FFB Energy Continues To Strive To Expand Its Wings To Sustainable Business

Photo Of Aris Nurjani/VOI

JAKARTA - Coal issuer PT TBS Energi Utama Tbk. (TOBA) is increasingly trying to diversify its business from the coal business to the green business. This is done by carrying out various acquisition actions of sustainable companies.

Director of FFB Juli Oktarina said the company is developing a new business pillar that focuses on sustainable waste management at the regional level, showing strong innovation and commitment in creating positive impacts on the environment and society.

"The company is not only focused on the energy business, but we are also committed to developing environmentally friendly, socially responsible, and sustainably across sectors," Juli said in a Public Expose presentation, Thursday, November 7.

On the other hand, the company, through its subsidiary PT Solusi Bersih TBS (SBT), which is a sub-holding of the waste processing business, has successfully acquired the Environmental DIRECTION, one of the main players in the medical waste treatment sector, B3 waste, domestic waste, and electronic waste.

Juli said that this strategic step follows the previous acquisition of Singapore-based Asia Medical Environmental Services (AMES) in August 2023.

Meanwhile, PT SBT has a vision to develop into a leader in the integrated waste processing industry on a regional scale, particularly in Southeast Asia, marking the big step in the Company's expansion and influence in the environmental sector.

SVP Corporate Strategy & Investor Relations TBS Nafi Sentua said PT SBT will focus on processing four types of waste, which includes medical waste, B3 waste, domestic waste, as well as electronic and battery waste.

Nefi said that on the way to achieving the commitment of the Towards a Better Society 2030 (FFB2030), the Company has made a number of important achievements in the first year.

According to Nefi, this achievement includes an initial evaluation of biodiversity and the decarbonization process in power generation business units, comprehensive social mapping in all mining and electricity business units, strengthening commitments to inclusiveness, diversity, and gender equality.

Furthermore, Nefi said, the establishment of the ESG Committee (Environmental, Social, and Governance) marks strategic steps in the integration of ESG practices and investments in climate change prevention initiatives to demonstrate the Company's commitment to global environmental issues.

In addition, the training program on Sustainable Business Practices held for the Senior Management team reflects the Company's commitment to ensuring responsible and sustainable business practices at all levels of organization.

Through Towards a Better Society 2030 (FFB2030), we are not only committed to business growth, but also to create positive impacts through sustainable and inclusive business practices. said Nafi.

In addition, the results of the EGMS this time also conveyed information on changes to the Company's leadership structure.

Sudarmono Saragih has been appointed to replace the position of one of the previous Directors, while Mufti Utomo has joined as a new Board of Directors.

With this addition, the total number of members of the Company's Board of Directors has now become six people, signaling a new phase in the company's leadership and strategy.