Celebrating ASEAN Synergy, ERMA Announces ASEAN Risk Awards 2025

The Enterprise Risk Management Academy (ERMA) proudly announces the winners of the ASEAN Risk Awards 2025, an annual recognition that celebrates excellence in risk management across Southeast Asia.

Carrying the theme “ASEAN Synergy”, the 2025 awards highlight the importance of recognizing organizations and individuals who have made significant efforts in promoting cooperation, driving innovation, and building resilience in managing risks throughout Southeast Asia.

Following a rigorous nomination and evaluation process, winners from various organizations and individuals have been selected based on their outstanding achievements, innovation and leadership. Representing a diverse range of industries across Southeast Asia, these winners reflect how risk management principles are increasingly essential and adaptable across different sectors.

The awarding night was held in Kuala Lumpur, Malaysia, on 4 July 2025, gathering leaders and professionals from across the region. In the organizational categories, this year’s ASEAN Risk Awards recognizes excellence through six distinct honors:

● ASEAN Risk Champion Award (Category 1) - Labamu, Indonesia

● ASEAN Risk Champion Award (Category 2) - PT Riau Andalan Pulp and Paper (Asia Pacific Resources International Limited / APRIL Group), Indonesia

● ASEAN GRC Award (Category 2) - FGV Holdings Berhad, Malaysia

● Risk Innovation & Technology Award - Metropolitan Electricity Authority, Thailand

● Public Initiatives Award - PT Jasa Raharja, Indonesia

● Risk Culture Award - RHB Banking Group, Malaysia

● Environmental & Social Risk Management (ESRM) Pioneer Award - PT Riau Andalan Pulp and Paper (Asia Pacific Resources International Limited / APRIL Group), Indonesia

Category 1 refers to organizations with sales turnover of less than USD 75 million or fewer than 200 employees, while Category 2 includes organizations with sales turnover exceeding USD 75 million or more than 200 employees.

For the ASEAN GRC Award Category 1, the committee has decided not to present an award this year, as the submissions did not meet the minimum benchmarking standards required to ensure a fair and credible evaluation.

In the individual category, the prestigious title of Risk Professional of the Year is awarded to Setiyo Wibowo from Indonesia.

ERMA conveys its sincere appreciation and congratulations to all the winners and nominees of this year’s awards. ERMA hopes that the achievements celebrated at this year’s ASEAN Risk Awards will serve as an inspiration for other organizations and professionals to continue strengthening their risk strategies and contributing to regional advancement.