28 Consistent Transformation Toward Fit for Future Konsisten Bertransformasi untuk Menuju Masa Depan yang Sehat Ikhtisar Kinerja Keuangan Financial Performance Highlights Laporan Manajemen Management Report Profil Perusahaan Company Profile Analisis dan Pembahasan Manajemen Management Discussion and Analysis Salah satu divisi yang memiliki peran penting dalam implementasi ESG adalah Risk Management. Divisi ini bertanggung jawab dalam mengembangkan kerangka manajemen risiko berbasis ESG, menganalisis dampak risiko iklim, serta memasukkan risiko ESG dalam matriks manajemen risiko korporasi. PT Wijaya Karya (Persero) Tbk (WIKA) is committed to reporting emerging risks as part of its comprehensive long-term risk management approach. The identified risks are derived from a broad, cross-functional risk assessment process. These emerging risks, disclosed in public documents, are newly identified risks that have not yet materialized but pose significant long-term impacts on the company's operations and strategy. Furthermore, the reported emerging risks meet key requirements, including a significant potential impact on the company's operations, long-term implications, external origin of the risks, and the availability of mitigation actions formulated to reduce future impacts. This report provides stakeholders with valuable insights into WIKA's preparedness for unforeseen long-term challenges. No Potential Risk Risk Event Category Impact Mitigation Plan Entity 1 Infrastructure budget repositioning that may affect project prioritization, funding unpreparedness that causes delayed tendering schedule Market and Macroeconomics Impairment of contract turnover 4. Seek market share outside of APBN funding. 5. Coordinate with the Ministry of BUMN to obtain information related to BUMN CAPEX related to WIKA'S core business. 6. Improve the effectiveness of supply chain management related to vendors who provide competitive prices so as to increase the effectiveness of tender acquisition. All WIKA Entities 2 Limiting carbon emissions in construction industry Social and Environmental Decreased company reputation, loss of stakeholder trust 1. Adopt environmentally friendly technologies and sustainable building materials and implement efficient green construction practices. 2. Identify baselining and develop a company decarbonization roadmap. 3. Increase awareness and capabilities needed to support carbon emission reduction. All WIKA Entities 3 Macroeconomic geopolitical conditions that have the potential to increase raw material prices Market and Macroeconomics 1. Realization of the project RAB exceeded the plan due to an increase in the main raw material (rebar & profile steel) 2. Project RAB realization exceeded the plan due to an increase in import-export logistics costs 1. Renegotiate with steel and rebar factories that have contracted with WIKA. 2. Conduct VA/VE related to the use of steel, rebar in coordination with the project team and operations division. 3. Expanding vendor network through vendor engagement program. All WIKA Entities EMERGING RISK WIKA juga telah memetakan emerging risk dalam lima tahun ke depan sebagai langkah antisipasi terhadap risiko yang berpotensi memengaruhi keberlanjutan perusahaan. Identifikasi risiko ini diperbarui secara berkala dalam risk register, memastikan bahwa WIKA dapat mengembangkan strategi mitigasi yang lebih proaktif. Beberapa risiko utama yang telah diidentifikasi meliputi pembatasan emisi karbon di industri konstruksi, kondisi geopolitik yang berdampak pada harga bahan baku, serta perubahan kebijakan anggaran infrastruktur. Untuk mendukung transparansi dan akuntabilitas, dokumen emerging risk ini telah diunggah di situs resmi WIKA dan dapat diakses oleh seluruh pemangku kepentingan. WIKA has also mapped emerging risks for the next five years as a step to anticipate risks that may affect the Company's sustainability. This risk identification is regularly updated in the risk register, ensuring that WIKA can develop more proactive mitigation strategies. Some of the main risks that have been identified include carbon emission restrictions in the construction industry, geopolitical conditions affecting raw material prices, and changes in infrastructure budget policies. To support transparency and accountability, this emerging risk document has been uploaded to WIKA's official website and can be accessed by all stakeholders. One of the divisions that plays an important role in ESG implementation is Risk Management. This division is responsible for developing an ESG-based risk management framework, analyzing the impact of climate risk, and including ESG risk in the corporate risk management matrix.
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