Strengthening Sustainability Commitment, Pertamina Continues Collaboration with USAID SINAR

Jakarta, May 16, 2023 - PT Pertamina (Persero) continuously strive to improve its performance and commitment to sustainability. This commitment was reaffirmed through the "Terms of Reference for Technical Assistance for PT Pertamina (Persero) 2023 as Part of the USAID Sustainable Energy for Indonesia's Advancing Resilience (SINAR) Project" signing at the Pertamina Building, Jakarta, on Tuesday (16/05).

The signing was conducted by the Director of Finance of Pertamina, Emma Sri Martini, and the Chief of Party of USAID SINAR, William R. Meade, witnessed by the Director of Government Support Management and Infrastructure Financing Ministry of Finance, Brahmantio Isdijoso, and the Director of Strategy, Portfolio, and Business Development of Pertamina, Salyadi D Saputra.

This Terms of Reference signing is a follow-up to the Letter of Intent (LOI) for cooperation that was previously signed at the Indo-Pacific Chamber of Commerce and Industry Business Forum (IPCC) event in Tanjung Benoa Hall, BNDCC, Bali, on March 18, 2023.

Emma Sri Martini, the Director of Finance of Pertamina, stated that this collaboration is continues the partnership between Pertamina and USAID, which began in 2022 in the sustainability field. It includes assistance in the Sustainability Taxonomy & Budget Tagging development, further refinement of the ESG Roadmap, and Gender Equality Programs implementation.

"This year, the collaboration continues and expands to other programs, including the Sustainability Budget Tagging program continuation, Capability Building in CCUS/CCS and New and Renewable Energy, Methane Abatement program, a Sustainability Center establishment, and the Gender Equality Program continuation," said Emma.

On the same occasion, Brian Dusza, the Director of the Environment Office of USAID Indonesia, welcomed this collaboration and expressed USAID's strong support for Indonesia's efforts to achieve climate change targets.

"As part of our close partnership, we are pleased to work with Pertamina to accelerate the energy transition in Indonesia," Brian stated.

The USAID SINAR program was first launched in early 2021 and will be implemented until 2026. Through this program, USAID, an agency of the United States government, provides support for the energy transition development in Indonesia to be more sustainable, reliable, and renewable. USAID SINAR will continuously provide assistance in energy transition initiatives formulation and implementation to identify various company activities that can contribute to Pertamina's ESG goals, enabling the Net Zero Emissions achievement by 2060 and the energy transition.

With this collaboration, Pertamina is committed to supporting energy transition acceleration, implementing sustainability programs, achieving net-zero emission targets, and fulfilling the Sustainable Development Goals (SDGs). Collaboration with various parties, including USAID, is essential to overcome challenges in achieving these targets, such as financial challenges, technology availability, and capacity building.

Through these programs’ achievements, Pertamina hopes that ongoing sustainability initiatives can support the Indonesian government's target to achieve Net Zero Emissions by 2060. It is hoped that this positive collaboration can continue in the future to create a sustainable Indonesia and ensure the sustainability of the Earth.**