BUMI Receives The Best Business and Human Rights Respect Ranking in Mining, Metal, Oil and Gas Industry and Top Three on General Ranking of 100 Public Listed Companies in Indonesia
PT Bumi Resources Tbk (“BUMI” or the “Company”) received a prestigious Pioneering Rank Award from Open Society Foundation and Foundation for International Human Rights Reporting Standards (FIHRRST) for its human rights system and performance. At the award ceremony, BUMI was named as best company in Mining, Metal, Oil and Gas Industry and placed in the top three on General Ranking of 100 Public Listed Companies in Indonesia. The event was held at Pullman Hotel, Jakarta, on 16 July 2019, and was attended by the Minister of Law and Human Rights, Mr. Yasonna Laoly, the United Nations agency, Chargé d?Affaires of the European Union for Indonesia, Mr. Charles-Michel Geurts, the National Commission for Human Rights, and representatives of 100 listed companies being assessed in the study. The study itself was titled „Indonesia Business and Human Rights Respect Ranking (IdBHR)?.
Minister of Law and Human Rights of Republic of Indonesia, Mr. Yasonna Laoly said, “Welcomed the initiative carried out by civil society organizations in mainstreaming business and human rights. He explained that, "FIHRRST's effort in conducting a ranking study of 100 public companies is worthy of appreciation. It is expected that in the future this study can be synchronized with government programmes to achieve economic growth for the welfare of the people.”
The Chairman of FIHRRST, Marzuki Darusman said, "As a foundation, we encourage companies to start adopting the UN Guiding Principles. This ranking study is only an initial step that we expect to carry out each year. Efforts to advance human rights and encourage corporations to respect human rights are a national mission. Therefore, an immediate response from the government on this ranking study is important to show the government?s commitment to protecting human rights.
Those international standards contained a set of commitments on adoption of good human rights practices, such as prevention of forced workers, child labors, antidiscrimination, occupational health and safety for all employees, proper working condition, good treatment of the community and indigenous people, prevention of the use of violence by security forces, freedom of association, and prevention of environmental damage. BUMI has also already developed human rights due diligence procedures as required by the UNGP.
The aim of the study is to encourage other public listed companies to commit to the implementation of the UNGP across their operations, developing the necessary policies and procedures, and looking for the best practices as benchmarks to improve their rights performance, plus actively communicating the system and performances in a readily accessible manner. The 100 listed companies of KOMPAS Index 100 for the period of February to July 2018 were assessed against a set of 70 indicators, grouped into three themes: Human Rights Management System, Major Human Rights Issues, and Reporting on Human Rights Performances. Further, companies were clustered into four tiers based on their scores: Pioneering (highest score), Progressing, Limited, and Minimal.