PT Saratoga Investama Sedaya Tbk (SRTG) is on an investment mission. It is not merely to rake in the moolah but also ensure that it is playing its part for the environment.
One such investment involves funding in AtriaDC, an environmentally friendly data center service provider in the city. Saratoga’s investment in AtriaDC is a form of commitment and support for the acceleration of digitalization to encourage Indonesia’s economic growth, according to a report in Investor.id.
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Saratoga Investment Director Devin Wirawan said that the company also made a new investment in Forest Carbon, a premium carbon project developer company that was established in 2012. “Forest Carbon preserves forests and wetlands, protects biodiversity, and empowers local communities to live prosperously,” he said in a statement.
These activities generate carbon credits that can be used by well-known global companies to participate in supporting efforts to prevent global climate change. According to him, the carbon credit business is one of the potential new industries. Because Indonesia has very large carbon stocks, including rich tropical rain forests (rainforests) and wetlands which are important because Indonesia covers a third of the world’s peatland area. Protecting and conserving Indonesia’s nature is an important investment for Saratoga to have an impact as well as assist in mitigating climate change,” said Wirawan.
He pointed out that SRTG’s investment still prioritizes the principles of prudence, discipline, measurability, and efficiency. This is reflected in the ratio of annual operating expenses to NAV of only 0.3% and the ratio of net borrowings to NAV of only 0.5%. As of June 30, 2022, Saratoga’s net debt position is Rp. 296 billion, much less than the position of March 31, 2022, which is Rp. 3 trillion.
Thanks to the efficiency and positive performance of the investment portfolio, according to Devin, SRTG succeeded in strengthening its financial position in the first semester of 2022. “This efficiency in operating costs and borrowing costs is also part of Saratoga’s investment strategy. With the current debt position, fundamentally Saratoga has a stronger ability to carry out investments in the future,” he said.
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