The Client
PT Siloam International Hospitals Tbk (Siloam) is Indonesia’s most progressive and innovative healthcare provider, setting the benchmark for high-quality medical services. They now manage 40 locations across the archipelago, including Indonesia’s single largest hospital facility and the region’s centres of excellence in oncology and neurosurgery.
The Challenge
Turnkey was sanctioned to implement an ESG framework within the organisation’s infrastructure to enhance the value of the business by decreasing costs and wastage and enabling Greenhouse Gas (GHG) tracking.
In addition to meeting all current and future sustainability goals, other key drivers were identified and addressed:
- Investor requirements for sustainability reporting
- Cost-saving opoortunities from enviromental efficiencies
- Improved reputation and branding
- Increased operational value
- Becoming a net-zero organisation
- A road map to ‘Planet Mark‘ certification
Increase
Company Valuation
Compliance & Framework Reporting
Mitigate
Investment Risk
Data Analysis & Optimisation
Reputation Management
The Turnkey Solution
Initially, Turnkey performed a materiality assessment to engage stakeholders to determine how vital specific environmental, social, and governance (ESG) issues are to stakeholders. This allowed them to select KPIs and set a roadmap for Siloam International Hospitals.
Turnkey then implemented a sustainability infrastructure with Greenhouse Gas (GHG) tracking & reporting software to measure and reduce their carbon footprint, driving them to meet their sustainability goals.
The ESG framework was scaled across the organisation, ensuring a comprehensive sustainability platform that met the requirements of the HKex regulations.
The Results
Our ESG reporting solution ‘Sustanion’ identified potential areas of reduction, which allowed for the creation of more sustainable approaches and ultimately decreased waste and lower costs:
- 20.17% overall reduction in scope 1 & 2 TCO2E emissions since 2019
- 16.76% overall reduction in electricity consumption since 2019
A best practice model was formed and delivered to all locations across the Siloam International Hospitals network. a parter of Turnkey’s is also supporting Siloam in reviewing company policy to improve gaps to achieve better eco-vardis ratings.