Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — ESG Presentation (2025)
24 slides from Pt Medco Energi Internasional Tbk's sustainability presentation, 2025
Slide 1: Energy for Growth: ESG Presentation 2025
ENERGY FOR GROWTH ESG Presentation 2025
Slide 2: Agenda and Disclaimer
Investor Presentation MedcoEnergi’s ESG: Our Approach & Priorities 3 Delivering Results: ESG Progress & Impact 11 Looking Ahead: ESG Focus & Disclosure 18 East Bali PV The following presentation has been prepared by PT Medco Energi Internasional Tbk. (“Company” or “MedcoEnergi”) and contains certain
Slide 3: MedcoEnergi's ESG: Our Approach & Priorities
MedcoEnergi’s ESG: Our Approach & Priorities 3 Bualuang Platform, Thailand – PPE extension successfully secured
Slide 4: ESG Key Messages
ESG KEY MESSAGES • Our core business is to supply reliable, affordable and sustainable energy and natural resources. • Consistent improvement in ESG ratings: improved ESG rating to ‘AA’ - leader category for MSCI ESG rating and B for CDP Climate Change, highest achievable score for Oil & Gas Explora
Slide 5: Anchored in Indonesia, Operate in Southeast Asia and Middle East
ANCHORED IN INDONESIA, OPERATE IN SOUTHEAST ASIA AND MIDDLE EAST Diverse energy mix of Oil & Gas, Clean Power, and Copper & Gold Mining Mexico Yemen Thailand Bualuang, Simenggaris Thailand Tarakan South Natuna West Bangkanai Block A Onshore Receiving Sea Block B Bangkanai Facility, Singapore Beluga
Slide 6: ESG Ratings & Reporting Frameworks
ESG RATINGS & REPORTING FRAMEWORKS AAA We support AA AA A A A BBB BBB As of 2024, PT Medco Energi Member of BB BB Internasional Tbk received an MSCI ESG Rating of AA. MSCI Disclaimer Statement Dec-20 Nov-21 Dec-22 Nov-23 Nov-24 provided in the Closing Slide ASEAN Risk Champion CDP Score Report - Cli
Slide 7: Sustainability & ESG Governance
SUSTAINABILITY & ESG GOVERNANCE Board of Commissioners Reporting line Coordination line Sustainability & Risk Management Committee Corporate (SRMC) Committee and Working Group as part of sustainability and Board of Directors climate change governance Climate Change Energy Transition Working Group Wo
Slide 8: Materiality Assessment and Sustainability Framework
MATERIALITY ASSESSMENT AND SUSTAINABILITY FRAMEWORK Priority Issues Local Communities Labour Practices Transparency Human Rights Business Ethics and Political and GHG Emissions Fair Business Practices Regulatory Environment (Climate Change Actions) Vision, Mission, Values MedcoEnergi Sustainability
Slide 9: Committed to Decarbonization and Maintaining ESG Leadership
COMMITTED TO DECARBONIZATION AND MAINTAINING ESG LEADERSHIP Target net zero for scope 1 & 2 GHG emissions by 2050 and scope 3 GHG emissions by 2060 Emissions reduction Transition to low carbon Emerging physical climate Strategy from existing operations energy portfolio risk management Technologies a
Slide 10: Integrate & Enhance Value Creation
INTEGRATE & ENHANCE VALUE CREATION • • • • 2022 • • • • • • • • • • • • • • • • 2027 • • • • • • 2026 • • • • • 2025 • • 2024 • • • 2023 • 10
Slide 11: Delivering Results: ESG Progress & Impact
Delivering Results: ESG Progress & Impact 11 Sarulla Geothermal Power Facilities, North Sumatra – the world’s largest single-contract geothermal power project
Slide 12: ESG Performance 2019 – 2024 Highlights
ESG PERFORMANCE 2019 – 2024 HIGHLIGHTS GHG Emissions Scope 1 & 2 E&P & MPI E&P MPI In million tCO2e 2019 2020 2021 2022 2023 2023 2024 5.4 4.8 4.6 4.4 4.2 PROPER Gold 3.8 Tanjung Jati “B” Power Services 2019-2024 E Standardized 0.9 0.8 0.9 1.4 1.4 1.4 JOB Pertamina – Medco E&P Tomori 2020-2021, 2023
Slide 13: KPIs & Interim Targets
KPIs & INTERIM TARGETS E&P Scope 1&2 GHG Emissions1,3, million tCO2e • GHG Emissions Reduction Programmes 30% reduction from Base Year Implementation by Assets ACHIEVED . • Disclose Scope 3 and set targets by 2025 5.4 4.8 4.6 4.4 4.2 3.8 20% 30% • Adopt renewable energy sources and expand Natural Ca
Slide 14: GHG Emissions Reductions, Actions and 2024 Achievements
GHG EMISSIONS REDUCTIONS, ACTIONS AND 2024 ACHIEVEMENTS ▪ There are 43 emission reduction initiatives implemented in 2024 Emission Reduction Contributors in 2024 ▪ Total emission reduction of 181,727 tCO2e/year peak accompanied by a one-time reduction of 53,713 tCO2e in 2024 Emission Reduction No In
Slide 15: Health and Safety Culture
HEALTH AND SAFETY CULTURE Oil & Gas - Employee 2022 2023 2024 Oil & Gas and Power TRIR 2017-20241,4 Number of Fatalities 0 0 0 1.20 Lost Time Incident Rate2,3 0.00 0.00 0.00 0.96 0.99 1.00 0.92 Total Recordable Incident Rate3 0.00 0.20 0.00 0.90 0.84 0.81 0.75 0.70 0.77 Oil & Gas - Contractor 2022 2
Slide 16: Creating Opportunities for Our Communities
CREATING OPPORTUNITIES FOR OUR COMMUNITIES Our Primary Focus Promoting Health Empowering Local Economies Infrastructure Development Social Investment in Environmental Education Conservation Programme1,2 (USD) 2019 2020 2021 2022 2023 2024 Sustainable livelihoods 712,012 625,353 524,287 1,132,176 1,2
Slide 17: Strengthening Corporate Governance
STRENGTHENING CORPORATE GOVERNANCE ISO37001:2016 ABMS Certification: Progressive increase of assets certified Block B received ISO MPI subsidiaries (MEB/DEB, ELB, • P2P in Oil & Gas Domestic, MPI Head Office 37001 ABMS, 1st certified TJBPS) and JV (JOB Tomori) received ISO 37001 ABMS re-certificatio
Slide 18: Looking Ahead: ESG Focus & Disclosure
Looking Ahead: ESG Focus & Disclosure 18
Slide 19: Carbon Capture & Storage (CCS) Opportunities
CARBON CAPTURE & STORAGE (CCS) OPPORTUNITIES Medco operates 12 producing PSCs in Indonesia with significant CO2 Storage potential Potential Storage Hubs >1 Gt High CO2 Gas Field Developments 0.5 Gt CCS Opportunities CCS Progress • CCS technology can unlock development of Medco high CO 2 gas • CCS is
Slide 20: Just Transition Plan
JUST TRANSITION PLAN Workers Communities Suppliers Women Children Indigenous People Migrant Worker 20 Vulnerable Groups
Slide 21: Emerging Disclosure Frameworks
EMERGING DISCLOSURE FRAMEWORKS • ISSB standards (IFRS S1 on General Requirements for Sustainability related Financial Disclosures and IFRS S2 on Climate-related Disclosures) released on 26/06/2023. • Government of Indonesia: roadmap for implementation - December 2024; adoption of standards – 1/1/202
Slide 22: Sustainability Reporting
SUSTAINABILITY REPORTING Reports in accordance with the 2016 GRI Standards and its subsequent updates Improved quality of disclosure in our reporting by increasing the number of GRI performance indicators disclosed and assured by Ernst & Young year-on-year 2024 101 indicators 2023 96 indicators 2022
Slide 23: Well Positioned to Capitalise on Growing Energy Demand and Transition
WELL POSITIONED TO CAPITALISE ON GROWING ENERGY DEMAND AND TRANSITION Building diversification and resilience for the long term Expanding successful Oil & Gas Investing in Clean & Renewable business model to support Power and in Copper Mining to ffordable growing energy demand A capture long-term gr
Slide 24: Thank You
MedcoEnergi MedcoEnergi MedcoEnergi Sustainability Policy Sustainability Report Climate Change Strategy PT Medco Energi Internasional Tbk The Energy Building 53rd Floor SCBD Lot 11A Jl. Jend. Sudirman, Jakarta 12190 Indonesia P. +62-21 2995 3000 F. +62-21 2995 3001 E. investor.relations@medcoenergi.
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