PT. Ratu Prabu Energi, Tbk
Climate Impact & Sustainability Data (2020, 2023)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility (CSR)
- Health, Safety, and Environment (HSE)
- Good Corporate Governance (GCG)
Environmental Achievements
- Reduced paper usage in operational activities by switching to electronic methods
- Maintained cleanliness of the surrounding environment
- Provided routine fogging assistance to residents
Social Achievements
- Provided routine POSYANDU assistance to residents around Ratu Prabu 2 building
- Provided Sembako packages to residents near Narogong Office yard
- Employs mostly domestic workers
- Supports gender equality in employment
Governance Achievements
- Implemented strict health protocols during the COVID-19 pandemic
- Held two Annual General Shareholders Meetings (AGSMs) in 2020
- Maintained good communication between the Board of Directors, Board of Commissioners, Audit Committee, and management
Climate Goals & Targets
Environmental Challenges
- Weakening global economic conditions due to the COVID-19 pandemic
- Decreased energy consumption due to lockdowns and reduced business activity
- Decline in oil prices
- Limited new contracts in the oil and gas sector
- Strict competition in the oil and gas support service industry
Mitigation Strategies
- Implemented cost efficiency measures
- Implemented strict health protocols
- Applied work-from-home and shift systems for employees
- Sought new opportunities for business diversification
- Provided training to improve human resources
- Maintained good relationships with business partners
Supply Chain Management
Responsible Procurement
- Selection of suppliers based on quality
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Indonesian Financial Accounting Standards (SAK)
Third-party Assurance: KAP Heliantono & Rekan
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility (CSR)
Social Achievements
- Distribution of Basic Necessities in Ramadhan month for residents around the workshop in Narogong, Cileungsi.
- Providing assistance to repair residents houses in the Subsidiary project area in Teluk Betung, Merbau District, Meranti, Riau.
- Providing financial assistance to Orphan at the Mosque, Bagan Melibur Village, Riau.
- Saving electricity use during working hours, saving water, reducing paper usage in operational activities and switching to electronik patterns, to reduce the use of plastics, keeping the environment around the Company’s area clean from waste/garbage, providing assistance for fogging for local community.
Governance Achievements
- The Company is committed and continuously seek to raise the awareness on best practice corporate governance that are important for delivering strong business results and growing Shareholders value.
Climate Goals & Targets
Environmental Challenges
- The Indonesian business in 2023 will also be filled with uncertainty due to the momentum facing the 2024 general election. Business actors prefer to wait for a more certain situation and have referred from making business decisions. This condition indirectly affects the Company’s business.
- business competition, price fluctuations of commodities (services), payment of contract risk, pandemic risk
Mitigation Strategies
- efficiency remains the main focus of the Company’s strategy, improve the quality of services provided, develop the existing network, to provide regular training to employees etc, are strategic step for the Company in facing 2024.
- The Management regularly coordinates with all parties to plan, identify risks to minimize risks.