We are committed to playing our part in the Sustainable Development Goals, by demonstrating how the private sector can create financially sustainable business models for the good of communities.
Human resources development starts with the people of Saratoga, but extends well into the communities in which we operate. This is because at Saratoga, we recognize our role and ability to affect long-term economic and social development in growth markets as agents of change.
This is exemplified in the way in which we deploy capital, with strong team and a focus on enhancing productivity and creating regional champions through strong commercial discipline, as well as through our engagement in stakeholder dialogue and partnerships, to strengthen the field of sustainable investing more broadly.
We design our corporate social responsibility (CSR) programs with reference to Sustainable Development Goals (SDGs). Our CSR programs stand on three main pillars: Community Empowerment, Environment and Social and Cultural Development.
We have an active year ahead as we work collaboratively with our partners to deliver on our long-term objectives. The SDGs have given businesses the opportunity to bring their expertise, networks and resources to bear in achieving goals that can be transformative for society. We are committed to playing our part in this endeavor and to demonstrating how the private sector can create financially sustainable business models that deliver strong returns and achieve high impact.
Moreover, our corporate social responsibility programs underline our beliefs in that companies must not only do good by their people, but also for the good of their communities. Which is why we continue to pursue our philosophy of investing in people, community and the environment as a way to achieve long-term sustainable development
Education is a powerful and proven lever for sustainable development. Education quality is critical for the success of our future generations. In line with SDG Goal # 4 which commits to achieving inclusive and quality education for all. It also aims to improve opportunities for technical and vocational training, and ultimate improve access to higher education.
In 2016, Saratoga supports Ora et Labora Foundation in the establishment of the first private Vocational School specializing in Electrical Engineering Program (SMK Program Teknik Ketenagalistrikan) in Indonesia. The initiative of Saratoga and Ora et Labora (OeL) is a concrete support to the government in realizing the 35,000-megawatt electricity program by 2019. Saratoga’s initiative is driven by a growing demand from industry players for more skilled manpower in the power-generating sector. Investment in education will create more qualified Indonesians that can contribute positively to the country’s development.
As an active investment company in Indonesia, Saratoga would like to be at the forefront in concerted efforts to prepare quality, educated manpower in the power-generating sector. We hope that with the standards and quality of the faculty and curriculum, this SMK is going to be one of the best vocational schools and will make positive contributions to the industry and country.
In December 2016, Saratoga contributed IDR 2.3 billion to support the construction of the school building and facilities. Saratoga not only as a donor for this project but also encourage our employees to volunteer to be part of the board to assist on the making on the school program, as well as fundraising.
Saratoga also supports the Young Leaders for Indonesia (YLI) Program initiated by McKinsey & Company in 2008, targeting high performing students from leading university in Indonesia and others. The YLI Program aims to build future generations of leaders of Indonesia, specifically by enhancing leadership skills and developing network. In 2016, Saratoga continues to support by encouraging our employees to volunteer as coaches for YLI participants in executing their personal projects, also support our investee companies to join YLI Exclusive Job Fair.
To support SDG Goal # 8 ensures full and productive for all regardless of age and gender. Work should be safe, secure and contribute to sustainable economic growth. Saratoga encourages entrepreneurship and job creation must be implemented. With this policy, Saratoga has developed the one-year Women Empowerment program called “Perempuan Hebat Perempuan Mandiri” or “ Great Independent Women”. This program is aim to support the improvement of the quality of life of women in Indonesia, by providing financial and entrepreneurship training. In April 2016, 80 Indonesian women from lower income families. living around Jakarta had finished the program and became successful culinary businesswomen.
Saratoga continues to enhance synergies with our investee companies and partners in implementing education environmental awareness program.
On 4 November 2016, Saratoga organized the second batch of “To be a New Green Leader”, Saratoga’s way of sharing the 10 days training the trainers program in collaboration with the Eco Learning Camp Foundation. The program provides training to improve awareness, knowledge and skills to Indonesian teachers and local leaders who wish to become a green leader and have the ability to train people in their respective living areas.
The training was held in Eco Camp, an environmental training facility in Bandung, West Java and participated by 56 Indonesian teachers, school leaders, and local leaders from Sumatera, Java, Kalimantan, Celebes, and East Nusa Tenggara. We allocated IDR 160 million for this program.
The pillar of Social & Cultural development is implemented through our social care program, which aims to improve the social conditions and the quality of life for communities living in Indonesia especially around Jakarta
Contributing to social welfare, especially for unfortunate elderly, Saratoga employees celebrated Christmas together with the elderly home in Panti Melania, Rempoa, South Jakarta. Saratoga donated IDR56 million to this elderly home on Christmas day in 2016.
Saratoga collaborated with PT Adaro Energy Tbk., to participate in the Clean Up Jakarta annual event that brings together company volunteers and citizens to raise awareness of the littering issue in the city. Our objective is that every day will be a Clean Up Jakarta day, as we encourage citizens to take responsibility for creating a cleaner national capital. Clean Up Jakarta day 2016 took place on 16 October 2016, with more than 10,000 volunteers in 37 sites turning up to pick up rubbish. Saratoga’s volunteers collected trash and cleaned public places around the Senayan area.
We aim to cultivate and preserve Indonesian arts and culture. In August 2016, Saratoga was one of the sponsors for a theater play “Bunga Penutup Abad” an adapted screenplay from the novel of “This Earth of Mankind” by a well-known legendary author Pramoedya Ananta Toer. This performance aims to strengthen appreciation to Indonesian arts and culture.