Task Force on Climate-Related Financial Disclosures Report
In 2021, we conducted a climate scenario analysis to identify physical and transition risks and opportunities relevant to MedcoEnergi. We then utilised the findings to develop mitigation measures. This exercise was completed in alignment with the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations. We integrate climate change considerations throughout our corporate business and operations and remain committed to transparently reporting our progress. In the 2024 CDP Climate Change assessment, we maintained our B rating, consistent with our scores from 2022 and 2023. Following our inaugural TCFD report in 2022, we have continually enhanced our climate disclosure practices in the Sustainability Report. Throughout 2024, we have strengthened the transparency of our climate change efforts by aligning with the new IFRS S2 Climate-related Disclosure Standards, which builds upon the TCFD framework. Further updates on our climate action progress, structured according to the disclosure requirements of IFRS S2 can be found in MedcoEnergi’s Sustainability Report.