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PT Medco Energi Internasional Tbk and its subsidiaries Subject matter information included in the sustainability report as of December 31, 2024 and for the year then ended with the independent practitioner’s limited assurance report
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The original limited assurance report included herein is in Indonesian language
Independent Practitioner’s Limited Assurance Report
Report No. 00011/2.1032/NS.0/02/0696-1/1/IV/2025
The Shareholders and the Boards of Commissioners and Directors
PT Medco Energi Internasional Tbk
Scope
We have been engaged by PT Medco Energi Internasional Tbk (the “Company”) to perform a
limited assurance engagement, as defined by the Standard on Assurance Engagement 3000
(Revised 2022) “Assurance Engagements Other than Audits or Reviews of Historical Financial
Information” and Standard of Assurance Engagement 3410 “Assurance Engagements on
Greenhouse Gas Statements” (collectively referred to as the “Professional Standards”),
established by the Indonesian Institute of Certified Public Accountants (“IICPA”), here after
referred to as the “Engagement”, to report on the accompanying subject matter information
included in the sustainability report of the Company and its subsidiaries (collectively referred to
as the “Group”) as of December 31, 2024 and for the year then ended (the “Sustainability
Report”) as specified in Appendix 1 of this independent practitioner’s limited assurance report
(the “Subject Matter Information”).
Other than the Subject Matter Information as described in the preceding paragraph, which sets
out the scope of our Engagement, we did not perform any procedures on the remaining
information included in the Sustainability Report, and accordingly, we do not express an opinion,
a conclusion, or any other forms of assurance on the following information:
Data sets, statements, information, systems, or approaches other than the indicators
determined and selected by the Group’s management for the purpose of reporting the
Subject Matter Information in the Sustainability Report.
Any information (including sustainability information) presented or published elsewhere in
the Group’s reports, website, or other publications other than those presented in Appendix
1 of this independent practitioner’s limited assurance report.
Any information (including sustainability information) prior to January 1, 2024 and
subsequent to December 31, 2024.
Criteria applied by management
In preparing and presenting the accompanying Subject Matter Information, the Group’s
management applied the definitions that are applicable and relevant to the Subject Matter
Information as set out in the Global Reporting Initiative Standards 2021 (the “Criteria”). Such
Criteria were used for the purpose of reporting the Subject Matter Information and its inclusion
in the Sustainability Report by the Group’s management. As a result, the Subject Matter
Information may not be suitable for other purposes.
i
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The original limited assurance report included herein is in Indonesian language
Independent Practitioner’s Limited Assurance Report (continued)
Report No. 00011/2.1032/NS.0/02/0696-1/1/IV/2025 (continued)
Management’s responsibilities
The Group’s management is responsible for selecting the Criteria, and for preparing and
presenting the accompanying Subject Matter Information in accordance with the Criteria, in all
material respects. This responsibility includes establishing and maintaining internal controls,
maintaining adequate records and making estimates that are relevant to the preparation and
presentation of the Subject Matter Information that it is free from material misstatement,
whether due to fraud or error.
Independent practitioner’s responsibility
Our responsibility is to express a conclusion on the preparation and presentation of the
accompanying Subject Matter Information based on the sufficient and appropriate evidence we
have obtained during our Engagement.
We conducted our Engagement in accordance with the Professional Standards established by
the IICPA, and the terms of reference for this Engagement as agreed with the Group’s
management. Those standards require that we plan and perform our Engagement to express a
conclusion on whether anything has come to our attention that causes us to believe that the
accompanying Subject Matter Information has not been prepared and presented, in all material
respects, in accordance with the Criteria. The nature, timing, and extent of the procedures
selected depend on our professional judgment, including an assessment of the risk of material
misstatement, whether due to fraud or error.
We believe that the evidence we have obtained is sufficient and appropriate to provide a basis
for our limited assurance conclusion.
Independent practitioner’s independence and quality control
We have complied with the independence and other relevant ethical requirements of the Code
of Ethics for Public Accountants issued by the IICPA, which is founded on fundamental ethic
principles of integrity, objectivity, professional competence and due care, confidentiality and
professional behavior.
Our Public Accounting Firm applies Standard on Quality Control 1, “Quality Control for Public
Accounting Firms that Perform Assurance Engagements (Audits, Reviews, and Other Assurance
Engagements) and Other Than Assurance Engagements”, established by the IICPA, which
requires that we design, implement and operate a system of quality control including policies or
procedures regarding compliance with ethical requirements, professional standards and
applicable legal and regulatory requirements.
ii
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The original limited assurance report included herein is in Indonesian language
Independent Practitioner’s Limited Assurance Report (continued)
Report No. 00011/2.1032/NS.0/02/0696-1/1/IV/2025 (continued)
Description of procedures performed
Procedures performed in a limited assurance engagement vary in nature and timing from and
are less in extent than for a reasonable assurance engagement. Consequently, the level of
assurance obtained in a limited assurance engagement is substantially lower than the assurance
that would have been obtained had a reasonable assurance engagement been performed. Our
procedures were designed to obtain a limited level of assurance on which to base our conclusion
and do not provide all the evidence that would be required to provide a reasonable level of
assurance.
Although we considered the effectiveness of management’s internal controls when determining
the nature and extent of our procedures, our assurance engagement was not designed to
provide assurance on internal controls. Our procedures did not include testing controls or
performing procedures relating to checking aggregation or calculation of data within
information technology systems.
A limited assurance engagement consists of making enquiries, primarily of persons responsible
for preparing and presenting the accompanying Subject Matter Information and related
information, and applying analytical and other appropriate procedures.
Our procedures included:
Enquiring key personnel to understand the process for collecting, collating and reporting the
Subject Matter Information during the reporting period.
Comparing that the calculation criteria applied to the subject matters in accordance with the
methodologies outlined in the Criteria.
Recalculating the performance metrics to confirm quantities that are stated as replicable.
Performing analytical review procedures to support the reasonableness of the data used.
Undertaking site visits to oil and gas operation location, Block A, and to power operation
location, Medco Ratch Power Riau.
Checking the accuracy of data used by tracing them to the underlying source information on
a sampling basis.
iii
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The original limited assurance report included herein is in Indonesian language
Independent Practitioner’s Limited Assurance Report (continued)
Report No. 00011/2.1032/NS.0/02/0696-1/1/IV/2025 (continued)
Conclusion
Based on our procedures and the evidence obtained, nothing has come to our attention that
causes us to believe that the accompanying Subject Matter Information is not prepared and
presented, in all material respects, in accordance with the Criteria.
Purpose of the independent practitioner’s limited assurance report
This independent practitioner’s limited assurance report was prepared and issued solely for
inclusion in the Sustainability Report in connection with the reporting and inclusion of the
accompanying Subject Matter Information in the Sustainability Report by the Group’s
management, and is not intended to be, and should not be, used for any other purposes.
KAP Purwantono, Sungkoro & Surja
Indrajuwana Komala Widjaja
Public Accountant Registration No. AP.0696
April 30, 2025
iv
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The original subject matter information included herein is in Indonesian language
Appendix 1. Subject matter information included in the sustainability report of PT Medco Energi
Internasional Tbk and its subsidiaries as of December 31, 2024 and for the year then ended
GRI 2-7 – General disclosure – Employees
Type of entity
Indicators/disclosures 2024
and location
1. Total number of Gender Female Oil & Gas (Oman, 48
employees, and a Male Thailand and 256
breakdown of this Singapore)
total by gender and Female Oil & Gas 445
by region (GRI 2-7) Male (Indonesia) 1,777
Female Power 126
Male (Indonesia) 887
Region Oman Oil & Gas 206
Thailand (Indonesia, 50
(Bangkok Office) Oman, Thailand
Thailand (Field) and Singapore) 37
Singapore Office 11
Block A 161
South Sumatra 170
Block
Rimau 90
South Natuna 272
Sea Block B
Lematang 18
Tarakan 22
Jakarta Office 1,227
Bangkanai 39
Sampang 10
Corridor 213
Region Medco Power Power 137
Indonesia Head (Indonesia)
Office
Pembangkitan 22
Pusaka
Parahiangan
(Cianjur)
Bio Jatropha 22
Indonesia (Cianjur)
Medco Cahaya 29
Geothermal
(Jakarta)
Mitra Energi Batam 63
& Dalle Energi
Batam (Batam)
Energi Listrik 68
Batam (Batam)
Multidaya Prima 22
Elektrindo
(Palembang)
Energi Prima 23
Elektrika
(Palembang)
Tanjung Jati B 219
(Jepara)
Medco Geothermal 106
Sarulla (Tapanuli
Utara)
Medcopower 46
Servis Indonesia
(Pekanbaru)
Medcopower Solar 7
Sumbawa
(Sumbawa)
Medco Ratch 29
Power Riau
(Jakarta Head
Office)
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Type of entity
Indicators/disclosures 2024
and location
Medco Solar Bali 18
Timur (Bali
Timur)
Medco Power 193
Energi Services
(Sulawesi Utara)
Medco Power 9
Geothermal
Services
(Jakarta Head
Office)
Permanent Temporary
2. Total number of Gender Female Oil & Gas (Oman, 48 -
permanent Male Thailand and 244 12
employees, and a Singapore)
breakdown by Female Oil & Gas 443 2
gender and by Male (Indonesia) 1,765 12
region (GRI 2-7) Female Power 103 23
3. Total number of Male (Indonesia) 656 231
temporary Region Oman Oil & Gas 194 12
employees, and a Thailand (Indonesia, 50 -
breakdown by (Bangkok Office) Oman, Thailand
gender and by Thailand (Field) and Singapore) 37 -
region (GRI 2-7)
Singapore Office 11 -
Block A 161 -
South Sumatra 170 -
Block
Rimau 90 -
South Natuna 272 -
Sea Block B
Lematang 18 -
Tarakan 22 -
Jakarta Office 1,213 14
Bangkanai 39 -
Sampang 10 -
Corridor 213 -
Region Medco Power Power 118 19
Indonesia Head (Indonesia)
Office
Pembangkitan 22 -
Pusaka
Parahiangan
(Cianjur)
Bio Jatropha 20 2
Indonesia
(Cianjur)
Medco Cahaya 23 6
Geothermal
(Jakarta)
Mitra Energi 61 2
Batam & Dalle
Energi Batam
(Batam)
Energi Listrik 66 2
Batam (Batam)
Multidaya Prima 22 -
Elektrindo
(Palembang)
Energi Prima 23 -
Elektrika
(Palembang)
Tanjung Jati B 216 3
(Jepara)
Medco 99 7
Geothermal
Sarulla (Tapanuli
Utara)
Medcopower 37 9
Servis Indonesia
(Pekanbaru)
Medcopower 7 -
Solar Sumbawa
(Sumbawa)
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Type of entity
Indicators/disclosures 2024
and location
Medco Ratch 23 6
Power Riau
(Jakarta Head
Office)
Medco Solar Bali 9 9
Timur (Bali
Timur)
Medco Power 13 180
Energi Services
(Sulawesi Utara)
Medco Power - 9
Geothermal
Services
(Jakarta Head
Office)
4. Total number of non-guaranteed hours employees, Oil & Gas Not applicable
and a breakdown by gender and by region (GRI 2-7) (Indonesia,
Oman, Thailand
and Singapore)
Power
(Indonesia)
5. Total number of full-time employees, and a Oil & Gas All MedcoEnergi employees are full-time
breakdown by gender and by region (GRI 2-7) (Indonesia, employees. Please refer to Total number of
Oman, Thailand permanent employees, and a breakdown by
and Singapore) gender and by region (GRI 2-7) and Total
Power number of temporary employees, and a
(Indonesia) breakdown by gender and by region (GRI 2-7)
disclosure for the data breakdown.
6. Total number of part-time employees, and a Oil & Gas Not applicable
breakdown by gender and by region (GRI 2-7) (Indonesia,
Oman, Thailand
and Singapore)
Power
(Indonesia)
7. Methodologies and assumptions used to compile the Oil & Gas The data has been compiled from database
data (GRI 2-7) (Indonesia, and manual compilation.
Oman, Thailand
and Singapore)
Power
(Indonesia)
8. Contextual information necessary to understand the Oil & Gas All of MedcoEnergi’s employees are full-time,
data reported under GRI 2-7 a and 2-7 b (GRI 2-7) (Indonesia, and the majority of employees are full-time
Oman, Thailand and permanent.
and Singapore)
Power
(Indonesia)
9. Description of significant fluctuations in the number Oil & Gas Not applicable
of employees during the reporting period and (Indonesia,
between reporting periods (GRI 2-7) Oman, Thailand
and Singapore)
Power
(Indonesia)
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GRI 2-23 – Policy commitments
Type of entity
Indicators/disclosures 2024
and location
10. Describe its policy commitments for responsible Corporate MedcoEnergi's commitments to responsible
business conduct, including: i) the authoritative business conduct are defined in policies that
intergovernmental instruments that the commitments govern the Board of Commissioners, Board of
reference; ii) whether the commitments stipulate Directors, the Senior Leadership and all
conducting due diligence; iii) whether the employees to not only ensure good business
commitments stipulate applying the precautionary conduct, but also to achieve safe, effective,
principle; iv) whether the commitments stipulate and efficient business operations in
respecting human rights (GRI 2-23) accordance with all applicable laws and
regulations.
Business conduct management:
MedcoEnergi governance is founded on the
principles of Transparency, Accountability,
Responsibility, Independence and Fairness.
The Good Corporate Governance (GCG)
guides us on how our organisation should be
governed by the MedcoEnergi Board of
Commissioners (BoC) and Board of Directors
(BoD). By implementing these principles,
MedcoEnergi aims to mitigate negative
impacts related to poor governance, which
could lead to unethical practices, financial
mismanagement and diminished stakeholder
confidence. The GCG can be accessed at
https://www.medcoenergi.com/en/our-
sustainability/governance-ethics/good-
corporate-governance/.
Employees’ ethical conduct management:
MedcoEnergi developed Code of Conduct (i.e.
MedcoEnergi’s Code) based on benchmarks
with multinational companies and
international leading practices as well as input
from relevant corporate divisions.
MedcoEnergi’s Code of Conduct is based on
the corporate values of MedcoEnergi:
professional, ethical, open and innovative.
MedcoEnergi’s Code of Conduct defines the
expectations, roles and responsibilities
expected from MedcoEnergi people to uphold
when conducting MedcoEnergi’s business.
This Code is aligned with international best
practices in human rights, personal data
privacy, anti-corruption and anti-money
laundering. The Code of Supplier is part of
MedcoEnergi’s Code. MedcoEnergi’s Code of
Conduct can be accessed at
https://www.medcoenergi.com/en/our-
sustainability/governance-ethics/our-code/.
In March 2024, MedcoEnergi launched its
Corporate Anti-Money Laundering (AML)
policy No COP-AIC-EXC-POL-003 dated 12
March 2024 to strengthen our commitment to
prohibit money laundering and sets out the
rules and guidelines for directors, employees
and business partners in relation to the
prevention of money laundering across our
business. The policy can be accessed at
https://www.medcoenergi.com/en/our-
sustainability/governance-
ethics/sustainable-compliance/.
MedcoEnergi's Sustainability Policy outlines
MedcoEnergi’s commitments to maintain a
healthy, safe workplace built upon a culture of
mutual respect and MedcoEnergi’s
commitment to respect human rights, which is
in line with the UN Guiding Principles for
Business and Human Rights and the Voluntary
Principles on Security and Human Rights. Our
Sustainability Policy can be accessed at
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Type of entity
Indicators/disclosures 2024
and location
https://www.medcoenergi.com/en/our-
sustainability/our-approach/sustainability-
policy/.
MedcoEnergi's HSE Policy outlines the
Company's commitment to continuously
improve HSE performance. It aims to achieve
zero incidents, injuries and illnesses in all of
MedcoEnergi’s activities and to protect
MedcoEnergi’s employees and stakeholders
as well as the environment where
MedcoEnergi operates. MedcoEnergi’s HSE
Policy can be accessed at
https://www.medcoenergi.com/en/our-
sustainability/health-safety/hse-policy/.
The HSE Policy was updated in October 2024
with the following amendment/revisions for
improvement:
Commitment to consult with
stakeholders on environmental issues.
Commitment to report regularly on
environmental issues.
Addressing the environmental
dependencies, impacts, risks and
opportunities.
References to relevant global
environmental treaties and policy goals.
MedcoEnergi Oil & Gas' Community
Development Policy outlines MedcoEnergi’s
commitment to being a leading company in
conducting social responsibility initiatives and
activities in an ethical and sustainable manner
and by listening and acting in response to the
needs of the stakeholders wherever we
operate. MedcoEnergi’s Community
Development Policy can be accessed at
https://www.medcoenergi.com/en/our-
sustainability/social-and-
communities/creating-opportunities/.
MedcoEnergi Oil & Gas' Security Policy
describes MedcoEnergi’s commitment to
providing protection for employees, assets,
facilities, operations and its reputation based
on the Company's Mission, Vision and Values
to secure the working environment as a
foundation for sustainable business growth.
MedcoEnergi’s Security Policy can be
accessed at
https://www.medcoenergi.com/en/our-
sustainability/social-and-
communities/creating-opportunities/.
MedcoEnergi's Human Rights Policy
describes MedcoEnergi’s commitment to
respect human rights as set out in the
Universal Declaration of Human Rights
(UDHR) and other instruments such as the
International Labour Organization (ILO)
Declaration on Fundamental Principles and
Rights at Work, comply with applicable laws of
the countries where MedcoEnergi operates,
promote human rights through the provision
of accessible and affordable energy. The
policy was signed on 10 January 2024 and
can be accessed at
https://www.medcoenergi.com/en/our-
sustainability/human-rights/.
11. Describe its specific policy commitment to respect Corporate MedcoEnergi describes its specific
human rights, including: i) the internationally commitment to respect human rights in:
recognized human rights that the commitment 1. Code of Conduct
covers; ii) the categories of stakeholders, including 2. Code of Supplier
at-risk or vulnerable groups, that the organization 3. Sustainability Policy
gives particular attention to in the commitment. (GRI 4. Security Policy
2-23) 5. Community Development Policy
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Type of entity
Indicators/disclosures 2024
and location
6. Human Rights Policy
i. The internationally recognised human
rights principles are stated in the
following policies and relevant sections:
1. Code of Conduct, page 16 in the
Safe Workplace sub-section Human
Rights section: "One of our
Company’s commitments in doing
business ethically includes
respecting others who work at and
for the Company, treating every
individual with respect, and doing
our business operations in
compliance to the relevant human
rights laws wherever MedcoEnergi
operates."
2. Code of Supplier key elements
bullet 1: "Follow the same ethical
standards, including Our Code and
the applied Company’s
policies/procedures.”
3. Sustainability Policy page 1 in the
Environmental and Social
Development section: "We are
committed to complying with all
applicable laws and regulations, to
respecting human rights in line with
the UN Guiding Principles for
Business and Human Rights and the
Voluntary Principles on Security
and Human Rights, and to learning
from and applying industry best
practice and relevant international
standards."
4. Community Development Policy
paragraph 1: "MedcoEnergi is
committed to creating a positive
impact for the communities in our
operational areas by deepening our
engagement and empowering the
people, creating self-reliant
communities that are aligned with
the United Nations Sustainable
Development Goals".
5. Security Policy paragraph 3:
"MedcoEnergi is committed to
complying with relevant laws and
regulations, to respecting human
rights in line with the UN Guiding
Principles on Business and Human
Rights and the Voluntary Principles
on Security and Human Rights".
6. Human Rights Policy, MedcoEnergi
is committed to respecting human
rights as set out in the Universal
Declaration of Human Rights
(UDHR) and other instruments such
as the International Labour
Organization Declaration on
Fundamental Principles and Rights
at Work. The Human Rights Policy
encompasses a management
framework, commitments,
grievance mechanisms, governance
and applies to all MedcoEnergi
companies and subsidiaries
globally, including all business
partners.
ii. The policies also mention the categories
of stakeholders:
1. Local labour, children, local
communities in Code of Conduct
page 16, in the Safe Workplace sub-
section Human Rights section
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Type of entity
Indicators/disclosures 2024
and location
2. Suppliers, including suppliers of
services, equipment, materials and
other goods, agents, consultants,
contractors, subcontractors and
consortium in the Code of Supplier
3. Local communities in Sustainability
Policy page 1, in the Environmental
and Social Development and Local
Community Empowerment section
4. Partnerships with security
stakeholders in Security Policy
point 7
5. Society & local communities and
business partners & their
employees in Human Rights Policy
page 2, in Our Commitments
section
6. Directors, employees and business
partners in relation to the
prevention of money laundering
across the Company’s business.
This Policy should be read in
conjunction with the Code of
Conduct, all relevant Company
policies, procedures, and the
applicable laws in all countries
where the Company operations in
the Corporate Anti-Money
Laundering Policy page 7.
12. Provide links to the policy commitments if publicly Corporate Links to Policies:
available, or, if the policy commitments are not
publicly available, explain the reason for this (GRI 2- Code of Conduct:
23) https://www.medcoenergi.com/en/our-
sustainability/governance-ethics/our-
code/
Code of Supplier:
https://www.medcoenergi.com/en/our-
sustainability/governance-ethics/code-
of-supplier/
Sustainability Policy:
https://www.medcoenergi.com/en/our-
sustainability/our-
approach/sustainability-policy/
HSE Policy:
https://www.medcoenergi.com/en/our-
sustainability/health-safety/hse-
policy/Community Development Policy:
https://www.medcoenergi.com/en/our-
sustainability/social-and-
communities/creating-opportunities/
Security Policy:
https://www.medcoenergi.com/en/our-
sustainability/social-and-
communities/creating-opportunities/
Human Rights Policy:
https://www.medcoenergi.com/en/our-
sustainability/human-rights/
Anti-Money Laundering Policy:
https://www.medcoenergi.com/en/our-
sustainability/governance-
ethics/sustainable-compliance/
Note: MedcoEnergi summarises its
commitment on Anti-Money Laundering in our
website (please see
https://www.medcoenergi.com/en/our-
sustainability/governance-
ethics/sustainable-compliance/). The Anti-
Money Laundering Policy is not publicly
available as it is considered an internal
company policy.
13. Report the level at which each of the policy Corporate All of MedcoEnergi’s corporate policies are
commitments was approved within the organization, approved by the Chief Executive Officer or at
including whether this is the most senior level least one of the Board of Directors (BoD)
(GRI 2-23) members. The dates of approvals are either
stated in the policies or elsewhere on the
websites or in the internal documents.
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Type of entity
Indicators/disclosures 2024
and location
These policies were approved by
MedcoEnergi’s Board of Directors (BoD) and
communicated to all employees and relevant
external stakeholders through emails,
trainings and other forms of familiarisations
and engagements:
Code of Conduct: 4 May 2020
Code of Supplier: 26 December 2022
Sustainability Policy: 8 May 2020
HSE Policy: October 2024 (update)
Community Development Policy: April
2020
Security Policy: February 2020
Human Rights Policy: 10 January 202
Anti-Money Laundering Policy: 12 March
2024
14. Report the extent to which the policy commitments Corporate Code of Conduct:
apply to the organization’s activities and to its Page 5 – “Our Code shall be communicated to,
business relationships (GRI 2-23) implemented and followed by all stakeholders,
including the Board of Commissioners, Board
of Directors, employees, affiliates, business
partners and guests of the Company without
any exception and regardless of their
geographical locations”.
Code of Supplier:
Paragraph 1 – “All of our stakeholders,
including suppliers, shall follow this
commitment”.
Paragraph 2 – “We expect this standard to be
followed by all of our suppliers, including
suppliers of services, equipment, materials
and other goods, agents, consultants,
contractors, subcontractors and consortium
or other basis”.
Sustainability Policy:
Paragraph 6 – “This policy is mandatory and
sets the expectations for all employees and
business units managed by PT Medco Energi
Internasional Tbk and it should be
communicated to and understood by
MedcoEnergi’s stakeholders.”
HSE Policy:
Last paragraph – “This policy applies to all
employees and contractors of the Company
and its subsidiaries.”
Community Development Policy:
Paragraph 2 – “This policy applies to all
community development initiatives and
activities in all the Company's assets.”
Security Policy:
Last paragraph – “It is the responsibility of
everyone in the Company to comply with this
Policy and support its implementation.”
Human Rights Policy:
Paragraph 4 – “This commitment in this policy
applies to all MedcoEnergi companies and
subsidiaries globally, including all business
partners from which we expect the same high
standards and commitment.”
Anti-Money Laundering Policy:
Page 7 – “This policy applies to the Company's
Directors and employees although the
Company expects that business partners and
others performing work or services for on
behalf of company will comply with this
policy.”
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Type of entity
Indicators/disclosures 2024
and location
15. Describe how the policy commitments are Corporate MedcoEnergi’s process for the Company’s
communicated to workers, business partners, and Code of Conduct commitments to be read,
other relevant parties (GRI 2-23) agreed to, and regularly signed by all workers
through the annual Statement of Adherence
(SoA) and Conflict of Interest (CoI)
Declaration.
MedcoEnergi’s process for the Company’s
Code of Supplier commitments requires them
to be read, agreed to, and signed by business
partners whenever contracts are signed. The
contracts between MedcoEnergi and third
parties using MedcoEnergi’s standard
contracts include clauses that the contractors
in countries where MedcoEnergi operates
have committed themselves to complying
with. This includes all applicable laws and
regulations and MedcoEnergi’s Business
Ethics (Code of Conduct and Code of
Supplier).
MedcoEnergi communicates the Company’s
policy commitments to the stakeholders
through:
i. Code of Conduct & Code of Supplier:
1. Posted in MedcoEnergi's website:
a. Code of Conduct:
https://www.medcoenergi.com/
en/our-
sustainability/governance-
ethics/our-code/
b. Code of Supplier:
https://www.medcoenergi.com/
en/our-
sustainability/governance-
ethics/code-of-supplier/
2. Internal familiarisations and
engagements: Annual Statements
of Adherence (SoA) – e-mail blast on
May 2024 and Conflicts of Interest
(CoI) declarations – e-mail blast on
October 2024
3. External familiarisations and
engagements: e-mail blast to
business partners and suppliers for
SoA (July 2024) and COI
(November 2024)
ii. Sustainability Policy:
1. Posted in MedcoEnergi's website
https://www.medcoenergi.com/en/
our-sustainability/our-
approach/sustainability-policy/
2. Internal familiarisations and
engagements:
a. Medco 101 (May 2024 &
October 2024) for New Leader;
b. South Natuna Sea Block B and
Hang Tuah;
c. Apprentice Presentation
(September 2024);
d. MRPR (November 2024);
e. Block A (December 2024);
f. Subsurface Academy (May
2024)
3. External familiarisations and
engagements:
a. Oman Vendor Day (January
2024);
b. SCM Vendor Day (February
2024);
c. Bualuang Vendor Day
(September 2024)
9
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Type of entity
Indicators/disclosures 2024
and location
iii. Community Development Policy:
1. Posted in MedcoEnergi's website
https://www.medcoenergi.com/en/
our-sustainability/social-and-
communities/creating-
opportunities/
iv. Human Rights Policy:
1. Posted in MedcoEnergi's website:
https://www.medcoenergi.com/en/
our-sustainability/human-rights/
2. Internal familiarisations and
engagements:
a. Internal newsletter (March
2024);
b. Human Rights Socialisation and
Training with BSR to all
employee (March 2024);
c. Human Rights Policy
Socialization and Training with
BSR to Thailand managers
(March 2024);
d. Medco Subsurface Academy
(May 2024);
e. Medco 101 (October 2024);
f. Human Rights Socialisation for
Leaders in MRPR (November
2024) & Block A (December
2024);
g. Subsurface Academy
3. External familiarisation and
engagements:
a. SCM Vendor Day (February
2024);
b. SCM Newsletter (June 2024)
v. HSE Policy
1. Posted in MedcoEnergi's website:
https://www.medcoenergi.com/en/
our-sustainability/health-
safety/hse-policy/
2. Internal familiarisation and
engagements: e-mail blast to all
employees on October 2024
vi. Security Policy
1. Posted in MedcoEnergi's website:
https://www.medcoenergi.com/en/
our-sustainability/social-and-
communities/creating-
opportunities/
vii. Anti-Money Laundering Policy:
1. Posted in MedcoEnergi's website:
https://www.medcoenergi.com/en/
our-sustainability/governance-
ethics/sustainable-compliance/
2. Internal formalisation and
engagements: refer to GRI 205-2
3. External formalisation and
engagements: refer to GRI 205-2
All of MedcoEnergi policies are available in
English and Indonesian and accessible
through their respective websites.
10
Page 16
GRI 2-24 – Embedding policy commitments
Type of entity
Indicators/disclosures 2024
and location
16. Describe how it i. How it allocates Corporate i. It is part of the BoD’s roles and
embeds each of its responsibility to responsibilities to oversee the
policy commitments implement the implementation of the policy
for responsible commitments across commitments. It is written as follows:
business conduct different levels within the 1. MedcoEnergi’s Sustainability
throughout its organization; Manual, October 2022 page 8-10
activities and of 20 in the Sustainability
business Governance section: Structure &
relationships, Oversight and Roles &
including: (GRI 2-24) Responsibilities.
2. Code of Conduct page 5
"MedcoEnergi defines a set of
standards to govern the conduct of
the Board of Commissioners, Board
of Directors and all employees for
the good and safety of all parties as
well as to achieve an effective and
efficient business operation
conducted in accordance with all
applicable laws and regulation".
This statement is aligned with the
2023 Sustainability Report page
55 "Pursuing Excellence in Our
Governance" and 2023 Annual
Report page 92 "Corporate
Governance"
ii. There are various divisions in the
organisation with day-to-day
responsibilities for implementing each of
the policy commitments. It is officially
stated in the following documents:
1. MedcoEnergi Sustainability Manual
October 2022 page 10-20 of 20 in
the Sustainability Governance
section: structure & oversight and
roles & responsibilities for the
cross-functional divisions.
Appendix E page 18 of 20 for ESG
Governance.
2. To support MedcoEnergi’s best
interests, MedcoEnergi’s Code of
Conduct shall be communicated to,
implemented and followed by all
stakeholders including the Board of
Commissioners, Board of Directors,
employees, affiliates, business
partners and guests of the
Company without any exception
and regardless of their
geographical locations (COC page
5).
iii. The Sustainability Policy commitments are
formally discussed in the regular
Sustainability and Risk Management
Committee (SRMC) meetings, while the
Code of Conduct and Code of Supplier is
formally discussed in regular Good
Corporate Governance (GCG) Committee
meetings. Information about SRMC can be
found in MedcoEnergi’s Sustainability
Manual, page 8-9 of 20. Furthermore,
information about both the SRMC and GCG
committees can be found in the 2023
Annual Report, pages 108-109 and the
2023 Sustainability Report, pages 56. The
SRMC and GCG committees’ meeting notes
are kept internally.
iv. Discussions and engagements about
responsible business conduct between
different levels or divisions in the
organisation are held for cross-functional,
11
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Type of entity
Indicators/disclosures 2024
and location
employees and business partners. The
activities and results are reported to the
GCG (Good Corporate Governance)
Committee (for BoC and BoD) by the Audit
and Integrity Compliance (AIC) Division.
v. The Corporate Ethics and Compliance
Committee/CECC was established in
October 2024 to ensure objective and fair
process in addressing all reported
incidents, as well as align with legal
requirements, industry standards, and
international best practices. All allegation
reports received through whistleblowing
channels were promptly followed up by
applying the principles of trust,
impartiality, and protection. MedcoEnergi
determined the appropriate and
consistent disciplinary actions in
accordance with MedcoEnergi’s
procedures for addressing allegation
reports. These procedures involved a
thorough review process by the Ethics and
Compliance Committee, consisting of the
Board of Directors (BoD) level, the Head of
Corporate A&IC, HR, Legal, and other
relevant functions as deemed necessary.
This information can be access through
https:https://www.medcoenergi.com/en/
our-sustainability/governance-
ethics/good-corporate-governance/.
ii. How it integrates the Corporate 1.a.MedcoEnergi has an Enterprise Risk
commitments into Management (ERM) policy in place (MEI-
organizational strategies, CRM-GL -001 dated 1 July 2022), which is
operational policies, and aligned with the Company’s policies. All
operational procedures; risks considered across the universe of risk
categories reflect how responsible business
conduct is implemented.
1.b.MedcoEnergi policies align with the
following economic, environmental, social,
and human rights impact assessments:
The Sustainability Policy was defined
based on materiality assessments.
The human rights assessments for the
corporate level were conducted in 2022,
and the results were used to establish
MedcoEnergi standalone human rights
policy.
The Human Rights Impact Assessment
(HRIA) for Block A and JOB Tomori was
conducted in 2023 and finalised in
January 2024. HRIA was conducted as
part of lenders’ request to meet Equator
Principles 4/EP4 requirements.
1.c.As part of the annual Performance
Management System (PMS) cycle,
MedcoEnergi incorporates sustainability-
related key performance indicators (KPIs)
into MedcoEnergi Team Performance
Contracts (TPCs). MedcoEnergi aligns TPC
outcomes with the Company’s reward
programmes, including salary reviews and
performance incentives.
2. The Sustainability Assessment Guidelines
for Projects December 2020 and updated
in 2024, as well as Sustainability
Assessment Guidelines for Operations
November 2022 documents show how
Medco Oil & Gas identifies, assesses, and
manages environmental and social risks
across all stages in the projects and
operations.
12
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Type of entity
Indicators/disclosures 2024
and location
3. MedcoEnergi implements Operational
Excellence Management System (OEMS),
Anti Bribery Management System (ABMS),
HSE Management System, Social
Management System (SMS), Medco
Security Management System (MSMS), and
Contractor HSE Management System
(CHSEMS). These include internal audits to
monitor compliance with policy
commitments. MedcoEnergi also monitors
compliance with the policy commitments
through the Company’s Sustainability
Assessment for projects and operations.
iii. How it implements its Corporate MedcoEnergi’s procurement practices apply
commitments with and pre-qualification processes, bidding criteria,
through its business or screening criteria consistent with the
relationships; expectations stipulated in MedcoEnergi’s
Code of Conduct in the section entitled
“Respecting Our Stakeholders”, sub-section
“Our Business Partners” and Code of Supplier.
Contracts between MedcoEnergi and third
parties using MedcoEnergi’s contract
standards include clauses that the
contractors in countries where MedcoEnergi
operates, has committed themselves to
complying with applicable laws and
regulations and MedcoEnergi’s Business
Ethics (Code of Conduct and Code of
Supplier).
MedcoEnergi’s business processes consider
the Code of Conduct's and Code of Supplier's
commitments whenever the Company
determines whether to initiate, continue, or
terminate a business relationship.
The latest contract template, incorporating a
standalone Human Rights Policy and
Sustainability Policy, was implemented in July
2024.
iv. Training that the Corporate MedcoEnergi provides various capability
organization provides on building and engagement sessions on
implementing the implementing policy commitments:
commitments
Programmes to upgrade employees’
skills and transition assistance refer to
GRI 404-2.
Code of Conduct training refers to GRI
205-2 e through apprentice induction
and Medco 101 – for New Leader.
Code of Supplier through engagements
with business partners on Vendor Day.
The security training related to human
rights training refers to GRI 410 through
Gada Pratama Training. The Gada
Pratama training programme is designed
for new security guards and candidates.
13
Page 19
GRI 203 – Indirect Economic Impacts
Type of entity
Indicators/disclosures 2024
and location
17. Extent of development of significant infrastructure Oil & Gas USD 678,822
investments and services supported (GRI 203-1) (Indonesia,
Oman and
Thailand)
Power USD 19,406
(Indonesia)
18. Current or expected impacts on communities and Oil & Gas Investments in infrastructure in MedcoEnergi
local economies, including positive and negative (Indonesia, covers among others:
impacts where relevant (GRI 203-1) Oman and Road and bridge rehabilitation or
Thailand), Power development which brings better and
(Indonesia) extended access for local communities.
Public facilities construction or
renovation for mosques, schools, parks,
solar streetlamps, water wells/clean water
facility, housing for vulnerable groups,
farming facilities, sports facilities and
vehicle support.
These investments bring lasting impact to the
receiving communities in the form of decent
and helpful public facilities for their everyday
use.
19. Whether these investments and services are Oil & Gas All investments in infrastructure are in-kind
commercial, in-kind, or pro bono engagements (Indonesia,
(GRI 203-1) Oman and
Thailand), Power
(Indonesia)
20. Examples of significant identified indirect economic Oil & Gas MedcoEnergi assessed the outcome of 10
impacts of the organization, including positive and (Indonesia and (ten) projects by using Social Return of
negative impacts (GRI 203-2) Thailand), Power Investment (SROI) evaluation in 2024. The
(Indonesia) SROI evaluation was conducted by Inovasi
Muda Foundation in Asset Sampang, Block A,
Corridor and SGS (Thailand) Limited in
Thailand. MedcoEnergi’s analysis indicates
that each program generated impact as
follows:
a. Sampang
Clean Water Wells aims to provide
access to clean water for the
community and farmer in Sejati
Village. The program’s SROI was
calculated at 6.73. This translates to a
program present value of
approximately IDR1,365,855,048
from an investment of
IDR202,698,000 from the
implementation of the program in
2020-2024.
Fishing Tools Support Program for the
fishermen in Sampang Regency. The
program’s SROI was calculated at
2.15. This translates to a program
present value of approximately
IDR4,310,954,638 from an
investment of IDR2,007,476,000
from the implementation of the
program in 2021-2024.
b. Block A
Sustainable Agriculture Program
(Pertanian Sehat Ramah Lingkungan
Berkelanjutan/PSRLB), transforming
unproductive land and boosting
community in horticulture. The
program’s SROI was calculated at
1.61. This translates to a program
present value of approximately
IDR1,349,752,635 from an
investment of IDR 838,456,167 from
the implementation of the program in
2021-2024.
Mother and Child Empowerment
Center (Rumah Pemberdayaan Ibu dan
Anak/RPIA) to provide standard
access to education and health for
14
Page 20
Type of entity
Indicators/disclosures 2024
and location
both mothers and children. The
program’s SROI was calculated at
2.32. This translates to a program
present value of approximately
IDR5,667,052,231 from an
investment of IDR2,444,574,644
from the implementation of the
program in 2021-2024.
c. Corridor
Village Education Strengthening
Program to improve local teachers
capabilities and upgrading school
education management systems. The
program’s SROI was calculated at
1.68. This translates to a program
present value of approximately IDR
5,465,351,766 from an investment of
about IDR3,262,174,400 from the
implementation of the program in
2021-2024.
The Posyandu Development and
Strengthening Program focuses on
fulfilling the nutritional needs of
toddlers, pregnant women, and the
elderly, as well as addressing stunting
in children. The program’s SROI was
calculated at 1.26. This translates to a
program present value of
approximately IDR4,501,565,182
against an investment of about
IDR3,585,365,143 from the
implementation of the program in
2021-2024.
The Rubber Cultivation and Down
Streaming Program aims to increase
the productivity of rubber farmers.
The program’s SROI was calculated at
3.71. This translates to a program
present value of approximately
IDR11,489,469,278 against an
investment of about
IDR3,093,214,000 from the
implementation of the program in
2021-2024.
Local Business Development Program
focuses on empowering the
community’s economy through
training and technical assistance. The
program’s SROI was calculated at
1.22. This translates to a program
present value of approximately
IDR1,646,210,599 against an
investment of about
IDR1,348,025,546 from the
implementation of the program in
2021-2024.
d. Thailand
The Learning Space Development
Project at Banhadsairi School, aims to
provide students with a safe space and
learning areas. The program’s SROI
was calculated at 1.26. This translates
to a program present value of
approximately THB173,351.57
against an investment of about
THB138,087.68 from the
implementation of the program in
2021-2024.
The Sensory Room Project at
Chumphon Panyanukul School,
Chumpon Province, aims to help
students with intellectual disabilities,
multiple disabilities, and autism to
improve their concentration, physical
readiness, and mental preparedness
for learning. The program’s SROI was
15
Page 21
Type of entity
Indicators/disclosures 2024
and location
calculated at 2.82. This translates to a
program present value of
approximately THB1,784,703.25
against an investment of about
THB632,387.07 from the
implementation of the program in
2022-2024.
21. Significance of the indirect economic impacts in the Oil & Gas These efforts in Sampang, Block A, Corridor,
context of external benchmarks and stakeholder (Indonesia and and Thailand support the realization of the
priorities, such as national and international Thailand), Power following UN SDGs:
standards, protocols, and policy agendas (GRI 203-2) (Indonesia) SDG 2, 8, and 12 in Block A Sustainable
Agriculture Program (PSRLB)
SDG 3, 4, and 8 in Block A Mother and
Child Empowerment Center (RPIA)
SDG 4, 8, and 10 in Corridor Village
Education Strengthening Program
SDG 2, 3, 6, and 8 in Corridor Posyandu
Development and Strengthening
Program
SDG 1, 3, 8, 10, 13, and 15 in Corridor
Rubber Cultivation and Down Streaming
Program
SDG 3, 4, 8, 10, 11, and 12 in Corridor
Local Business Development Program
SDG 2, 3, 6, 8, 12 and 14 in Sampang
Clean Water Wells Program
SDG 2, 3, 6, 8, 12 and 14 in Sampang
Fishing Tools Support Program
SDG 4 and 12 in Thailand Learning Space
Development Project at Banhadsairi
School
SDG 1, 4, 10, 11, and 12 in Thailand
Sensory Room Project at Chumphon
Panyanukul School
GRI 205 – Anti-corruption
Type of entity
Indicators/disclosures 2024
and location
22. Total number and percentage of operations assessed Number Percentage
for risks related to corruption (GRI 205-1) Oil & Gas 11 100%
(Indonesia)
Oil & Gas (Oman 2 100%
and Thailand)
Power 10 63%
(Indonesia)
23. Significant risks related to corruption identified Corporate Corporate crime liability risk, procure to pay
through the risk assessment (GRI 205-1) fraud risk, conflict of interest risk, OFAC
violations risk and other sanction compliance
violation, business ethics violation, risk of
intellectual property
infringement/misappropriation and risk of
workplace conflict and harassment
24. Total number and percentage of governance body Number Percentage
members that the organization’s anti-corruption Corporate 13 100%
policies and procedures have been communicated to
(GRI 205-2)
25. Total number and percentage of employees that the Number Percentage
organization’s anti-corruption policies and procedures Oil & Gas 2,526 100%
have been communicated to (GRI 205-2) (Indonesia,
Oman, Thailand
and Singapore)
Power 1,013 100%
(Indonesia)
16
Page 22
Type of entity
Indicators/disclosures 2024
and location
26. Total number and percentage of business partners Number Percentage
that the organization’s anti-corruption policies and Oil & Gas 655 100%
procedures have been communicated to (GRI 205-2) (Indonesia,
Oman and
Thailand)
Power 2,181 100%
(Indonesia)
27. Total number and percentage of governance body Number Percentage
members that have received training on anti- Corporate 13 100%
corruption (GRI 205-2)
28. Total number and Number Percentage
percentage of Light education through Oil & Gas 2,526 100%
employees that have emails sent to employees (Indonesia,
received training on Oman, Thailand
anti-corruption and Singapore)
(GRI 205-2) Power 1,013 100%
(Indonesia)
Participative training in Oil & Gas 2,491 98.61%
both Oil & Gas and Power (Indonesia,
through the Statement of Oman, Thailand
Adherence forms and Singapore)
Power 1,012 99.90%
(Indonesia)
Intensive training in both Oil & Gas 590 23.36%
Oil & Gas and Power (Indonesia,
through face-to-face Oman, Thailand
trainings, online trainings, and Singapore)
and Ethics Liaison Officer Power 505 49.85%
sessions (Indonesia)
GRI 302 – Energy
Type of entity
Indicators/disclosures 2024
and location
29. Total fuel consumption Fuel consumption in Oil & Gas 34,899,653.31
within the organization gigajoules (Indonesia,
from non-renewable Fuel type used Oman and - Compressed Natural Gas (CNG)
sources, in gigajoules, Thailand) - Natural gas
and including fuel - Gasoline
types used - Aviation Gasoline
(GRI 302-1) - Jet Fuel (Kerosene)
- Diesel
- Fuel Oil
- Crude Oil
Fuel consumption in Power 24,567,004.39
gigajoules (Indonesia)
Fuel type used - Gasoline
- Diesel
- Natural gas
30. Total fuel consumption Fuel consumption in Oil & Gas 332,816.77
within the organization gigajoules (Indonesia and
from renewable Fuel type used Thailand) - Gasohol (E5)
sources, in gigajoules, - Diesel (B7)
and including fuel - Biodiesel (B30)
types used - Biodiesel (B35)
(GRI 302-1) - Solar energy
Fuel consumption in Power 434.40
gigajoules (Indonesia)
Fuel type used - Biodiesel (B35)
- Solar energy
31. In gigajoules, the total: i. Electricity consumption; Oil & Gas 246,981.54
(GRI 302-1) (Indonesia,
Oman, Thailand
and Singapore)
Power 6,674.70
(Indonesia)
ii. Heating consumption; Oil & Gas -
(Indonesia,
17
Page 23
Type of entity
Indicators/disclosures 2024
and location
Oman, Thailand
and Singapore)
Power -
(Indonesia)
iii. Cooling consumption; Oil & Gas -
(Indonesia,
Oman, Thailand
and Singapore)
Power -
(Indonesia)
iv. Steam consumption. Oil & Gas 487,971.87
(Oman)
Power -
(Indonesia)
32. In gigajoules, the total: i. Electricity sold; Oil & Gas -
(GRI 302-1) (Indonesia,
Oman, Thailand
and Singapore)
Power 10,005,930.07
(Indonesia)
ii. Heating sold; Oil & Gas -
(Indonesia,
Oman, Thailand
and Singapore)
Power -
(Indonesia)
iii. Cooling sold; Oil & Gas -
(Indonesia,
Oman, Thailand
and Singapore)
Power -
(Indonesia)
iv. Steam sold. Oil & Gas -
(Indonesia,
Oman, Thailand
and Singapore)
Power -
(Indonesia)
33. Total energy consumption within the organization, in Oil & Gas 35,967,423.49
gigajoules (GRI 302-1) (Indonesia,
Oman, Thailand
and Singapore)
Power 14,568,183.42
(Indonesia)
34. Standards, methodologies, assumptions, and/or Oil & Gas - American Petroleum Institute (API)
calculation tools used (GRI 302-1) (Indonesia, Compendium 2009
Oman, Thailand - The Greenhouse Gas (GHG) Protocol for
and Singapore)
Corporate Accounting and Reporting
Standard from World Business Council for
Sustainable Development (WBCSD) and
World Resources Institute (WRI) 2004
- ISO 14064-1:2006 regarding
specification with guidance at the
organisation level for quantification and
reporting of greenhouse gas emissions
and removals
- James G. Speight, Natural Gas (Second
Edition), Gulf Professional Publishing,
2019
Power - The GHG Protocol for Corporate
(Indonesia) Accounting and Reporting Standard from
WBCSD and WRI 2004
- ISO 14064-1:2006 regarding
specification with guidance at the
organisation level for quantification and
reporting of greenhouse gas emissions
and removals
35. Source of the conversion factors used (GRI 302-1) Oil & Gas Internal calculation with reference to
(Indonesia, American Petroleum Institute (API)
Oman, Thailand Compendium 2009 and Intergovernmental
and Singapore) Panel on Climate Change (IPCC) Guidelines for
18
Page 24
Type of entity
Indicators/disclosures 2024
and location
National Greenhouse Gas Inventories -
Volume 2 2006
Power Intergovernmental Panel on Climate Change
(Indonesia) (IPCC) Guidelines for National Greenhouse
Gas Inventories - Volume 2 2006
36. Energy intensity ratio for the organization Oil & Gas 2.86
(GRI 302-3) (Indonesia,
Oman, Thailand
and Singapore)
Power 5.23
(Indonesia)
37. Organization-specific metric (the denominator) Oil & Gas GJ/TOE HC product
chosen to calculate the ratio (GRI 302-3) (Indonesia, (Gigajoules per Tonne of Oil Equivalent of
Oman, Thailand Hydrocarbon product)
and Singapore)
Power GJ/MWh
(Indonesia) (Gigajoules per Megawatt-hour)
38. Types of energy included in the intensity ratio; Oil & Gas Fuel (renewable and non-renewable),
whether fuel, electricity, heating, cooling, steam, or (Indonesia, electricity and steam
all (GRI 302-3) Oman, Thailand
and Singapore)
Power Fuel (renewable and non-renewable) and
(Indonesia) electricity
39. Whether the ratio uses energy consumption within Oil & Gas Within the organisation
the organization, outside of it, or both (GRI 302-3) (Indonesia,
Oman, Thailand
and Singapore),
Power
(Indonesia)
GRI 305 – Emissions
Type of entity
Indicators/disclosures 2024
and location
40. Gross direct (Scope 1) GHG emissions in metric tons Oil & Gas 3,738,219.65
of CO2 equivalent (GRI 305-1) (Indonesia,
Oman and
Thailand)
Power 1,379,610.21
(Indonesia)
41. Breakdown of gross i. Gross direct (Scope 1) Oil & Gas 3,360,378.45
direct (Scope 1) GHG GHG emissions from (Indonesia,
emissions by type of combustion; Oman and
source for Oil & Gas ii. Gross direct (Scope 1) Thailand) 312,829.22
(GRI 305-1) GHG emissions from
flaring;
iii.Gross direct (Scope 1) 23,000.46
GHG emissions from
venting;
iv.Gross direct (Scope 1) 863.64
GHG emissions from
process (feedstock)
emissions;
v. Gross direct (Scope 1) 41,147.88
GHG emissions from
fugitives
42. Gases included in the calculation (GRI 305-1) Oil & Gas CO2, CH4, N2O, HFCs
(Indonesia,
Oman and
Thailand)
Power CO2, CH4, N2O
(Indonesia)
43. Gross direct and i. Gross direct (Scope 1) Oil & Gas 88,938.97
percentage of gross GHG emissions from CH4 (Indonesia,
direct (Scope 1) GHG in metric tons of CO2 Oman and
emissions from CH4 for equivalent; Thailand)
Oil & Gas (GRI 305-1) ii. Percentage of gross 2.38%
direct (Scope 1) GHG
emissions from CH4.
19
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Type of entity
Indicators/disclosures 2024
and location
44. Biogenic CO2 emissions in metric tons of CO2 Oil & Gas 23,924.14
equivalent (GRI 305-1) (Indonesia,
Oman and
Thailand)
Power 12.47
(Indonesia)
45. Base year for the i. The rationale for Oil & Gas MedcoEnergi has selected 2019 as
calculation, if choosing it; (Indonesia, MedcoEnergi’s base year as the data is the
applicable, including: Oman and best representation of MedcoEnergi's normal
(GRI 305-1) Thailand) operations and production before the
pandemic.
Power Not applicable
(Indonesia)
ii. Emissions in the base Oil & Gas 5,419,585.82 tCO2e
year; (Indonesia,
Oman and
Thailand)
Power Not applicable
(Indonesia)
iii. The context for any Oil & Gas Not applicable
significant changes in (Indonesia,
emissions that triggered Oman and
recalculations of base Thailand)
year emissions Power Not applicable
(Indonesia)
46. Source of the emission factors and the global warming Oil & Gas Source of emissions factors:
(Indonesia, Internal calculation with reference to
potential (GWP) rates used, or a reference to the GWP
Oman and American Petroleum Institute (API)
source (GRI 305-1) Thailand) Compendium 2009, United States
Environmental Protection Agency Air
Pollutant-42 (US EPA AP-42) and
Intergovernmental Panel on Climate Change
(IPCC) Guidelines for National Greenhouse
Gas Inventories - Volume 2 2006.
Source of GWP rates:
IPCC Fourth Assessment Report
Power Source of emissions factors:
(Indonesia) - Republic of Indonesia Implementation
Guidance of National Greenhouse Gas
Emissions Inventory Book II - Volume 1
Year 2012
- Intergovernmental Panel on Climate
Change (IPCC) Guidelines for National
Greenhouse Gas Inventories - Volume 2
2006
Source of GWP rates:
IPCC Fourth Assessment Report
47. Consolidation approach for emissions (GRI 305-1) Oil & Gas Operational control
(Indonesia,
Oman and
Thailand), Power
(Indonesia)
48. Standards, methodologies, assumptions, and/or Oil & Gas - API Compendium 2009
(Indonesia, - US EPA AP-42
calculation tools used (GRI 305-1)
Oman and - IPCC Guidelines for National Greenhouse
Thailand) Gas Inventories - Volume 2 2006
- The GHG Protocol for Corporate
Accounting and Reporting Standard from
WBCSD and WRI 2004
- EPA Mandatory Greenhouse Gas
Reporting 2016
- US EPA Greenhouse Gas Inventory
Guidance 2016
- ISO 14064-1:2006 regarding
specification with guidance at the
organisation level for quantification and
reporting of greenhouse gas emissions
and removals
- James G. Speight, Natural Gas (Second
Edition), Gulf Professional Publishing,
2019
20
Page 26
Type of entity
Indicators/disclosures 2024
and location
Power - The GHG Protocol for Corporate
(Indonesia) Accounting and Reporting Standard from
WBCSD and WRI 2004
- ISO 14064-1:2006 regarding
specification with guidance at the
organisation level for quantification and
reporting of greenhouse gas emissions
and removals
- Republic of Indonesia Implementation
Guidance of National Greenhouse Gas
Emissions Inventory Book II - Volume 1
Year 2012
49. Gross location-based energy indirect (Scope 2) GHG Oil & Gas 72,584.14
emissions in metric tons of CO2 equivalent (Indonesia,
(GRI 305-2) Oman, Thailand
and Singapore)
Power 1,726.21
(Indonesia)
50. If applicable, gross market-based energy indirect Oil & Gas 60,359.02
(Scope 2) GHG emissions in metric tons of CO2 (Indonesia,
equivalent (GRI 305-2) Oman, Thailand
and Singapore)
Power Not applicable for Medco Power operations
(Indonesia)
51. If available, the gases included in the calculation; Oil & Gas CO2, CH4, N2O
whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all (Indonesia,
(GRI 305-2) Oman, Thailand
and Singapore)
Power CO2
(Indonesia)
52. Base year for the i. The rationale for Oil & Gas MedcoEnergi has selected 2019 as
calculation, if choosing it; (Indonesia, MedcoEnergi’s base year as the data is the
applicable, including: Oman, Thailand best representation of MedcoEnergi's normal
(GRI 305-2) and Singapore) operations and production before the
pandemic.
Power Not applicable
(Indonesia)
ii. Emissions in the base Oil & Gas 587.62 tCO2e
year; (Indonesia,
Oman, Thailand
and Singapore)
Power Not applicable
(Indonesia)
iii.The context for any Oil & Gas Not applicable
significant changes in (Indonesia,
emissions that triggered Oman, Thailand
recalculations of base and Singapore)
year emissions Power Not applicable
(Indonesia)
53. Source of the emission factors and the global warming Oil & Gas Source of emissions factors:
potential (GWP) rates used, or a reference to the GWP (Indonesia, - API Compendium 2009
source (GRI 305-2) Oman, Thailand - IPCC Guidelines for National Greenhouse
and Singapore) Gas Inventories - Volume 2 2006
- Indonesia: GHG Emissions Factor of
Electricity System Year 2021, Directorate
General of Electricity, Ministry of Energy
and Mineral Resources of the Republic of
Indonesia
- Oman: The International Financial
Institution (IFI) Dataset of Default Grid
Factors v.3.0, United Nations Framework
Convention on Climate Change (UNFCCC)
- Thailand: CO2 Emissions per kilowatt-hour
(kWh), Energy Policy and Planning Office,
Ministry of Energy of the Kingdom of
Thailand
- Singapore: Electricity Grid Emission
Factor and Upstream Fugitive Methane
Emission Factor, Energy Market Authority
of the Republic of Singapore
- Scope 2 market-based emissions of South
Sumatra Block, Lematang and Bangkanai
21
Page 27
Type of entity
Indicators/disclosures 2024
and location
are calculated using the emission factor
from Renewable Energy Certificates
(RECs)
Source of GWP rates:
IPCC Fourth Assessment Report
Power Source of emissions factors:
(Indonesia) GHG Emissions Factor of Electricity System
Year 2021, Directorate General of
Electricity, Ministry of Energy and Mineral
Resources of the Republic of Indonesia
54. Consolidation approach for emissions (GRI 305-2) Oil & Gas Operational control
(Indonesia,
Oman, Thailand
and Singapore),
Power
(Indonesia)
55. Standards, methodologies, assumptions, and/or Oil & Gas - API Compendium 2009
calculation tools used (GRI 305-2) (Indonesia, - The GHG Protocol for Corporate
Oman, Thailand Accounting and Reporting Standard from
and Singapore) WBCSD and WRI 2004
- ISO 14064-1:2006 regarding
specification with guidance at the
organisation level for quantification and
reporting of greenhouse gas emissions
and removals
Power - The GHG Protocol for Corporate
(Indonesia) Accounting and Reporting Standard from
WBCSD and WRI 2004
- ISO 14064-1:2006 regarding
specification with guidance at the
organisation level for quantification and
reporting of greenhouse gas emissions
and removals
56. Gross other indirect Gross other indirect (Scope Oil & Gas 24,971,600.20
(Scope 3) GHG 3) GHG emissions in metric (Indonesia,
emissions in metric tons of CO2 equivalent Oman, Thailand
tons of CO2 equivalent and Singapore)
(GRI 305-3) Power 235,682.82
(Indonesia)
i. Scope 3 Category 3: Oil & Gas 50,447.12
Fuel- and energy-related (Indonesia,
activities (not included Oman, Thailand
in Scope 1 or Scope 2) and Singapore)
Power 235,682.82
(Indonesia)
ii. Scope 3 Category 10: Oil & Gas 1,841,562.30
Processing of sold (Indonesia and
product Thailand)
iii. Scope 3 Category 11: Oil & Gas 23,079,590.78
Use of sold product (Indonesia and
Thailand)
57. If available, the gases included in the calculation; Oil & Gas CO2, CH4, N2O
whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all (Indonesia,
(GRI 305-3) Oman, Thailand
and Singapore),
Power
(Indonesia)
58. Other indirect (Scope 3) GHG emissions categories Oil & Gas Categories included:
and activities included in the calculation (GRI 305-3) (Indonesia, - Category 3 (Fuel- and energy-related
Oman, Thailand activities (not included in Scope 1 or Scope
and Singapore) 2))
- Category 10 (Processing of sold product)
- Category 11 (Use of sold product)
Power Category included:
(Indonesia) - Category 3 (Fuel- and energy-related
activities (not included in Scope 1 or Scope
2))
59. Source of the emission factors and the global warming Oil & Gas Source of emissions factors:
potential (GWP) rates used, or a reference to the GWP (Indonesia, - Internal calculation with reference to GHG
source (GRI 305-3) Oman, Thailand Protocol for Corporate Value Chain (Scope
and Singapore) 3) Accounting and Reporting Standard
from WBCSD and WRI (2011), GHG
22
Page 28
Type of entity
Indicators/disclosures 2024
and location
Protocol for Technical Guidance for
Calculating Scope 3 Emissions (Version
1.0) from WBCSD and WRI (2011),
Intergovernmental Panel on Climate
Change (IPCC) Guidelines for National
Greenhouse Gas Inventories - Volume 2
2006
- UK Government GHG Conversion Factors
for Company Reporting from Department
for Business, Energy & Industrial Strategy
and Department for Environment Food &
Rural Affairs, 2022
- UK Government GHG Conversion Factors
for Company Reporting from Department
for Business, Energy & Industrial Strategy
and Department for Environment Food &
Rural Affairs, 2021
- UK Government GHG Conversion Factors
for Company Reporting from Department
for Business, Energy & Industrial Strategy
and Department for Environment Food &
Rural Affairs, 2017
- Emissions from Oil and Gas Operations in
Net Zero Transitions from International
Energy Agency (IEA), 2023
- Intergovernmental Panel on Climate
Change (IPCC) Guidelines for National
Greenhouse Gas Inventories - Volume 4
2006
- Emission intensity from downstream value
chain companies
Source of GWP rates:
IPCC Fourth Assessment Report
Power Source of emissions factors:
(Indonesia) - Internal calculation with reference to GHG
Protocol for Corporate Value Chain (Scope
3) Accounting and Reporting Standard
from WBCSD and WRI (2011), GHG
Protocol for Technical Guidance for
Calculating Scope 3 Emissions (Version
1.0) from WBCSD and WRI (2011),
Intergovernmental Panel on Climate
Change (IPCC) Guidelines for National
Greenhouse Gas Inventories - Volume 2
2006
- UK Government GHG Conversion Factors
for Company Reporting from Department
for Business, Energy & Industrial Strategy
and Department for Environment Food &
Rural Affairs, 2022
- UK Government GHG Conversion Factors
for Company Reporting from Department
for Business, Energy & Industrial Strategy
and Department for Environment Food &
Rural Affairs, 2021
- UK Government GHG Conversion Factors
for Company Reporting from Department
for Business, Energy & Industrial Strategy
and Department for Environment Food &
Rural Affairs, 2017
Source of GWP rates:
IPCC Fourth Assessment Report
60. Standards, methodologies, assumptions, and/or Oil & Gas - The GHG Protocol for Corporate
calculation tools used (GRI 305-3) (Indonesia, Accounting and Reporting Standard from
Oman, Thailand WBCSD and WRI, 2004
and Singapore) - The GHG Protocol for Corporate Value
Chain (Scope 3) Accounting and Reporting
Standard from WBCSD and WRI, 2011
- The GHG Protocol for Technical Guidance
for Calculating Scope 3 Emissions
(Version 1.0) from WBCSD and WRI, 2011
23
Page 29
Type of entity
Indicators/disclosures 2024
and location
- Estimating Petroleum Industry Value
Chain (Scope 3) Greenhouse Gas
Emissions from Ipieca and API, 2016
- American Petroleum Institute (API)
Compendium 2009
- GHG emissions related to categories 10
and 11 are calculated based on product
sold and considering an estimated
destination of use, based on buyer's
information, buyer's publication and
literature data (World Oil Final
Consumption per Product from IEA, 2022)
Power - The GHG Protocol for Corporate
(Indonesia) Accounting and Reporting Standard from
WBCSD and WRI, 2004
- The GHG Protocol for Corporate Value
Chain (Scope 3) Accounting and Reporting
Standard from WBCSD and WRI, 2011
- The GHG Protocol for Technical Guidance
for Calculating Scope 3 Emissions
(Version 1.0) from WBCSD and WRI, 2011
- American Petroleum Institute (API)
Compendium 2009
61. GHG emissions i. Scope 1 Oil & Gas 297.76
intensity ratio for the (Indonesia,
organization Oman and
(GRI 305-4) Thailand)
Power 0.50
(Indonesia)
ii. Scope 1 + Scope 2 Oil & Gas 302.57
(Indonesia,
Oman, Thailand
and Singapore)
Power 0.50
(Indonesia)
62. Organization-specific metric (the denominator) Oil & Gas tCO2e/1,000 TOE HC product
chosen to calculate the ratio (GRI 305-4) (Indonesia, (tonnes of carbon dioxide equivalent per
Oman, Thailand 1,000 Tonnes of Oil Equivalent of
and Singapore) Hydrocarbon product)
Power tCO2e/MWh
(Indonesia) (tonnes of carbon dioxide equivalent per
Megawatt-hour)
63. Types of GHG emissions included in the intensity ratio; Oil & Gas - Direct (Scope 1) GHG emission sources
whether direct (Scope 1), energy indirect (Scope 2), (Indonesia, - Direct (Scope 1) + energy indirect (Scope
and/or other indirect (Scope 3) (GRI 305-4) Oman, Thailand 2) GHG emission sources
and Singapore),
Power
(Indonesia)
64. Gases included in the calculation; whether CO2, CH4, Oil & Gas CO2, CH4, N2O, HFCs
N2O, HFCs, PFCs, SF6, NF3, or all (GRI 305-4) (Indonesia,
Oman, Thailand
and Singapore)
Power CO2, CH4, N2O
(Indonesia)
65. Significant air NOx (tonne/year) Oil & Gas 5,652.53
emissions, in tonnes, (Indonesia,
for each of the Oman and
following: Thailand)
(GRI 305-7) Power 6,547.47
(Indonesia)
SOx (tonne/year) Oil & Gas 598.22
(Indonesia,
Oman and
Thailand)
Power 371.43
(Indonesia)
Volatile organic Oil & Gas 1,214.47
compounds (VOC) (Indonesia,
(tonne/year) Oman and
Thailand)
Power Not applicable
(Indonesia)
24
Page 30
Type of entity
Indicators/disclosures 2024
and location
Particulate matter (PM) Oil & Gas 247.13
(tonne/year) (Indonesia,
Oman and
Thailand)
Power 634.07
(Indonesia)
66. Source of the emissions factors used (GRI 305-7) Oil & Gas Internal calculation with reference to
(Indonesia, American Petroleum Institute (API)
Oman and Compendium 2009 and United States
Thailand) Environmental Protection Agency Air
Pollutant-42 (US EPA AP-42)
Power Not applicable
(Indonesia)
67. Standards, methodologies, assumptions, and/or Oil & Gas - API Compendium 2009
(Indonesia, - US EPA AP-42
calculation tools used (GRI 305-7)
Oman and - The GHG Protocol for Corporate
Thailand) Accounting and Reporting Standard from
WBCSD and WRI 2004
- ISO 14064-1:2006 regarding
specification with guidance at the
organisation level for quantification and
reporting of greenhouse gas emissions
and removals
- Minister of Environment of the Republic of
Indonesia Regulation Number 12 Year
2012 regarding Guidelines for Calculation
of Emissions for Oil and Gas Industry
Activities
Power Minister of Environment and Forestry of the
(Indonesia) Republic of Indonesia Regulation Number 15
Year 2019 regarding Emission Quality
Standards for Thermal Power Plants
GRI 401 – Employment
Type of entity
Indicators/disclosures 2024
and location
68. Total number and Number Percentage
rate of new Age Under 30 years Oil & Gas 31 1.23%
employee hires group old (Indonesia,
during the reporting 30-50 years old Oman, 25 0.99%
period, by age Over 50 years old Thailand and 5 0.20%
group, gender and Singapore)
region (GRI 401-1) Age Under 30 years Power 98 9.67%
group old (Indonesia)
30-50 years old 76 7.50%
Over 50 years old 4 0.39%
Gender Female Oil & Gas 14 0.55%
(Indonesia,
Oman, Thailand
and Singapore)
Male 47 1.86%
Gender Female Power 15 1.48%
(Indonesia)
Male 163 16.09%
Region Oman Oil & Gas 16 0.63%
Thailand (Indonesia, 3 0.12%
(Bangkok Office) Oman,
Thailand (Field) Thailand and - -
Singapore Office Singapore) 1 0.04%
Block A 8 0.32%
South Sumatra 1 0.04%
Block
Rimau - -
25
Page 31
Type of entity
Indicators/disclosures 2024
and location
South Natuna Sea - -
Block B
Lematang - -
Tarakan - -
Jakarta Office 32 1.27%
Bangkanai - -
Sampang - -
Corridor - -
Region Medco Power Power 14 1.38%
Indonesia Head (Indonesia)
Office
Pembangkitan - -
Pusaka
Parahiangan
(Cianjur)
Bio Jatropha 1 0.10%
Indonesia
(Cianjur)
Medco Cahaya 3 0.30%
Geothermal
(Jakarta)
Mitra Energi 1 0.10%
Batam & Dalle
Energi Batam
(Batam)
Energi Listrik 12 1.18%
Batam (Batam)
Multidaya Prima - -
Elektrindo
(Palembang)
Energi Prima - -
Elektrika
(Palembang)
Tanjung Jati B 2 0.20%
(Jepara)
Medco 8 0.79%
Geothermal
Sarulla (Tapanuli
Utara)
Medcopower 2 0.20%
Servis Indonesia
(Pekanbaru)
Medcopower - -
Solar Sumbawa
(Sumbawa)
Medco Ratch 5 0.49%
Power Riau
(Jakarta Head
Office)
Medco Solar Bali 7 0.69%
Timur (Bali Timur)
Medco Power 114 11.25%
Energi Services
(Sulawesi Utara)
Medco Power 9 0.89%
Geothermal
Services (Jakarta
Head Office)
69. Total number and Number Percentage
rate of employee Age Under 30 years Oil & Gas 2 0.08%
turnover during the group old (Indonesia,
reporting period, by 30-50 years old Oman, Thailand 37 1.46%
age group, gender Over 50 years old and Singapore) 74 2.93%
and region
(GRI 401-1) Age Under 30 years Power 33 3.26%
group old (Indonesia)
30-50 years old 31 3.06%
Over 50 years old 6 0.59%
Gender Female Oil & Gas 19 0.75%
(Indonesia,
Oman, Thailand
and Singapore)
Male 94 3.72%
26
Page 32
Type of entity
Indicators/disclosures 2024
and location
Gender Female Power 8 0.79%
Male (Indonesia) 62 6.12%
Region Oman Oil & Gas 4 0.16%
Thailand (Indonesia, 3 0.12%
(Bangkok Office) Oman, Thailand
Thailand (Field) and Singapore) 1 0.04%
Singapore Office 1 0.04%
Block A 9 0.36%
South Sumatra 3 0.12%
Block
Rimau 1 0.04%
South Natuna Sea 11 0.44%
Block B
Lematang - -
Tarakan 1 0.04%
Jakarta Office 62 2.45%
Bangkanai 3 0.12%
Sampang 2 0.08%
Corridor 12 0.48%
Region Medco Power Power 15 1.48%
Indonesia Head (Indonesia)
Office
Pembangkitan 1 0.10%
Pusaka
Parahiangan
(Cianjur)
Bio Jatropha - -
Indonesia
(Cianjur)
Medco Cahaya 2 0.20%
Geothermal
(Jakarta)
Mitra Energi - -
Batam & Dalle
Energi Batam
(Batam)
Energi Listrik 3 0.30%
Batam (Batam)
Multidaya Prima 1 0.10%
Elektrindo
(Palembang)
Energi Prima 2 0.20%
Elektrika
(Palembang)
Tanjung Jati B 6 0.59%
(Jepara)
Medco 5 0.49%
Geothermal
Sarulla (Tapanuli
Utara)
Medcopower 1 0.10%
Servis Indonesia
(Pekanbaru)
Medcopower 1 0.10%
Solar Sumbawa
(Sumbawa)
Medco Ratch 33 3.26%
Power Riau
(Jakarta Head
Office)
Medco Solar Bali - -
Timur (Bali Timur)
Medco Power - -
Energi Services
(Sulawesi Utara)
Medco Power - -
Geothermal
Services (Jakarta
Head Office)
70. Benefits which are standard for full-time employees of Oil & Gas 1. Education/Scholarship Assistance (Oman)
the organization but are not provided to temporary or (Indonesia, 2. Emergency Loan/Loan Salary Advance (Oil
part-time employees, by significant locations of & Gas Domestic)
27
Page 33
Type of entity
Indicators/disclosures 2024
and location
operation.These include, as a minimum: (i) Life Oman, Thailand 3. Pension programme - “Penghargaan Atas
insurance; (ii) Health care; (iii) Disability and invalidity and Singapore) Pengabdian” (Oil & Gas Domestic,
coverage; (iv) Parental leave; (v) Retirement excluding Bangkanai & Sampang)
provision; (vi) Stock ownership; (vii) Others 4. Pension programme - Dana Pensiun
(GRI 401-2) Lembaga Keuangan/DPLK (Oil & Gas
Domestic)
5. Service Award (Oil & Gas Domestic)
6. Housing Loan Assistance (Oman)
7. Provident Fund (Thailand)
8. General Loan (Oil & Gas - MEPI)
9. Home Ownership Assistance
Program/HOAP (Oil & Gas Domestic -
Malaka/Block A)
Power 1. Rest and Relax Allowance (Medco Power
(Indonesia) Indonesia)
2. Emergency Loan (Medco Power Indonesia,
Tanjung Jati B, Energi Listrik Batam,
Medco Power Ratch Riau)
3. Pension Programme - Dana Pensiun
Lembaga Keuangan/DPLK (Medco Power
Indonesia, Tanjung Jati B, Mitra Energi
Batam/Dalle Energi Batam, Medco
Geothermal Sarulla)
71. The definition used for ‘significant locations of Oil & Gas As stated in the list of benefits above
operation (GRI 401-2) (Indonesia,
Oman, Thailand
and Singapore),
Power
(Indonesia)
72. Total number of Gender Female Oil & Gas 493
employees that were (Indonesia,
entitled to parental Male Oman, Thailand 1,883
leave, by gender and Singapore)
(GRI 401-3) Gender Female Power 126
Male (Indonesia) 661
73. Total number of Gender Female Oil & Gas 12
employees that took (Indonesia,
parental leave, by Oman, Thailand
gender (GRI 401-3) Male and Singapore) 39
Gender Female Power 1
(Indonesia)
Male 17
74. Total number of Gender Female Oil & Gas 12
employees that (Indonesia,
returned to work in Oman,
the reporting period Male Thailand and 39
after parental leave Singapore)
ended, by gender Gender Female Power 1
(GRI 401-3) (Indonesia)
Male 17
75. Total number of Gender Female Oil & Gas 14
employees that (Indonesia,
returned to work Oman,
after parental leave Male Thailand and 52
ended that were still Singapore)
employed 12 Gender Female Power 4
months after their (Indonesia)
return to work, by Male 5
gender (GRI 401-3)
76. a. Return to work Gender Female Oil & Gas 100%
rates of (Indonesia,
employees that Oman,
took parental Male Thailand and 100%
leave, by gender Singapore)
(GRI 401-3)
Gender Female Power 100%
Male (Indonesia) 100%
b. Retention rates Gender Female Oil & Gas 100%
of employees that (Indonesia,
took parental Oman,
leave, by gender Male Thailand and 98.11%
(GRI 401-3) Singapore)
Gender Female Power 100%
(Indonesia)
28
Page 34
Type of entity
Indicators/disclosures 2024
and location
Male 100%
GRI 403 – Occupational Health and Safety
Type of entity
Indicators/disclosures 2024
and location
77. For all employees: the number and rate of fatalities as Number Rate
a result of work-related injury (GRI 403-9) Oil & Gas - -
(Indonesia,
Oman and
Thailand)
Power - -
(Indonesia)
78. For all employees: the number and rate of high- Number Rate
consequence work-related injuries (excluding Oil & Gas - -
fatalities) (GRI 403-9) (Indonesia,
Oman and
Thailand)
Power - -
(Indonesia)
79. For all employees: the number and rate of recordable Number Rate
work-related injuries (GRI 403-9) Oil & Gas - -
(Indonesia,
Oman and
Thailand)
Power - -
(Indonesia)
80. For all employees: the main types of work-related Oil & Gas Not applicable
injury (GRI 403-9) (Indonesia,
Oman and
Thailand)
Power Not applicable
(Indonesia)
81. For all employees: the number of hours worked Oil & Gas 4,997,392
(GRI 403-9) (Indonesia,
Oman and
Thailand)
Power 1,321,089
(Indonesia)
82. For all workers who are not employees but whose Number Rate
work and/or workplace is controlled by the Oil & Gas - -
organization: the number and rate of fatalities as a (Indonesia,
result of work-related injury (GRI 403-9) Oman and
Thailand)
Power - -
(Indonesia)
83. For all workers who are not employees but whose Number Rate
work and/or workplace is controlled by the Oil & Gas - -
organization: the number and rate of high- (Indonesia,
consequence work-related injuries (excluding Oman and
fatalities) (GRI 403-9) Thailand)
Power - -
(Indonesia)
84. For all workers who are not employees but whose Number Rate
work and/or workplace is controlled by the Oil & Gas 3 0.11
organization: the number and rate of recordable work- (Indonesia,
related injuries (GRI 403-9) Oman and
Thailand)
Power 3 0.57
(Indonesia)
85. For all workers who are not employees but whose Oil & Gas Head wound injury, left thumb got pinched by
work and/or workplace is controlled by the (Indonesia, wrench and laceration/bruises elbow injury
organization: the main types of work-related injury Oman and
(GRI 403-9) Thailand)
29
Page 35
Type of entity
Indicators/disclosures 2024
and location
Power Laceration on the head, laceration on the left
(Indonesia) arm and laceration on the left hand finger
86. For all workers who are not employees but whose Oil & Gas 26,163,724
work and/or workplace is controlled by the (Indonesia,
organization: the number of hours worked (GRI 403- Oman and
9) Thailand)
Power 5,239.420
(Indonesia)
87. The work-related hazards that pose a risk of high- Oil & Gas As a continuation for good safety culture, all
consequence injury, including: i. how these hazards (Indonesia, sites and facilities conducted hazard
have been determined; ii. Which of these hazards Oman and identification, risk assessment, risk mitigation
have caused or contributed to high-consequence Thailand) and develop preventive actions aligned with
MedcoEnergi Management System and all
injuries during the reporting period; iii. Actions taken
related procedures and guidelines.
or underway to eliminate these hazards and minimize
risks using the hierarchy of controls (GRI 403-9) Continuation of review and audit are also
performed to enable each asset to minimise or
eliminate potential major hazard incident and
high potential events occurrence and reduce
the risk within operations. Leading Metric with
specific focus area is also developed to improve
site/function awareness and capabilities to
prevent incidents.
Identified hazards that pose a risk of high-
consequence injury are:
Well activities causing potential blow
out
Loss of containment from
hydrocarbon processing facility
Gas blowby in the processing facility
Toxic gas exposure due to loss of
primary containment
Aviation operation
Marine operation, including potential
vessel collision with facility and boat
transfer
Land transportation
Use of explosive material &
detonator to support activity
Pressurised gas cylinder
Lifting activity
Forest/bush fire
Health issue
Power Medco Power has identified work-related
(Indonesia) hazards for power plant operation and project.
In the process of identifying potential hazards
in the work environment, Medco Power utilises
the HIRADC (Hazard Identification Risk
Assessment and Determine Control) method.
HIRADC is established before commencement
of any work and is updated regularly, especially
when there are new activities in the work
process. However, there are several cases of
medical treatment and first aid, where the main
causes are slip, trip, fall (STF) hazards, contact
with moving equipment parts, and contact with
hot materials. These hazards are classified into
Life Saving Rules (LSR) related to the line of
fire, work at height, lifting, and work
authorisation.
Medco Power encourages all leaders to make
sure that everyone is aware and understands
the Life Saving Rules. Medco Power conducted
regular review for hazard identification and risk
assessment to identify any potential hazards
related to LSR which may cause high-
consequence work accidents. Several actions
were also conducted by Medco Power as a
follow-up action and prevention for reoccurring
incidents, such as eliminating the risk by using
safe and proper equipment, developing work
procedures and instructions for safe work
methods, providing appropriate personal
protective equipment for all workers,
increasing Life Saving Rules safety awareness,
and conducting mandatory HSE training for all
workers.
30
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Type of entity
Indicators/disclosures 2024
and location
88. Any actions taken or underway to eliminate other Oil & Gas MedcoEnergi eliminates and minimises risks by
work-related hazards and minimize risks using the (Indonesia, continually improving the hazard observation
hierarchy of controls (GRI 403-9) Oman and programme through Safety Card and Life
Thailand) Saving Rules (LSR) Field Verification,
improving safety campaigns, monitoring
leading metrics related to occupational safety
and process safety, conducting Health Risk
Assessment (HRA) including mitigation actions
required, health monitoring through Medical
Check Up (MCU) compliance and its follow up,
conducting Audit SIAP SELAMAT in Offshore
Asset (Sampang, Matak & Belida) and Onshore
Asset (Well Operations South Sumatra Block),
engaging contractor through Contractor HSE
Forum and Contractor Safety Ambassador,
sharing learning from incidents and
investigation results, conducting leadership
visit to site, performing regular emergency drill
exercise including for incident involving mass
casualty, which is required to prevent any
incident to occur.
As part of continual improvement,
MedcoEnergi evaluates HSE Management
System (HSEMS) practices which support
organisation to systematically identify, assess,
control and monitor operational risks to
MedcoEnergi’s business, employees,
contractors, stakeholders and the
environment.
MedcoEnergi also develop digitalisation aspect
of safety campaign, safety observation and
medical requirement as an effort to maximise
coverage of information, process, or system
into a digital format and integrating technology
to improve efficiency, effectiveness, and
accessibility.
Power Medco Power has integrated the Health,
(Indonesia) Safety, and Environmental Protection aspects
into the HSE Card programme, which allows
workers to conduct hazards observations,
report the hazards/risks, as well as take the
proper action. The HSE Card can be filled
manually and through iOS and Android
applications. All reports will be collected on the
web-based dashboard to be further analysed
and assessed by the HSE team. Minor
corrective actions can be taken immediately
once the report is received, while more
complex corrective actions will be reported to
the relevant parties to be analysed and given
the appropriate recommendations. Referring
to HIRADC in hazard management, Medco
Power reviews the existing hazard control, and
in the case of a hazards/risks value that is still
high, Medco Power will add the following
control methods:
1.Elimination;
2.Substitution;
3.Engineering and Isolation;
4.Procedure and Warning Sign;
5.Training and Monitoring;
6.PPE to reduce the hazards/risk value into the
acceptance level.
89. Whether the rates have been calculated based on Oil & Gas The rates of work related fatalities, high-
200,000 or 1,000,000 hours worked (GRI 403-9) (Indonesia, consequence work-related injuries (excluding
Oman and fatalities) and recordable work-related injuries
Thailand), are calculated based on 1,000,000 hours
Power worked.
(Indonesia)
31
Page 37
Type of entity
Indicators/disclosures 2024
and location
90. Whether and, if so, why any workers have been Oil & Gas No employees or workers have been excluded
excluded from this disclosure, including the types of (Indonesia, from this disclosure.
workers excluded (GRI 403-9) Oman and
Thailand),
Power
(Indonesia)
91. Any contextual information necessary to understand Oil & Gas The injury rates are calculated as follow:
how the data have been compiled, such as any (Indonesia,
standards, methodologies, and assumptions used Oman and The rate of fatalities as a result of work-related
(GRI 403-9) Thailand) injury per 1,000,000 work hours=
(number of fatality)/manhour x 1,000,000
The rate of high-consequence work-related
injuries (excluding fatalities) per 1,000,000
work hours=(number of high-consequence
injuries (excluding fatalities))/manhour x
1,000,000
The rate of recordable work-related injuries per
1,000,000 work hours= (number of recordable
injuries)/manhour x 1,000,000)
Safety statistics and incident data are collected
from each asset based on the Incident
Management Document Guideline. This system
is widely used for industrial incident rate
calculation and classification in accordance
with local Government Regulations and refers
to Occupational and refers to Occupational
Safety and Health Administration (OSHA) 29
CFR Part 1904 - Standard for Reporting and
Recording Occupational Injuries and Illness.
Power The injury rates are calculated as follow:
(Indonesia)
The rate of fatalities as a result of work-related
injury per 1,000,000 work hours=(Number of
fatality)/manhour x 1,000,000
The rate of high-consequence work-related
injuries (excluding fatalities) per 1,000,000
work hours=(Number of high-consequence
injuries (excluding fatalities))/manhour x
1,000,000
The rate of recordable work-related injuries per
1,000,000 work hours=(Number of recordable
injuries)/manhour x 1,000,000
Medco Power’s safety statistics are calculated
from subsidiaries based on incident/accident
investigation and reporting procedures
(A800/C01/SOPR010014), which complies
with the Indonesian Government Regulation
(Minister of Manpower Regulation Number
03/MEN/98 regarding Procedure in Reporting
and Investigating Occupational Accident and
Ministry of Manpower and Transmigration
Regulation Number PER.01/MEN/1981
regarding Obligation to Report Occupational
Illness) and Occupational Safety and Health
Administration (OSHA) 29 CFR Part 1904 -
Standard for Reporting and Recording
Occupational Injuries and Illness.
GRI 404 – Training and Education
Type of entity
Indicators/disclosures 2024
and location
92. Type and scope of programs implemented and Oil & Gas MedcoEnergi offers a comprehensive internal
assistance provided to upgrade employee skills (GRI (Indonesia) training program with courses in four key
404-2) areas:
Leadership/Softskill
Technical
Operations, and
HSE
32
Page 38
Type of entity
Indicators/disclosures 2024
and location
The training programs are primarily designed
for permanent and direct contract employees.
While some specialised programs cater to
senior management (Senior Manager, Vice
President, and Senior Vice President), most
courses are open to employees at all levels
within the company.
In addition to internal training, MedcoEnergi
offers an Employee Education Assistance
programme to support permanent employees
pursuing higher education. This program helps
employees financially with obtaining Bachelor's
and Master's degrees. This programme is
applicable for all permanent employees with
minimum 3 (three) years of services in the
company and with 'Good' performance rating
for the last 3 (three) years.
93. Transition assistance programs provided to facilitate Oil & Gas MedcoEnergi offers a pre-retirement program
continued employability and the management of (Indonesia) designed to prepare permanent employees for
career endings resulting from retirement or a smooth transition into retirement. The
termination of employment (GRI 404-2) programme details are aligned with the
applicable Pre-Retirement Guideline, which
typically allows employees aged 50 and over to
begin participating.
94. Percentage of total i.Gender Female Oil & Gas 98.65%
employees by Male (Indonesia) 98.87%
gender and by ii.Employee SVP & VP Oil & Gas 95.00%
employee category category Superintendent (Indonesia) 99.20%
who received a & supervisor
regular performance Senior manager 100.00%
and career Manager 98.81%
development review Staff 98.74%
during the reporting
period (GRI 404-3)
GRI 405 – Diversity and Equal Opportunity
Type of entity
Indicators/disclosures 2024
and location
95. Percentage of i. Gender Female Corporate 15.38%
individuals within Male 84.62%
the organization’s ii. Age Under 30 years Corporate -
governance bodies group old
in each of the 30-50 years old 15.38%
following diversity Over 50 years 84.62%
categories (GRI 405- old
1) iii. Other indicators of diversity Corporate Not available
where relevant (such as
minority or vulnerable
groups).
96. Percentage of i. Gender Female Oil & Gas 19.52%
employees per (Indonesia,
employee category Oman, Thailand
in each of the and Singapore)
following diversity Male 80.48%
categories (GRI 405-
1)
Female Power 12.44%
Male (Indonesia) 87.56%
ii. Age Under 30 years Oil & Gas 4.51%
group old (Indonesia,
Oman,
30-50 years old Thailand and 69.28%
Singapore)
Over 50 years 26.21%
old
33
Page 39
Type of entity
Indicators/disclosures 2024
and location
Under 30 years Power 24.88%
old (Indonesia)
30-50 years old 64.76%
Over 50 years 10.37%
old
iii. Other indicators of Oil & Gas Not available
diversity where relevant (Indonesia,
(such as minority or Oman,
vulnerable groups). Thailand and
Singapore),
Power
(Indonesia)
GRI 410 – Security Practices
Type of entity
Indicators/disclosures 2024
and location
97. Percentage of security personnel who have received Oil & Gas 99.86%
formal training in the organization’s human rights (Indonesia)
policies or specific procedures and their application to Power 100%
security (GRI 410-1) (Indonesia)
98. Whether training requirements also apply to third- Oil & Gas Human rights policies and procedures training
party organizations providing security personnel (GRI (Indonesia), is also applied to third-party security personnel
410-1) Power
(Indonesia)
GRI 413 – Local Communities
Type of entity
Indicators/disclosures 2024
and location
99. Percentage of operations with implemented local Oil & Gas 100%
community engagement, impact assessments, and/or (Indonesia,
development programs, including the use of (i) Social Oman and
impact assessments, including gender impact Thailand)
assessments, based on participatory processes; (ii) Power 100%
Environmental impact assessments and ongoing (Indonesia)
monitoring; (iii) Public disclosure of results of
environmental and social impact assessments; (iv)
Local community development programs based on
local communities’ needs; (v) Stakeholder
engagement plans based on stakeholder mapping; (vi)
Broad-based local community consultation
committees and processes that include vulnerable
groups; (vii) Work councils, occupational health and
safety committees and other worker representation
bodies to deal with impacts; (viii) Formal local
community grievance processes (GRI 413-1)
34
Page 40
GRI 415 – Public Policy
Type of entity
Indicators/disclosures 2024
and location
100.Total monetary value of financial and in-kind political Oil & Gas MedcoEnergi does not support any political
contributions made directly and indirectly by the (Indonesia, party and does not make contributions or
organization by country and recipient/beneficiary Oman and donations to any political party or affiliated
(GRI 415-1) Thailand), organisation in any location we operate.
Power
(Indonesia)
101.If applicable, how the monetary value of in-kind Oil & Gas Not applicable
contributions was estimated (GRI 415-1) (Indonesia,
Oman and
Thailand),
Power
(Indonesia)
All indicators in the subject matter information covered data for PT Medco Energi Internasional
Tbk and its subsidiaries (collectively referred to as the “Group”) which are included in the scope
of the Group’s sustainability report as follows:
Type of asset Location Name of asset
Oil & Gas Oman Oman
Thailand Bangkok Office
Thailand (Field)
Singapore Singapore Office
Indonesia Block A
South Sumatra Block
Rimau
South Natuna Sea Block B
Lematang
Tarakan
Madura Offshore
Sampang
Bangkanai
Jakarta Office
Corridor
Palembang Office
Banda Aceh Office
Power Indonesia Mitra Energi Batam
Dalle Energi Batam
Energi Listrik Batam
Medco Geothermal Sarulla
Tanjung Jati B
Bio Jatropha Indonesia
Pembangkitan Pusaka Parahiangan
Medco Power Indonesia Head Office
Multidaya Prima Elektrindo
Energi Prima Elektrika
Medco Cahaya Geothermal
Medco Ratch Power Riau
Medcopower Servis Indonesia
Medcopower Solar Sumbawa
Medco Solar Bali Timur
Medco Power Energi Services
Medco Power Geothermal Services
35
Names mentioned 14 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Independent Practitioner’s Limited
p.2 ×4
unresolved
org
Purwantono
p.5
unresolved
org
Ministry of Energy and Mineral Resources
p.26 ×2
unresolved
org
Ministry of Energy
p.26
unresolved
org
Directorate General of Electricity
p.27
unresolved
org
Minister of Environment
p.30
unresolved
org
Minister of Environment and Forestry
p.30
unresolved
org
Medco Power
(Indonesia
p.33
unresolved
org
Dana Pensiun Lembaga Keuangan
p.33
unresolved
org
Minister of Manpower Regulation
p.37
unresolved
org
Ministry of Manpower and Transmigration Regulation
p.37
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