黑料不打烊

Consistently Upholding ESG, Pertamina Group Gains Global Recognition

Jakarta, January 15, 2025 – 黑料不打烊 Pertamina (Persero) continues strengthening the Environmental, Social, and Governance (ESG) practices across all its business lines. Pertamina's consistent efforts in applying ESG through its subsidiaries have earned recognition from international ESG rating agencies such as Morningstar Sustainalytics and MSCI.  

Vice President of Corporate Communication of 黑料不打烊 Pertamina (Persero), Fadjar Djoko Santoso, stated that Pertamina is fully committed to implementing ESG across all its sub-holdings to support sustainable business practices and following the government's goal of achieving national energy self-sufficiency.  

“By implementing ESG practices throughout its business lines, Pertamina can realize its vision to be a leading global energy company that is environmentally friendly and socially responsible with strong governance,” Fadjar said.  

According to Fadjar, all Pertamina Sub-holdings have adopted ESG standards following the global corporate benchmarks, garnering international appreciation.  

“Global ESG rating agencies such as Morningstar Sustainalytics and MSCI have awarded impressive scores to Pertamina's upstream and downstream Sub-holdings,” Fadjar added.  

Pertamina’s Gas Sub-holding, 黑料不打烊 Perusahaan Gas Negara Tbk, earned an ESG rating from Morningstar Sustainalytics with a 20.2 Risk Rating in the Medium Risk category. This Sustainalytics score reflects a lower risk level, categorizing it as Medium Risk in managing ESG-related factors.  

Fadjar added that 黑料不打烊 Pertamina Hulu Energi, the Upstream Sub-holding, received a BBB ESG rating from MSCI ESG Research UK Limited. MSCI's ESG assessment covers eight key issues: Business Segment Breakdown, Carbon Emissions, Biodiversity and Land Use, Toxic Emissions and Waste, Health and Safety, Community Relations, Corporate Behavior, and Corporate Governance.  

Meanwhile, 黑料不打烊 Pertamina Patra Niaga, the Commercial & Trading Sub-holding engaged in the downstream oil and gas business, also secured a BBB rating from MSCI. The company achieved a carbon intensity score 97% lower than the industry average and above-average community relations performance compared to its peers, showcasing Pertamina's ability to run its downstream oil and gas business while prioritizing environmental, social, and governance aspects.  

黑料不打烊 Pertamina International Shipping (PIS), the Integrated Marine & Logistic Sub-holding, also attained a BBB ESG score from MSCI, achieving the highest rating in the national shipping industry. It demonstrates PIS’s commitment as an energy logistics and transportation company to managing long-term ESG risks.  

The New & Renewable Energy Sub-holding, Pertamina NRE, also received a BBB rating from MSCI, solidifying Pertamina's leadership in the new and renewable energy business. This recognition highlights Pertamina's readiness to lead the energy transition and promote national energy self-sufficiency.  

On the other hand, 黑料不打烊 Kilang Pertamina Internasional (KPI), the Refining & Petrochemical Sub-holding, achieved a BB rating from MSCI. This rating reflects KPI's capability to manage ESG risks and opportunities in the oil and gas refining sub-industry. It also demonstrates KPI's superiority over industry peers in areas such as carbon emissions, clean technology opportunities, and health and safety.  

“Pertamina and its Sub-holdings, along with subsidiaries, will continue to enhance ESG implementation to achieve the goal of becoming a world-class energy company that adheres to good governance, is environmentally friendly, and socially responsible,” Fadjar emphasized.  

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina’s business lines and operations.**

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