Sustainability Report 2023: Expanding Our Horizons

In 2023, we continued our journey to strengthen our international position and solidify our domestic leadership. The Oman acquisition and the Corridor PSC extension both provide a platform for further upside and greater value to shareholders. We expanded our energy transition commitment with the development of the Ijen geothermal project and made good progress on our Solar PV projects.

Our dedication to environmental, social and governance initiatives and commitment to sustainability are well recognised by international ESG rating agencies. To maintain this trajectory, we continue to set ourselves challenging targets to improve operational excellence, safety and financial performance and our community contribution, in order to position MedcoEnergi as a leading sustainable energy company and one of Southeast Asia’s largest independent energy companies.

This Sustainability Report presents the progress we have attained along our sustainability and climate action journey in the past year, with the end goal of remaining relevant in this business – expanding our horizons.

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