PT Maharaksa Biru Energi Tbk
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:318.45 tCO2e/year (2022)
Total Energy Consumption:114,231 Kwh/year (2022)
ESG Focus Areas
- Renewable Energy
- Green Industry
- Waste Management
- Smart Technology
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced CO2 emissions by an unspecified amount through the use of environmentally friendly technology in Bio PG production (60% lower than petroleum-based PG).
Social Achievements
- Increased employee count from 14 in 2021 to 137 in 2022 (878% increase).
- Implemented occupational health and safety programs, resulting in zero accidents in 2022.
- Unspecified philanthropic activities focusing on social care and community welfare.
Governance Achievements
- Implemented Good Corporate Governance (GCG) principles, including transparency, accountability, responsibility, independence, and fairness.
- Successfully conducted Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting of Shareholders (EGMS).
- Established a Whistleblowing System (WBS) to prevent fraud and encourage transparency.
Climate Goals & Targets
Long-term Goals:
- Revenue contribution from the PSEL West Jakarta project (2026).
Medium-term Goals:
- Construction of a wood pellet plant (Rp224 billion investment) for export to Europe and Japan (Q3 2023).
- Formation of a joint venture company (JV Co) for the PSEL West Jakarta project and completion of Power Purchase Agreement (PJBL) with PLN and waste purchase agreement (Q2 2023).
Short-term Goals:
- Fulfillment of wood chip needs (15,000 tons/year) through cooperation with Koperasi Energi Terbarukan Indonesia (Kopetindo) for supply to PLTU Air Anyir (end of 2023).
Environmental Challenges
- Economic conditions (interest rate hikes, inflation, economic slowdown).
- Credit risk from extending credit to customers.
- Liquidity risk (short-term income insufficient to cover expenses).
- Foreign currency exchange rate fluctuations.
Mitigation Strategies
- Careful monitoring of economic conditions and cautious application in business activities.
- Credit verification procedures for customers and continuous monitoring of receivables.
- Regular evaluation of cash flow projections and maintaining credit facility commitments.
- Monitoring of foreign currency exchange rate fluctuations.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Bio Propylene Glycol (Bio PG)
- Bio Ethanol
- Wood pellets
- Wood chips
- Waste-to-energy solutions