TEMPO.CO, Jakarta - TIME Magazine recently released a list of the top 500 companies in Asia-Pacific. In collaboration with Statista, the American weekly listed 18 Indonesian companies in this prestigious list.

The ranking is based on three main aspects: company revenue growth, employee satisfaction surveys, and rigorous environmental, social, and corporate governance (ESG, or sustainability) data. Pertamina leads among Indonesian companies in 32nd place with a score of 93.00.

Vice President of Corporate Communication of Pertamina, Fadjar Djoko Santoso, stated that after organizational restructuring, Pertamina keeps recording a growing company revenue and profit. “Pertamina's positive performance is driven by the innovation and hard work of all Pertamina officers across Indonesia," said Fadjar in his official statement on Thursday, February 13, 2025.

Astra International, at 118th position, also welcomed TIME Magazine’s recognition, which its representative said coincided with the company’s 68th anniversary in February 2025. "Hopefully, it can be a motivation for Insan Astra, the source of Astra’s strength that leads the company to move alongside the present and future of Indonesia,” Head of Corporate Communications of Astra, Boy Kelana Soebroto, said in his official statement on Thursday, February 13, 2025.

Seven Indonesian companies were ranked among the 200s and above, including Bank Mandiri, Astra International, Bank Rakyat Indonesia (BRI), Adaro Energy, Bukalapak, Wijaya Karya, and Bank Central Asia (BCA).

World's Best Companies by TIME Magazine is an annual list that summarizes the best companies from around the world. This list is based on the survey results by TIME in collaboration with the research institution Statista.

Below is the list of Indonesian companies in the nomination:

1. PT Pertamina (Persero): ranked 32nd, score 93.00

2. PT Bank Mandiri (Persero) Tbk.: ranked 105th, score 88.91

3. PT Astra International Tbk.: ranked 118th, score 88.26

4. PT Bank Rakyat Indonesia (Persero) Tbk. or BRI: ranked 126th, score 87.86

5. PT Adaro Energy Tbk: ranked 158th, score 86.86

6. PT Bukalapak.com Tbk.: ranked 162nd, score 86.66

7. PT Wijaya Karya (Persero) or WIKA: ranked 182nd, score 85.83

8. PT Bank Central Asia (BCA): ranked 196th, score 85.41

9. PT Kalbe: ranked 215th, score 84.76

10. PT Mayora Indah Tbk (Mayora): ranked 236th, score 83.88

11. PT PLN (Persero): ranked 271st, score 82.16

12. PT Bank Negara Indonesia (Persero) or BNI: ranked 282nd, score 81.57

13. PT Garuda Indonesia (Persero): ranked 292nd, score 81.18

14. PT Telkom Indonesia (Persero) Tbk.: ranked 302nd, score 80.62

15. PT Global Jet Express (J&T Express): ranked 322nd, score 79.40

16. PT Antam Tbk.: ranked 441st, score 74.63

17. PT Bank Syariah Indonesia Tbk. (BSI): ranked 461st, score 73.60

18. PT Hero Supermarket Tbk.: ranked 472nd, score 73.45

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