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ICDX Group Reveals Strategy For Sustainability In 15 Years Of Operation

Since its inception, ICDX Group has brought the Futures and Commodities Trading (PBK) ecosystem consisting of the ICDX Exchange, the Clearing Guarantee and Transaction Settlement Institution at the Indonesia Clearing House (ICH), followed by the introduction of ICDX Logistics in 2016.

Fajar Wibhiyadi, the CEO of ICDX, said, "The 15-year journey for ICDX Group has certainly been an experience and an asset for us to continue contributing to society. Therefore, it is a challenge for ICDX Group to be able to continue to have a broader impact in the future. Several strategic steps will be taken in the framework of sustainable action, reflecting the spirit of sustainability of ICDX Group.

These steps include building a better industry, a better community, a better world. Our hope is that, with these sustainable efforts, ICDX Group can make a positive contribution to the commodity futures trading industry, society, and even more broadly to the world.

In terms of "better industry," which involves building and developing the commodity futures trading industry, various steps have been and will be taken by ICDX Group in the future.

These efforts include maximizing the absorption of derivative products as a means of hedging, speculation, and financial inclusion, utilizing Sharia commodities as a foundation for the growth of the Islamic industry in Indonesia for Islamic banking, and innovating commodity transaction systems by personalizing markets and streamlining efficient processes.

As part of the commodity futures trading ecosystem, ICDX Group's efforts towards a "better community" are programs that have a direct impact on society. Various Corporate Social Responsibility programs will be implemented as a form of ICDX Group's social responsibility to the community. Additionally, through the ICDX Academy, ICDX Group will continue to enhance literacy about the Commodity Futures Trading industry to ensure that the public is well-informed.

Moving on to the "better world" aspect, ICDX Group has implemented the Go Carbon Neutral initiative since 2022 by planting 1 million mangrove trees. Recently, ICDX Group also launched the Carbon Calculator as a platform for calculating emissions for industry stakeholders.

Furthermore, the spirit to achieve "green metal" through Clean Metal Initiatives is also emphasized to reach the goal of decarbonizing the industry and promoting carbon-free products as a step towards a cleaner and more sustainable future.

It is worth noting that in the past 3 years, ICDX Group has shown positive growth in transaction volume. In 2021, the total transaction volume at ICDX Group reached 9,890,507 lots with a composition of 1,264,028 lots of multilateral transactions and 8,626,479 lots of Alternative Trading System transactions.

For the year 2022, the total transaction volume reached 10,162,658 lots with a composition of 1,877,512 lots of multilateral transactions and 8,258,146 lots of Alternative Trading System transactions. In 2023, the total transaction volume reached 12,429,818 lots with a composition of 3,145,592 lots of multilateral transactions and 9,284,226 lots of Alternative Trading System transactions.

Meanwhile, in 2024, ICDX Group projects the total transaction volume to reach 14,298,169 lots with a composition of 3,798,169 lots of multilateral transactions and 10,500,000 lots of Alternative Trading System transactions.

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Tag: ICDX Group PBK