Jakarta, May 28, 2026 — PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) has once again achieved success in implementing good corporate governance. At the 2026 Indonesia Regulatory Compliance Awards (IRCA) held by Hukumonline in Jakarta on Friday (May 22, 2026), PGE won the "Sapphire" award, the highest level of recognition in the competition. This achievement further underscores PGE's commitment to building a culture of compliance and governance for green energy development in Indonesia.
This award marks the third time PGE has received recognition from the same event. In previous years, PGE received the "Diamond" designation.
IRCA is one of the leading platforms in Indonesia that recognizes leaders, teams, and cross-functional divisions committed to building a strong culture of compliance within their organizations. More than 130 leading Indonesian companies from various business sectors participated in the awards, and were judged by an independent panel of judges consisting of leading legal experts and practitioners in Indonesia.
This achievement reflects PGE's dedication and ongoing efforts to ensure that every aspect of the company's operations is carried out with responsible governance. Through initiative and hard work, PGE has succeeded in building a work environment that prioritizes compliance as a core foundation.
PGE President Director Ahmad Yani emphasized that the implementation of GCG is an integral part of the Company's long-term growth strategy.
"As a leading geothermal company in Indonesia with over 40 years of experience, we understand that public trust is built not only through operational performance but also through uncompromising integrity. In every step we take, we are committed to continuously upholding good corporate governance as an integral part of the company, and this award confirms that we are on the right path," said Ahmad Yani.
PGE Legal & Compliance Manager Adityo Haryoseto stated in his acceptance speech, "This is the third award we have received from the same event and reflects our continued consistency. As part of the Pertamina Group, which operates in the green energy sector, PGE conducts all business activities based on regulatory compliance and unwavering integrity. This award reinforces our determination to continuously improve GCG standards to create healthy, professional, and sustainable business practices."
Going forward, PGE will continue to strengthen its commitment to business integrity and legal compliance at every stage of its business development. This achievement provides the Company with strong support to realize its vision as a World Leading Geothermal Producer.
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About PT Pertamina Geothermal Energy Tbk
PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) is part of the Power & New Renewable Energy (PNRE) Subholding of PT Pertamina (Persero), which engages in geothermal exploration, exploitation, and production. PGE currently manages 15 Geothermal Working Areas with an installed capacity of 1,932 MW, divided into 727 MW operated and managed directly by PGE and 1,205 MW managed under a Joint Operating Contract (JOC) scheme. The installed geothermal capacity in PGE's working areas contributes approximately 70 percent of Indonesia's total installed geothermal capacity, with the potential to reduce CO2 emissions by approximately 10 million tons of CO2 per year.
As a world-class green energy company, PGE aims to create value by maximizing the end-to-end management of geothermal potential and its derivatives and participating in the national and global decarbonization agenda to support Indonesia's net-zero emissions target by 2060. PGE has excellent ESG credentials, with 20 Gold PROPER awards from 2011 to 2026 from the Ministry of Environment/Environmental Control Agency. PGE is also a company with very low ESG risk, ranking it number one out of 679 companies in the Global Utilities Sector in the Sustainalytics ESG Risk Rating.
