Annual Report

Overview

The report presents MedcoEnergi's 2023 performance across oil and gas, power, and copper and gold mining, highlighting 160 mboepd production, 4,155 GWh power sales, and the Oman acquisition. It reports a 22% reduction in oil and gas operational carbon emissions from the 2019 base year, with 2025 reduction targets achieved two years early. Sustainability priorities included double materiality, net-zero commitments for Scopes 1-2 by 2050 and Scope 3 by 2060, TCFD-aligned climate reporting, and 96 GRI indicators assured by Ernst & Young. The report also highlights a 2023 workforce of 5,152 employees and continued community, safety, human-rights, and renewable-energy initiatives.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2023
Period: Ends 31 December 2023
Language: English
Pages
File size
Restatement: Disclosed

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Materiality

Assessment
Basis

Assurance

Provider
Scope
Statement included
Metrics assured

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Overview