In an era of increasing awareness of sustainability and social responsibility, PT PLN, a leading electricity company in Indonesia, has made significant progress in its ESG (Environmental, Social, Governance) score, reducing it from 38.5 to 30.3 between 2022 and 2023. This achievement not only demonstrates PT PLN’s dedication to sustainability but also provides insights into how a collaborative strategy for managing sustainability risks can be successfully implemented. This article will discuss the application of ESG principles and the Maxima Impact Framework, using PT PLN as a case study.
Implementing ESG principles requires companies to operate responsibly towards the environment, care for social welfare, and adopt good governance practices. Some benefits of this approach include:
Impact Framework & Approach by Maxima Impact Agency
The Maxima Impact Framework outlines four key stages in creating sustainable impact:
As a case study, PT PLN demonstrates how a company can progress through the stages in the Maxima Impact Model by applying ESG principles:
PT PLN’s improved ESG score highlights their progress in managing sustainability risks and implementing ESG principles, underscoring the importance of a holistic and strategic approach in achieving sustainability goals.