In an ongoing effort to meet its sustainability goals by 2030, TBS Energi Utama has joined the Forward Faster initiative, a global platform under the United Nations Global Compact (UNGC). This move aligns with the company’s commitment to its TBS2030 targets and represents a significant step towards achieving impactful sustainability results.
Forward Faster promotes collaboration and rigorous monitoring, encouraging companies to undertake more ambitious actions to fulfill the Sustainable Development Goals (SDGs). Members of the initiative must declare their sustainability commitments and outline specific actions to reach their targets, enhancing accountability and transparency. This initiative is crucial given the global progress on SDGs, where only 15% of the targets are on track, although Indonesia has a higher achievement rate at 62%, according to the Ministry of National Development Planning (Bappenas).
The initiative was introduced in Indonesia on June 13, 2024, during the annual meeting of the Indonesia Global Compact Network (IGCN). Forward Faster focuses on five main areas: Gender Equality, Climate Action, Living Wage, Water Resilience, and Finance & Investment. TBS Energi Utama will concentrate its efforts on Gender Equality and Finance & Investment. The company aims to ensure gender equality in representation, participation, and leadership across all management levels by 2030. Furthermore, TBS is committed to aligning its investments with SDG policies, setting clear targets, monitoring progress, and reporting on the extent and impact of its SDG-related investments.
Alvin Sunanda, Director of TBS, highlighted the importance of measurable baselines and targets at the Forward Faster launch. He stated, "Meaningful progress starts with establishing a baseline, diagnosing the current state, setting targets, and then executing plans." To this end, TBS is focused on developing a solid measurement and reporting framework.
As part of its involvement in Forward Faster, TBS Energi Utama will provide annual progress reports to the IGCN. This reporting will not only enhance transparency but also ensure the company remains accountable for its sustainability commitments.
By participating in Forward Faster, TBS Energi Utama reaffirms its dedication to optimizing company performance in pursuit of TBS2030 goals and fostering a sustainable future for Indonesia. As 2030 approaches, TBS is determined to strengthen partnerships, broaden its impact, and elevate its sustainability initiatives. Integrating TBS2030 into daily business operations and strategies is a pivotal aspect of TBS's agenda, ensuring comprehensive and ongoing progress towards its sustainability objectives.