PERTAMINA SUSTAINABILITY DIALOGUE

As an entity of the government, Pertamina recognizes the need to push

forward sustainability practices to support the NZE agenda

Government of Indonesia
Oversight and Regulation

Ministry of Finance Ministry of Energy Ministry of State-Owned

& Mineral Resources Enterprises

KILANG PERTAMINA
HULU ENERGI INTERNATIONAL SHIPPING INTERNASIONAL PATRA NIAGA GAS NEGARA NEW AND RENEWABLE ENERGY
Pertamina’s Sustainability Committee Structure
Sustainability Committee duties and responsibilities
Ÿ Supervise and guide sustainability planning, Ÿ Coordinate with the Board and Directors on
implementation, and funding. sustainability efforts.
Ÿ Monitor sustainability targets, performance, and Ÿ Conducting the role of the SOE CSR committee.
external communication.
Committee Chairman
President Director & CEO

Committee Member

Committee Members Committee Members Committee Members

Director of Finance Director of Strategy, Portofolio Director of Integrated Logistics
& New Ventures & Infrastructure

Committee Secretary
SVP Sustainability

Technical Team
1. HSSE 6. Human Capital Development 11. Enterprise IT 16. Enterprise Risk Management
2. Technology Innovation 7. Human Capital Management 12. Procurement 17. Strategy
3. Controller & Reporting 8. Government Program Management 13. Asset Management 18. Legal Counsel
4. Business Development 9. Logistics Integration & Optimization 14. Shared Services 19. Audit
5 Corporate Finance 10. Infrastructure Integration & Optimization 15. Integrated Enterprise Data 20. Corporate Secretary

Operational Team
CEO of all Subholdings, and Subsidiaries

•Sustainability Committee as per Surat Keterangan No. Kpts-21/C00000/2021-S0

Our commitment to sustainability has earned recognition, and we will continue collaborating with partners to enhance our efforts

Pertamina Sustainability Policy Collaborators

“ Energy
PERTAMINA’s ambition is to be a leading and reputable Global
Company and to be recognized as:
Environmentally Friendly
Affiliation
Socially Responsible

Good Governance

PT Pertamina (Persero)

Industry Group:
Sustainalytics 1
ESG Risk Rating Oil & Gas Producer
20.7 1st
Risk Category:
Medium Risk
As of Dec 2023 out of 62
 HULU ENERGI
Industry Group:
Oil & Gas Producer
21.5 6th
Medium out of 167

9th
Industry Group:
KILANG PERTAMINA Refiners & Pipelines 24.2
INTERNASIONAL

Medium out of 82

POWER INDONESIA
Industry Group:
Utilities 13.0 3rd
Low out of 82

GAS NEGARA
Industry Group:
Utilities 24.7 19th
Low out of 95

GEOTHERMAL ENERGY
Industry Group:
Oil & Gas Producer 8.4 3rd
Negligible out of 93
1. Sustainalytics score as per full comprehensive report
CDP Score Climate Score

B
Improved from score D in 2021

Water Security Score

A Leadership C Awareness
B Management D Disclosure B-
First Assessment in 2023

Awards
2023

Most Appreciated ESG Report in Investor Daily Indonesia ESG Appreciation Awards
We started to develop comprehensive ESG Strategy and Roadmap supported by the policies and operating model

1. ESG Vision and Ambition

Validate current sustainability vision and ambition by review of achievements

and sustainability health check survey

2. Materiality Assesment 3. Measures and prioritization 5. Org, focus KPIs,

Develop sustainability strategy for highest governance
Confirm highest impact impact issues – derive quantifiable targets Outline lean & efficient
topics and how they and measures to achieve developed strategy organization and
relate to Sustainable define focus KPIs
Development Goals for performance
assessment, review
4. Flagship Initiatives sustainability skills,
Define flagship initiatives with high influence resources, and systems
on target achievement and proven business
case to support ESG narrative

6. ESG reporting & eco-system management

Provide transparency, generate buy-in from all stakeholders in-and-outside of the company
and actively shape the ecosystem
Pertamina has 10 sustainability focuses in line with the national development priority agenda and SDGs to guide its ESG initiatives
Focus SDGs
ENVIRONMENTAL
Addressing climate change

Protecting biodiversity

Reducing environmental
SOCIAL
Enhancing health and safety

Prevention of major accidents

Respecting and empowering our people

Reorienting innovation and research

Expanding community engagement and impact

GOVERNANCE
Leveraging corporate ethics

Strengthening cyber security

Pertamina’s realization towards its sustainability targets
Pertamina’s realization towards its sustainability targets
Pertamina’s realization towards its sustainability targets

What do you consider to be the most challenging risks for

Pertamina in addressing climate change?

a. Mitigating the physical impacts of climate change

in its operational sites
b. Adapting to market, environment, and social trends
within the energy transition framework
c. All of the above
.

In the context of the energy transition, government policies

do you believe government policies will be on Pertamina's

business processes during the energy transition?

a. Strongly impactful
. b. Moderately impactful
c. Not impactful
 TCFD groups climate-related risks and opportunities into two

Transition Risk Opportunities

Policy and Legal

Technology Energy Source

Risk Opportunities
Market Products/Services

Reputation Markets

Strategic Planning Resilience

Physical Risk Risk Management

Acute

Chronic
Financial Impact

Revenues Assets & Liabilities

Income Cash Flow Balance
Expenditures Capital Financing

Source: TCFD Framework Analysis

Pertamina has conducted study to identify potential physical risks
related to climate change that will impact its own operations

Potential Risk

Business Unit Flood Coastal Landslide Poor Weather Lightning

Immersion at Sea
Upstream
(Onshore & Offshore)

Refining & Petrochemical

Commercial & Trading

Gas

Integrated Marine Logistic

Power & New Renewable

Energy

This study also assess hazard and vulnerability of physical climate risk to Pertamina’s unit
operations in South Sumatera, West Java, and Central Sulawesi.
Potential Impact

Physical damage from flooding,

storm surges, landslide,high winds Loss of access to water
& wave heights

Disruptions on drilling schedule, Physical damage of facilities that

operations, product distribution leads to loss of containment and
to consumers (i.e. crude oil, fuel spill to environment
products)
Pertamina’s study identified 3 scenarios to approach the energy transition considering uncertainties
on economic growth rate and pace of transition
Pertamina has identified two strategic pillars to support its Net Zero aspiration for Scope 1 & 2 and lead into the Energy Transition

STRATEGIC INITIATIVES
BIOFUEL
Biodiesel: B35, aligned with DEN target of B35 up to 2035
Biogasoline: PG95 (E10) nation-wide by 2025, PG92 (E7) in Java by 2029, PG92 (E7) nation-wide by 2030 ahead of DEN target
of E4 by 2030
26 kbpd HVO/SAF capacity2 by 2029, additional potential 60 kbpd by 2034

GEOTHERMAL
Pertamina has strong capability in geothermal given the synergy with upstream development
Expansions: Lahendong, Lumut Balai, Ulubelu and Sibayak
New projects: Kotamobagu, Sungai Penuh, Hululais, Seulawah, Way Ratai
M&A: Project Sirius, Project Turkey

PETROCHEMICAL
Olefin Tuban as main petrochemical project will be onstream in 2028
Developing Blue Ammonia Bintuni will be essential for expansion towards gas-to-chemical
Development and studies of various petchem projects (incl. PP Balongan, Petchem to Pharma, Petchem Dumai)
 Non-exhaustive

NBS & Carbon

Credit Trading

Gas-to-Power Capacity Solar & wind Gas-to-Power Capacity of IPP

of IPP and CPP projects 33 MW and biomass and CPP projects by 2034
by 2034 252 tpa Co-Firing
by 2034

Battery cell & pack Production for refinery Cumulative emission reduction
production1 & export by 2034 from CCS/CCUS
by 2034 by 2034
 Supporting Pertamina’s actions in stepping into the energy transition, we are determined
to foster a strong management of human capital

Ongoing improvements in health

Employee centric operating model and safety performance for permanent
and contractors

participated in respectful
workplace training Are Women
in the company

Employee productivity of

Are millennials

Establishment of a High
Performing Culture
with an employee Of Sustainability
engagement score of organization
implementation Our Total Recordable Incident Rate (TRIR) shows
a constant decrease since 2019, with an exception of 2023
Pertamina is preparing its resources to drive the sustainability agenda and adopt
with the energy transition through Pertamina Sustainable Energy Centre (PSEC)
Pertamina Sustainable Energy Center consists of Pertamina Research and Innovation Center for Sustainable and Low-carbon Technologies,
Pertamina Sustainability Academy, Pertamina Training Institute, Pertamina Vocational Education Center, shared sustainability and low-carbon infrastructure,
labs and test centers, and sustainability start-up hubs

HARDWARE SOFTWARE
Infrastructure as center Sustainable
of Pertamina Sustainability and low-carbon
in IKN known as energy innovation,
Nusantara Sustainability research and labs
Hub

BRAINWARE COLLABORATION
Skilling and workforce Network and
development to support collaboration
energy transition on sustainable
(PSA, Pool of Expert, and low-carbon
Vocational) technologies

Digital Regulatory Public and private

& technology support funding (e.g. grants,
(e.g. sandboxing, blended financing)
accelerated
permits)
Pertamina is dedicated We have empowered
to achieving Net Zero our workforce with
Emissions by 2060 Throughout this journey, a range of tools
or earlier through we remain committed and resources
a comprehensive to meeting Indonesia's to enhance their
long-term strategy energy demands by maximizing capacity and adaptability
based on five core our legacy business and expanding in the evolving energy
principles: our developing green business. industry landscape.
availability,
accessibility,
affordability,
acceptability, and
sustainability.
Efficiency of energy Near Term: Diesel Hydrometer Green Refinery
intensity; Loss Study, Pre-Injection, and Gasoline development
Reduction Full Injection, Hydrometer to increase HVO/SAF
Well Appraisal of CCS development for capacity
Non routine emission fuel improvement
(flaring & venting) Long term: Develop
Full Injection of CCS Flare reduction petrochemical
Low carbon power projects
Utilize pipeline Biofuel blending Low/zero carbon fuel Biomethane
for distribution storage tank for fleets Gas to chemical
Hydrogen prod.
Green power Static equipment & transport
generation electrification CO2 transport
Single point
monitoring for
low-sulphur
infrastructure
Implement energy audit Near Term : Implement Green LNG fuel replacement
and energy efficiency program Study, Pre-Injection, Operation, Green Port,
Full Injection, and Green Storage Shipment of green
Cogeneration development Well Appraisal of CCS commodities
and cofiring hydrogen
Long term : Development
CCS initiation & implementation Full Injection of CCS of integrated green
in gas-to-power plant terminal