Mapping ESG Adoption In Indonesia’s Energy Sector Who’s Leading?

The energy sector in Indonesia is at a crossroads. While many companies are adopting ESG frameworks, only a limited number have fully integrated ESG Roadmaps, Matrices, and Frameworks into their business strategies. A 2023 PwC Indonesia study found that less than 30% of companies report having a clear ESG strategy, even though over 60% claim alignment with established frameworks like GRI, TCFD, and SASB.

Based on the CESGS Intelligence 2023, only 3 out of 85 energy sector companies in Indonesia have implemented an ESG framework, roadmap, and matrix—only about 3.5% of companies are fully equipped. Our data shows that most energy companies listed on the IDX stop at reporting standards, without a clear roadmap or materiality focus.

Insights from leading reports, such as PwC’s 2023 ESG in ASEAN Spotlight and the OJK Sustainable Finance Roadmap, highlight a significant gap between disclosure and action. ESG adoption is often partial and siloed, with companies struggling to turn their frameworks into tangible transformation. While frameworks serve as the first step in ESG implementation, roadmaps are critical for driving measurable change with clear KPIs, timelines, and accountability. As ESG pressure from investors and regulators increases, companies that take action now will lead rather than just adapt.

Ready to move from disclosure to action?  With expertise in ESG Roadmaps, Sustainability Reporting, and Materiality Assessment, it ensures your business not only meets regulatory standards but also thrives in the evolving ESG landscape. Let’s work together to build a sustainable future with CESGS bit.ly/CESGSupport

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