PTPN III Teams Up With BPKP To Measure The Risk Maturity Index For 2023, Boosting Risk Management

Dok/Holding Perkebunan Nusantara (PTPN) III (Persero)

PTPN III Teams Up With BPKP To Measure The Risk Maturity Index For 2023, Boosting Risk Management

Thursday, 08 Aug 2024

Holding Perkebunan Nusantara PTPN III (Persero) kicked off its Risk Maturity Index (RMI) measurement process with the Financial and Development Supervisory Agency (BPKP) during a meeting in Jakarta on Monday (05/08/2024). M. Arifin Firdaus, the Director of Risk Management at PTPN III, emphasized that measuring the RMI is a crucial step for the PTPN Group as it navigates corporate governance, risk management, and compliance. This aligns with the government's policy requiring state-owned enterprises (BUMN) to enhance their risk management practices. "This is one of the mandates from our shareholders to assess the maturity level of risk management in BUMN, in accordance with the Minister of BUMN Regulation No. PER-2/MBU/03/2023 and the Deputy for Finance and Risk Management KBUMN Decree No. SK-8/DKU.MBU/12/2023," Arifin stated. BPKP, acting as an independent evaluator, is expected to provide valuable recommendations for the ongoing risk management implementation at PTPN III (Persero) and encourage improvements in the governance, risk, and compliance (GRC) processes moving forward. "This measurement will not only give us a snapshot of the company's current position but also help identify areas that need further enhancement and development," Arifin added. The RMI measurement process marks a strategic starting point for PTPN III (Persero) to strengthen its risk management system. With a thorough evaluation and recommendations from BPKP, PTPN III (Persero) aims to elevate its risk management maturity to meet government standards and shareholder expectations.

The kick-off meeting agenda was attended by the Coordinating Team for the Oversight of Plantation Enterprises, the Head of the Internal Supervision Division of PTPN III (Persero), the Head of the Risk Management Division, and representatives from the subholding entities and subsidiaries of the Nusantara Plantation Holding, all joining online.