Emission Reduction Reaches 1.2 Million Tons of CO2, Pertamina's Decarbonization Realization Surpasses the 2024 Target

Jakarta, November 2, 2024 - PT Pertamina (Persero) is committed to implementing decarbonization initiatives across all Sub-holdings to support its emission reduction targets and achieve Net Zero Emissions (NZE) by 2060 or sooner. As of the third quarter (January - September) of 2024, Pertamina's Environmental, Social & Governance (ESG) decarbonization initiatives have successfully achieved a carbon emission reduction of 1,289,703 tons of CO2eq, or 110 percent of the 2024 target of 1.09 million tons of CO2eq.  

The Vice President of Corporate Communication of Pertamina, Fadjar Djoko Santoso, stated that all Sub-holdings are actively involved in carbon emission reduction through various decarbonization initiative programs.  

According to Fadjar, the Upstream Sub-holding has implemented 128 decarbonization initiative programs, followed by the Refining & Petrochemical Subholding with 60 initiative programs, the Commercial & Trading Subholding with 18 programs, the Power & NRE Subholding with 14 programs, and the Integrated Marine Logistics (IML) and Gas Subholdings each with four programs.  

“As part of further efforts, Pertamina aims to reduce methane emissions, a significant greenhouse gas (GHG) in addition to CO2. From an energy perspective, this economically valuable methane gas is also expected to enhance Pertamina's business contributions,” explained Fadjar.  

Pertamina joined the Oil and Gas Methane Partnership 2.0 (OGMP 2.0) in May 2024, a global initiative for more measurable and controlled methane emission management.  

Fadjar added that Pertamina is also collaborating with the Japan Organization for Metals and Energy Security (JOGMEC) to measure methane emissions in Pertamina's upstream working areas.  

“The goal is to reduce methane emissions while commercializing the produced methane volume as a new business opportunity in the future,” Fadjar stated.  

In addition, Pertamina is currently finalizing the scope 3 emission inventory data as a baseline for developing a scope 3 reduction roadmap. As of September 2024, Pertamina is also developing a checklist for the internal verification of GHG emissions that are monitored periodically.  

“Pertamina is committed to maintaining ESG performance across all business lines to sustain its global ranking while strengthening Pertamina's image as an environmentally friendly world-class company,” concluded Fadjar.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement: Goal 7 – Affordable and Clean Energy, Goal 8 – Decent Work and Economic Growth, and Goal 13 – Climate Action. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.**