Part |
Item |
Company Practice in 2023 |
Source Information |
B.1 |
Sustainability-related disclosure should be consistent, comparable and reliable, and include retrospective and forward-looking material information that a reasonable investor would consider important in making an investment or voting decision |
|
Material Sustainability-related information should be specified |
B.1.1 |
Does the company identify/report ESG topics that are material to the organization’s strategy? |
PTBA identifies ESG topics that are material to the organization’s strategy.
The list of material topics for the Company’s 2023 Sustainability Report amounts to 27 topics, in full as follows:
1. Biodiversity and Conservation
2. Water and Air
3. Decarbonization
4. Responsible Production Activities
5. Operation Excellence:
6. Automation, Digitization, and Research
7. Quality and Responsible Products:
8. Customer Satisfaction
9. Management of Supply and Contractors
10. Occupational Health and Safety (OHS)
11. Recruitment, Inclusion, and Diversity
12. Training and Development
13. Labor Rights (Non-discrimination and Equal Opportunity)
14. Community Development Program
15. Human Rights
16. Relations with Stakeholders
17. Economic Impact
18. Financial Performance & Business Expansion
19. Financial Performance & Business Expansion
20. Leadership and Decision Making
21. Transparency and Accountability
22. Business Ethics & Compliance
23. Risk management
Climate change triggered by global warming poses a challenge to all business sectors and industries. The coal mining sector is also affected by the impacts of climate change. One of the impacts of climate change is its influence on rainfall levels.The high rainfall in Indonesia recently has become one of the factors hindering the mining process, especially coal mining conducted by PTBA, particularly during the rainy seasons.
The information is stated in:
Sustainability Report 2023
|
1. Sustainability Report (Page 97)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
2. Sustainability Report (Page 164)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
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B.1.2 |
Does the company identify climate change as an issue? |
PTBA identifies climate change as an issue.
PTBA's operations in the coal mining sector have positive and negative impacts on the environment and social for the surrounding communities around the company. To determine these impacts, PTBA has implemented mapping and assessment of possible impacts, including mitigation steps.The mapping was conducted by PTBA involving internal and external stakeholders, especially communities in the Company’s Ring I area.
The information is stated in:
Sustainability Report 2023
|
Sustainability Report (Page 257-258)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
|
B.1.3 |
Does the company adopt an internationally recognized reporting framework or standard for sustainability (i.e. GRI, Integrated Reporting, SASB, IFRS Sustainability Disclosure Standards)? |
PTBA adopts internationally recognized reporting frameworks or standards for sustainability such as GRI, SASB, and TCFD.
The value of stakeholder expectations is assessed from the number of national and international standards that examine every issue that arises, including POJK 51/2017 on the Implementation of Sustainable Finance for Financial Services Institutions, Issuers and Public Companies, Global Reporting Initiatives (GRI), International Council on Mining & Metal (ICMM) Performance Expectations, ISO 26000 Social Responsibility Guidelines, Sustainable Accounting Standard Board (SASB) Metrics for Mining & Metals, and Task-Force on Climate Related Financial Disclosures (TCFD).
The information is stated in:
Sustainability Report 2023
|
Sustainability Report 2023 (Page 95-96)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
|
|
If a company publicly sets a sustainability-related goal or target, the disclosure framework should provide that reliable metrics are regularly disclosed in an easily accessible form |
B.1.4 |
Does the company disclose quantitative sustainability target? |
PTBA discloses quantitative sustainability target on the environmental aspect.
As regards the government's commitment, the Board of Commissioners appreciates PTBA's earnestness in supporting the government's efforts to realize the NDC target. Moreover, apart from moving and acting alone, PTBA also opens up opportunities to synergize and establish strategic partnerships with various parties. With these numerous efforts, PTBA will be able to make a maximum contribution to the acceleration of Net Zero Emission (NZE) achievement by 2060 or sooner, in energy transition acceleration as targeted by Indonesian Government. PTBA's implementation and support towards achieving the NDC and NZE targets, are the Company's real effort to realize its vision to become a world- class energy company that cares about the environment.
The information is stated in:
Sustainability Report 2023
|
Sustainability Report (Page 74)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
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B.1.5 |
Does the company disclose sustainability-related performance progress in relation to its previously set targets? |
PTBA discloses sustainability-related performance progress.
Due to various efforts, PTBA recorded a total emission reduction of up to 16.29% from Business As Usual (BAU) in 2023.
The information is stated in:
Sustainability Report 2023
|
Sustainability Report (Page 164)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
|
B.1.6 |
Does the company confirm that its Sustainability Report / Reporting is reviewed and /or approved by the Board or Board Committee? |
PTBA reveals that the 2023 Sustainability Report has been approved by the Board of Directors and Board of Commissioners.
This report has been reviewed and authorized by management; therefore, the management is fully liable for the information in this report.
The information is stated in:
Sustainability Report 2023
|
Sustainability Report (Page 21)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
|
B.2 |
Corporate governance frameworks should allow for dialogue between a company, its shareholders and stakeholders to exchange views on sustainability matters |
B.2.1 |
Does the company engage internal stakeholders to exchange views and gather feedback on sustainability matters that are material to the business of the company? |
PTBA engages internal stakeholders to exchange views and gather feedback on sustainability matters that are material to the business of the company.
PTBA’s success in running a business is a reflection of the Company’s success in fulfilling its responsibilities and involving stakeholders, both internal and external, including customer, government policy maker and supplier.
A complete description of stakeholder involvement is presented in the table and can be found in Sustainability Report 2023 page 274.
The information is stated in:
Sustainability Report 2023
|
Sustainability Report (Page 273-275)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
|
B.2.2 |
Does the company engage external stakeholders to exchange views and gather feedback on sustainability matters that are material to the business of the company? |
PTBA engages external stakeholders to exchange views and gather feedback on sustainability matters that are material to the business of the company.
PTBA’s success in running a business is a reflection of the Company’s success in fulfilling its responsibilities and involving stakeholders, both internal and external, including customer, government policy maker and supplier.
A complete description of stakeholder involvement is presented in the table and can be found in Sustainability Report 2023 page 274.
The information is stated in:
Sustainability Report 2023
|
Sustainability Report (Page 273-275)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
|
B.3 |
The corporate governance framework should ensure that boards adequately consider material sustainability risks and opportunities when fulfilling their key functions in reviewing, monitoring and guiding governance practices, disclosure, strategy, risk management and internal control systems, including with respect to climate-related physical and transition risks |
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Boards should assess whether the company’s capital structure is compatible with its strategic goals and its associated risk appetite to ensure it is resilient to different scenarios |
B.3.1 |
Does the company disclose that the board reviews on an annual basis that the company's capital and debt structure is compatible with its strategic goals and its associated risk appetite? |
PTBA discloses that the capital and debt structure is compatible with its strategic goals and its associated risk appetite.
Management policy on capital structure is applied to protect the Company’s ability to maintain business continuity, so as to provide returns and benefits for shareholders and other stakeholders. In addition, the Company also maintains an optimal capital structure to reduce capital costs.
The Company and its business groups always monitor capital based on the debt to capital ratio. This ratio is calculated by dividing total debt by total capital. While debt is the total liability in the consolidated statement of financial position, capital consists of all equity components as amounted to in the consolidated financial position. The Company determines an optimal capital structure policy in order to maximize the value of the Company.
The Board of Commissioners, assisted by the Audit Committee and Risk Monitoring Committee, must provide opinions and approval for the Company Work Plan and Budget (WP&B) and other work plans prepared by the Board of Directors
The information is stated in:
Annual Report 2023
|
1. Annual Report 2023, page 230
https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
2. Annual Report 2023, page 230
https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
3. Annual Report 2023, page 319
https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
|
B.4 |
The corporate governance framework should recognise the rights of stakeholders established by law or through mutual agreements and encourage active co-operation between corporations and stakeholders in creating wealth, jobs, and the sustainability of financially sound enterprises. |
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Does the company disclose a policy and practices that address : |
B.4.1 |
The existence and scope of the company's efforts to address customers' welfare? |
PTBA discloses a policy and practices in regards to the existence and scope of company's efforts that address customers' welfare.
To find out and measure customer satisfaction, as well as obtain opinions and feedback, the Company has a Customer Satisfaction Procedure and conducts regular Customer Satisfaction Survey.
PTBA upholds ethical relationships with stakeholders, especially customers, by ensuring the quality of products and services according to agreed contracts. Apart from that, the Company also provides and manages communication media with potential customers and customers in the form of telephone, fax, short message service (SMS), website, and others, making it easier for customers to submit complaints and input so that PTBA can follow up immediately according to applicable standard operational procedures.
The information is stated in:
Sustainability Report 2023
|
Sustainability Report (Page 199)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240426140418-2024-04-26ptba_laporan_berkelanjutan140404.pdf
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B.4.2 |
Supplier/contractor selection procedures? |
PTBA discloses a policy and practices in regards to supplier/contractor selection procedure.
The Supplier is a strategic partner for PTBA in carrying out its business. To obtain quality and reliable suppliers, both for goods and services, the Company sets strict requirements and selections, including environmental criteria, such as impacts related to water management, energy, emissions, environmental compliance, and so on. The selection needs to be carried out so that the Company can prevent and mitigate negative environmental impacts in the supply chain. This policy is adopted because PTBA potentially involves environmental impacts, either through company activities or as a result of business relationships with suppliers.
The information is stated in:
Sustainability Report 2023
|
Sustainability Report (Page 179-180)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240426140418-2024-04-26ptba_laporan_berkelanjutan140404.pdf
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B.4.3 |
The company's efforts to ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development? |
PTBA discloses a policy and practices in regards to the company's efforts to ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development.
In line with its commitment to environmental aspects, PTBA has also encouraged a rating of the company's emissions (carbon) disclosure policy. In 2023, the Company has been assessed by the Carbon Disclosure Project (CDP), which is an independent international non-profit organization that plays a role in Carbon Disclosure. Based on the assessment from the CDP, the company received a “B” rating, an increase compared to previous year's achievements with an average "C" rating, the highest achievement of similar industries in its class. Apart from that, the Company also received the 11th Gold of PROPER for environmental performance in 2023 which was submitted on December 21, 2023 by the Minister of Environment and Forestry.
The information is stated in:
Sustainability Report 2023
|
Sustainability Report (Page 330)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
|
B.4.4 |
The company's efforts to interact with the communities in which they operate? |
PTBA discloses a policy and practices in regards to the company's efforts to interact with the communities in which they operate.
PTBA has a Social and Environmental Responsibility (CSR) Policy/ Development and Empowerment Community (PPM), which contains a commitment to encourage community development through the implementation of a Social and Environmental Responsibility Program (CSR) or Corporate Social Responsibility (CSR) as a fulfillment of responsibility to the community, as well as an effort to maximize the positive impact of the Company’s existence and operations.
PTBA is committed to ensuring that its business operations have the greatest positive impact on the society, while minimizing any negative impacts that may arise.
The information is stated in:
Sustainability Report 2023
|
1. Sustainability Report (Page 256 and 258)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
For Detail CSR PRogram, refer to sheet "CSR Program"
2. Company Website
https://www.ptba.co.id/esg/kinerja-sosial/komunitas-lokal
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B.4.5 |
The company's anti-corruption programmes and procedures? |
PTBA discloses a policy and practices in regards to the company's anti-corruption programmes and procedures.
The Company implements its commitment to anti-corruption regulations by not giving or receiving gifts and gratuities that are expected to affect independence in PTBA's decision making process, as well as being contrary to the sound code of conducts and/or contrary to applicable law. This commitment is strengthened in several policies that apply at PTBA such as the Joint Decree of the Board of Commissioners and Board of Directors of PTBA No: 10/SK/PTBA-DEKOM/IX/2020 and Number: 400/0100/2020 concerning the Implementation of Good Corporate Governance Principles and Practices for Anti-Gratification at PT Bukit Asam Tbk and Gratification Control Guidelines No. BAMSM:UPG:01. Pursuant with this, since 2020, PTBA has adopted ISO 37001:2016 Anti-Bribery Management System (SMAP) certification. Even for SMAP itself, PTBA has its own guidelines which are contained in the Guidelines of Anti-Bribery System of Bukit Asam No. BASMAP.01.
Apart from socializing anti-corruption policies and procedures, PTBA also provides opportunities for the Board of Commissioners, Board of Directors and employees to take part in anti-corruption training. The anti-corruption training attended by the Board of Commissioners, Board of Directors and employees during the reporting year can be found in Sustainability Report, page 360.
The information is stated in:
Sustainability Report 2023
|
1. Sustainability Report (Page 359)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
2. Sustainability Report (Page 360)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
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B.4.6 |
How creditors' rights are safeguarded? |
PTBA discloses a policy and practices in regards how creditors' rights are safeguarded.
The Company is committed to fulfilling creditors’ rights by making loan principal and interest payments on time. For this reason, the Company manages liquidity and monitors the due date for principal and interest payments on loans.
The information is stated in:
Annual Report 2023
|
Annual Report (Page 225)
https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
|
B.4.7 |
Does the company have a separate report/section that discusses its efforts on environment/economy and social issues? |
PTBA has a separate report/section that discusses its efforts on environment/economy and social issues.
The information is stated in:
1. Sustainability Report 2023
2. Social and Environmental Responsibility Report
3. Annual Report 2023
|
1. Sustainability Report: Chapter 6 "Environment & Climate Change"; Chapter 9 "Society" and Chapter 10 "Economic Development"
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240416183359-2024-04-16ptba_laporan_berkelanjutan183203.pdf
2. Social and Environmental Responsibility Report Page 54 "Implementation of Environmental and Social Responsibility Activities in PTBA"
https://www.ptba.co.id/uploads/ptba_laporan_pkbl/20240416183352-2024-04-16ptba_laporan_pkbl183351.pdf
3. Annual Report Page 550 "Corporate Social Responsibility" https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
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B.5 |
Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights. |
B.5.1 |
Does the company provide contact details via the company's website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights? |
PTBA provides contact details via the company's website which stakeholders can use to voice their concerns and/or complaints for possible violation of their rights.
E -mail: [email protected]
Telepon: +62 21 527 4635
The information is published in:
1. Company's website -
https://www.ptba.co.id/tata-kelola/mekanisme-pengaduan
2. Annual Report 2023
|
1. Company website
https://www.ptba.co.id/tata-kelola/mekanisme-pengaduan
2. Annual Report (Page 68)
https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
|
B.6 |
Mechanisms for employee participation should be permitted to develop. |
B.6.1 |
Does the company explicitly disclose the policies and practices on health, safety and welfare for its employees? |
PTBA explicitly discloses the policies and practices on health, safety and welfare for its employees.
PTBA has a committed safety system policy that contains guidelines for communication with external stakeholders. Through these policies and guidelines, PTBA has succeeded in achieving zero fatality and maximizing OHS handling. Since July 2010, PTBA has integrated all operational systems related to OHS management aspects into the Bukit Asam Management System (BAMS). In addition, OHS in PTBA refers to the following provisions including (i) Mining Safety Management System (SMKP), (ii) OHS Management System (SMK3) which has been accredited by an independent body based on Government Regulation of the Republic of Indonesia No. 50 of 2012 concerning the Implementation of SMK3, and (iii) ISO 45001:2018 as contained in the ISO 45001:2018 OHS Management System certification with a validity period until 2024 which is the 3rd certification obtained by PTBA.
The information is stated in:
Sustainability Report 2023
|
1. Sustainability Report (Page 212)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240426140418-2024-04-26ptba_laporan_berkelanjutan140404.pdf
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B.6.2 |
Does the company explicitly disclose the policies and practices on training and development programmes for its employees? |
PTBA explicitly discloses the policies and practices on training and development programmes for its employees.
PTBA regularly organizes education and training programs for Human capital (HC) to increase their capacity and competence. The program is open to all employees regardless of gender, race, religion and others. In organizing education and training programs, PTBA refers to the Annual Training Plan which is prepared based on the Training Need Analysis (TNA) to meet the needs and demands of the profession/certification.
During the reporting year, PTBA held education and training as many as 396 development program which were participated in by all of the employees. The program is organized internally and externally, namely by sending employee delegations or establishing cooperation in providing education and training with third parties.
PTBA also provides the table of Education and Training and Average Employee Training Hours for 2023.
The information is stated in:
Sustainability Report 2023
|
1. Sustainability Report (Page 242)
https://www.ptba.co.id/uploads/ptba_laporan_berkelanjutan/20240426140418-2024-04-26ptba_laporan_berkelanjutan140404.pdf
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B.6.3 |
Does the company have a reward/compensation policy that accounts for the performance of the company beyond short-term financial measures? |
PTBA has a reward/compensation policy that accounts for the performance of the company beyond short-term financial measures.
The Company realizes that employee training is important to fulfill technical and regulatory requirements. One of them is the Professional and Certification Program, which is the Company’s long-term investment in improving employee’s performances in the future. This program has been tailored to the annual Training Plan which is created based on each employee’s Individual Development Plan.
The Company invests to human capital by granted scholarship for the employees, this aims to enrich the quality of PTBA’s human capital. The employees who got scholarship from the company and have graduated are required to work at the Company in accordance with the duration mentioned in the contract.
The information is stated in:
Annual Report 2023
|
1. Annual Report (Page 121)
https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
2. Annual Report (Page 515)
https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
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B.7 |
Stakeholders including individual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this. |
B.7.1 |
Does the company have a whistle blowing policy which includes procedures for complaints by employees and other stakeholders concerning alleged illegal and unethical behaviour and provide contact details via the company's website or annual report |
PTBA has a whistle blowing policy which includes procedures for complaints by employees and other stakeholders concerning alleged illegal and unethical behaviour and provide contact details via the company's website and annual report.
The Company determines WBS through Joint Decree of the Board of Commissioners and Directors No. 06/DEKOM/ VIII/2020 and No. 395/0100/2020 dated August 31, 2020, concerning Ratification of the Violation Reporting System Guidelines.
Violation reports can be submitted to the Company through the channel provided, namely:
Website : http://www.ptba.co.id
Email : [email protected]
Telephone : +62 21 527 4635
The mechanism for violation reports submissions is as follows:
1. The reporter submits a written or oral report (as initial information).
2. Written reports can be submitted via electronic mail (e-mail) and oral reports can be submitted via telephone.
3. The reporter provides information regarding personal data. Anonymous reporting will not be followed up.
4. The reporter must provide initial indications that can be accounted for, including the problem being reported, the parties involved, the location of the incident, the time of the incident, the brief story, whether there is evidence, whether this case has ever been reported to other institutions/parties, and whether this case has ever been reported. or happened before.
The information is stated in:
1. Company's website -
https://www.ptba.co.id/
2. Annual Report 2023
|
1. Annual Report (Page 529)
https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
2. Annual Report (Page 530)
https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
3. Company website
https://www.ptba.co.id/tata-kelola/sistem-pelaporan-pelanggaran
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B.7.2 |
Does the company have a policy or procedures to protect an employee/person who reveals alleged illegal/unethical behaviour from retaliation? |
PTBA discloses the policy to protect the confidentiality and/or privacy of employee/person who reveals alleged illegal/unethical behavior from retaliation.
The mechanism for submitting complaints and handling complaints is implemented in accordance with the Joint Decree of the Board of Commissioners and Directors of PT Bukit Asam Tbk No.06/DEKOM/VIII/2020 and No. 395/0100/2020 concerning Guidelines for the Violation Reporting System (Whistleblowing System) of PT Bukit Asam Tbk. The Guidelines for Reporting Violations regulate the main issues regarding the reporting mechanism, including:
1. Information and methods for reporting violations via WBS;
2. Reporting Management;
3. Whistleblower Protection;
4. Follow up on the Report including the sanctions rules applied.
In managing Violation Complaint Reports submitted to the Company, PTBA provides protection for whistleblowers, in the form of:
1. Confidentiality of the whistleblower identity (name, address, telephone number, facsimile, email, work unit);
2. Protection against countermeasures from the reported party or institution;
3. Protection from pressure, postponement of promotion/ position, dismissal, lawsuits, property, to physical actions;
4. The protection does not only apply to the whistleblower but can be extended to the whistleblower family member.
The information is stated in:
Annual Report 2023
|
1. Annual Report (Page 530)
https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
2. Annual Report (Page 532)
https://www.ptba.co.id/uploads/ptba_laporan_tahunan/20240416183127-2024-04-16ptba_laporan_tahunan183105.pdf
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