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PT Medco Energi Internasional Tbk. and its subsidiaries Subject matter information included in the sustainability report as of December 31, 2023 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 the Indonesian language
Independent Practitioner’s Limited Assurance Report
Report No. 00009/2.1032/NS.0/02/0702-1/1/V/2024
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 Standards on Assurance Engagement (SAE)
3000 (Revised 2022), “Assurance Engagements Other than Audits or Reviews of Historical
Financial Information” (“SAE 3000”), established by the Indonesian Institute of Certified Public
Accountants (“IICPA”), hereafter referred to as the “Engagement”, to report on the
accompanying subject matter information included in the sustainability report of the Company’s
and its subsidiaries (collectively referred to as the “Group”) as of December 31, 2023 and for
the year then ended (the “Sustainability Report”) as specified in Appendix 1 of this 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 limited assurance report.
Any information (including sustainability information) prior to January 1, 2023 and
subsequent to December 31, 2023.
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 the Indonesian language
Independent Practitioner’s Limited Assurance Report (continued)
Report No. 00009/2.1032/NS.0/02/0702-1/1/V/2024 (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 SAE 3000 established by the IICPA, and
the terms of reference for this Engagement as agreed with the Group’s management. The
standard requires 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.
Our independence and quality management
We have complied with the independence and other ethical requirements of the Code of Ethics
for Public Accountants issued by the IICPA, which is founded on fundamental principles of
integrity, objectivity, professional competence and due care, confidentiality and professional
behavior.
We also apply 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 management 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 the Indonesian language
Independent Practitioner’s Limited Assurance Report (continued)
Report No. 00009/2.1032/NS.0/02/0702-1/1/V/2024 (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 Subject Matter Information and related information, and
applying analytical and other appropriate procedures.
Our limited assurance procedures included:
Conducting interviews with key personnel to understand the process for collecting, collating
and reporting the Subject Matter Information during the reporting period.
Comparing that the calculation criteria had been correctly applied in accordance with the
methodologies outlined in the Criteria.
Performing recalculations of performance metrics to confirm quantities stated were
replicable.
Undertaking analytical review procedures to support the reasonableness of the data.
Undertaking site visits to oil and gas operation location, South Natuna Sea Block B, and to
power operation location, Mitra Energi Batam and Dalle Energi Batam.
Vouching, on a sample basis, to underlying source information to check the validity of the
data.
iii
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The original limited assurance report included herein is in the Indonesian language
Independent Practitioner’s Limited Assurance Report (continued)
Report No. 00009/2.1032/NS.0/02/0702-1/1/V/2024 (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 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
Widya Arijanti
Public Accountant Registration No. AP.0702
May 7, 2024
iv
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The original subject matter information included herein is in the Indonesian language
Appendix 1. Subject Matter Information for Independent Limited Assurance of PT Medco Energi
Internasional Tbk. and its subsidiaries’ (the “Group” or “MedcoEnergi”) Sustainability Report as of
December 31, 2023 and for the year then ended
GRI 2-7 – General disclosure – Employees
Type of entity
Indicators/disclosures 2023
and location
1. Total number of Gender Female Oil & Gas (Oman, 46
employees, and a Male Thailand and 247
breakdown of this Singapore)
total by gender and Female Oil & Gas 457
by region (GRI 2-7) Male (Indonesia) 1,847
Female Power 114
Male (Indonesia) 787
Region Oman Oil & Gas 195
Thailand (Indonesia, 53
(Bangkok Office) Oman, Thailand
Thailand and Singapore) 34
(Bualuang)
Singapore Office 11
Block A 163
South Sumatra 174
Block
Rimau 98
South Natuna 289
Sea Block B
Lematang 20
Tarakan 26
Jakarta Office 1,250
Bangkanai 42
Sampang 13
Corridor 229
Region Medco Power Power 126
Indonesia Head (Indonesia)
Office
Pembangkitan 22
Pusaka
Parahiangan
(Cianjur)
Bio Jatropha 21
Indonesia
(Cianjur)
Medco Cahaya 29
Geothermal
(Jakarta)
Mitra Energi 68
Batam & Dalle
Energi Batam
(Batam)
Energi Listrik 57
Batam (Batam)
Multidaya Prima 23
Elektrindo
(Palembang)
Energi Prima 26
Elektrika
(Palembang)
Tanjung Jati B 224
(Jepara)
Medco 105
Geothermal
Sarulla (Tapanuli
Utara)
Medcopower 154
Servis Indonesia
(Pekanbaru)
Medcopower 11
Solar Sumbawa
(Sumbawa)
Page 7
Type of entity
Indicators/disclosures 2023
and location
Medco Ratch 26
Power Riau
(Jakarta Head
Office)
Medco Solar Bali 9
Barat (Bali
Barat)
Permanent Temporary
2. Total number of Gender Female Oil & Gas (Oman, 46 -
permanent Male Thailand and 235 12
employees, and a Singapore)
breakdown by Female Oil & Gas 456 1
gender and by Male (Indonesia) 1,836 11
region (GRI 2-7) Female Power 94 20
3. Total number of Male (Indonesia) 650 137
temporary Region Oman Oil & Gas 183 12
employees, and a Thailand (Indonesia, 53 -
breakdown by (Bangkok Office) Oman, Thailand
gender and by Thailand and Singapore) 34 -
region (GRI 2-7) (Bualuang)
Singapore Office 11 -
Block A 163 -
South Sumatra 174 -
Block
Rimau 98 -
South Natuna 289 -
Sea Block B
Lematang 20 -
Tarakan 26 -
Jakarta Office 1,240 10
Bangkanai 42 -
Sampang 11 2
Corridor 229 -
Region Medco Power Power 107 19
Indonesia Head (Indonesia)
Office
Pembangkitan 22 -
Pusaka
Parahiangan
(Cianjur)
Bio Jatropha 20 1
Indonesia
(Cianjur)
Medco Cahaya 23 6
Geothermal
(Jakarta)
Mitra Energi 65 3
Batam & Dalle
Energi Batam
(Batam)
Energi Listrik 57 -
Batam (Batam)
Multidaya Prima 21 2
Elektrindo
(Palembang)
Energi Prima 25 1
Elektrika
(Palembang)
Tanjung Jati B 220 4
(Jepara)
Medco 103 2
Geothermal
Sarulla (Tapanuli
Utara)
Medcopower 42 112
Servis Indonesia
(Pekanbaru)
Medcopower 10 1
Solar Sumbawa
(Sumbawa)
Medco Ratch 23 3
Power Riau
(Jakarta Head
Office)
Page 8
Type of entity
Indicators/disclosures 2023
and location
Medco Solar Bali 6 3
Barat (Bali
Barat)
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 have 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 (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)
GRI 2-23 – Policy commitments
Type of entity
Indicators/disclosures 2023
and location
10. Describe its policy commitments for responsible Corporate MedcoEnergi's commitments for 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’s governance is founded on the
principles of Transparency, Accountability,
Responsibility, Independence and Fairness.
The Good Corporate Governance (GCG)
guides MedcoEnergi on how the organisation
should be governed by MedcoEnergi’s 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/page/vie
w/1541.
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Type of entity
Indicators/disclosures 2023
and location
Employee ethical conduct management:
MedcoEnergi developed Code of Conduct (i.e.
Our Code) based on benchmarks with
multinational companies and international
leading practices, to 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’s
people to uphold when conducting 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 of Conduct.
MedcoEnergi’s Code of Conduct can be
accessed at
https://www.medcoenergi.com/en/page/vie
w/1545.
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.
MedcoEnergi’s Sustainability Policy can be
accessed at
https://www.medcoenergi.com/en/page/vie
w/3361.
MedcoEnergi's HSE Policy outlines
MedcoEnergi’s commitment to continuously
improve HSE performance. It aims to achieve
zero incidents, injuries and illnesses in all
MedcoEnergi’s activities and to protect
employees and stakeholders as well as the
environment where MedcoEnergi operates.
MedcoEnergi’s HSE Policy can be accessed at
https://www.medcoenergi.com/en/page/vie
w/2689.
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
MedcoEnergi operates. MedcoEnergi Oil &
Gas’ Community Development Policy can be
accessed at
https://www.medcoenergi.com/en/page/vie
w/3367.
MedcoEnergi Oil & Gas’ Security Policy
describes MedcoEnergi’s commitment to
providing protection for employees, assets,
facilities, operations and its reputation based
on MedcoEnergi’s Mission, Vision and Values
to secure the working environment as a
foundation for sustainable business growth.
MedcoEnergi Oil & Gas’ Security Policy can be
accessed at
https://www.medcoenergi.com/en/page/vie
w/3367.
Page 10
Type of entity
Indicators/disclosures 2023
and location
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 • Sustainability Policy
covers; ii) the categories of stakeholders, including
• Code of Conduct
at-risk or vulnerable groups, that the organization
gives particular attention to in the commitment. (GRI • Code of Supplier
2-23) • Security Policy
• Community Development Policy
i. The internationally recognized human rights
principles are stated in the following policies
and relevant sections:
1. 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."
2. 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, treat every
individual with respect, and doing
our business operations in
compliance to the relevant human
rights laws wherever MedcoEnergi
operates."
3. Code of Supplier key elements
bullet 1. "Follow the same ethical
standards, including Our Code and
the applied Company’s
policies/procedures."
4. Security Policy paragraph 3.
"MedcoEnergi Oil & Gas 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."
5. Community Development Policy
paragraph 1. "MedcoEnergi Oil &
Gas 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".
ii. The policies also mention the categories of
stakeholders:
1. Local Communities in Sustainability
Policy page 1, in the Environmental
and Social Development and Local
Community Empowerment section
2. Local Labour, Children, Local
Communities in Code of Conduct
page 16, in the Safe Workplace sub-
section Human Rights section
Page 11
Type of entity
Indicators/disclosures 2023
and location
3. Suppliers, including suppliers of
services, equipment, materials and
other goods, agents, consultants,
contractors, subcontractors and
consortium in the Code of Supplier
4. Partnership with security
stakeholders in Security Policy
point 7
12. Provide links to the policy commitments if publicly Corporate Links to Sustainability Policy, CoC and Code
available, or, if the policy commitments are not of Supplier:
publicly available, explain the reason for this (GRI 2-
23) • Sustainability Policy:
https://www.medcoenergi.com/files/Sust
ainability_Reports/Sustainability%20Polic
y%2020200508%20ENG.pdf
• Code of Conduct:
https://www.medcoenergi.com/files/inve
stor/gcg/Code_of_Conduct_ENG.pdf
• Code of Supplier:
https://www.medcoenergi.com/en/page/
view/3511
• Security Policy:
https://www.medcoenergi.com/files/Sust
ainability_Reports/Security%20Policy.pdf
• Community Development Policy:
https://www.medcoenergi.com/files/Sust
ainability_Reports/Community%20Develo
pment%20Policy.pdf
• HSE Policy:
https://www.medcoenergi.com/files/202
1/2021%20MedcoEnergi%20HSE%20Poli
cy%20Signed.pdf
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.
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 familiarizations
and engagements:
▪ Sustainability Policy: 8 May 2020
▪ Code of Conduct: 4 May 2020
▪ Code of Supplier: 26 December 2022
▪ Security Policy: February 2020
▪ Community Development Policy: April
2020
▪ HSE Policy: April 2021
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 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,
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Type of entity
Indicators/disclosures 2023
and location
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 our
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 MedcoEnergi Oil & Gas’
assets.
Security Policy:
Last paragraph - It is the responsibility of
everyone in the MedcoEnergi Oil & Gas’ to
comply with this Policy and support its
implementation.
15. Describe how the policy commitments are Corporate MedcoEnergi has a 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 has a process for the Company’s
Code of Supplier commitments to be read,
agreed to, and signed by business partners
whenever contracts are signed. Contracts
between MedcoEnergi and third parties using
MedcoEnergi’s contracts standards have
included clauses that the contractor, in
countries where MedcoEnergi operates, has
committed to comply with 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. Sustainability Policy:
1. Posted in MedcoEnergi's website
https://www.medcoenergi.com/file
s/Sustainability_Reports/Sustainab
ility%20Policy%2020200508%20E
NG.pdf
2. Internal familiarizations and
engagements: Inductions for New
Hires, Medco 101 – for New Leader,
Medco Subsurface Academy, Medco
Project Management Academy
3. External familiarizations and
engagements: Vendor Day
ii. Code of Conduct & Code of Supplier:
1. Posted in MedcoEnergi's website:
a. Code of Conduct:
https://www.medcoenergi.co
m/files/investor/gcg/Code_of_
Conduct_ENG.pdf
b. Code of Supplier:
https://www.medcoenergi.co
m/en/page/view/3511
2. Internal familiarizations and
engagements: Annual Statements
of Adherence (SoA) and Conflicts of
Page 13
Type of entity
Indicators/disclosures 2023
and location
Interest (CoI) declarations (EP
Domestic email blast on 22
February 2023)
3. External familiarizations and
engagements: Email blast to
business partners and suppliers (to
Oman on 15 Nov 2023, to Thailand
28 Feb 2023).
iii. Community Development Policy:
1. Posted in MedcoEnergi's website
https://www.medcoenergi.com/file
s/Sustainability_Reports/Communi
ty%20Development%20Policy.pdf
2. SMS monitoring sessions for all
domestic assets & Thailand.
All of MedcoEnergi’s policies are available in
English and Indonesian and accessible
through MedcoEnergi’s websites.
GRI 2-24 – Embedding policy commitments
Type of entity
Indicators/disclosures 2023
and location
16. Describe how it i. How it allocates Corporate i. It is the role and responsibility of BoD to
embeds each of its responsibility to oversee the implementation of the policy
policy commitments implement the commitment. It is written in:
for responsible commitments across 1. MedcoEnergi Sustainability Manual
business conduct different levels within the October 2022 page 8-10 of 20 in
throughout its organization; the Sustainability Governance
activities and section: Structure & Oversight and
business Roles & Responsibilities
relationships, 2. Code of Conduct page 5
including: (GRI 2-24) "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
and to achieve an effective and
efficient business operation
conducted in accordance with all
applicable laws and regulation".
This statement is aligned with the
2022 Sustainability Report page 42
"Strengthening our Governance"
and 2022 Annual Report page 105
"Corporate Governance"
ii. There are various divisions in the
organization 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 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).
Page 14
Type of entity
Indicators/disclosures 2023
and location
iii. The Sustainability Policy commitments is
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 the
MedcoEnergi Sustainability Manual, page 8-9
of 20. Furthermore, information about both
the SRMC and GCG committees can be found
in the 2022 Annual Report, pages 104-105
and the 2022 Sustainability Report, pages 41-
42. 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 organization
are held for cross-functional, employees and
business partners. The activities and results
are reported to the GCG Committee (for BoC
and BoD) by the Audit and Integrity
Compliance (A&IC) Division.
ii. How it integrates the Corporate 1.a. MedcoEnergi has a risk management
commitments into system (ERM) and management policies in
organizational strategies, place (MEI-CRM-GL -001 dated 1 Dec 2020),
operational policies, and which are aligned with the MedcoEnergi’s
operational procedures; policies. All risks considered across the
universe of risk categories reflect how the
responsible business conduct is implemented.
1.b. MedcoEnergi’s policies align with
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
MedcoEnergi’s standalone human rights
policy.
• The Human Rights Impact Assessment
(HRIA) for Medco E&P Malaka and JOB
Tomori was conducted in 2023. HRIA
was conducted as part of lenders’
request to meet Equator Principles 4
(EP4).
1.c. As part of the Performance Management
System (PMS) annual cycle, MedcoEnergi
incorporates sustainability-related key
performance indicators (KPIs) into
MedcoEnergi’s Team Performance Contracts
(TPCs). MedcoEnergi aligns TPCs outcomes
with reward programmes, including salary
reviews and performance incentives.
2. Sustainability Assessment Guidelines (for
Projects) Dec 2020 and Sustainability
Assessment Guidelines for Operations Nov
2022 document how Medco Oil & Gas
identifies, assesses, and manages
environmental and social risks across all
stages in the projects and operations.
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
Page 15
Type of entity
Indicators/disclosures 2023
and location
commitments through MedcoEnergi’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 the MedcoEnergi
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 have included clauses that the
contractor, in countries where MedcoEnergi
operates, has committed to comply with
applicable laws and regulations and
MedcoEnergi’s Business Ethics (Code of
Conduct and Code of Supplier).
MedcoEnergi’s business process considers the
Code of Conduct's and Code of Supplier's
commitments whenever MedcoEnergi
determines whether to initiate, continue, or
terminate a business relationship.
iv. Training that the Corporate MedcoEnergi provides various capability
organization provides on building and engagement sessions on
implementing the implementing policy commitments:
commitments • Programs for upgrading employee skills
and transition assistance refer to GRI
404-2 through HSE Orientation.
• COC training refers to GRI 205 (ii e)
through new hire participants 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.
Note: The Gada Pratama training
programme is designed for new security
guards and candidates.
• The VPSHR training was conducted on 5-
6 Nov 2023 for selected participants in
the divisions of Corporate Sustainability
& Risk Management and Relations &
Security.
GRI 203 – Indirect Economic Impacts
Type of entity
Indicators/disclosures 2023
and location
17. Extent of development of significant infrastructure Oil & Gas USD395,723.46
investments and services supported (GRI 203-1) (Indonesia,
Oman and
Thailand)
Power USD10,562.64
(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 street lamps, 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.
Page 16
Type of entity
Indicators/disclosures 2023
and location
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 5 (five)
impacts of the organization, including positive and (Indonesia and projects by using Social Return of Investment
negative impacts (GRI 203-2) Thailand), Power (SROI) evaluation in 2023. The SROI
(Indonesia) evaluation was conducted by Social
Investment Indonesia (SII) Foundation in
South Natuna Sea Block B and SGS (Thailand)
Limited in Thailand. MedcoEnergi’s analysis
indicates that each program generated impact
as follows:
• Anambas Centre for Fish Seeds
(Balai Benih Ikan Anambas/BBIA) in
13 villages to improve the local
economy through the sustainable
aquaculture of groupers. The
program includes creating a market
for fish seeds and enhancing local
capacities. The BBIA programme’s
SROI was calculated at 1.58. This
translates to a programme present
value of approximately IDR
2,095,961,525 against an
investment of about IDR
1,330,542,500 from the
implementation of the programme
in 2021-2023.
• Food Security Programme
(Program Ketahanan Pangan)
through capacity building in five
villages aims to reduce reliance on
food imports, stabilise prices, and
curb inflation. The programme’s
SROI was calculated at 1.79 from
the implementation of the
programme in 2022-2023,
indicating a present value of IDR
1,584,827,228 from an investment
of IDR 887,594,500.
• Tourism Village Programme at
Pengeran Island Belibak Village
(Desa Wisata Pulau Pengeran Desa
Belibak) aimed to enhance local
tourism by providing tourist
accommodations, supporting
tourist communities, capacity-
building for residents, and
development of tourism
infrastructure. The programme’s
SROI in 2021-2023 was 4.10,
achieving a programme present
value of IDR 1,236,400,027 from
an investment of IDR 301,711,680.
• Mangrove Conservation and
Rehabilitation Project in Lang Suan
District, Chumphon Province, which
improves local natural resources,
local climate, ecotourism, and food
security for local community. The
SROI, as per the financial ratio
supported by the Bualuang asset, is
3.56 for the period between 2021
and 2023. This number indicates
that each THB 1 investment yielded
benefits valued at THB 3.56. The
programme’s present value is THB
2,408,807 from an investment of
THB 600,000.
• The Sensory Room Project at
Chumphon Panyanukul School
which improves concentration and
sensory system for students with
intellectual disabilities. The
Page 17
Type of entity
Indicators/disclosures 2023
and location
project’s net present value
contributed by the Bualuang asset
is THB 720,209.60 from an
investment of THB 214,700. The
SROI is 3.53 from 2022 to 2023.
21. Significance of the indirect economic impacts in the Oil & Gas These efforts in South Natuna Sea Block B and
context of external benchmarks and stakeholder (Indonesia), Thailand support the realization of the
priorities, such as national and international Power following UN SDGs:
standards, protocols, and policy agendas (GRI 203-2) (Indonesia) • SDG 8 and 14 in Anambas Centre
for Fish Seeds (BBIA)
• SDG 2 in Food Security Programme
(Program Ketahanan Pangan)
• SDG 8 in Tourism Village
Programme at Pengeran Island
Belibak Village
• SDG 13 and 14 in Mangrove
Conservation and Rehabilitation
Project
• SDG 4 in Sensory Room Project
GRI 205 – Anti-corruption
Type of entity
Indicators/disclosures 2023
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 71%
(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, and business ethics violation.
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 2,597 100%
have been communicated to (GRI 205-2) (Indonesia,
Oman, Thailand
and Singapore)
Power 901 100%
(Indonesia)
26. Total number and percentage of business partners Number Percentage
that the organization’s anti-corruption policies and Oil & Gas 693 100%
procedures have been communicated to (GRI 205-2) (Indonesia,
Oman, Thailand)
Power 1,615 100%
(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 2,597 100%
employees that have emails sent to employees (Indonesia,
received training on Oman, Thailand
anti-corruption and Singapore)
(GRI 205-2) Power 901 100%
(Indonesia)
Page 18
Type of entity
Indicators/disclosures 2023
and location
Participative training in Oil & Gas 2,534 97.57%
both Oil & Gas and Power (Indonesia,
through the Statement of Oman, Thailand
Adherence forms and Singapore)
Power 900 99.89%
(Indonesia)
Intensive training in both Oil & Gas 707 27.22%
Oil & Gas and Power (Indonesia,
through face-to-face Oman, Thailand
trainings, online trainings, and Singapore)
and Ethics Liaison Officer Power 265 29.41%
sessions (Indonesia)
GRI 302 – Energy
Type of entity
Indicators/disclosures 2023
and location
29. Total fuel consumption Fuel consumption in Oil & Gas 38,296,845.28
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 (GRI 302- - Aviation gasoline
1) - Jet fuel (kerosene)
- Diesel
- Fuel oil
- Crude oil
Fuel consumption in Power 25,226,144.25
gigajoules (Indonesia)
Fuel type used - Gasoline
- Diesel
- Natural gas
30. Total fuel consumption Fuel consumption in Oil & Gas 264,406.66
within the organization gigajoules (Indonesia,
from renewable Fuel type used Oman and - Gasohol 91/95 (E10)
sources, in gigajoules, Thailand) - Gasohol (E20)
and including fuel - Diesel (B7)
types used (GRI 302- - Biodiesel (B30)
1) - Biodiesel (B35)
- Solar energy
Fuel consumption in Power 570.08
gigajoules (Indonesia)
Fuel type used - Biodiesel (B30)
- Biodiesel (B35)
- Solar energy
31. In gigajoules, the total: i. Electricity consumption; Oil & Gas 177,400.20
(GRI 302-1) (Indonesia,
Oman, Thailand
and Singapore)
Power 6,070.45
(Indonesia)
ii. Heating consumption; Oil & Gas -
(Indonesia,
Oman, Thailand
and Singapore)
Power -
(Indonesia)
iii. Cooling consumption; Oil & Gas -
(Indonesia,
Oman, Thailand
and Singapore)
Power -
(Indonesia)
iv. Steam consumption. Oil & Gas -
(Indonesia,
Oman, Thailand
and Singapore)
Power -
(Indonesia)
Page 19
Type of entity
Indicators/disclosures 2023
and location
32. In gigajoules, the total: i. Electricity sold; Oil & Gas -
(GRI 302-1) (Indonesia,
Oman, Thailand
and Singapore)
Power 10,132,680.47
(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 38,738,652.13
gigajoules (GRI 302-1) (Indonesia,
Oman, Thailand
and Singapore)
Power 15,100,104.31
(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
organization 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
organization 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 API
(Indonesia, Compendium 2009 and Intergovernmental
Oman, Thailand Panel on Climate Change (IPCC) Guidelines for
and Singapore) 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 (GRI 302- Oil & Gas 2.88
3) (Indonesia,
Oman, Thailand
and Singapore)
Power 5.36
(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)
Page 20
Type of entity
Indicators/disclosures 2023
and location
38. Types of energy included in the intensity ratio; Oil & Gas Fuel (renewable and non-renewable) and
whether fuel, electricity, heating, cooling, steam, or (Indonesia, electricity
all Oman, Thailand
(GRI 302-3) and Singapore),
Power
(Indonesia)
39. Whether the ratio uses energy consumption within Oil & Gas Within the organization
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 2023
and location
40. Gross direct (Scope 1) GHG emissions in metric tons Oil & Gas 4,223,200.48
of CO2 equivalent (GRI 305-1) (Indonesia,
Oman and
Thailand)
Power 1,416,624.90
(Indonesia)
41. Breakdown of gross i. Gross direct (Scope 1) Oil & Gas 3,835,109.15
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) 317,246.99
(GRI 305-1) GHG emissions from
flaring;
iii. Gross direct (Scope 1) 28,092.93
GHG emissions from
venting;
iv. Gross direct (Scope 1) 2,154.81
GHG emissions from
process (feedstock)
emissions;
v. Gross direct (Scope 1) 40,596.59
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 98,520.42
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 2.33%
direct (Scope 1) GHG
emissions from CH4.
44. Biogenic CO2 emissions in metric tons of CO2 Oil & Gas 18,887.01
equivalent (GRI 305-1) (Indonesia,
Oman and
Thailand)
Power 14.59
(Indonesia)
45. Base year for the i. The rationale for Oil & Gas MedcoEnergi has selected 2019 as
choosing it; (Indonesia, MedcoEnergi’s base year as the data is the
calculation, if
Oman and best representation of MedcoEnergi's normal
applicable, including: Thailand) operations and production before the
(GRI 305-1) 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)
Page 21
Type of entity
Indicators/disclosures 2023
and location
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
organization 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
organization 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 26,354.18
emissions in metric tons of CO2 equivalent (GRI 305-2) (Indonesia,
Oman, Thailand
and Singapore)
Power 1,565.65
(Indonesia)
Page 22
Type of entity
Indicators/disclosures 2023
and location
50. If applicable, gross market-based energy indirect Oil & Gas Not applicable for MedcoEnergi operating
(Scope 2) GHG emissions in metric tons of CO2 (Indonesia, countries
equivalent (GRI 305-2) Oman, Thailand
and Singapore),
Power
(Indonesia)
51. If available, the gases included in the calculation; Oil & Gas CO2
whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all (Indonesia,
(GRI 305-2) Oman, Thailand
and Singapore),
Power
(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 - Indonesia: GHG Emissions Factor of
and Singapore) 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
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
organization level for quantification and
reporting of greenhouse gas emissions
and removals
Page 23
Type of entity
Indicators/disclosures 2023
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
organization level for quantification and
reporting of greenhouse gas emissions
and removals
56. GHG emissions i. Scope 1 Oil & Gas 314.49
intensity ratio for the (Indonesia,
organization Oman and
(GRI 305-4) Thailand)
Power 0.50
(Indonesia)
ii. Scope 1 + Scope 2 Oil & Gas 316.45
(Indonesia,
Oman, Thailand
and Singapore)
Power 0.50
(Indonesia)
57. 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 1,000
Oman, Thailand Tonnes of Oil Equivalent of Hydrocarbon
and Singapore) product)
Power tCO2e/MWh
(Indonesia) (tonnes of carbon dioxide equivalent per
Megawatt-hour)
58. 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)
59. 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)
60. Significant air NOx (tonne/year) Oil & Gas 5,958.34
emissions, in tonnes, (Indonesia,
for each of the Oman and
following: Thailand)
(GRI 305-7) Power 7,315.50
(Indonesia)
SOx (tonne/year) Oil & Gas 698.37
(Indonesia,
Oman, and
Thailand)
Power 172.30
(Indonesia)
VOC (tonne/year) Oil & Gas 1,289.48
(Indonesia,
Oman, and
Thailand)
Power Not applicable
(Indonesia)
PM (tonne/year) Oil & Gas 261.50
(Indonesia,
Oman and
Thailand)
Power 523.01
(Indonesia)
61. 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)
Page 24
Type of entity
Indicators/disclosures 2023
and location
62. 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
organization 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 2023
and location
63. Total number and Number Percentage
rate of new Age Under 30 years Oil & Gas 44 1.69%
employee hires group old` (Indonesia,
during the reporting Oman,
period, by age 30-50 years old Thailand and 48 1.85%
group, gender and Singapore)
region (GRI 401-1) Over 50 years old 5 0.19%
Age Under 30 years Power 79 8.77%
group old (Indonesia)
30-50 years old 50 5.55%
Over 50 years old - -
Gender Female Oil & Gas 17 0.65%
(Indonesia,
Oman, Thailand
and Singapore)
Male 80 3.08%
Gender Female Power 15 1.66%
(Indonesia)
Male 114 12.65%
Region Oman Oil & Gas 7 0.27%
Thailand (Indonesia, 2 0.08%
(Bangkok Office) Oman,
Thailand Thailand and 1 0.04%
(Bualuang) Singapore)
Singapore Office 1 0.04%
Block A 12 0.46%
South Sumatra 22 0.85%
Block
Rimau 7 0.27%
South Natuna Sea 1 0.04%
Block B
Lematang - -
Tarakan - -
Jakarta Office 40 1.54%
Bangkanai 1 0.04%
Sampang 1 0.04%
Corridor 2 0.08%
Region Medco Power Power 15 1.66%
Indonesia Head (Indonesia)
Office
Page 25
Type of entity
Indicators/disclosures 2023
and location
Pembangkitan 1 0.11%
Pusaka
Parahiangan
(Cianjur)
Bio Jatropha 1 0.11%
Indonesia
(Cianjur)
Medco Cahaya 3 0.33%
Geothermal
(Jakarta)
Mitra Energi 1 0.11%
Batam & Dalle
Energi Batam
(Batam)
Energi Listrik 8 0.89%
Batam (Batam)
Multidaya Prima 1 0.11%
Elektrindo
(Palembang)
Energi Prima 1 0.11%
Elektrika
(Palembang)
Tanjung Jati B 2 0.22%
(Jepara)
Medco - -
Geothermal
Sarulla (Tapanuli
Utara)
Medcopower 94 10.43%
Servis Indonesia
(Pekanbaru)
Medcopower - -
Solar Sumbawa
(Sumbawa)
Medco Ratch 2 0.22%
Power Riau
(Jakarta Head
Office)
Medco Solar Bali - -
Barat (Bali Barat)
64. Total number and Number Percentage
rate of employee Age Under 30 years Oil & Gas 3 0.12%
turnover during the group old (Indonesia,
reporting period, by 30-50 years old Oman, Thailand 40 1.54%
age group, gender Over 50 years old and Singapore) 55 2.12%
and region
(GRI 401-1) Age Under 30 years Power 11 1.22%
group old (Indonesia)
30-50 years old 15 1.66%
Over 50 years old 7 0.78%
Gender Female Oil & Gas 20 0.77%
(Indonesia,
Oman, Thailand
and Singapore)
Male 78 3.00%
Gender Female Power 7 0.78%
Male (Indonesia) 26 2.89%
Region Oman Oil & Gas 4 0.15%
Thailand (Indonesia, 6 0.23%
(Bangkok Office) Oman, Thailand
Thailand and Singapore) 1 0.04%
(Bualuang)
Singapore Office 1 0.04%
Block A 3 0.12%
South Sumatra 1 0.04%
Block
Rimau - -
South Natuna Sea 11 0.42%
Block B
Lematang 1 0.04%
Tarakan - -
Jakarta Office 56 2.16%
Bangkanai - -
Sampang 2 0.08%
Corridor 12 0.46%
Page 26
Type of entity
Indicators/disclosures 2023
and location
Region Medco Power Power 11 1.22%
Indonesia Head (Indonesia)
Office
Pembangkitan 1 0.11%
Pusaka
Parahiangan
(Cianjur)
Bio Jatropha - -
Indonesia
(Cianjur)
Medco Cahaya - -
Geothermal
(Jakarta)
Mitra Energi 2 0.22%
Batam & Dalle
Energi Batam
(Batam)
Energi Listrik 1 0.11%
Batam (Batam)
Multidaya Prima 1 0.11%
Elektrindo
(Palembang)
Energi Prima - -
Elektrika
(Palembang)
Tanjung Jati B 5 0.55%
(Jepara)
Medco 1 0.11%
Geothermal
Sarulla (Tapanuli
Utara)
Medcopower 8 0.89%
Servis Indonesia
(Pekanbaru)
Medcopower - -
Solar Sumbawa
(Sumbawa)
Medco Ratch 2 0.22%
Power Riau
(Jakarta Head
Office)
Medco Solar Bali 1 0.11%
Barat (Bali Barat)
65. 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 Oman, Thailand & Gas Domestic)
operation.These include, as a minimum: (i) Life and Singapore)
3. Pension program – “Penghargaan Atas
insurance; (ii) Health care; (iii) Disability and invalidity
coverage; (iv) Parental leave; (v) Retirement Pengabdian” (Oil & Gas Domestic,
provision; (vi) Stock ownership; (vii) Others excluding Bangkanai & Sampang)
(GRI 401-2) 4. Pension program – Dana Pensiun 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, Medco Geothermal Sarulla)
2. Emergency Loan (Medco Power Indonesia,
Tanjung Jati B, Energi Listrik Batam,
Medco Ratch Power Riau)
3. Pension Program – Dana Pensiun Lembaga
Keuangan/DPLK (Medco Power Indonesia,
Tanjung Jati B, Mitra Energi Batam & Dalle
Energi Batam, Medco Geothermal Sarulla)
Page 27
Type of entity
Indicators/disclosures 2023
and location
66. 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)
67. Total number of Gender Female Oil & Gas 503
employees that were (Indonesia,
entitled to parental Male Oman, Thailand 1,947
leave, by gender and Singapore)
(GRI 401-3) Gender Female Power 114
Male (Indonesia) 619
68. Total number of Gender Female Oil & Gas 14
employees that took (Indonesia,
parental leave, by Oman, Thailand
gender (GRI 401-3) Male and Singapore) 53
Gender Female Power 4
(Indonesia)
Male 5
69. Total number of Gender Female Oil & Gas 14
employees that (Indonesia,
returned to work in Oman,
the reporting period Male Thailand and 53
after parental leave Singapore)
ended, by gender Gender Female Power 4
(GRI 401-3) (Indonesia)
Male 5
70. Total number of Gender Female Oil & Gas 16
employees that (Indonesia,
returned to work Oman,
after parental leave Male Thailand and 65
ended that were still Singapore)
employed 12 Gender Female Power 5
months after their (Indonesia)
return to work, by Male 12
gender (GRI 401-3)
71. a. Return to work Gender Female Oil & Gas 100%
rates of employees (Indonesia,
that took parental Oman,
leave, by gender Male Thailand and 100%
(GRI 401-3) Singapore)
Gender Female Power 100%
Male (Indonesia) 100%
b. Retention rates Gender Female Oil & Gas 100%
of employees that (Indonesia,
took parental leave, Oman,
by gender (GRI 401- Male Thailand and 98.48%
3) Singapore)
Gender Female Power 100%
(Indonesia)
Male 85.71%
GRI 403 – Occupational Health and Safety
Type of entity
Indicators/disclosures 2023
and location
72. 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)
73. 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)
Page 28
Type of entity
Indicators/disclosures 2023
and location
74. For all employees: the number and rate of recordable Number Rate
work-related injuries (GRI 403-9) Oil & Gas 1 0.20
(Indonesia,
Oman and
Thailand)
Power - -
(Indonesia)
75. For all employees: the main types of work-related Oil & Gas Restricted Work-Days Case (RWDC) –
injury (GRI 403-9) (Indonesia, Laceration wound on nose
Oman and
Thailand)
Power Not applicable
(Indonesia)
76. For all employees: the number of hours worked Oil & Gas 5,023,853
(GRI 403-9) (Indonesia,
Oman and
Thailand)
Power 1,197,657
(Indonesia)
77. 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)
78. 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)
79. For all workers who are not employees but whose Number Rate
work and/or workplace is controlled by the Oil & Gas 4 0.17
organization: the number and rate of recordable work- (Indonesia,
related injuries (GRI 403-9) Oman and
Thailand)
Power - -
(Indonesia)
80. For all workers who are not employees but whose Oil & Gas Laceration head wound, foot punctured by
work and/or workplace is controlled by the (Indonesia, sharp object & hand finger injury.
organization: the main types of work-related injury Oman and
(GRI 403-9) Thailand)
Power Not applicable
(Indonesia)
81. For all workers who are not employees but whose Oil & Gas 23,504,925
work and/or workplace is controlled by the (Indonesia,
organization: the number of hours worked (GRI 403- Oman and
9) Thailand)
Power 3,112,802
(Indonesia)
82. The work-related hazards that pose a risk of high- Oil & Gas The prevention and mitigation measures of
consequence injury, including: i. how these hazards (Indonesia, operational hazards in all facilities are
have been determined; ii. Which of these hazards Oman and identified, assessed, and determined after the
have caused or contributed to high-consequence Thailand) hazard identification and risk assessment
process. This is in accordance with
injuries during the reporting period; iii. Actions taken
MedcoEnergi’s HSE Management System that
or underway to eliminate these hazards and minimize aligns with International Standards and
risks using the hierarchy of controls (GRI 403-9) Practices.
The risk assessment process is conducted with
the participation of multidisciplinary teams
with the objective to eliminate or minimize
potential occurrence of major accidents and
reduce the risk within operations. This process
is conducted by demonstrating risk reduction
measures and providing assurance that the
asset has the ability and means to manage their
hazards and properly control major accident
risks, in order to achieve safe and sustainable
operations.
Page 29
Type of entity
Indicators/disclosures 2023
and location
There was no high-consequence injury from
operational activities recorded in the Oil & Gas
operations throughout 2023. Identified
hazards that pose a risk of high-consequence
injuries 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 operations
• Marine operations, including potential
vessel collision with facility and boat
transfer
• Land transportation
• Use of explosive material & detonator to
support activities
• Pressurized gas cylinder
• Lifting activities
• Forest fire
Power Medco Power has identified work-related
(Indonesia) hazards. In the process of identifying potential
hazards in the work environment, Medco Power
utilizes 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. By performing HIRADC, it may
minimize the occurrence of work accidents.
This is evidenced by the absence of high
consequence injury throughout 2023 at Medco
Power. There were several first aid cases, with
the main causes being the use of hand tools,
slip, trip, and fall (STF) where this potential
hazard has been classified into Life Saving
Rules (LSR) related to line of fire, lifting, and
working at height.
Medco Power encourages all leaders to make
sure that everyone in their organization 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, installing hazard or safety sign in
strategic areas, providing procedures and
working instructions for safe work methods,
providing proper personal protective
equipment for all workers, and conducting
mandatory HSE training for workers.
83. Any actions taken or underway to eliminate other Oil & Gas MedcoEnergi eliminates and minimizes risks by
work-related hazards and minimize risks using the (Indonesia, continually improving the hazard observation
hierarchy of controls (GRI 403-9) Oman and program through Safety Card and Life Saving
Thailand) Rules (LSR) Field Verification, 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,
performing safety culture assessment in
Corridor Asset, conducting Audit SIAP
SELAMAT in Onshore Rimau, Offshore Block B
and Corridor Asset, engaging contractor
through Contractor HSE Forum and Contractor
Safety Ambassador, sharing lessons learned
from incidents and investigation results,
conducting leadership site visits, performing
regular emergency drill exercises including for
incidents involving mass casualty, which is
required to prevent any incident to occur.
Page 30
Type of entity
Indicators/disclosures 2023
and location
As part of continual improvement,
MedcoEnergi evaluates HSE Management
System (HSEMS) practices which support the
organization to systematically identify, assess,
control and monitor operational risks to
MedcoEnergi’s business, employees,
contractors, stakeholders and the
environment.
Power Medco Power has integrated the Health,
(Indonesia) Safety, and Environmental Protection aspects
into the HSE Card program, 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 analyzed
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 analyzed 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.
84. Whether the rates have been calculated based on Oil & Gas The rates of fatalities as a result of work-
200,000 or 1,000,000 hours worked (GRI 403-9) (Indonesia, related injuries, high-consequence work-
Oman and related injuries (excluding fatalities) and
Thailand), recordable work-related injuries are calculated
Power based on 1,000,000 hours worked.
(Indonesia)
85. 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)
86. 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-
(GRI 403-9) Thailand) 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)
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 Safety and Health
Administration (OSHA) 29 CFR Part 1904 -
Standard for Reporting and Recording
Occupational Injuries and Illness.
Page 31
Type of entity
Indicators/disclosures 2023
and location
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 2023
and location
87. 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/Soft skills
• Technical
• Operations, and
• HSE
The training programs are primarily designed
for permanent and direct contract employees.
While some specialized 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
program to support permanent employees
pursuing higher education. This program helps
employees financially with obtaining Bachelor’s
and Master’s degrees. This program is
applicable for all permanent employees with
minimum 3 (three) years of services in
MedcoEnergi and with ‘Good’ performance
rating for the last three years.
88. 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) program details are aligned with the applicable
Collective Labour Agreement (CLA), which
typically allows employees aged 51 and over to
begin participating.
Page 32
Type of entity
Indicators/disclosures 2023
and location
89. Percentage of total i.Gender Female Oil & Gas 96.72%
employees by Male (Indonesia) 98.27%
gender and by ii.Employee SVP & VP Oil & Gas 78.95%
employee category category Superintendent (Indonesia) 99.48%
who received a & supervisor
regular performance Senior manager 96.92%
and career Manager 96.65%
development review Staff 97.87%
during the reporting
period (GRI 404-3)
GRI 405 – Diversity and Equal Opportunity
Type of entity
Indicators/disclosures 2023
and location
90. 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
(GRI 405-1) 30-50 years old 15.38%
Over 50 years 84.62%
old
iii. Other indicators of diversity Corporate Not available
where relevant (such as
minority or vulnerable groups).
91. Percentage of i. Gender Female Oil & Gas 19.37%
employees per (Indonesia,
employee category Oman, Thailand
in each of the and Singapore)
following diversity Male 80.63%
categories (GRI 405- Female Power 12.65%
1) Male (Indonesia) 87.35%
ii. Age Under 30 years Oil & Gas 4.66%
group old (Indonesia,
Oman,
30-50 years old Thailand and 71.20%
Singapore)
Over 50 years 24.14%
old
Under 30 years Power 24.31%
old (Indonesia)
30-50 years old 65.48%
Over 50 years 10.21%
old
iii. Other indicators of Oil & Gas Not available
diversity where relevant (such (Indonesia,
as minority or vulnerable Oman,
groups). Thailand and
Singapore),
Power
(Indonesia)
GRI 410 – Security Practices
Type of entity
Indicators/disclosures 2023
and location
92. Percentage of security personnel who have received Oil & Gas 99.93%
formal training in the organization’s human rights (Indonesia)
policies or specific procedures and their application to Power 100%
security (GRI 410-1) (Indonesia)
93. 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)
Page 33
GRI 413 – Local Communities
Type of entity
Indicators/disclosures 2023
and location
94. 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; (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)
GRI 415 – Public Policy
Type of entity
Indicators/disclosures 2023
and location
95. 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)
96. 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)
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.22 ×2
unresolved
org
Ministry of Energy
p.22
unresolved
org
Directorate General of Electricity
p.22
unresolved
org
Minister of Environment
p.24
unresolved
org
Minister of Environment and Forestry
p.24
unresolved
org
Dana Pensiun Lembaga Keuangan
p.26 ×2
unresolved
org
Medco Power
(Indonesia
p.26
unresolved
org
Minister of Manpower Regulation
p.31
unresolved
org
Ministry of Manpower and Transmigration Regulation
p.31
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