Company History PT Sawit Sumbermas Sarana Tbk. SSMS is a palm oil company with a mission to realize the full potential of palm oil. We manage an integrated business across 23 oil palm estates, Eight oil palm mills PKS and one palm kernel mill out of Pangkalan Bun, Central Kalimantan, Indonesia. We believe in the tremendous potential of palm oil and are optimistic about the crop’s place in the future. With the highest crop productivity and land-use efficiency compared to other crops, palm oil can be a crucial, and more environmentally-friendly, answer to address future surge of edible oil needs. At the same time, the palm oil industry has the potential to contribute significantly to fueling development in countries such as Indonesia, especially their rural communities. We therefore believe that palm oil companies, if they do the business right, can play a key role in sustaining the environment and providing for human needs at the same time. This is the role we aim to play. Our Vision To Become A World-class Plantation Company Our Mission To realize the full potential of palm oil To Build a professional plantation business To Add value for all stakeholders To Implement best practices of corporate governance To Use environmentally-friendly and advanced technology To Develop our human resources and local potential in a spirit of partnership Corporate Values Care for the company Care for the people Care for the environment Care for the nation, Indonesia Company Profile PT Sawit Sumbermas Sarana Tbk. SSMS is a palm oil company based in Pangkalan Bun, Central Kalimantan, Indonesia. We envision ourselves as a world-class plantation company with a mission to realize the full potential of palm oil. Our belief in palm oil as a crucial answer to address future surge of edible oil needs, fuel national development and bring real benefits to communities and the environment is what motivates us. We thus operate all our plantations and mills in accordance with the industry’s best practices and sustainability standards. Please click for watching SSMS Video Profile Corporate Structure PT Sawit Sumbermas Sarana Tbk is publicly listed at Indonesia Stock Exchange since 2013. The public holds around 37% of the total company share. Information PBALPutra Borneo Agro Lestari SSMSSawit Sumbermas Sarana KSAKalimantan Sawit Abadi SPHSawit Plantation Holding SPISawit Plantation International Primeland / Asset SSMS’ commitment towards good corporate governance principles ensures any business expansion conducted sustainably and responsibly. In 2016, our expansion and investment increased our total assets by to trillion. Meanwhile, the management is also taking the initiative to expand the company’s plantation by 10,000 hectares to 100,000 hectares, in line with the vision of growing the estates to a total of 150,000 hectares within the next five years. Company Milestone SSMS was established on 22 November 1995, in accordance with Notarial Deed No. 51 of the same date, and began its operation in 2005. SSMS became publicly listed in 2013 and has continued to grow its business ever since, including through a series of successful acquisitions such as those in 2015. 1995 On 22 November 1995, SSMS was established in Pangkalan Bun, Central Kalimantan. 1999 On 6 May 1999, PT Mitra Mendawai Sejahtera MMS, a subsidiary of SSMS was established at Pangkalan Bun, Central Kalimantan. 2004 On 25 March 2004, PT Kalimantan Sawit Abadi KSA, a subsidiary of SSMS was established at Pangkalan Bun, Central Kalimantan 2013 On 12 December 2013, SSMS has carried out the IPO Initial Public Offering. 2015 SSMS acquired four plantations, namely PT Menteng Kencana Mas "MKM", PT Mirza Pratama Putra "MPP", PT Tanjung Sawit Abadi "TSA" and PT Sawit Multi Utama "SMU". 2018 The Company issued US$300 million global bond at The Singapore Exchange Securities Trading Ltd "SGX", and established Singapore-based subsidiaries, SSMS Plantation Holdings, Pte. Ltd. and SSMS Plantation International, Pte. Ltd., relating to the issuance of global bond. Management SSMS’s sustainable growth towards its vision to become a world-class plantation company requires a continuously improving strong workforce that delivers high quality results. SSMS, therefore, emphasizes its human resource development effort on comprehensive employee integration as well as targeted recruitment to deliver superior business performance. Corporate Governance Board of Commissioners SSMS’s sustainable growth towards realizing its vision and mission requires a strong, continuously improving management and workforce who are able to deliver high quality results. We therefore emphasize our human resources development efforts on comprehensive employee integration as well as targeted recruitment to deliver superior business performance. Board of Directors The Board of Directors manages the company’s operations in accordance with good corporate governance principles, the industry’s best practices, and the highest sustainability standards. They lead SSMS in delivering added values for all stakeholders. Board of Directors Bungaran Saragih President Commissioner Rimbun Situmorang Commissioner Hoesen Commissioner / Independent Commissioner Indonesian citizen, resident in Jakarta. President Commissioner of the Company since August 2016, in accordance with Deed of Shareholder Meeting dated 31 August, 2016 and made before Notary Public Dedy Pramono Bungaran Saragih has been involved in the palm oil plantation business for 45 years, as a Commissioner of PT Rea Kaltim Plantations since 2007, Chairman of Trustees of Borneo Orangutan Survival Foundation since 2006, and an Advisor to PT Japfa Comfeed Indonesia Tbk. since 2006. He was previously Chairman of Governors of the International Fund for Agricultural Development and Minister of Agriculture of the Republic of Indonesia. He holds a Masters Degree in Agronomy from the Agricultural Insitute of Bogor IPB, a Master of Arts in Economics, Statistics and Business from North Carolina State University, and a Doctorate in Philosophy of Economics from North Carolina State University, USA. Bungaran Saragih President Commissioner Indonesian citizen, resident in Jakarta. President Commissioner of the Company since August 2016, in accordance with Deed of Shareholder Meeting dated 31 August, 2016 and made before Notary Public Dedy Pramono Bungaran Saragih has been involved in the palm oil plantation business for 45 years, as a Commissioner of PT Rea Kaltim Plantations since 2007, Chairman of Trustees of Borneo Orangutan Survival Foundation since 2006, and an Advisor to PT Japfa Comfeed Indonesia Tbk. since 2006. He was previously Chairman of Governors of the International Fund for Agricultural Development and Minister of Agriculture of the Republic of Indonesia. He holds a Masters Degree in Agronomy from the Agricultural Insitute of Bogor IPB, a Master of Arts in Economics, Statistics and Business from North Carolina State University, and a Doctorate in Philosophy of Economics from North Carolina State University, USA. Rimbun Situmorang Commissioner Indonesian citizen, resident in Jakarta. A Commissioner of the Company since August 2016, in accordance with Deed of Shareholder Meeting dated 31 August, 2016 and made before Notary Public Dedy Pramono Rimbun Situmorang previously served as Chief Executive Officer of the Company between 2013 and 2016. He currently holds a number of positions, including President Director of PT Citra Borneo Indah 2011- present, President Commissioner of PT Kalimantan Sawit Abadi 2011- present and of PT Sawit Multi Utama 2009- present. He previously served as a Director of PT Ahmad Saleh Perkasa 2009-2011, Commissioner of PT Sawit Multi Utama 2009- 2011, Director of PT Tanjung Sawit Abadi 2009- 2011, Director of PT Sawit Mandiri Lestari 2005-2007, Director of PT Sawit Multi Utama 2005- 2007, Director of PT CBI 2005- 2007, Director of PT KSA 2005-2007, Director of the Company 2005- 2007, Director of PT Tanjung Sawit Abadi 2005- 2007, Director of PT Mitra Mendawai Sejati 2005-2007, Commissioner of PT CBI 2000-2003, Marketing Manager at PT Mendawai Putra 1997-1999, Head of Commerce PT Barito Putra Nirwana 1994- 1997, and Forestry & Shipping Staff PT Rimba Karya Kalimantan 1992-1994. He received a Bachelors degree from Institut Teknologi Tumpal Dorianus Pardede in 1989. Hoesen Commissioner / Independent Commissioner Corporate Secretary Swasti Kartikaningtyas was appointed as Head Corporate Secretary of PT Sawit Sumbermas Sarana Tbk on 21 July 2017. She joined from CIMB Sekuritas Indonesia, where she had been a Head Corporate Secretary since 2014, managing Company Corporate Governance including the Integrated Corporate Governance of CIMB Group in Indonesia. Before that, Swasti also held the position as Head Corporate Secretary in PT Maybank Kim Eng Securities, handling corporate legal and corporate affairs of a securities company in 2013. Not only has she had extensive experience in capital market, corporate governance and share listing across a range of companies, she also broadened up her knowledge of Life Insurance industry as she was the Group Corporate Secretary of Sun Life Financial in Indonesia from 2011 to 2013. Whilst her early career was started in a law firm as an associate lawyer from 2004 to 2007 and further continued as head of Legal and Corporate Communication Unit in PT Kliring Penjaminan Efek Indonesia from 2007 to 2011. She holds a bachelor of law degree from Universitas Indonesia in 2004 and further continued her post-graduate study of Commercial Law from University of Edinburgh by Chevening Scholarship in 2010. Committee As a Company that upholds accountability and responsibility principles, SSMS recognizes the importance of Committees which serves to assist the monitoring performance undertaken by the Board of Commissioners, as well as to assist the performance of the Board of Directors. Currently SSMS has an Audit Committee consisting of an Independent Commissioners as Chairman and member, also supported by two professionals, which are Mr. Zulfitry Ramdan and Mr. Wahyudi Susanto. For the future, SSMS will establish the Nomination and Remuneration Committee and the Business Development and Risk Management Committee. These committees are expected to assist and provide views as well as direction in the corridor of SSMS business implementation. Awards and Certification Notarial Deed PT Sawit Sumbemas Sarana was established on 22 November 1995 in accordance with Notarial Deed No. 51 of 22 November 1995. The Notarial Deed was made before Notary Public Enimarya Agoes Suwarko, approved by the Minister of Justice and Human Rights of the Republic of Indonesia by Decision Letter No. of 26 July 1996, and published in Republic of Indonesia Gazette No. 839, Addendum No. 36 of 22 February 2011. The Company began its operation in 2005. Download PDF Company Policy To support the effectiveness of GCG implementation at SSMS, we have designed corporate governance structures and established the functions, authority, and clear lines of responsibility for each body that supports Good Corporate Governance GCG GCG Policy Considering the Company's rapid growth, we strive to strengthen our commitment to implementation of the principles of Good Corporate Governance GCG in all aspects of the business. Such principles are the universal founding principles of GCG transparency, responsibility, accountability, independence, and fairness. At this point, SSMS’s business practices always breath sustainability policy as corporate strategy and business success to balance environmental management, social progress and economic success to benefit all our stakeholders. From the point of view of their implementation, the Company refers to Law re. the Capital Markets, and Law re. Limited Liability Companies; Indonesian Investment Board Regulations; Financial Services Authority Regulations; Indonesian Stock Exchange Regulations; and the General Guidance for GCG released by the National Committee for Governance Policy. Download PDF Code of Ethics The Code of Ethics is a guideline for the Company to act in accordance with the ethics and laws when doing work and treating the employee. The Company's Code of Ethics describes the standards that must be adhered to in carrying out the Company's core values, laws, regulations, and existing policies. Anti Corruption Policy PT Sawit Sumbermas Sarana Tbk. SSMS is committed to and complies with the provisions of applicable laws and supports Indonesia Goverment in terms of eradicating Corruption and Money Laundering. Anti Corruption Policy to ensure the activities and business within the Company are protected from harmful things, especially involving employees, business partners and government agencies related to the Company Group. Download PDF Human Rights Policy World-class companies know that respect for human rights is a key guarantee of the sustainability of their businesses. PT Sawit Sumbermas Sarana Tbk. SSMS, as a world-class palm oil producer, has established a set of Human Rights Policies in accordance with the Human Rights standards laid down in the Guiding Principles of The United Nations on Human Rights and Business UNGP. Download PDF Biodiversity Policy Perlindungan keanekaragaman hayati bertujuan untuk memelihara proses ekologis agar dapat terus berlangsung untuk menjamin kelangsungan kehidupan manusia. Dalam rangka perlindungan sistem penyangga kehidupan, PT Sawit Sumbermas Sarana Tbk telah menetapkan wilayah, prosedur perlindungan dan tata cara pemanfaatan wilayah perlindungan sistem penyangga kehidupan. Nilai Konservasi Tinggi HCV berupa hutan, sumber air, situs budaya/bersejarah, kearifan lokal, sungai dan sempadannya serta Simpanan Karbon Tinggi HCS merupakan contoh dari wilayah perlindungan yang ditetapkan oleh Perseroan Download PDF SUSTAINABILITY POLICY SSMS maintains an internal control system to ensure that all of its activities are in accordance with the principles of good corporate governance and conform with current laws and regulations. To ensure effective implementation, the company has several charters to strengthen oversight and application of comprehensive internal control. Internal Audit Charter BOD Charter BoC Charter Appointment and Change Appointment and Change of Committees Appointment and Change of Corporate Secretary