Charting a Profitable Path to a Sustainable Future
TBS Climate Transition Plan
At PT TBS Energi Utama Tbk, sustainability is not a parallel narrative, it is our business strategy
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.
🎥 Watch the Climate Transition Plan Video
Discover how TBS is translating its climate commitments into real-world impact.
About the Climate Transition Plan
The TBS Climate Transition Plan is a blueprint for transformation.
It demonstrates how TBS is reshaping its business responsibly from a coal-based foundation toward a diversified portfolio in waste management, renewable energy, and electric mobility, while ensuring long-term value creation for stakeholders.
Our approach aligns with Indonesia’s Net Zero 2060 target and our own ambition to reach carbon neutrality by 2030. The Plan reflects our belief that credible transition is not just about environmental responsibility, but also about disciplined execution, sound governance, and financial resilience.
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.
Our Transition Pathway
Phased divestment and closure of coal assets by 2027.
Financing the Transition
A credible plan requires credible financing. TBS is mobilizing up to US$600 million in capital for low-carbon businesses by 2030, supported by sustainable finance mechanisms and partnerships with institutions such as DBS Bank.
This collaboration ensures that our plan meets investor-grade expectations, enabling stakeholders to measure, evaluate, and even challenge our progress.
Governance and Transparency
Our transition is anchored in strong governance and transparent disclosure:
- Oversight by the ESG Committee under the Board of Directors.
- Integration of climate risk into enterprise risk management.
- Third-party assurance on Scope 1 and 2 emissions data.
- Alignment with OJK regulations and ISO 14064 standards.
