Jakarta, Feb. 24 -- Nickel Industries Limited is incorporating climate considerations into all investment decisions and its long-term business strategy, the company said.

"This step is crucial to maintaining business competitiveness and resilience amid growing pressure from a low-carbon economy," Muchtazar, Head of Sustainability at Nickel Industries, said in a statement received in Jakarta on Tuesday.

As a nickel producer supplying the global electric vehicle supply chain, the company noted that climate risks could directly affect energy costs, regulations, financing, and market access.

"Climate change is no longer just an environmental issue; it has become a real and increasingly material business risk," Muchtazar added.

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