Anindya Novyan Bakrie, the Chairman of the Indonesian Chamber of Commerce and Industry (KADIN), was a featured speaker at the Milken Asia Summit, held at the Four Seasons Hotel, Singapore.
At a crucial gathering of global business leaders and policymakers, Anindya Bakrie contributed his insights to a panel discussion on transitioning to sustainable growth. The session, held on Wednesday, 18 September 2024, drew attention to the roles businesses play in achieving environmental and economic sustainability.
Joining Bakrie were Ibrahim Almubarak, Assistant Minister of Investment from Saudi Arabia, and Patrick Lee, CEO of Standard Chartered Bank Singapore and ASEAN. The discussion was moderated by Larry Tan, Vice President of Chemical Consulting in Asia at S&P Global Business Insider, ensuring a well-rounded debate on key issues affecting sustainable business practices.
The session covered various topics including the importance of green-shoring, where businesses relocate production to regions prioritizing environmental responsibility. Bakrie highlighted the Bakrie Group’s focus on relocating to such areas, presenting significant investment opportunities, particularly in Indonesia.
Bakrie also discussed Indonesia’s potential to lead in renewable energy, emphasizing the country’s target to achieve 23% of its energy from renewable sources by 2025. This commitment is part of Indonesia’s long-term strategy to reach net-zero emissions.
The shift towards green-shoring requires significant investment in infrastructure and green technology, along with adherence to Environmental, Social, and Governance (ESG) standards. Bakrie pointed out that while this transition promises substantial long-term benefits, it might involve delayed financial returns.
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Enhancing his message with a global perspective, Bakrie also touched upon Indonesia’s role on the international stage, including its relationships with major economies and its strategic importance in geopolitical dynamics.
The insights from Bakrie at the summit underscore the interconnectedness of ASEAN economies with global sustainability goals and the pivotal role of leadership in navigating these challenges.
At the Milken Asia Summit, Anindya Bakrie discussed the crucial role of sustainable practices in business and the strategic movements of the Bakrie Group towards environmentally responsible regions, reflecting Indonesia’s broader ambitions in renewable energy and global economic integration.
Sources: Bisnis.com, Disway (2024)
