JAKARTA - Two subsidiaries of coal mining issuers, PT Bukit Asam, PT Huadian Bukit Asam Power (HBAP) and PT Bukit Pembangkitan Innovative (BPI) signed a Memorandum of Understanding (MoU) regarding Priority Commitments in Carbon Trading.
PTBA President Director, Arsal Ismail said, this agreement is a strategic step that reflects PTBA's commitment to supporting the goals of MIND ID and the Ministry of SOEs, as well as advancing synergy within children and affiliates of PTBA companies.
"The signing of this MoU is a tangible manifestation of PTBA's commitment to support sustainable and responsible growth. We believe that through synergy and compliance with carbon trading regulations, PTBA and its lower entities will play an active role in supporting better environmental management," said Arsal, Tuesday, September 17.
Arsal hopes that the synergy between HBAP and BPI can strengthen carbon management in all subsidiaries' business lines and affiliates of PTBA companies.
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He added that this MoU also strengthens the commitment of PTBA and its sub-entials to comply with carbon trade-related regulations that have been in effect in Indonesia. This is a concrete step in supporting government initiatives to reduce carbon emissions, and strengthen carbon management in the business process.
"With this step, PTBA affirms its commitment to supporting the national sustainability agenda while maintaining economic growth in line with ESG (Environmental, Social, and Governance) principles," said Arsal.
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