Sustainability Accounting

International Accounting
Andalas University

Safira Annisa & Rofifah Rizda

1710532066 & 1710533010

Reaction Paper of Economic Performance

Based on our group discussion, we have the same GRI with a different company, namely GRI
201: Economic Performance between PGN and Sawit SumberMas Sarana. Throughout 2018,
the company Rofifah Rizda chose, namely Sawit SumberMas Sarana succeeded in increasing
sales and profits compared to 2017. A portion of the income earned is distributed to each
stakeholder, which includes dividends, taxes and surrounding community empowerment.

In carrying out company operations, risk and opportunity management is always

carried out related to climate change. In 2018, there were no significant financial impacts as a
result of managing climate change issues. Throughout the year there was also no financial
assistance from the government in the form of tax breaks, subsidies and other incentives.

The commitment from Sawit SumberMas Sarana is that all operational activities must
provide maximum benefits for the progress of the country. As an obedient taxpayer, the
company is always consistent in complying with all state regulations including paying taxes
on time. And Sawit SumberMas Sarana as a palm oil industry company with a large business
scale feels it is important to synergize with various parties, especially in the supply of goods
and services to support the smooth production activities of the company. For this reason, a
good relationship with the suppliers of goods and services is always maintained.

In different company, in the PGN company that safira chose. As the national gas
provider, PGN is a significant economic driver. PGN is committed to build a prosperous
nation and improve its stakeholders’ profitability through performance excellence. In the
specific topic of Economic Performance the contribution is explained PGN on the economy
of its stakeholders, namely the state, investors, employees, consumers, suppliers and the
public. In addition, contributions PGN on the economic system at the local, national and
global level. PGN apply efficiency in all company activities to increase profitability with an
eye on conservation and maintaining their employees’ well-being

This topic also illustrates the flow of capital among stakeholders different, and the
main economic impact of PGN on all public. Based on GRI Standards, in the Economic
Topics there are 6 specific topics and 13 disclosures that must be disclosed. While in 2018,
PGN only reported 3 topics namely the Sixth topic, among others economic performance,
indirect economic impacts, and anti-corruption. Disclosure of Economic Topics that have not
fulfilled by PGN on the grounds that it is not disclosed, not implemented or the company did
not do anything in its operation for the reasons these topics are not significantly influence
stakeholders, development, sustainability, legislation. employees, suppliers and consumers.
The strategies are aimed to improve our performance and bring the greatest impact to every
shareholder.