Brantas Abipraya Ensures to Implement GCG in All Its Projects

11 September 2023

Jakarta, 11 September 2023 – Contributing to creating a healthy business climate, PT Brantas Abipraya (Persero) is committed to focusing on implementing openness based on AKHLAK cultural values to Abipraya Partners and vendors. Of course, this is supported by the spirit of implementing Good Corporate Governance (GCG) within the Company.

"As an effort to support a good national business climate, Brantas Abipraya ensures that payments to its partners are made on time and in the right amount," said Suradi, Director of Finance and Risk Management at Brantas Abipraya.

Suradi added, Brantas Abipraya will always continue to strengthen healthy relationships with its work partners, in accordance with the business transformation ideals of this BUMN Construction which is based on the implementation of good corporate governance, risk management (Risk), and compliance (Compliance). GRC).

Brantas Abipraya management is committed to ensuring the fulfillment of the rights of work partners and vendors through improving business processes and strengthening governance and risk management. In the Supply Chain Management Transformation at Brantas Abipraya has also formed a special vendor management unit, namely the Vendor Management System Unit (VMS Unit).

This also makes procurement and payment management centralized. The purpose of this VMS Unit is to manage good relationships with vendors by centralizing all vendor information with the aim of streamlining the process. Not only that, Abipraya VMS also centralizes all vendor-related activities, including vendor orientation, contract management, performance tracking and payment processing.

So it is hoped that with the existence of this unit, Brantas Abipraya can increase efficiency, identify the risk of late payments, and reduce the risk of overpayments or duplicate payments.

He also said that Brantas Abipraya has proven its seriousness in Governance Risk and Compliance (GRC) practices in managing its business. BUMN Karya has won three awards at the 2022 TOP GRC Awards, namely Top GRC Awards 2022 #4 stars, The Most Committed GRC Leader 2022, The High Performing Board of Commissioners on GRC 2022.

After the COVID-19 pandemic, the Company has felt several impacts. To maintain the Company's performance and productivity, several business strategies have been implemented, including, in the construction segment with strategies, maintaining the market leader position in the Water Resources (SDA) sector, Even though it is known as the best state-owned company in dam construction, Brantas Abipraya will continue to increase its non-natural resources market share.

Then in the New and Renewable Energy (EBT) segment, through its subsidiary, Brantas Abipraya is realizing investment plans for PLTM, PLTA, which meet feasibility standards, as well as developing PLTM/PLTA investment plans in accordance with government plans.

"The development of EBT is a government program until 2030. This EBT segment will be an added value for Brantas Abipraya and its subsidiaries. "And we hope it will grow in accordance with the mandate from the government," said Suradi.

Next, in the water and other energy management segment, this BUMN has a strategy to increase the realization of SPAM investment, increase the realization of IPAL investment, and so on. As well as the fifth segment, other investments with a strategy to increase the development of residential and commercial products, and so on.

All of these strategies are implemented to achieve positive performance, but do not miss out on GRC practices in the company starting from the top management level to those responsible for aspects of GCG, risk management and compliance with existing regulations.

"Brantas Abipraya will continue to focus on developing Indonesia through superior infrastructure works. "Of course, this can be achieved, one of the ways is with the support and contribution of our work partners. We will continue to strengthen the creation of a good business ecosystem so that Brantas Abipraya can continue to provide quality and best quality infrastructure works," concluded Suradi.