Monday, June 3, 2024 – Indonesia's leading paint company, PT Avia Avian Tbk (Stock Code: AVIA), made history by being selected as a constituent of the SRI-KEHATI Index for the period June 3, 2024 – November 29, 2024, as announced by the Indonesia Stock Exchange (IDX) on May 27, 2024. The SRI-KEHATI Index is an index comprising the 25 best stocks based on ESG performance assessment and good liquidity.
AVIA's selection as a constituent of this index demonstrates the company's commitment to implementing sustainable management efforts that care for the environment, social aspects, and good corporate governance. Currently, the SRI-KEHATI index is trusted to be the only reference for investment principles focusing on ESG issues in the Indonesian capital market.
The company, which has been publicly listed on the Indonesia Stock Exchange (IDX) since 2021, is not only included in the SRI-KEHATI Index but also in the ESG Sector Leaders IDX KEHATI (ESGSKEHATI) Index for this period. This index comprises stocks with ESG performance assessment results above their sector average, referring to the IDX Industrial Classification (IDX-IC). AVIA's inclusion in the SRI-KEHATI and ESGSKEHATI indices is an extraordinary achievement, especially after previously only being listed in the ESGQKEHATI Index for the November 2023 - May 2024 period.
Robert Tanoko, Director of Operations and Development, stated that AVIA, as a company engaged in the paint, resin, can packaging, and mortar industries, is committed to continuously demonstrating good ESG performance. This is not only for the company's long-term sustainability but also as an effort to protect the environment and ensure a positive impact for all company stakeholders.
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A Glimpse of PT Avia Avian Tbk
PT Avia Avian Tbk was established in 1978 as an integrated paint manufacturing company. Known as Avian Brands. For over four decades, Avian Brands has brought color to the lives of millions of Indonesian families through a diverse range of products, including Sunguard All in One, Supersilk Anti Noda, and Avitex wall paints, No Drop anti-leak coating paint, and Avian wood & iron paint.
Listed on the Indonesia Stock Exchange (IDX) on December 8, 2021, with stock code (IDX: AVIA), AVIA is the largest decorative paint manufacturer and a market leader in the decorative paint and coating industry in Indonesia, based on a survey conducted by Frost & Sullivan.
Currently, AVIA holds approximately 23% market share in Indonesia's decorative paint and coating industry. AVIA possesses strong manufacturing capacity and capabilities through its manufacturing facilities in Sidoarjo and Serang. Vertical integration allows AVIA to produce raw materials internally.
AVIA's sales are divided into architectural solutions and merchandise. Architectural solutions contribute 80% of sales, and the merchandise segment contributes 20% of sales.
Since 2020, Avian Brands has owned the first research, development, and innovation center in Indonesia, named Avian Innovation Center (AIC), covering an area of 5,000 square meters.
As a testament to Avian Brands' commitment to environmental management, occupational health and safety, and GCG (Good Corporate Governance) in accordance with international standards, Avian Brands has successfully obtained and implemented ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), ISO 45001:2018 (Occupational Health and Safety Management System), ISO 50001:2018 (Energy Management System), and ISO 27001:2013 (Information Security Management System).
The presence of Avian Brands aims to provide leading benefits and contribute to coloring Indonesia.
