Pertamina Geothermal Energy Tbk

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Achieving an Excellent Leadership Rating, Pertamina Geothermal Energy Proves Business Resilience

Optimizing geothermal potential as a clean energy source is believed to have a bright future in Indonesia. PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) as one of the geothermal industry players is considered to have made a positive contribution to supporting the availability of clean energy to the Indonesian people.

"To ensure sustainability and support for the realization of clean energy, this must also be carried out through the implementation of business practices that are environmentally, socially and governance responsible," said PT Pertamina Geothermal Energy Finance Director Nelwin Aldriansyah, in his statement in Jakarta, Thursday ( 11/30/2023).

Nelwin expressed his views after PGE received a high rating appreciation with the Leadership A predicate at the 2023 ESG Disclosure Transparency Awards which was held at the Thamrin 9 Hotel in Jakarta, Wednesday (29/11/2023). This award is an activity organized by InvestorTrust, an economic data and news portal, in collaboration with the Bumi Global Karbon Foundation (BGK Foundation).

Nelwin said that future business cannot be separated from how industry players run their business in a sustainable and transparent manner. "Of course we are very grateful for this award from InvestorTrust. This award not only reflects PT Pertamina Geothermal Energy Tbk's dedication to sustainability, but also confirms our position as a leader in the transparency of environmentally, socially and corporate governance responsible business practices, " he said.

Nelwin further said that this appreciation inspired the Company to continue to grow in the future. "This award is a trigger for us to continue providing access to reliable and affordable clean energy for all Indonesian people," concluded Nelwin.

The 2023 ESG Disclosure Transparency Awards are an award based on the ranking and assessment of ESG factors in the Sustainability Report (SR).


About PT Pertamina Geothermal Energy Tbk

PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) is part of Subholding Power & New Renewable Energy (PNRE) PT Pertamina (Persero) which operates in the field of geothermal exploration, exploitation and production. Currently PGE manages 13 Geothermal Working Areas (WKP) and 1 Assigned Working Area with an installed capacity of 1,877 MW, of which 672 MW is operated and managed directly by PGE and 1,205 MW is managed under the Joint Operation Contract scheme. The installed geothermal capacity in PGE's working area contributes around 80% of the total installed geothermal capacity in Indonesia, with the potential to reduce CO2 emissions by around 9.7 million tons of CO2 per year.

As a world class green energy company, PGE wants to create value by maximizing end-to-end management of geothermal potential and its derivative products as well as participating in the national and global decarbonation agenda to support Indonesia net zero emissions 2060. PGE has excellent ESG credentials with 13 Gold PROPER award from 2011 to 2022 in the highest environmental compliance award from the Ministry of Environment and Forestry ESG Rating & Engagement.

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