Two companies of Merdeka Group received awards at the Sustainable Business Integrity Index (INSTAR) 2025, held at Hotel Mulia, Jakarta, on 12 December 2025. During the award ceremony, PT Merdeka Battery Materials Tbk and PT Merdeka Copper Gold Tbk were respectively awarded the INSTAR Verified Company Badge and the INSTAR Committed Company Badge.
The INSTAR 2025 Index serves as a form of appreciation for companies assessed as having implemented sustainable and integrity-driven business practices. The program is organized by Tempo Data Science in collaboration with Transparency International Indonesia (TII) and the Institute for Strategic Initiatives (ISI). These institutions play an important role in promoting transparency, accountability, and the strengthening of business governance and democracy in Indonesia.
This year, INSTAR assessed 900 companies out of a total of 1,019 companies that published annual and sustainability reports, including issuers listed on the Indonesia Stock Exchange and non-listed state-owned enterprises. The assessment applied 47 indicators across four key dimensions: Social and Human Rights, Environment, Business Integrity, and Corporate Resilience. Companies scoring 80 or above receive the Verified Badge, while those exceeding the assessment threshold but not yet reaching a score of 80 receive the Committed Badge.
Participating in the INSTAR assessment for the first time, PT Merdeka Battery Materials Tbk achieved an index score of 83.75, making it the only mining company in Indonesia to receive the INSTAR Verified Company Badge in 2025. Meanwhile, PT Merdeka Copper Gold Tbk recorded a total index score of 79.82, an increase of 16.67 percent from its 2024 score of 68.42.
The awards on behalf of the Merdeka Group were accepted by Tom Malik, Head of Corporate Communication of Merdeka. The ceremony was also attended by Deputy Minister of Investment Todotua Pasaribu and Deputy Commissioner for Financial System Stability at the Financial Services Authority (OJK), Agus E. Siregar, who emphasized the importance of integrity and sustainability in national business practices.
The INSTAR 2025 awards reflect the results of an independent assessment of the companies’ governance and sustainability practices. This achievement serves as a reference for the Merdeka Group to continue evaluating and strengthening its business integrity practices and sustainability reporting going forward, in line with evolving regulations and stakeholder expectations.
Main photo: Tom Malik, Head of Corporate Communication, receives the INSTAR Verified Company Badge on behalf of PT Merdeka Battery Materials Tbk. Second photo: Tom Malik, Head of Corporate Communication, receives the INSTAR Committed Company Badge on behalf of PT Merdeka Copper Gold Tbk. Third photo: Representatives of companies receiving the INSTAR Committed Badge.
