Since 2020, TBS has prepared its sustainability reports in accordance with requirements set forth by the Financial Services Authority (OJK) of Indonesia. The preparation of this Report follows guidance from the Financial Services Authority Regulation No. 51/POJK.03/2017 on the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies with reference to the 2022 Financial Services Authority (SEOJK) Circular Number 16/SEOJK.04/2021. Our sustainability reports are also prepared with reference to Global Reporting Initiative (GRI) Standards 2021 and in alignment with Task Force on Climate-related Financial Disclosure (TCFD) recommendations.
Moreover, our 2023 report is informed by early adoption of the GRI 12: Coal Sector 2022 and International Financial Reporting Standard (IFRS) S2 Climate-related Disclosures issued by the International Sustainability Standards Board (ISSB), marking the culmination of the TCFD work
