Achieving ESG BBB Score: PIS Leads National Shipping Industry
Jakarta, January 2 – PT Pertamina International Shipping (PIS) has achieved a remarkable feat by securing an ESG (Environmental, Social, Governance) BBB score from MSCI (Morgan Stanley Capital International), a globally recognized international assessment agency.
**ESG Rating and Commitment to Sustainability**
This score is the highest in the national shipping industry sector, demonstrating PIS’s commitment as a logistics and energy transportation company in managing long-term ESG risks. MSCI ESG Ratings are designed to measure a company’s resilience to relevant long-term ESG risks by comparing companies relative to their industry using a scale from AAA to CCC.
**Key Aspects of ESG Assessment**
MSCI focuses on key issues based on a company’s business model, where PIS falls under the category of oil and gas refining, marketing, transportation, and storage. The ESG rating includes three main aspects: Environment, Social, and Governance. Environmental aspects cover biodiversity, land use, carbon emissions, and toxic waste. Social aspects include community relations, health, and safety. Governance includes corporate governance and corporate behavior.
**High Scores and Achievements**
PIS has scored highly in important areas such as community relations, waste management, and toxic emissions. This achievement reflects PIS’s success in balancing business operations with social and environmental responsibilities. Eka Suhendra, Director of Business Planning, stated, “This ESG score is evidence of PIS’s commitment to sustainable business practices.”
**Initiatives and Programs**
PIS has implemented initiatives and outstanding programs in environmental, social, and governance sectors. For the environmental aspect, programs like green shipping, ballast water system, utilization of environmentally friendly fuel, and renewable energy are highlighted for accelerating NZE 2050. In terms of community relations, programs like CSR BerSEAnergi for the Sea empower coastal communities and provide marine literacy for school children. Additionally, conservation efforts for whales and rhinoceroses are carried out in Papua by Pertamina Energy Terminal (PET), a subsidiary of PIS.
**Encouraging Corporate Compliance**
Eka emphasized PIS’s commitment to corporate compliance with regulations, transparency, and anti-corruption practices. As one of the leading shipping companies in Indonesia, PIS is dedicated to strengthening sustainability in all operational aspects.
**Inspiring Positive Impact**
With this achievement, PIS hopes to inspire other industry players to contribute to creating a positive impact on the environment, society, and corporate governance in Indonesia. Eka concluded, “From a governance perspective, PIS also promotes corporate compliance with regulations, transparency, and enforcement of anti-corruption practices.”
In conclusion, PIS’s commitment to ESG principles and sustainable practices sets a benchmark for the national shipping industry, showcasing the potential for business growth while upholding social and environmental responsibilities.
