Strategic Initiatives of Multinational Corporations in Environmental Sustainability in Indonesia: Case Study of Allianz and PT Azbil Corporation

Abstract

Sustainability in environmental aspects is a critical focus area that requires increased attention due to the deteriorating condition of the Earth. One of the significant impacts of environmental issues is climate change, which has prompted multinational companies to become involved in efforts toward environmental sustainability, including in Indonesia. The involvement of multinational companies such as Allianz and Azbil Corporation in environmental sustainability is driven by their desire to address environmental challenges and their social responsibility as companies operating in Indonesia. This study aims to examine the implementation and efforts of Allianz SE and Azbil Corporation in promoting environmental sustainability in Indonesia using a descriptive qualitative analysis method. The findings of this study indicate that Allianz promotes sustainability through various CSR programs, including funding organizations involved in waste management, establishing waste banks, planting mangroves in several locations, participating in global waste cleanup movements, and other successfully implemented initiatives. Azbil Corporation contributes to sustainability by providing training to partner company operators, which positively impacts both the sustainability of the partner companies and sustainable energy conservation efforts. The success of these two companies in advancing environmental sustainability in Indonesia is evident from the large number of CO2 carbon emission reductions by Azbil Corporation and the various programs implemented by Allianz.