Jakarta – PT Pertamina Hulu Indonesia (PHI) has officially released its 2024 Sustainability Report, highlighting the Company's significant achievements in implementing Environmental, Social, and Governance (ESG) principles. This report affirms PHI's commitment and outlines concrete steps in implementing sustainability principles in the Company's upstream oil and gas operations and business activities, in line with PHE and PT Pertamina (Persero)'s sustainability policies, which support Indonesia's achievement of net-zero emissions by 2060 or sooner.

PHI's President Director, Sunaryanto, stated that sustainability is a key pillar in addressing industry dynamics and the national energy transition. "We believe that the sustainability of future oil and gas production will be determined by the successful implementation of Environmental, Social, and Governance (ESG) principles in all of the Company's operations and business activities," he said.

He explained that PHI is implementing strategic steps to support environmental sustainability through emission reduction, energy efficiency, waste management, conservation, and the use of new and renewable energy in the Company's operations. "Amidst industry challenges and the dynamics of the energy transition, we remain focused on creating long-term value for all stakeholders," he said. The complete PHI Sustainability Report for 2024 can be accessed through the official website of PT Pertamina Hulu Indonesia.

PHI's commitment to environmental management is reflected in its systematic decarbonization and energy efficiency efforts across all operational areas. Throughout 2024, PHI utilized more than 3.8 gigajoules of renewable energy, which supported the operations of its well facilities and subsidiary offices. Through its flagship Project One Sheet (POS) program, PHI successfully reduced greenhouse gas (GHG) emissions by more than 153,600 tons of CO₂e, or approximately 110 percent above the established target. All PHI operating areas have also adopted environmentally friendly fuels, such as B35 and B40, which contributed 38.19 percent of the Company's total emission reductions throughout last year.

In addition to emission reductions, PHI also places significant emphasis on natural resource conservation and sustainable waste management. The Company's water conservation efforts have resulted in savings of more than 118,600 cubic meters, or approximately 118 megaliters. In waste management, PHI successfully managed over 51,000 tons of waste through a circular economy approach, covering 93.3% of total operational waste generation.

The success of biodiversity management is also demonstrated by the 110 percent completion of its Biodiversity Action Plan (BAP), indicating that PHI has developed a Net Positive Impact roadmap with structured and measurable reporting. The accuracy of GHG emissions reporting reached 108.5 percent, reflecting the Company's commitment to maintaining environmental data transparency.

In the social dimension, PHI actively implements Corporate Social Responsibility (CSR) programs based on social mapping to understand the needs of communities surrounding its operational areas. Throughout 2024, PHI's three principal subsidiaries implemented a total of 74 social programs.

PHI's subsidiaries, PT Pertamina Hulu Mahakam (PHM), implemented 28 programs with approximately 3,500 direct beneficiaries. Meanwhile, PT Pertamina Hulu Sanga Sanga (PHSS) implemented 24 programs reaching approximately 2,800 individuals, and PT Pertamina Hulu Kalimantan Timur (PHKT) implemented 22 programs benefiting approximately 1,400 beneficiaries. The program focuses on education, health, cultural preservation, and local economic empowerment, including the strengthening of the capacity of MSMEs.

In terms of governance, PHI continues to strengthen the principles of Good Corporate Governance (GCG), which serve as the foundation for conducting business in an ethical and transparent manner. The principles of integrity and accountability are consistently implemented across all levels of the organization to ensure responsible and long-term decision-making. In 2024, PHI successfully maintained its SNI ISO 7001:2016 Anti-Bribery Management System (SMAP) certification, affirming the Company's efforts to prevent corruption, bribery, and graft.

Through the publication of this 2024 Sustainability Report, PHI emphasizes that sustainability is not merely a reporting obligation, but rather a key part of its strategic commitment to supporting national energy security while creating a positive impact on the environment and society. The Company will continue to encourage synergy, innovation, and cross-sector collaboration to realize resilient, adaptive, and sustainable upstream oil and gas operations.

PT Pertamina Hulu Indonesia (PHI) is part of Pertamina's Upstream Subholding that manages upstream oil and gas operations and businesses in Regional 3 Kalimantan, which includes Zona 8, Zona 9, and Zona 10 in accordance with Environmental, Social, and Governance (ESG) principles in achieving its vision of becoming a world-class oil and gas company. Through its subsidiaries and affiliates in collaboration with SKK Migas, PHI runs innovative Corporate Social Responsibility Programs in the fields of Economy, Education, Health, Environment, Infrastructure, and Disaster Response to support the achievement of Sustainable Development Goals (SDGs) and realize #EnergiKalimantanUntukIndonesia. PHI is headquartered in Jakarta. Further information about PHI is available at https://phi.pertamina.com.