Frequently Asked Questions

TBS is transitioning from its coal origins in Indonesia to develop sustainable infrastructure across Asia. Today, TBS focuses on three business pillars: waste management, renewable energy, and electric vehicles.

TBS aspires to become a carbon-neutral company by 2030 and one of Asia’s leading sustainable infrastructure business. By 2030, the company aims for most of its earnings to come from its three green pillars: waste management, renewable energy, and electric vehicles.

We transform for good and for growth. Our businesses take on the highest-emitting sectors and offer their clean alternative renewable energy instead of fossil power, electric mobility instead of fuel, managed waste instead of landfill. Our new businesses in sustainable infrastructure also represent a US$1 trillion+ addressable market across Asia Pacific and expanding rapidly as the region accelerates its shift to net zero.

TBS is building three long-term growth platforms in sustainable infrastructure:

• Waste management: Developing an integrated regional waste ecosystem covering collection, recycling, and future waste-to-resource solutions.
• Renewable energy: Expanding clean energy through floating solar, mini-hydro.
• Electric vehicles: Through Electrum, supporting electric two-wheelers and battery-swapping infrastructure across Indonesia.

TBS contributes to the country’s sustainability goals by expanding renewable energy capacity, strengthening modern waste infrastructure, and accelerating the shift to electric mobility. These efforts support national emissions-reduction targets and circular-economy development.

TBS2030 is TBS’s long-term roadmap that guides the company’s transition from coal origins to sustainable infrastructure. It includes clear targets for carbon neutrality, divestment from coal, expansion of waste management, renewable energy, and electric vehicles, and strengthened ESG governance across the group.

Sustainability is embedded across the company through ESG governance, emissions-reduction plans, responsible business practices, and community development frameworks. Each business unit uses sustainability scorecards and KPIs to track progress and alignment with TBS2030.

TBS supports communities through education programs, SME development, and workforce reskilling as part of its Just Transition commitment. The TBS Foundation strengthens these efforts through programs focused on education quality, thought leadership, and impact capital.

TBS is executing structured divestments from coal-based assets, preparing affected workers through reskilling, and reinvesting proceeds into its three green pillars: waste management, renewable energy, and electric vehicles. This ensures a responsible and just transition.

TBS is among the few companies in Asia undertaking a full transformation from coal to sustainable infrastructure sectors with clear targets, defined timelines, and integrated platforms across waste management, renewable energy, and electric vehicles. This makes TBS a distinctive sustainability leader in the region.

TBS was established under the name PT Buana Persada Gemilang based on Deed No. 1 dated August 3, 2007, made before Tintin Surtini, S.H., M.H., M.Kn., as substitute Notary of Surjadi S.H., Notary in Jakarta.

PT Buana Persada Gemilang then changed its name to PT Toba Bara Sejahtra based on Deed No. 173 dated July 22, 2010, made before Jimmy Tanal, S.H., as substitute Notary of Hasbullah Abdul Rasyid, S.H., M.Kn., Notary in South Jakarta.

Based on Deed No. 110 dated August 26, 2020 made before Aulia Taufani S.H., Notary in Jakarta, PT Toba Bara Sejahtra changed its name to PT TBS Energi Utama Tbk.

Reach us at:

PT TBS Energi Utama Tbk Treasury Tower, Level 33 Office District 8, SCBD Lot 28 Jl. Jend Sudirman Kav.52-53 Jakarta 12190. Indonesia

P: +6221 5020 0353
F: +6221 5020 0352
E: corsec@thisistbs.com
E: ir@thisistbs.com
E: corcomm@thisistbs.com