15 Years in Operation, ICDX Group's Strategy for Sustainability

Jakarta – Indonesia Commodity and Derivatives Exchange (ICDX) is celebrating its 15th anniversary in 2024. For this milestone, ICDX Group has adopted sustainability as its central theme. Since its inception, ICDX Group has built an ecosystem for Futures and Commodity Trading (PBK) comprising ICDX Exchange, Indonesia Clearing House (ICH) for Clearing, Guarantee, and Transaction Settlement, and later, in 2016, ICDX Logistics Berikat (ILB).

Fajar Wibhiyadi, CEO of ICDX, stated, “Our 15-year journey is both an experience and a foundation for ICDX Group to continue contributing to society. This is also a challenge for ICDX Group in expanding its reach even further. Moving forward, we will implement strategic actions framed around sustainability, reflecting ICDX Group’s commitment. These actions will focus on building a better industry, a better community, and a better world. We hope that these ongoing efforts will positively impact the commodity futures trading industry, society, and the world at large.”

Regarding "a better industry," ICDX Group aims to develop the commodity futures trading industry. Several steps are underway and will continue, including maximizing the uptake of derivative products as a means of hedging, speculation, and financial inclusion, promoting Islamic commodities to enhance Indonesia's Islamic banking sector, and innovating transaction systems for commodities with personalized markets and efficient flows.

For "a better community," ICDX Group has already undertaken and will continue implementing initiatives that directly impact society. Corporate Social Responsibility (CSR) programs will be rolled out as part of ICDX Group’s social responsibility to the community. Additionally, through ICDX Academy, the company will continue to enhance public literacy about the Futures and Commodity Trading industry, providing accurate and comprehensive information.

In terms of "a better world," ICDX Group has implemented Go Carbon Neutral since 2022, planting 1 million mangrove trees. Recently, ICDX Group launched the Carbon Calculator, a platform for calculating emissions for industry stakeholders. The company also emphasized the "green metal" initiative through the Clean Metal Initiatives to achieve industrial decarbonization and promote carbon-free products as a step toward a cleaner, more sustainable future.

Notably, ICDX Group has shown positive growth in transaction volumes over the past three years. In 2021, the total transaction volume at ICDX Group reached 9,890,507 lots, consisting of 1,264,028 lots from multilateral transactions and 8,626,479 lots from Alternative Trading System transactions. In 2022, the total transaction volume reached 10,162,658 lots, with 1,877,512 lots from multilateral transactions and 8,258,146 lots from the Alternative Trading System. In 2023, the total transaction volume grew to 12,429,818 lots, with 3,145,592 lots from multilateral transactions and 9,284,226 lots from the Alternative Trading System. For 2024, ICDX Group projects the total transaction volume to reach 14,298,169 lots, with 3,798,169 lots from multilateral transactions and 10,500,000 lots from the Alternative Trading System.