An innovative approach to strategy, culture and community impact helped PT Mowilex Indonesia earn Deloitte’s Best Managed Companies for the third year in a row at the Deloitte’s Awards Ceremony in Grand Hyatt Jakarta this month.
The 2024 recognition puts Mowilex, a producer of premium paints and coatings, in an exclusive network of just 1,300 global brands to win this prestigious award.
According to Mowilex CEO Niko Safavi, they impressed the independent judging panel with their commitment to building community connections across all stakeholders.
“It all starts with our commitment to innovation, plus a focus on environmental responsibility, ethics and building meaningful connections with our communities, employees and stakeholders. Mowilex takes a unique approach to corporate strategy, culture and governance, and that’s what helped us earn our third annual award from Deloitte. We’re proud to be recognised as a market leader, and we continue working hard to be Indonesia’s most trusted paint brand,” says Safavi.
Since winning its previous Deloitte award in 2023, Mowilex has further expanded its environmental, social and governance (ESG) initiatives.
The company, which became Indonesia’s first certified carbon neutral manufacturer in 2019, earned a fifth consecutive carbon neutral certification in late 2023. To do that, Mowilex continues investing in projects that significantly increase the company’s efficiency.
A new Cikande production plant inaugurated in 2023 conserves resources through a zero-waste water system for domestic wastewater, along with skylights and various smart technologies. The updates reduced average monthly electricity use by 4.03% compared to FY2022.
Additionally, the ratio of electricity usage per production output decreased by 3.47%. New solar panels at the Mowilex headquarters cut that facility’s carbon emissions by 22% in 2023, and the company recently completed its pledge to plant 50,000 mangrove trees that are increasing its positive environmental impact across Indonesia.
Mowilex also supports several offset projects that advance United Nations Sustainable Development Goals. For their efforts, the company earned a 2024 Top Brand Award for its strong brand performance and customer loyalty in the Indonesian market, with Frost & Sullivan naming them the Indonesian Company of the Year in 2024, praising its eco-friendly products and resource-efficient operations.
The company has also earned Green Label certification in both Indonesia and Singapore and supports its local communities with major donations of volunteer time and products – including more than 7,650 donated litres of paint in 2023 alone.
Commenting on the award, Deloitte SE Asia Best Managed Companies Leader How Kiat Chua says that Mowilex has raised the bar in Indonesia.
“The winners of Indonesia’s Best Managed Companies awards stand out for their innovation, purpose-driven value creation, industry leadership, commitment to sustainability, active talent engagement and customer-centric mindset. Having witnessed the evolution of the winners through the awards process, particularly for those who have participated over recent years, it is remarkable to see how they have raised the bar for success among private businesses in Indonesia,” says Chua.
Notes from the Editor: This year’s Best Managed Companies, recognized by Deloitte Private’s flagship program, are located in 46 countries across the Americas, Europe, and Asia Pacific, serving private clients of all sizes. Learn more about Mowilex here
