updated
PT Indo Raya Tenaga, PT PLN Nusantara Power, PT PLN Indonesia Power, PT Pelayaran Bahtera Adhiguna, PT PLN Energi Primer Indonesia, PT Jambi Prima Coal, PT Artha Daya Coalindo, Majapahit Holding BV, Majapahit Finance BV, PT Pembangkitan Jawa Bali Investasi
| Coal Industry Sector: | Power, Services, Mining |
| Coal Share of Revenue: |
48% |
Coal Expansion Plans:
|
Power, Mining |
Listed on the Global Coal Exit List 2023
| Oil and Gas Production in 2022: | No |
| Upstream Expansion:
The upstream expansion figure shows how much oil and gas resources a company is extremely likely to add to its production portfolio in the short term (approx. 1-7 years).
|
No |
| Midstream Expansion:
“Pipeline” means a company is developing ≥100km of oil or gas pipelines. “LNG” means a company is developing LNG terminals with ≥1Mt of annual gas liquefaction capacity.
|
No |
| Gas-fired Power Expansion:
“Yes” for all companies that are developing ≥100 MW of gas-fired power capacity.
|
Yes |
Listed on the Global Oil & Gas Exit List 2023
151 results Total investment of current selection: $ 2,668 M
| # | Name | Name | Name | Type | Country of HQ | Country of HQ | Country of HQ | Sectors | subsidiaries | Shares $M | Bonds $M | Total $M | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | PT PLN (Persero) (Perusahaan Listrik Negara) | California Public Employees' Retirement System (CalPERS) | investment | United States | Indonesia | North America | South-East Asia | $ 241 M | $ 241 M | ||||||
| 2 | PT PLN (Persero) (Perusahaan Listrik Negara) | BlackRock | investment | United States | Indonesia | North America | South-East Asia | $ 207 M | $ 207 M | ||||||
| 3 | PT PLN (Persero) (Perusahaan Listrik Negara) | Allianz (incl. AGI, PIMCO, Allianz SE) | investment | Germany | Indonesia | Europe (EU) | South-East Asia | $ 183 M | $ 183 M | ||||||
| 4 | PT PLN (Persero) (Perusahaan Listrik Negara) | Prudential Financial (US) | investment | United States | Indonesia | North America | South-East Asia | $ 127 M | $ 127 M | ||||||
| 5 | PT PLN (Persero) (Perusahaan Listrik Negara) | Northwestern Mutual | investment | United States | Indonesia | North America | South-East Asia | $ 98 M | $ 98 M | ||||||
| 6 | PT PLN (Persero) (Perusahaan Listrik Negara) | Franklin Resources | investment | United States | Indonesia | North America | South-East Asia | $ 89 M | $ 89 M | ||||||
| 7 | PT PLN (Persero) (Perusahaan Listrik Negara) | TIAA | investment | United States | Indonesia | North America | South-East Asia | $ 77 M | $ 77 M | ||||||
| 8 | PT PLN (Persero) (Perusahaan Listrik Negara) | American International Group (AIG) | investment | United States | Indonesia | North America | South-East Asia | $ 77 M | $ 77 M | ||||||
| 9 | PT PLN (Persero) (Perusahaan Listrik Negara) | BPER Banca | investment | Italy | Indonesia | Europe (EU) | South-East Asia | $ 74 M | $ 74 M | ||||||
| 10 | PT PLN (Persero) (Perusahaan Listrik Negara) | Vanguard | investment | United States | Indonesia | North America | South-East Asia | $ 72 M | $ 72 M | ||||||
| 11 | PT PLN (Persero) (Perusahaan Listrik Negara) | Manulife Financial | investment | Canada | Indonesia | North America | South-East Asia | $ 72 M | $ 72 M | ||||||
| 12 | PT PLN (Persero) (Perusahaan Listrik Negara) | JPMorgan Chase | investment | United States | Indonesia | North America | South-East Asia | $ 64 M | $ 64 M | ||||||
| 13 | PT PLN (Persero) (Perusahaan Listrik Negara) | Guggenheim Capital | investment | United States | Indonesia | North America | South-East Asia | $ 62 M | $ 62 M | ||||||
| 14 | PT PLN (Persero) (Perusahaan Listrik Negara) | HSBC | investment | United Kingdom | Indonesia | Europe (non EU) | South-East Asia | $ 59 M | $ 59 M | ||||||
| 15 | PT PLN (Persero) (Perusahaan Listrik Negara) | UBS | investment | Switzerland | Indonesia | Europe (non EU) | South-East Asia | $ 55 M | $ 55 M | ||||||
| 16 | PT PLN (Persero) (Perusahaan Listrik Negara) | Goldman Sachs | investment | United States | Indonesia | North America | South-East Asia | $ 53 M | $ 53 M | ||||||
| 17 | PT PLN (Persero) (Perusahaan Listrik Negara) | Principal Financial Group | investment | United States | Indonesia | North America | South-East Asia | $ 50 M | $ 50 M | ||||||
| 18 | PT PLN (Persero) (Perusahaan Listrik Negara) | Voya Financial | investment | United States | Indonesia | North America | South-East Asia | $ 49 M | $ 49 M | ||||||
| 19 | PT PLN (Persero) (Perusahaan Listrik Negara) | Neuberger Berman | investment | United States | Indonesia | North America | South-East Asia | $ 48 M | $ 48 M | ||||||
| 20 | PT PLN (Persero) (Perusahaan Listrik Negara) | Fidelity International | investment | Bermuda | Indonesia | North America | South-East Asia | $ 47 M | $ 47 M | ||||||
| 21 | PT PLN (Persero) (Perusahaan Listrik Negara) | Mitsubishi UFJ Financial | investment | Japan | Indonesia | East Asia | South-East Asia | $ 44 M | $ 44 M | ||||||
| 22 | PT PLN (Persero) (Perusahaan Listrik Negara) | MassMutual Holdings | investment | United States | Indonesia | North America | South-East Asia | $ 41 M | $ 41 M | ||||||
| 23 | PT PLN (Persero) (Perusahaan Listrik Negara) | Pensioenfonds Metaal en Techniek (PMT) | investment | Netherlands | Indonesia | Europe (EU) | South-East Asia | $ 40 M | $ 40 M | ||||||
| 24 | PT PLN (Persero) (Perusahaan Listrik Negara) | Royal Bank of Canada | investment | Canada | Indonesia | North America | South-East Asia | $ 39 M | $ 39 M | ||||||
| 25 | PT PLN (Persero) (Perusahaan Listrik Negara) | Fuh Hwa Securities Investment Trust | investment | Taiwan | Indonesia | East Asia | South-East Asia | $ 36 M | $ 36 M |
Remarks
Financial data is drawn from the commercial database Refinitiv (now known as LSEG Data & Analytics). For a selection of pension and sovereign wealth funds, data was collected from the fund disclosures and SEC filings in individual cases. The data was retrieved in May 2024, but filings can be older than that and might have changed since. This might especially be the case if an investor introduced a fossil fuel policy in the meantime. We acknowledge that shares and bonds of some Russian companies can't be traded on all markets anymore and were written off some investors’ portfolios.
This report is meant for information purposes only and not as a source of any specific investment recommendation. Nothing herein shall constitute or be construed as a recommendation, endorsement, or sponsorship of any company or fund. You should determine on your own whether you agree with the content of this information and data provided.
For more information read our detailed Methodology!