EMTEK’s Risk Management Assess Global Risks in Economic & Financial Sector, and Support Diversity, Equality & Inclusivity

December 13, 2024

PT Elang Mahkota Teknologi Tbk (IDX Ticker: EMTK, "EMTEK"), EMTEK strengthened its business foundation by initiating a strategic discussion entitled "Strategic Risk Oversight: From Global Challenges to Financial & DEI Strategy". This forum is part of EMTEK Executive Forum series designed to present an in-depth perspective on financial challenges and inclusiveness in the business world. Two inspiring speakers, Mr. Josua Pardede, Chief Economist of Permata Bank, and Mrs. Wita Krisanti, Executive Director of Indonesia Business Coalition for Women Empowerment, were invited to the forum to share their insights and strategies with key personnel of EMTEK and all its subsidiaries's board of directors and commissioners and executives one layer below directors. The forum that held on Friday, December 13, 2024 through the Zoom platform, aims to build awareness and enrich understanding of business strategies that are aligned with global challenges and opportunities in the coming years. EMTEK hopes by organizing this event can strengthen company's competitiveness and business sustainability in the midst of the evolving world.

In this event, Mr. Josua Pardede delivered a presentation titled “Economic & Industry Outlook”, which identified three potential global risks that are projected to affect the stability of Indonesia's economy and financial markets in 2025. The first potential risk comes from China's economic slowdown, which is anticipated to last longer than the usual cycle. This has the potential to put pressure on Indonesia's external balance sheet and increase risk aversion sentiment in the capital market. Second, Donald Trump's victory in the 2024 US Presidential Election that raises uncertainty over the country's fiscal policy. Third, the escalation of geopolitical conflicts in the Middle East, Europe, as well as interactions between the United States and BRICS that muddy the global economic outlook. These three risks highlight the external challenges that Indonesia needs to anticipate in maintaining economic stability and competitiveness amid global uncertainty. The presentation is a refresher of strategic thinking for EMTEK and its subsidiaries in designing risk mitigation measures to take advantage of opportunities while minimizing negative impacts on the economy.

In addition to discussing the economic outlook for the coming year, EMTEK Executive Forum also highlighted the importance of implementing the principles of Diversity, Equity and Inclusion (“DEI”), presented by Mrs. Wita Krisanti. DEI includes respecting the diversity of individuals, such as background, gender, or culture; ensuring equality through support tailored to each person's needs; and creating inclusion by building a work environment that accepts, values, and empowers all individuals. DEI is considered as the foundation for building a fair, innovative and harmonious work culture. According to Mrs. Wita, implementing equality in the workplace not only boosts productivity and inclusiveness but also supports the sustainability of the company. Some steps that companies can take include implementing anti-harassment policies, providing maternity leave for pregnant women, as well as support for employees facing domestic issues.

Broadly speaking, this EMTEK Executive Forum highlights the importance of risk management strategies in facing global challenges and promoting stable and inclusive economic growth. This is in line with United Nations Sustainable Development Goals (SDG) number 8, which is to promote decent work and sustainable economic growth through strengthening risk strategies and integrating inclusiveness principles in the business world. The discussion on the Economic & Industry Outlook focuses on mitigating the impact of the economic slowdown and global uncertainty, which is in line with efforts to create economic stability and business sustainability through financial strategies. In addition, the DEI Strategy discussion emphasizes EMTEK's commitment to creating a fair and inclusive work environment and supporting the creation of decent work opportunities for all.

Ms. Titi Maria Rusli, EMTEK's Legal & Corporate Secretary Director at the event said "Through this EMTEK Executive Forum, EMTEK’s management depicts its commitment to formulate a comprehensive risk management strategy to face global challenges, ensure the company's financial stability, and encourage the application of the principles of Diversity, Equity, and Inclusion in the work environment. With global economic dynamics such as slowing growth in several major countries and increasing geopolitical risks, companies are required to be more alert and adaptive in managing economic and financial risks. In addition, through strengthening a work culture that prioritizes diversity, equality and inclusion, it is hoped that companies can create a more innovative, productive and sustainable environment. This forum is a concrete step for EMTEK in bringing together various perspectives and formulating strategic solutions to ensure stable company growth amid increasingly complex challenges."

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