2024 Highlights
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Thriving Environment

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Limited assurance of energy and emissions across all subsidiaries

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Carbon Offset for AMES’s Scope 2 via Indonesia Carbon Exchange

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Water reduction in power plants

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Water reduction in palm oil sector

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Energy Efficiency in coal mining operations

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Of 2024 target achieved in TMU & IM sites

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Water Efficiency improvement in palm oil sector

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Emission reductions in coal mining

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Emission reductions in palm oil

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Waste recycled in palm oil plantation — self-powered with biomass

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Empowered People

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Allocated to Corporate Social Responsibility programs

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hours per employee on average

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Successfully implemented 101 CSR programs

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Achieve 42% representation of women in leadership roles

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Across coal mining, power plant, palm oil, and waste management operations

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PT Perkebunan Kaltim Utama (PKU) received ISPO certification

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Trusted Partner

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Signed agreement to acquire 100% of Sembcorp Environment in Singapore

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Climate Risk Assessment Completed in October 2024 to guide ESG strategy

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Began divestment process of ~200 MW coal-fired power plants

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Secured in Indonesia’s first blended finance deal with ADB, DBS & ACFP

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Expanded to 269 battery swap stations

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4,161 electric motorbikes on the road

This year’s theme, “Advancing Tomorrow’s Transition,” reflects our deep commitment to building a resilient and sustainable future. At TBS, we see the energy transition as not only an environmental imperative, but also a strategic opportunity to create long-term positive impact for our stakeholders. 

We continue to transform our business by divesting from coal and investing in future-forward sectors such as renewable energy, electric mobility, and integrated waste management. Guided by the TBS2030 roadmap, our actions are driven by data, guided by stakeholder insights, and grounded in a just and inclusive approach to climate resilience. 

Our 2024 Sustainability Report highlights key progress across three strategic pillars: being a trusted partner, building a thriving environment, and empowering people. These pillars are supported by material topics identified through robust stakeholder engagement and double materiality assessment​.

2024 Sustainability Highlights
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2024 Sustainability Report
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2024 Annual Report
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Bacelius Ruru

Komisaris Utama/Komisaris Independen

President Commissioner/Independent Commissioner

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Dicky Yordan

Direktur Utama

President Director

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Industry Initiatives

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Awards

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