With only two years to go, how can we achieve Indonesia’s clean energy ambitions?
At the G20 Bali Summit 2022, the energy transition issue became one of the most discussed issues, which resulted in the Leaders’ agreement stating the importance of achieving net zero emissions by 2060 and achieving Sustainable Development Goal 7, which is affordable and clean energy for all.[1]
What can New & Renewable Energy (NRE) independent power Producer (IPP) companies do to improve their chance to access green funding?
One of the ways is by improving the company’s compliance with ESG (Environmental, Social, and Governance) aspects towards national and international ESG standards. A growing number of lenders are offering loans that can only be used if ESG requirements are met.[5]
Pertamina New & Renewable Energy (NRE), a subsidiary of Pertamina and the carbon market aggregator within the Pertamina Group, has achieved an ESG rating of 13.0 and has been labelled “low risk” by the global ESG rating agency Sustainalytics. This is a proud moment for Indonesia to have one of its leading SOEs rank 3rd globally in the IPP and Traders sector.[6]
Tri Hita Consulting supports the net-zero transition, and in doing so, we provide ESG audits and consultancies for companies to improve their compliance with national and international ESG standards. For more information regarding this service, you can contact us at info@trihita-consulting.com
—-
[1] https: //koran.pikiran-rakyat.com/opini/pr-3036485118/menuju-transisi-energi-bersih
[2] Ibid.
[3] Ibid.
[4] https://assets.bbhub.io/company/sites/63/2022/07/GFANZ-Portfolio-Alignment-Measurement-August2022.pdf
[5] https://www.nortonrosefulbright.com/en/knowledge/publications/caa62820/how-esg-investment-is-shaping-the-energy-transition#section1
[6] https://www.thejakartapost.com/adv/2023/09/13/pertamina-nre-achieves-the-third-best-esg-rating-in-the-world.html
