Our commitment to shaping a cleaner, more resilient future through action, innovation, and accountability
Our Sustainability Journey
Leading Indonesia’s energy transition with purpose and action
At TBS, sustainability is the foundation of our transformation. Through TBS2030, we are reshaping our business with a strong commitment to carbon neutrality, clean energy, and stakeholder trust. Our progress is anchored in governance, innovation, and transparency, ensuring that we create long-term value for society and the environment
Key Overview:
- Carbon neutrality by 2030 through the TBS2030 roadmap
- ESG and climate risk management integrated into strategy
- Growth in renewable energy, EV ecosystem, and waste management
- Annual sustainability reports aligned with global standards
TBS Climate Transition Plan
Charting a Profitable Path to a Sustainable Future
Our Climate Transition Plan (CTP) outlines how we are turning ambition into measurable execution by decarbonizing our portfolio, reallocating capital toward low-carbon growth, and building a future-ready enterprise that is both sustainable and profitable.
Key Highlights:
- ~85% reduction in operational emissions following the divestment of two coal-fired power plants (2024).
- Carbon neutrality target: 2030.
- US$600 million investment plan through 2030 to accelerate low-carbon businesses.
- US$374 million already deployed as of Q1 2025, with nearly all CapEx directed toward non-coal segments.
- Waste management pillar now contributing 39% of consolidated revenue and 88% of adjusted EBITDA.
Explore the full TBS Climate Transition Plan to see more of the impact we created across all three pillars.
2024 Sustainability Highlights
Turning strategy into measurable progress
2024 marked a breakthrough year where we turned commitments into action. From pioneering clean energy to advancing climate finance, our milestones demonstrate resilience and leadership in Indonesia’s energy transition.
Key Highlight:
Thriving Environment
Achieved 100% waste recycling in palm oil plantations, converting biomass into renewable energy
Empowered People
42% women in leadership roles, enhancing inclusivity and empowerment in TBS’s
Trusted Partner
Expanded to 4,161 electric motorbikes supported by 269 battery swap stations
Explore the full 2024 Highlights to see more of the impact we created across all three pillars.
Our Approach to Sustainability
Embedding ESG into every decision we make
At TBS, sustainability is not a standalone function, it is a core part of how we operate, invest, and grow. Our approach ensures that Sustainability principles are embedded across every level of the organization, supported by strong governance, transparent reporting, and alignment with global standards.
By integrating climate considerations, risk management, and stakeholder accountability into our long-term strategy, we build resilience while driving meaningful environmental and social impact.
Key Highlight:
- Robust ESG governance structure, with oversight at Board, ESG Committee, and management levels
- TBS2030 – “Towards a Better Society 2030” as a measurable and transparent roadmap guiding our sustainability commitments
- Climate risk assessment aligned with TCFD and IFRS S2, integrated into enterprise risk management
- Compliance with leading global reporting standards (GRI, SASB, TCFD, IFRS S2, SEOJK 51/2017 & SEOJK 16/2021)
- Structured stakeholder engagement and transparent disclosure, ensuring trust and accountability
TBS2030 Roadmap
Our pathway to carbon neutrality by 2030
TBS2030 is our long-term sustainability roadmap designed to balance growth with climate responsibility. It reflects our ambition to support Indonesia’s energy transition by pivoting toward cleaner, low-carbon, and circular business models.
Anchored on three strategic pillars: Thriving Environment, Empowered People, and Trusted Partner, TBS2030 guides how we decarbonize our portfolio, strengthen community partnerships, and uphold the highest standards of governance.
We are driving transformation towards a better society by 2030 through:
Thriving Environment
Working towards carbon neutrality in 2030 through diversification away from being a fossil fuel-based business, mobilizing climate finance, and reducing our overall environmental impact.
Empowered People
Championing a culture of safety, health, and wellbeing through empowering our people, while ensuring a just transition for the communities where we operate.
Trusted Partner
Engaging with a wide range of stakeholders - from internal employees through to industry associations - to help us realize our sustainability goals.
Sustainability Reports
Transparency and accountability, year after year.
Transparency is the cornerstone of our sustainability strategy. Each year, we publish sustainability reports that provide stakeholders with a clear view of our progress, challenges, and future goals. These reports are aligned with international standards, ensuring credibility and comparability in tracking our ESG commitments and TBS2030 roadmap.
Our sustainability reports
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Explore our full sustainability reports to see our commitment to transparency and accountability
TBS Foundation
Empowering Education, Sustainability & Innovation
TBS Foundation is committed to creating lasting impact by empowering education, driving sustainability, and nurturing innovation. Through targeted programs and strategic partnerships, we equip future leaders, influence policy, and support early-stage solutions that accelerate Indonesia’s transition to a sustainable and circular economy.
Key Highlight:
- Education for Impact: Vocational training, teacher development, and student scholarships
- Sustainability Leadership: Policy reforms, awareness campaigns, and public engagement
- Catalyzing Innovation: Supporting early-stage enterprises in EVs, waste, and renewable energy
