Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Energy
• Emissions
• Social Society
• Occupational Health and Safety (K3)
• Legal Compliance
• Reclamation and Rehabilitation
• Partnership
• Employment

Environmental Achievements

• Achieved Green PROPER rating in 2020 for PT Adimitra Baratama Nusantara (ABN), PT Trisensa Mineral Utama (TMU), and PT Indomining (IM).
• Used 1,909,604 kg of palm shells and fiber as alternative fuel for boilers, reducing diesel consumption.
• Developed a multi-function forest area (arboretum) of approximately 40 hectares.

Social Achievements

• Provided assistance for monthly contributions of BPJS Kesehatan - JKN KIS (class III) for 600 underprivileged people.
• Implemented various health protocols to minimize the spread of COVID-19.
• Invested US$1.4 million in CSR programs focusing on education, health, economy, and socio-culture.

Governance Achievements

• Implemented a Whistleblowing System (WBS) policy.
• No legal cases related to corruption were reported in 2020.
• Consistently implemented Good Corporate Governance (GCG) principles.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted operational performance, particularly in coal sales, and construction projects due to supply chain disruptions.
• Fluctuations in coal and fuel prices.
• Interest rate risks.
• Weather risks.

Mitigation Strategies

• Implemented cost and production efficiency measures.
• Renegotiated with partners.
• Sought new target markets.
• Maintained strict health protocols.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Development of renewable energy projects.

Reporting Standards

Frameworks Used: GRI Standards: Core Option, POJK 51/2017

Certifications: ISO 14001, OHSAS 18001, ISO 9001, ISO 45001

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 15 (Life on Land)

Initiatives such as renewable energy projects, arboretum development, and waste management programs contribute to these goals.

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced energy intensity in coal segment by 17%
• Utilized palm shells and fiber waste as alternative energy in palm oil plantation, reducing diesel fuel consumption.
• Maintained emission standards for NOx, SOx, and other particulate air pollutants within limits.

Social Achievements

• Maintained zero fatality and Lost Time Injury Frequency rate.
• Distributed more than 1,000 staple food packages to community members.
• Invested over a quarter of a million USD for community development programs.

Governance Achievements

• Established an Enterprise Risk Management (ERM) department.
• Launched a whistleblowing system.
• Established an Environmental, Social, and Governance (ESG) department.

Climate Goals & Targets

Environmental Challenges

• Pandemic restrictions affected business operations.
• Fluctuating coal prices, fuel prices, interest rates, and weather risks.
• Potential negative impacts on communities from operations (noise, pollution, air quality).

Mitigation Strategies

• Developed a wide risk management system.
• Implemented mitigation measures to address potential negative impacts on communities (embankments, watering roads, etc.).
• Phased out coal mining operations by 2030.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Use of licensed and certified lubricants and chemicals.

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Landslides

Transition Risks

• Phasing out of fossil fuels.

Opportunities

• Investment in renewable energy and electric vehicles.

Reporting Standards

Frameworks Used: GRI, POJK 51/2017

Certifications: ISO 14001, ISO 45001, ISO 9001

Third-party Assurance: Internal

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)

Investments in renewable energy and electric vehicles; commitment to carbon neutrality.

Sustainable Products & Innovation

• Two-wheeled electric vehicles (Electrum).

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Renewed commitment to managing environmental impact through systematic control of environmental impacts of operations in waste management, reforestation, energy efficiency, greenhouse gas monitoring, biodiversity, and climate-friendly innovation.
• Reduced environmental costs by 61.6% compared to the previous year (USD 280,735).

Social Achievements

• Distributed USD 536,473 to education, health, economic, and socio-cultural programs.
• Maintained zero incidents of contract violations in relation to regulations concerning products.

Governance Achievements

• Renewed participation in the UN Global Compact.
• Established an independent ESG Committee in early 2023 to review practices and performance related to environmental, social, and governance.

Climate Goals & Targets

Environmental Challenges

• Global market disruption from the conflict between Ukraine and Russia, resulting in changes in inflation rates, interest rates, and exchange rates.
• Weather conditions and availability of tools and spare parts affecting coal production targets.
• Climate crisis impacting the timeline of transformation to renewable energy.

Mitigation Strategies

• Restructuring capital to support business transformation through bond issuance.
• Considering climate scenarios for business development and adjusting the roadmap accordingly.
• Developing renewable energy businesses and electric vehicles.
• Implementing enterprise risk management (ERM) to mitigate potential risks.

Supply Chain Management

Responsible Procurement

• Ensuring suppliers comply with TBS’s Code of Ethics and Conduct and applicable laws and regulations.

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters

Transition Risks

• Reputation
• Regulation (carbon pricing, carbon tax)
• Market

Opportunities

• Development of renewable energy and electric vehicle businesses.

Reporting Standards

Frameworks Used: GRI Standards, TCFD, UNGC

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, PROPER Blue

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation, and Infrastructure)
• SDG 13 (Climate Action)

TBS's initiatives contribute to these goals through renewable energy development, job creation, sustainable business practices, and emissions reduction.

Sustainable Products & Innovation

• Electric vehicles (Electrum)

Awards & Recognition

• Numerous awards received by subsidiaries for zero accidents, environmental compliance, and community development.

Environmental Metrics

ESG Focus Areas

• Carbon Neutrality
• Safety, Health, and Wellbeing
• Stakeholder Engagement

Environmental Achievements

• Achieved 11.7% CO2 emission reduction in coal mining sector
• 17% reduction in water withdrawal in palm oil sector
• Identified 4,097 ha of conservation area through High Conservation Value (HCV) Assessment in the palm oil sector
• Completed energy audit and life cycle assessment across power entities
• Completed biodiversity assessment across power entities
• Completed water audit across power entities
• Achieved >90% revegetation target across mining entities

Social Achievements

• Allocated USD 1,467,513 towards education, health, economic, and socio-cultural initiatives
• Employed 1,118 local workers
• Facilitated 1,909 hours dedicated to skills development
• Achieved annual target to increase women’s representation in leadership roles
• Attained 100% of whistleblowing cases resolved across Coal Mining, Power Plant, Palm Oil, and Waste Management sectors
• ZERO Fatalities

Governance Achievements

• Established an independent ESG Committee
• Implemented a comprehensive whistleblower system

Climate Goals & Targets

Environmental Challenges

• Fluctuating coal prices impacting operational costs and economic performance
• Geopolitical tensions impacting commodity prices
• Regulatory risks in waste management business
• Providing access to clean and affordable energy at an equitable price point
• Building electrical networks in remote areas

Mitigation Strategies

• Diversification into renewable energy, electric vehicles, and waste management
• Strategic partnerships with GoTo and other companies
• Prudent management, rigorous cost control, and careful budgeting
• Collaboration with transmigrant communities to create integrated biomass areas
• Development of a transition framework shared with potential investors and lenders
• Collaboration with financial institutions like Bank Mandiri and DBS Bank Singapore

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Evaluation of suppliers for social and environmental compliance

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters

Transition Risks

• Regulatory changes
• Carbon pricing
• Carbon taxation

Opportunities

• Renewable energy
• Electric vehicles
• Waste management

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD recommendations, SEOJK Number 16/SEOJK.04/2021, IFRS S2 Climate-related Disclosures

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 15 (Life on Land)
• Goal 16 (Peace, Justice, and Strong Institutions)

TBS2030 goals are aligned with these SDGs

Sustainable Products & Innovation

• Electrum H5 electric motorcycle

Awards & Recognition

• Asia Sustainability Reporting Rating (ASRRAT) - Gold
• Katadata Corporate Sustainability Awards (KCSA)