palm oil plantations. It also exports its products to Europe, Central America, Canada, Japan, Asia, and the Middle East. The company was founded in 1980 and is headquartered in Jakarta, Indonesia.

18. PT Darya-Varia Laboratoria Tbk – BBB

Industry: Health Care – Biotechnology & Pharmaceuticals

PT Darya-Varia Laboratoria Tbk engages in the manufacture and trading of pharmaceutical products and cosmetics in Indonesia and internationally. It operates in three segments: Prescription Drugs, Consumer Health Products, and Export and Toll Manufacturing Services. It provides various prescription and consumer health products in antibiotic, antiparasit, antiseptic, anti-fungal, cough and cold, cardiology, central nervous system, gastro-hepatology, somatic, vitamin and food supplement, women healthcare, ear healthcare, and derma medic areas. The company was founded in 1976 and is headquartered in Jakarta, Indonesia. PT Darya-Varia Laboratoria Tbk is a subsidiary of Blue Sphere Singapore Pte. Ltd.

19. PT Elnusa Tbk – BBB

Industry: Extractives & Minerals Processing – Services

PT Elnusa Tbk provides oil and gas services in Indonesia. The company operates through Integrated Upstream Oil and Gas Services; Oil and Gas Support Services; and Energy Distribution and Logistics Services segments. It offers geophysical/seismic data measurement services, such as seismic and non-seismic data acquisition, and seismic data processing; and drilling and oilfield services, including drilling, hydraulic workover, coiled tubing, cementing and pumping, drilling fluid, drilling evaluation, electric wireline logging, surface well testing and drill stem testing, mud logging and H2S, slick line, artificial lift, operation and maintenance, enhance oil recovery, and well plug and abandonment. The company also provides data licensing solutions, data access services, and integrated data management solutions; and integrated storage system, online helpdesk, mobile storage services, delivery, health safety security environment system, and electrical power backup services. In addition, it offers threading services; logistic and marine support services for field operation, such as tug boat, crew boat, and accommodation work barges, as well as rents multipurpose barges; and services for mining and general businesses. Further, PT Elnusa Tbk engages in transportation, depot, and trading business; operates fuel and LPG filling stations; and distributes and trades in oil, gas, and chemicals. The company was formerly known as PT Electronika Nusantara and changed its name to PT Elnusa Tbk in September 1969. PT Elnusa Tbk was founded in 1969 and is based in South Jakarta, Indonesia. PT Elnusa Tbk is a subsidiary of PT Pertamina (Persero).

20. PT Eterindo Wahanatama Tbk – BBB

Industry: Resource Transformation – Chemicals

PT Eterindo Wahanatama Tbk engages in the trading and distribution of biodiesel fatty acid methyl ester and other chemicals in Indonesia and internationally. It trades in chemical products, such as specialty plasticizer, DOP, and PA; and offers fresh fruit bunch products. The company was founded in 1992 and is based in West Jakarta, Indonesia.

21. PT Galva Technologies Tbk – BBB

Industry: Technology & Communications – Hardware

PT Galva Technologies Tbk supplies electronic products in Indonesia. The company operates through Business Solutions, IT Distribution, and Printing Solutions segments. It primarily sells computers, printers, displays, and audio-video equipment. The company also sells broadcasting products, audio visual and media products, PA and communication products, professional audio and lighting products, digital signage products, security systems, projectors, and accessories. In addition, it offers system integration, design, installation, integration, maintenance, and engineering support services; and a range of hardware and business process solutions, including scanning, archiving, document management, and managed print services, as well as distributes software. The company was founded in 1991 and is based in Jakarta Pusat, Indonesia. PT Galva Technologies Tbk is a subsidiary of PT Elsiscom Prima Karya.

22. PT Garuda Maintenance Facility Aero Asia Tbk – BBB

Industry: Resource Transformation – Aerospace & Defense

PT Garuda Maintenance Facility Aero Asia Tbk provides various aircraft maintenance, repair, and overhaul (MRO) services for aircraft, engines, and components in Africa, Asia, Australia, America, Europe, and Oceania. The company operates through three segments: Repairs and Overhauls, Line Maintenance, and Other Operations. Its MRO services include line maintenance, base maintenance, airframe, component, engineering, material and logistics, cabin maintenance, engine and APU maintenance, learning center, power, and aircraft support, as well as technical ground handling. The company was founded in 1949 and is headquartered in Tangerang, Indonesia. PT Garuda Maintenance Facility Aero Asia Tbk is a subsidiary of PT Garuda Indonesia (Persero) Tbk.

23. PT Japfa Comfeed Indonesia Tbk – BBB

Industry: Food & Beverage – Agricultural Products

PT Japfa Comfeed Indonesia Tbk operates as an agri-food company. The company operates in six segments: Animal Feed, Poultry Breeding, Commercial Farm and Poultry Processing, Aquaculture, Beef, and Trading and Others. It provides poultry feed, day old chick broilers/layers and pullets, commercial live broiler birds, and processed chicken products; and feed for fresh, brackish, and marine water fishes and shrimps. The company also operates cold storage and processing plants, as well as fresh water fish farming, and shrimp farming and hatcheries. In addition, it engages in commercial farming, and beef processing and cattle slaughtering activities. Further, it provides woven plastic bags, crude coconut oil and copra extraction meal, animal vaccines, veterinary medicines, and livestock equipment. Additionally, it is involved in the real estate, plantation, general trading, marine transportation, and investment activities. The company markets its products in Indonesia, Asia, Europe, and the United States. The company was founded in 1971 and is headquartered in Jakarta, Indonesia. PT Japfa Comfeed Indonesia Tbk is a subsidiary of Japfa Ltd.

24. PT Perusahaan Perkebunan London Sumatra Indonesia Tbk – BBB

Industry: Food & Beverage – Agricultural Products

PT Perusahaan Perkebunan London Sumatra Indonesia Tbk, together with its subsidiaries, engages in the plantation business in Indonesia. It operates through four segments: Oil Palm Products, Rubber, Seeds, and Others. The company offers crude palm oil and rubber, as well as cocoa, tea, and oil palm seeds. It also develops plantations on behalf of local smallholders. As of December 31, 2019, the company had a total planted area of 115,665 hectares comprising 95,637 hectares of palm oil; 15,945 hectares of rubber; and 4,083 hectares of cocoa, tea, and other crops in North Sumatra, South Sumatra, East Kalimantan, North Sulawesi, South Sulawesi, and Java. In addition, it is involved in the research, processing, trading, marketing, industrial, and agency/representative activities; and invests in agricultural technology and cultivation, as well as agriculture, forestry, and fishery businesses. The company also exports its products. The company was founded in 1906 and is headquartered in South Jakarta, Indonesia. PT Perusahaan Perkebunan London Sumatra Indonesia Tbk is a subsidiary of PT Salim Ivomas Pratama Tbk.

25. PT Lautan Luas Tbk – BBB

Industry: Resource Transformation – Chemicals

PT Lautan Luas Tbk manufactures and distributes basic and specialty chemicals for industrial end-users primarily in Indonesia and the Asia-Pacific region. It operates through three segments: Distribution, Manufacturing, and Services. The company provides laboratory services and solutions for corporate customers in the textile, paper, electroplating, leather, and water treatment industries, as well as offers integrated logistics and supply chain, waste water treatment, and information technology solutions. It serves the agriculture, animal feed, coating, electroplating, food and beverages, glass and ceramic, leather, mining and smelter, oil field, packaging, personal and home care, plastic and rubber, pulp and paper, sugar, textile, and water treatment industries. The company was formerly known as Perusahaan Andil Maskapai Dagang dan Industri Lim Teck Lee and changed its name to PT Lautan Luas Tbk in 1965. The company was founded in 1951 and is headquartered in West Jakarta, Indonesia. PT Lautan Luas Tbk is a subsidiary of PT Caturkarsa Megatunggal.

26. PT Bank China Construction Bank Indonesia Tbk – BBB

Industry: Financials – Consumer Finance

PT Bank China Construction Bank Indonesia Tbk provides various banking products and services in Indonesia. It operates through four segments: Loans, Treasury, Trade Finance, and Unallocated. The company offers various deposit products comprising savings and current accounts, and time deposits; auto and mortgage loans, and commercial express credit products; and safe deposits boxes, and treasury and international banking services. It operates through a network of 21 branch offices, 50 sub-branch offices, and 31 cash offices located in Java, Bali, Sumatra, Kepulauan Riau, West Kalimantan, South Sulawesi, Bangka Belitung, and West Nusa Tenggara. The company was formerly known as PT Bank Windu Kentjana International Tbk and changed its name to PT Bank China Construction Bank Indonesia Tbk in December 2016. PT Bank China Construction Bank Indonesia Tbk was founded in 1974 and is headquartered in Jakarta Pusat, Indonesia. PT Bank China Construction Bank Indonesia Tbk operates as a subsidiary of China Construction Bank Corporation.

27. P.T. Metrodata Electronics Tbk – BBB

Industry: Technology & Communications – Hardware

P.T. Metrodata Electronics Tbk, together with its subsidiaries, engages in the information communication and technology (ICT) business in Indonesia and internationally. The companys Distribution division sells hardware and software, and basic peripherals. Its Solution division provides maintenance services; sells hardware, system management software, middleware, serverware, and system level software; and rents hardware and software products. This division also offers solutions in the areas of design and blue print, consulting, implementation, support, maintenance, managed services, and certified training. The companys Consultation division provides professional services for consultation, implementation, and training; and sells software products. P.T. Metrodata Electronics Tbk also offers business transformation solutions; ICT retail products directly to the consumers as the end users; assembly services in computer field or wireless communication equipment area; and system integration services, as well as provides information technology products and personal computer products. The company was founded in 1983 and is based in Jakarta, Indonesia.

28. PT Pan Brothers Tbk – BBB

Industry: Consumer Goods – Apparel, Accessories & Footwear

PT Pan Brothers Tbk, together with its subsidiaries, develops, manufactures, and supplies garments. It offers woven garments, such as padded and light weight jackets, pants, shorts, casual pants and dress shirts, etc.; technical, functional, and active wear jackets for snow boarding, ski outer wear, active wear, jogging, hiking, other sports and outdoor activities, etc.; and cut and sewn knit garments, including polo shirts, golf shirts, track suits, and sweat suits, as well as various fabric products. The company also provides garment printing and embroidery services. It exports its products to the United States, European Community, Eastern Europe, Canada, Asia, Australia, New Zealand, and internationally. The company was founded in 1980 and is headquartered in Tangerang, Indonesia.

29. PT Phapros, Tbk – BBB

Industry: Health Care – Biotechnology & Pharmaceuticals

PT Phapros, Tbk operates in the pharmaceutical and health care industry in Indonesia. The company operates through Over the Counter (OTC), Ethical, Generic Drugs Bearing, and Toll Manufacturing segments. It offers OTC drugs, including Antimo Anak, Livron B Plek, Noza, Hemorogard, Bioron, and others. The company also provides generic drug products for government institutions and hospitals, as well as produces drugs for other pharmaceutical industries; and offers medical devices. PT Phapros, Tbk also exports its products internationally. The company was founded in 1954 and is headquartered in Jakarta, Indonesia. PT Phapros, Tbk operates as a subsidiary of PT Kimia Farma (Persero) Tbk.

30. PT Pollux Investasi Internasional, Tbk – BBB

Industry: Infrastructure – Real Estate

PT Pollux Investasi Internasional, Tbk, through its subsidiaries, operates in the property and real estate sector in Indonesia. It is involved in the management and rental of buildings, offices, malls, hotels, shophouses, and amusement parks; property management and development activities; hospitality business; and construction and apartment management activities. The company was formerly known as PT Royal Royce Properties and changed its name to PT Pollux Investasi Internasional, Tbk. PT Pollux Investasi Internasional, Tbk was founded in 2009 and is based in South Jakarta, Indonesia. PT Pollux Investasi Internasional, Tbk is a subsidiary of PT World Apparel.

31. PT Cikarang Listrindo Tbk – BBB

Industry: Infrastructure – Electric Utilities & Power Generation

PT Cikarang Listrindo Tbk engages in the generation, marketing, distribution, and agency of electric power in Indonesia. The company owns and operates gas and coal-fired power plants with a total installed capacity of 1,144MW; and a transmission system of 150kV across a distance of 33 kilometers. It serves approximately 2,464 customers in five industrial estates, including manufacturers in the automotive, electronics, plastic, food, chemical, and other sectors. The company was founded in 1991 and is headquartered in Jakarta, Indonesia.

32. PT Prodia Widyahusada Tbk – BBB

Industry: Health Care – Health Care Delivery

PT Prodia Widyahusada Tbk provides private clinical laboratory services. The company offers laboratory and panel test services; and other diagnostics support services. It operates through a network of 151 branches and outlets in Indonesia. The company was founded in 1973 and is headquartered in Jakarta Pusat, Indonesia. PT Prodia Widyahusada Tbk is a subsidiary of PT Prodia Utama.

33. PT Palma Serasih Tbk – BBB

Industry: Food & Beverage – Agricultural Products

PT Palma Serasih Tbk engages in plantation, processing, and production of crude palm oil in Indonesia. It also exports its products worldwide. PT Palma Serasih Tbk was founded in 2008 and is headquartered in South Jakarta, Indonesia.

34. PT Radiant Utama Interinsco Tbk – BBB

Industry: Extractives & Minerals Processing – Services

PT Radiant Utama Interinsco Tbk, together with its subsidiaries, provides technical support services to the oil and gas sector primarily in Indonesia. It operates through Operating Support Services, Inspection Services, Agency and Offshore Services, and Others segments. The company offers inspection and certification services, including non-destructive testing, oil country tubular goods, blasting and coating, statutory and voluntary inspection, and environmental study services; and technical support services, such as warehouse and camp maintenance, production and facilities maintenance, well intervention, and manpower supply services. It also provides agency and trading services comprising emergency response, integrated risk management, and storm alert services, as well as ALERT iResponse emergency management solution, a software that offers a map view of the asset regarding its resources and support infrastructure. In addition, the company offers strategic, commercial, and technical services; and oilfield equipment and services for the drilling and work over sector, as well as supplies drilling rig components, pressure control equipment, down hole tools, and tubulars. Further, it provides marine and construction services comprising dredging and lifting, river crossing and river bank repair and cement stabilized mud paste, and EPCI construction services; and offshore production facility services, asset management and operations, and offshore and dredging operations support services. Additionally, the company offers equipment exploration and local shipping services. It also engages in the new and renewable energy development business, such as geothermal, coal, and solar cell projects. The company was founded in 1984 and is headquartered in Jakarta, Indonesia.

35. PT Sinar Mas Agro Resources and Technology Tbk – BBB

Industry: Food & Beverage – Agricultural Products

PT Sinar Mas Agro Resources and Technology Tbk engages in the cultivation and harvesting of oil palm in Indonesia. The company also processes fresh fruit bunches into crude palm oil (CPO) and palm kernel; and refines CPO into value-added products, such as cooking oil, margarine, shortening, oleo-chemicals, and biodiesel. It offers cooking oil under the Filma, Mitra, Kunci Mas, and Palmvita names; margarines under the Palmboom, Palmboom Cake, Filma Prestige, Filma, Filma Danish Pastry, Menara, Menara Cream, Mitra, Smart Baker, and Palmvita names; and shortening products under the Filma Puff Pastry, Filma Bakers Cream Fat, Filma Butter Oil Substitute, Delicio White Bakers Fat, Filma GoodFry Deep Frying Fat, Goodfry Semi Liquid Frying Oil, Palmvita Deep Frying Fat, Palmvita White Fat, Palmvita Bakers Fat, Palmvita Gold Butter Oil Substitute, Menara, Menara Bakers Fat, Red Rose, and Filma Pusaka White Bakers Fat names. The company also provides specialty fats under the i-Soc CBS, i-Soc PCF, i-Soc CF, Delicio Coating Fat, and Delicio Toffee Fat names. In addition, it offers fractioned fatty acids, distilled fatty acids, glycerine, and soap noodles under the Sinar name; and palm kernel meals, olein, stearin, cocoa butter substitute, and soybean oil and soybean meals. Further, the company is involved in the cultivation of ornamental plants; provision of transportation services; and organic, oleo chemical, and bio energy businesses. As of December 31, 2018, it had a total planted area of approximately 106,637 hectares. The company was founded in 1962 and is headquartered in Jakarta, Indonesia. PT Sinar Mas Agro Resources and Technology Tbk is a subsidiary of PT Purimas Sasmita.

36. PT Satyamitra Kemas Lestari Tbk – BBB

Industry: Food & Beverage – Processed Foods

PT Satyamitra Kemas Lestari Tbk provides integrated carton packaging solutions in Indonesia. It offers corrugated carton boxes, pre-print, offset, and rigid boxes; and truck rental and logistics services. The company was founded in 2001 and is headquartered in Tangerang, Indonesia. PT Satyamitra Kemas Lestari Tbk is a subsidiary of Satyamitra Investindo Pratama.

37. PT Selamat Sempurna Tbk – BBB

Industry: Transportation – Auto Parts

PT Selamat Sempurna Tbk manufactures and sells spare parts and automotive components. It operates through five segments: Filter, Radiator, Body Maker, Trading, and Others. The company offers radiators; hydraulic and automotive components, including body maker, dump truck, tank, box, trailer, mixer, and dump hoist; and fuel tank, muffler, oil, cooler, condenser, exhaust system, and brake and fuel pipe products, as well as filters for automotive, commercial, heavy equipment, marine, industrial, construction equipment, and gas turbine applications. It also assembles dump trucks, trailers, mixers, and other special purpose vehicles; and manufactures rubber O-rings, rubber compounds, polyurethanes, and plastisol adhesives for automotive industries. The company markets its products under the Sakura Filter brand name. It exports its products to approximately 120 countries worldwide. The company was founded in 1976 and is headquartered in Jakarta, Indonesia. PT Selamat Sempurna Tbk is a subsidiary of PT Adrindo Intiperkasa.

38. PT Tower Bersama Infrastructure Tbk – BBB

Industry: Technology & Communications – Telecommunication Services

PT Tower Bersama Infrastructure Tbk provides telecommunication infrastructure solution and services in Indonesia. It leases antenna and other equipment space to Indonesian telecommunications operators for wireless signal transmission related to wireless voice and data transmission. The company also owns and operates distributed antennae system (DAS) networks installed in a building for wireless communications for telecommunications operators in shopping malls and office buildings. As of December 31, 2019, it had 28,740 tenants; and 15,589 telecommunications sites comprising 15,473 telecommunications towers and 116 DAS networks. The company was formerly known as PT Banyan Mas. PT Tower Bersama Infrastructure Tbk was founded in 2004 and is headquartered in Jakarta Selatan, Indonesia.

39. PT Tunas Baru Lampung Tbk – BBB

Industry: Food & Beverage – Agricultural Products

PT Tunas Baru Lampung Tbk primarily manufactures and sells vegetable cooking oils in Indonesia. It operates through Plantations and Manufacturing segments. The company offers palm cooking oil, palm kernel oil, crude palm oil, stearine, fatty acid, crude coconut oil, glycerin, margarine, molasses, and sugar, as well as biodiesel, and laundry and cream soaps. It also engages in the plantation of palm oil and sugarcane. The company was founded in 1973 and is headquartered in Jakarta, Indonesia.

40. PT Transcoal Pacific Tbk – BBB

Industry: Transportation – Air Freight & Logistics

PT Transcoal Pacific Tbk provides sea transport and logistics services in Indonesia. It primarily offers vessel charter and good freight services. The company also provides barging, long hauling, transshipment, oil barge, and agency services, as well as mooring man and oil spill response team services. PT Transcoal Pacific Tbk was founded in 2007 and is headquartered in Jakarta, Indonesia. PT Transcoal Pacific Tbk is a subsidiary of PT Sari Nusantara Gemilang.

41. PT Total Bangun Persada Tbk – BBB

Industry: Infrastructure – Engineering & Construction Services

PT Total Bangun Persada Tbk, together with its subsidiaries, provides construction and other related services primarily in Indonesia. It operates through Construction, and Rental and Others divisions. The company undertakes construction of education, office and religious buildings, high rise residential buildings, hospitals, shopping centers, hotels, utilities, and industrial projects. It also provides equipment rental and installation services. The company was founded in 1970 and is based in West Jakarta, Indonesia. PT Total Bangun Persada Tbk is a subsidiary of PT Total Inti Persada.

42. PT Wijaya Karya Bangunan Gedung Tbk. – BBB

Industry: Infrastructure – Engineering & Construction Services

PT Wijaya Karya Bangunan Gedung Tbk provides building construction services in Indonesia. The company offers general civil construction services, which includes the design works consisting of the execution of structural work, mechanical work, electrical, and plumbing, as well as interior and exterior work, including landscape and hardscape work. It also constructs academic facilities, airports, apartments, apartments, commercial facilities, hospitals, hotels, offices, and sports facilities. It serves governments and private sectors. The company was founded in 2008 and is headquartered in Jakarta, Indonesia. PT Wijaya Karya Bangunan Gedung Tbk is a subsidiary of PT Wijaya Karya (Persero) Tbk.

43. PT Waskita Beton Precast Tbk – BBB

Industry: Extractives & Minerals Processing – Construction Materials

PT Waskita Beton Precast Tbk manufactures precast, ready mix concrete, and quarry. It operates through three segments: Precast, Ready Mix, and Construction Service. The company provides girders, spun and square piles, concrete barriers, U-gutter, U-ditch, box culverts, diaphragm wall, spider web foundation, CCSP and FCSP, pier head precast, electric pole, railway sleeper, sprigWP, RC pipe, and tetrapod products, as well as full, half, deck, and voided slabs. It also offers supporting services comprising engineering, installation, piling, construction, and post-tensioning services. The company was founded in 2014 and is headquartered in Jakarta Timur, Indonesia. PT Waskita Beton Precast Tbk is a subsidiary of PT Waskita Karya (Persero) Tbk.

44. PT PP Presisi Tbk – BBB

Industry: Infrastructure – Engineering & Construction Services

PT PP Presisi Tbk operates as an integrated heavy equipment-based construction company in Indonesia. It provides integrated services, including civil works, ready mix, foundation, formwork, erector, and mining, as well as equipment rental services. The companys civil works include the construction of ports, airports, railroads, coastal safeguards, irrigation channels or canals, dams, tunnels, building structures, roads, bridges, swamp reclamations, pipe installations, drillings, and land clearing. It is also involved in the provision of mechanical-electrical works, transportation/logistic, and trading services. In addition, the company possesses 2,650 heavy equipment consisting of 2515 large scale fleet (mobile), such as excavators, dump and mixer trucks, bulldozers, rollers, loaders and graders, concrete pavers, asphalt mixers and finishers, stone crushers, mobile concreate pumps, cement deep mixing and kapal keruks, cold planners and road reclaimers, and other heavy equipment. Further, it provides large scale fleet (non-mobile) comprising tower and crawler cranes, bored piles, passenger hoists, batching plants, and launcher girders. The company was formerly known as PT PP Peralatan Konstruksi and changed its name to PT PP Presisi Tbk in March 2017. PT PP Presisi Tbk was founded in 2004 and is headquartered in East Jakarta, Indonesia. PT PP Presisi Tbk is a subsidiary of PT Pembangunan Perumahan (Persero) Tbk.

45. PT Unilever Indonesia Tbk – BBB

Industry: Consumer Goods – Multiline and Sepecialty Retailers & Distributor

PT Unilever Indonesia Tbk engages in the manufacture, marketing, and distribution of consumer goods in Indonesia. It offers soaps, detergents, dairy based foods, ice creams, cosmetic products, tea based beverages, and fruit juices, as well as leases office space. It offers its products under the Pepsodent, Lux, Lifebuoy, Dove, Sunsilk, Clear, Rexona, Vaseline, Rinso, Molto, Sunlight, Walls, Royco, Bango, and other brands. The company founded in 1933 and is based in Tangerang, Indonesia. PT Unilever Indonesia Tbk is a subsidiary of Unilever Indonesia Holding B.V.

46. PT Toba Pulp Lestari Tbk – BBB

Industry: Renewable & Alternative Energy – Pulp & Paper Products

PT. Toba Pulp Lestari Tbk produces and sells pulp in Indonesia, China, Bangladesh, Thailand, and India. The company was formerly known as PT Inti Indorayon Utama Tbk and changed its name to PT. Toba Pulp Lestari Tbk in August 2001. The company was founded in 1983 and is based in Medan, Indonesia. PT. Toba Pulp Lestari Tbk is a subsidiary of Pinnacle Company Pte. Ltd.

47. PT Integra Indocabinet Tbk – BBB

Industry: Consumer Goods – Appliance Manufacturing

PT Integra Indocabinet Tbk manufactures and sells wooden furniture and other wooden products in Indonesia. The company operates through Manufacturing, Forestry, and Trading segments. It offers indoor, reclaim wood, panel, set up, garden/outdoor, and industrial and natural fiber furniture; building components, door products, and solid and fingerjoint laminated boards; and furniture for hotel, apartment, and school projects. The company also holds forest concession rights. It exports its products to the United States, Asia, Australia, Africa, and Europe. The company was founded in 1989 and is based in Sidoarjo, Indonesia. PT Integra Indocabinet Tbk is a subsidiary of PT Integra Indo Lestari.

48. PT Rukun Raharja Tbk – BBB

Industry: Infrastructure – Gas Utilities & Distributors

PT Rukun Raharja Tbk, together with its subsidiaries, operates as an integrated energy provider in Indonesia. It is involved in the distribution and storage of natural gas and fuel; operation and maintenance of gas facilities; gas transmission and compression activities; and electricity generation and supply activities. The company also offers supporting services for oil and natural gas mining; consultations on mining; port management, loading-unloading containers; leasing and management of building; supporting facilities of property companies; and development planning and supervision consultation services. In addition, it is involved in the development, management, and operation of gas infrastructure; gas transmission pipeline capacity trading; and building construction and trading. The company was founded in 1993 and is headquartered in Central Jakarta, Indonesia.

49. PT Sreeya Sewu Indonesia Tbk – BBB

Industry: Food & Beverage – Agricultural Products

PT Sreeya Sewu Indonesia Tbk produces processed and poultry feed in Indonesia. The company operates through Livestock Feed, Day Old Chicks, Dressed Chicken, and Partnership and Commercial Farm segments. It is also involved in breeding and hatchery; growing farm activities; and slaughtering and production of further processed and value added chicken products. In addition, the company offers laboratory services and medicine; and involved in the distribution and trading of poultry equipment, feedmill, and others product. Further, it engages in the frozen food processing industry. The company was formerly known as PT Sierad Produce Tbk and changed its name to PT Sreeya Sewu Indonesia Tbk in September 2020. The company was founded in 1985 and is based in South Jakarta, Indonesia. PT Sreeya Sewu Indonesia Tbk is a subsidiary of PT Great Giant Pineapple.

50. PT Indofood CBP Sukses Makmur Tbk – BBB

Industry: Food & Beverage – Processed Foods

PT Indofood CBP Sukses Makmur Tbk produces and sells consumers products in Indonesia and internationally. It offers noodles, sauces, and instant seasonings under the Indomie, Supermi, Sarimi, Pop Mie, Sakura, and Mi Telur Cap 3 Ayam brands. The company also provides sweetened condensed milk; UHT, sterilized bottled, and pasteurized liquid milk; powdered milk; ice cream; and butter under the Indomilk, Cap Enaak, Tiga Sapi, Kremer, Orchid Butter, Indoeskrim, Good To Go, and Milkuat brands. In addition, it offers chips and non-chips snacks under the Chitato, Qtela, Lays, Chiki, Cheetos, Jetz, Trenz, Wonderland, Dueto, Doritos brands; and food seasonings, including powdered and liquid seasonings, condiments, and syrups under the Sambal Indofood, Bumbu Special Indofood, Bumbu Racik, Indofood Freiss, Kecap Indofood, and Kecap Piring Lombok brands. Further, the company provides nutrition and special foods, such as baby cereals, follow-on cereals, noodle soups, and baby biscuits, as well as fortified milk for expectant and lactating mothers under the Promina, Sun, Govit, and Gowell brands. Additionally, it offers beverages comprising non-alcoholic beverage products, including tea, packaged water and fruit-flavored drinks, under the brands of Ichi Ocha, Club, and Fruitamin. The company also manufactures packaging materials; provides management consulting, general trading, and transportation services; processes oil and fats; markets and distributes paper diapers; and manages restaurants. The company was founded in 1982 and is headquartered in Jakarta, Indonesia. PT Indofood CBP Sukses Makmur Tbk is a subsidiary of PT Indofood Sukses Makmur Tbk.