Coal Dynamics in Indonesia

Menarik

Lloyd’s Register Quality Assurance Independent Assurance Statement relating Sustainability Report
GRI’s Standard 2016 and GRI’s Mining and Metal Sector Disclosure

Environmental

• Energy Consumption (GRI 302-1)
• Energy Intensity (GRI 302-3)
• GHG Emissions Scope 1 (GRI 305-1)
• GHG Emissions Scope 2 (GRI 305-2)
• GHG Emissions Intensity (GRI 305-4)
• Work-related injuries to

PT Indo Tambangraya Megah Tbk

Jargon:

• Sustainability is at the heart of Business Continuity
• Sustainability is at the heart of Business Innovation and Continuity

Energy transportation is sea transportation

Maritime transport is the backbone of international trade and the global economy. Over 80% of the volume of international trade in goods is carried by sea, and the percentage is even higher for most developing countries.

70% of crude oil and petroleum products are shipped by pipeline. 23% of oil shipments are on tankers and barges over water (Forbes 2018)

In the United States, 70% of crude oil and petroleum products are shipped by pipeline. (23% are by ship, 4% by truck, and 3% by rail) In Canada for natural gas and petroleum products, 97% are shipped by pipeline

61% of global crude oil and petroleum products transported by sea (US EIA 2015)

Oil tankers made up 36.9% of the world’s fleet in terms of deadweight tonnage (2005). The world’s total oil tankers deadweight tonnage has increased from 326.1 million DWT in 1970 to 960.0 million DWT in 2005. The combined deadweight tonnage of oil tankers and bulk carriers, represents 72.9% of the world’s fleet

Energy products were ~36% of global seaborne trade in 2021, with around 15% of coal, 17% of natural gas and 64% of oil produced globally moved by ship (Clarksons, 2022a)

Interesting. Since maritime transport is significant, where about 80% of goods and trade through sea. Energy itself in general transported through sea: more than 60% of oil, 17% of gas, and 15% coal.

Hydrogen Ladder

Shipping’s Role in the Global Energy Transition (2022)

Jargon: Sustainability Report

Jargon:

• Digital transformation leads to significant impact on ESG (Mandiri, 2022)
• Digital transformation the key to sustainable development (EY, 2022)
• Companies prioritize ESG in their digital transformations (BCG, 2022)
• Digital transformation accelerates sustainable and inclusive development (UNDP, 2022)

Interesting, Pertamina sustainabilit focus (in Governance) is Digital Security

Menarik, ini trend baru ya. Sepertinya akan susah sekali. Tapi nanti kita lihat.

Shipping Lines

SC Majestic LXII: Crude Oil Tanker, Gross Tonnage: 61,724, length overall (LOA) is 244.6 meters and her width is 42.03 meters.

Success Fortune XL: Gross Tonnage: 158,993, valuation $46m, ength overall (LOA) is 332.07 meters and her width is 58.04 meters.

Barakuda Natuna: Crude Oil Tanker, Gross Tonnage: 61,619

SC Gold Ocean: Oil Products Tanker, Gross Tonnage: 25,651. Valuation $17.3m

SC Commander LVII: LPG Tanker, Gross Tonnage: 44,694

SC Discovery XLVI: LPG Tanker

Scale:
Very Large Crude Carrier (VLCC) tankers: 300,000 DWT
Aframax tankers: 100,000 DWT
Very Large Gas Carrier tankers (VLGC): 50,000 DWT
General Purpose (GP) tankers: 10,000 DWT
Small tankers: <10,000 DWT

number of ocean liners (armada angkutan laut nasional) 37,733 (2011) CAGR 12%

ISO 9001:2015 Quality, ISO 14001:2015 EHS, ISO 45001:2018 OHS

Interesting, one of the portrait of shipping industry based on their annual report.

Sustainability Report

SGX Practice Note 7.6 Sustainability Reporting Guide

SGX Practice Note 7.6 Sustainability Reporting Guide

Sustainability reporting framework
4.30 The issuer should select a sustainability reporting framework which is appropriate for and suited to its industry and business model, and explain its choice. In doing so, the issuer should place importance on using a globally-recognised framework for its wider acceptance in an increasingly global marketplace. The issuer can be more easily understood and compared with its peers in Singapore as well as in other jurisdictions across the world. The issuer should exercise considerable caution if it chooses to deviate from generally-accepted frameworks.
4.31 Among the well-known and globally-recognised sustainability reporting frameworks, the Global Reporting Initiative (“GRI”) Sustainability Reporting Guidelines set out generic sustainability factors and general principles and indicators that an issuer can use to report sustainability policies, practices, performance and targets. The International Integrated Reporting Council’s (“IIRC”) Framework (“”) also sets out a general framework for reporting. An issuer using should consider ESG factors when determining their material factors for inclusion in the integrated report. The issuer may also consider referring to the Sustainability Accounting Standards Board’s (“SASB”) standards which adopt an industry-specific approach to material ESG factors. IIRC and SASB have merged to form the Value Reporting Foundation. More than one sustainability reporting framework may be chosen as relevant to the issuer’s business.
4.32 For climate-related disclosures, the issuer should provide such disclosures consistent with the TCFD recommendations. Some issuers have used the Science Based Targets initiative to guide their GHG emissions reduction targets.
4.33 The issuer is expected to follow the chosen framework(s) from year to year and build up its knowledge and understanding of how to report effectively. In turn, it can expect to be building up investors’ and stakeholders’ understanding, leading to increased confidence. In the absence of regulatory changes, only major changes in business strategy and/or model are likely to require change in sustainability reporting framework. This does not preclude examination of framework relevance from time to time.

Circular Economy

A circular economy entails markets that give incentives to reusing products, rather than scrapping them and then extracting new resources. A circular economy (also referred to as circularity or CE) is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products for as long as possible.

Interesting concept on sustainability. A bit outdated 2010s concept.

ESG, SDG, Sustainability

Social agenda ini banyak sekali ya: Health, Education, Food, Water, Energy, Housing, Equality

Sustainability/ESG approach: Quality, Waste, Hazard

Just realized that there are several areas that I did not look into that detail which are: Occupational Health and Safety (OHSA) or some say HSE (Health and Safety). This is different, it is more operation improvement. This also goes the same with Waste Management.

Interesting, this usually combined as 9000 (quality), 14000 (environment) and 18000 (health safety).

The triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and economic. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. Business writer John Elkington claims to have coined the phrase in 1994

I think all this keyword should be part of greater Business Servicess Improvement jargon: IT Governance (Security, Privacy, Risk); ESG (Waste, Social, Governance); Quality Management System (TQM, Six Sigma, Lean).

ESG is expensive: Environment control is expensive

“…cost of pollution-monitoring schemes is relatively high…”

Just start to realize, any modern initiatives is expensive. Renewable energy is expensive, banking is expensive, corporate governance is expensive. The same like diet is expensive. And of course, Sustainability is expensive.

Economic insecurity – such as trouble paying bills or rent – leads to stress, and people often cope by eating high-fat, sugary foods: Why Poverty Leads to Obesity and Life-Long Problems

Obesity and poverty paradox in developed countries:
The reasons for the growing obesity in the population of poor people are: higher unemployment, lower education level, and irregular meals. Another cause of obesity is low physical activity, which among the poor is associated with a lack of money for sports equipment