Ethics & Governance > Corporate Social Responsibility
Corporate Social Responsibility
KRAKATAU STEEL CARES THROUGH CSR (CORPORATE SOCIAL RESPONSIBILITY) PROGRAM
The concern to its surrounding community shows the Company’s sensitivity or Corporate Social Responsibility. With the presence of PT Krakatau Steel’s steel industry in Cilegon Banten, efforts continue to be done through Krakatau Steel Carling program.
Krakatau Steel’s CSR activities involved several business units, including:
- PKBL Division
- Baitul Maal which collects zakat infaq and shadaqah for scholarship provided to 1200 dhuafas
- Citizen Education Foundation
- Union Labor
- Sports and Arts Development Committee
CSR in Krakatau Steel is implemented as a mandate of the 2007 Law Number 40 about Limited Liability Company, in particular Chapter V about Social and Environmental Responsibility, Article 74. Whereas PKBL implementation is based on the 2003 Law Number 19 about State-Owned Corporation (Article 88) and the State Minister Regulation of State-Owned Corporation Number PER-05/MBU/2007, April 27 2007 concerning Small Entrepreneurship Partnership Program and Community Development Program.
Krakatau Steel’s concern to small entrepreneurship started in 1992, since the establishment of a business unit called Small Industries Development Division (SIDD) within the Krakatau Steel’s area. Other aspects related to CSR or Community Development (CD) has started since the Krakatau Steel’s existence in the CIlegon Banten Region.
Since 1992 to 2010, the Partnership Program has developed 8,468 business development partners benefiting from rolling fund loans, including 5,995 industrial sectors, 1,819 commercial sector, 94 agricultural sector, 166 animal husbandry sectors, 196 fishery sectors, and 198 service sectors. Total distribution reached Rp 93,759,193,284.
Another Partnership Program in the form of grants, training and education, comparative study, promotions, and exhibitions since 1992 until 2010 has been provided to 4,467 small entrepreneurship development partners with total funding of Rp 11,143,855,321. To date PT Krakatau Steel (Persero) Tbk has developed 12,167,935 small entrepreneurs as development partners with total funding of Rp 108,230,913,944.