Risk Management

INALUM has established the Operating Committee Regulation No. Per-006/DIR/2024 concerning the Risk Management Policy and Guidelines as a reference for the Company and its subsidiaries in managing risks. This regulation aims to standardize and synergize risk management practices to enhance the company's ability to identify, analyze, evaluate, and respond to risks, as well as to seize opportunities in achieving corporate objectives. The guidelines are aligned with the Regulation of the Minister of State-Owned Enterprises (SOEs) No. PER-2/MBU/2023 regarding Governance Guidelines and Significant Corporate Activities of SOEs, and adhere to risk management principles based on ISO 31000:2018.

TTo identify and mitigate risks in achieving its goals and targets, INALUM has established the Departmental Risk Management Team (TMRD). To streamline risk management and mitigation efforts, the Company utilizes the SIMRI (Risk Management Information System) application. Based on an independent assessment of risk management maturity for the 2023 fiscal year, INALUM achieved a score of 2.93 (Good Practice) on a 5-point scale.

Top Risks of PT INALUM in 2024

PT INALUM has identified key risks (Top Risks) that are significant and impactful to the Company for the 2024 fiscal year. These risks were determined using a top-down approach, in line with the directives of the Ministry of SOEs, as outlined in Shareholders’ Aspirations and MIND ID Management’s direction, and a bottom-up approach, which includes inputs from INALUM Management, macroeconomic and global business outlooks, and assumptions in the 2024 Corporate Work Plan and Budget (RKAP).

Based on this identification and determination process, INALUM’s Top Risks have been categorized according to the MIND ID risk taxonomy as follows: