Purpose of the Report

A roadmap for companies, a benchmark for the nation

The report reflects BGK Foundation's role as a strategic partner in advancing corporate sustainability.

  1. 01

    For companies

    A practical roadmap for strengthening ESG reporting, factor by factor.

  2. 02

    For Indonesia

    A reference to support Indonesia's Net Zero ambitions, strengthen market competitiveness and foster greater transparency with stakeholders.

ESG issues have become highly strategic and relevant, increasingly regarded as the new 'legacy' of modern companies.

Achmad Deni DaruriFounder, BGK Foundation · Foreword, Annual Report 2024
All editions

Six editions of disclosure analysis

Select an edition to view its key findings and download the full report.

Annual report 2025

Analisa Praktik Pengungkapan Lingkungan, Sosial, dan Tata Kelola (LST) Perusahaan Nasional Periode 2024

Period 202462 pages
148companies analysed125 listed (38 in LQ45) · 23 non-listed
49.70%average disclosure scoreUp from 46.60% in the previous period

Previous-period figures are as stated in each edition, later editions may reflect revised data.

Disclosure by pillar

Average across 125 listed companies
Environmental49%
Social46%
Governance47%

Top performers

  1. 1ITMGPT Indo Tambangraya Megah Tbk97%
  2. 2ABMMPT ABM Investama Tbk96%
  3. 3PTBAPT Bukit Asam Tbk96%

Most disclosed

68%Disclosure practicesG9

Least disclosed

27%Human rightsS10
Annual report 2024

Analysis of ESG Disclosure Practices of National Companies, 2023 Period

Period 202361 pages
150companies analysed122 listed (33 in LQ45) · 28 non-listed
46.60%average disclosure scoreUp from 37.25% in the previous period

Previous-period figures are as stated in each edition, later editions may reflect revised data.

Disclosure by pillar

Average across 122 listed companies
Environmental47%
Social43%
Governance45%

Top performers

  1. 1ITMGPT Indo Tambangraya Megah Tbk96%
  2. 2PTBAPT Bukit Asam Tbk95%
  3. 3BBRIPT Bank Rakyat Indonesia (Persero) Tbk94%

Most disclosed

68%Disclosure practicesG9

Least disclosed

25%Supplier code of conduct; human rightsG5 · S10
Annual report 2023

Analysis of ESG Disclosure Practices of National Companies, 2022 Period

Period 202256 pages
142companies analysed124 listed (36 in LQ45) · 18 non-listed
37.25%average disclosure scoreUp from 30.58% in the previous period

Previous-period figures are as stated in each edition, later editions may reflect revised data.

Disclosure by pillar

Average across 124 listed companies
Environmental37%
Social35%
Governance37%

Top performers

  1. 1BBRIPT Bank Rakyat Indonesia (Persero) Tbk93%
  2. 2ANTMPT Aneka Tambang Tbk92%
  3. 3PTBAPT Bukit Asam Tbk91%

Most disclosed

60%Disclosure practicesG9

Least disclosed

22%Forestry CSRE11
Annual report 2022

Analysis of ESG Disclosure Practices of National Companies, 2021 Period

Period 202137 pagesBahasa Indonesia only
141companies analysed124 listed (35 in LQ45) · 17 non-listed
30.56%average disclosure scoreUp from 26.77% in the previous period

Previous-period figures are as stated in each edition, later editions may reflect revised data.

Disclosure by pillar

Average across 124 listed companies
Environmental29%
Social28%
Governance31%

Top performers

  1. 1ABMMPT ABM Investama Tbk93%
  2. 2BBRIPT Bank Rakyat Indonesia (Persero) Tbk92%
  3. 3PT Pupuk Kalimantan Timur91%

Most disclosed

61%Disclosure practicesG9

Least disclosed

12%CEO pay ratioS1
Annual report 2021

Analysis of ESG Disclosure Practices of National Companies, 2020 Period

Period 202037 pages
124companies analysed101 listed (35 in LQ45) · 23 non-listed
25%average disclosure scoreFirst edition to cover listed companies

Previous-period figures are as stated in each edition, later editions may reflect revised data.

Disclosure by pillar

Average across 101 listed companies
Environmental24%
Social25%
Governance28%

Top performers

  1. 1PT Pupuk Kalimantan Timur88%
  2. 2PT Pupuk Indonesia (Persero)86%
  3. 3BJBRPT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk86%

Most disclosed

54%Disclosure practicesG9

Least disclosed

11%CEO pay ratioS1
Annual report 2020

Analysis of ESG Disclosure by the Indonesian Banking Sector, 2018-2019

Period 2018-201934 pagesPublished as Bumi Global Karbon
21banks analysed7 BUKU IV · 11 BUKU III · 3 BUKU II
95%of banks published their sustainability report alongside the annual report

Previous-period figures are as stated in each edition, later editions may reflect revised data.

Disclosure by pillar

2019 scores across 21 banks
Environmental17%
Social20%
Governance28%
The trend

Disclosure continues to strengthen

Average ESG disclosure score of the companies analysed, as published in each edition.

+24.7points between the 2020 and 2024 periods

The 2020 edition, which covered 21 banks over 2018-2019 with a different scope, is not included in the chart.

Average disclosure score by edition
EditionPeriodCompaniesAverage score
2021202012425%
2022202114130.56%
2023202214237.25%
2024202315046.60%
2025202414849.70%
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