Sustainability Report
Sustainability Report 2023: Expanding Our Horizons
2023 marked a significant year for MedcoEnergi, characterized by strategic expansion and a continued commitment to sustainability. The acquisition of assets in Oman and the amendment of the Corridor PSC extension solidify our position as a leading independent energy company in Southeast Asia, while also generating additional value for shareholders. Furthermore, we are actively advancing our energy transition efforts through the development of the Ijen geothermal project and progress made on our Solar PV initiatives.
MedcoEnergi is recognized by international ESG rating agencies for our dedication to environmental, social, and governance (ESG) principles. Building upon this recognition, we remain committed to setting ambitious targets that enhance operational excellence, safety, financial performance, and community engagement. Our ultimate goal is to solidify MedcoEnergi's position as a frontrunner in sustainable energy solutions within Southeast Asia.
This Sustainability Report details our achievements on the path towards sustainability and climate action over the past year. By continuously expanding our horizons and improving the quality of our sustainability disclosures, including an increased number of assured GRI Performance Indicators, we strive to maintain long-term relevance within the evolving energy landscape.
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