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Pertamina

PT Pertamina Persero is a state-owned integrated oil and gas company headquartered in Indonesia. In 2019, it had USD 54.58 billion in revenue and a reported 13,526 employees*. Pertamina’s existing business model continues to be heavily dependent on fossil fuels. Though the company has initiated a low-carbon transition plan, it lacks the ambition required to deliver substantial emissions reductions.

Ranking position
#49/100
Total score
5.2/100
Performance score
2.2/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

1.7 /100 #37

Material Investment

12.7 /100 #21

Intangible Investment

0.0 /100 #20

Sold products

0.8 /100 #47

Management

31.7 /100 #47

Supplier Engagement

0.0 /100 #57

Client Engagement

0.0 /100 #53

Policy Engagement

60.0 /100 #3

Business Model

25.0 /100 #10

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Pertamina receives a trend score of -. If the company were reassessed in the near future its score would likely decrease. The company’s locked-in scope 3 emissions from existing and approved oil and gas fields are projected to be just within its 1.5°C carbon budget. However, the company is at risk of overshooting its carbon budget if it continues to explore and develop new reserves.
Furthermore, Pertamina is estimated to only achieve a negligible decline in its scope 1, 2 and 3 emissions intensity, in contrast to the annual decline of around 3.8% required by its 1.5°C pathway. The company’s unambitious scope 1 and 2 emissions reduction target and its limited CapEx on low-carbon projects is unlikely to drive a rapid low-carbon transition.

Progress towards the Paris Agreement

More about the company

Headquarters
Jakarta, Indonesia
Group revenue
(2019) USD 54.58 billion
Ownership structure
State owned
Number of employees
33,000
Scope of activity
Integrated
Website
https://www.pertamina.com/en/home