Pertamina Hulu Energi Receives BBB Rating from International Rating Institute
PHE, part of Pertamina’s Upstream Subholding, recently achieved a BBB rating for its dedication to implementing Environmental, Social, and Governance (ESG) principles in its operations. The rating, given by MSCI ESG Research UK Limited, serves as a recognition of PHE’s efforts in managing environmental and social aspects within its operations.
Arya Dwi Paramita, the Corporate Secretary of PHE, expressed gratitude to all stakeholders for their support. The rating, received on December 19, 2024, resulted from a thorough assessment of various ESG aspects of the company. MSCI ESG Research UK Limited evaluated data provided by PHE, along with information from other sources and company characteristics.
ESG ratings are categorized into Leader, Average, and Laggard, based on how well a company manages ESG risks and business risks. PHE’s achievement in the Average category reflects its track record in balancing ESG risks and opportunities.
Oil and gas exploration and production entail high risks, making effective ESG management crucial. PHE aims to leverage its HSSE (Health, Safety, Security, and Environment) function to support its ESG goals and enhance long-term sustainability.
This recognition serves as motivation for PHE to continue improving its sustainable practices through innovative initiatives. The commitment to ESG principles highlights PHE’s dedication to responsible corporate citizenship in its operational activities.
