CCRcorp Sites  

The CCRcorp Network unlocks access to a world of insights, research, guides and information in a range of specialty areas.

Our Sites


A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.


An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.


The “one stop” resource for information about responsible executive compensation practices & disclosure.

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.


Keeping you in-the-know on environmental, social and governance developments

According to Financial Times,

Nickel companies are driving a record year for public listings in Indonesia, in a crucial test of investor enthusiasm for President Joko Widodo’s ambition to make the country a top participant in the global electric car market.

Indonesia “holds the world’s largest nickel reserves – a key metal used in batteries – and is the biggest producer of the commodity.” The President “banned the export of raw nickel to encourage more battery makers to build domestic factories to process it… Now the public listings of nickel companies are set to test foreign institutional investor interest in Widodo’s vision, despite Indonesia still being seen as a fragile emerging market with volatile equities.”

The country is mineral-rich. Tin is one of Indonesia’s main global exports, along with other metals necessary for growing EV and decarbonization markets. But as the article points out:

“It is not only nickel producers heading for the [IPO] market. Amman Mineral International, Indonesia’s second-largest copper and gold miner, is planning an IPO of up to $1bn in the first half, according to a person familiar with its plans. Copper is another essential material in electric vehicles.”

Widodo’s nationalistic vision for his country’s industry is not the only thing investors may find challenging. Indonesia’s mining sector is known for a persistent absence of environmental and human rights controls even in formalized mining. Years of industry efforts to improve mining practices in Indonesia conflicted with cultural norms and economic realities and have seen limited success. The outlook for meaningful change in the future is unfortunately not optimistic.

What This Means

Due to Indonesia’s importance in global mineral production, the country’s increased growth has several implications for the broad market. Two of the most complicated matters are:

  • Potential IPO investors who have ESG guidelines will be challenged by having to balance fundamental investment economics and climate sensitivities/decarbonization of their investment portfolios with political stability concerns and social/human rights impacts of opportunities.
  • As more investors jump in, manufacturers will see increased volumes of Indonesian raw materials and batteries. Corporate procurement are sure to face choices balancing pricing, availability and corporate responsible supply chain commitments.

You know what Kermit the Frog said: “It ain’t easy being green.”

Back to all blogs

The Editor

Lawrence Heim has been practicing in the field of ESG management for almost 40 years. He began his career as a legal assistant in the Environmental Practice of Vinson & Elkins working for a partner who is nationally recognized and an adjunct professor of environmental law at the University of Texas Law School. He moved into technical environmental consulting with ENSR Consulting & Engineering at the height of environmental regulatory development, working across a range of disciplines. He was one… View Profile