Chandra Asri’s Energy Business, Aster, Receives The Asset Triple A Sustainable Finance Award
Jakarta. Aster Chemicals and Energy Pte. Ltd. (Aster), part of the Chandra Asri Group, recently won the Best Sustainability-Linked Loan at The Asset Triple A Sustainable Finance Awards 2026 (Singapore category), in recognition of its landmark $1 billion sustainability-linked term loan facility.
The award underscores Aster’s commitment to embedding sustainability into its financing strategy and operational transformation, aligning funding structures with measurable environmental performance targets. The facility supports Aster’s ongoing investments to enhance feedstock flexibility, improve energy efficiency, and strengthen long-term operational resilience.
This recognition reflects the Chandra Asri Group’s broader commitment to advancing sustainable industrial development in Indonesia and the region. As Indonesia accelerates its energy transition and industrial upgrading agenda, sustainable financing plays a vital role in mobilising capital responsibly and competitively.
“We are honoured that Aster’s sustainability-linked loan has been recognised by The Asset. This award reflects our disciplined approach to aligning financial strategy with operational performance and sustainability outcomes,” Andre Khor, Group CFO of Chandra Asri Group, said.
For Indonesia, sustainable financing is not just about capital – it is about credibility, transparency, and long-term competitiveness.
“As one of the country’s leading integrated energy and chemicals platforms, we are committed to setting high standards in governance, operational excellence, and responsible growth,” Andre Khor said.
The $1 billion facility incorporates sustainability performance targets linked to environmental metrics, reinforcing accountability and aligning stakeholder interests across lenders and the Group.
Chandra Asri Group remains focused on strengthening Indonesia’s downstream energy and chemicals ecosystem, enhancing supply chain resilience, and positioning the platform to compete effectively in evolving global markets.
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