Investor Presentaiton

Introduction Ahead of the G20 Presidency, Indonesia is increasingly aligned and engaged with international developments APEC 2021 The three priorities of Asia-Pacific Economic Cooperation (APEC) 2021, hosted virtually by New Zealand, were: innovation and digitally enabled recovery; increasing inclusion and sustainability; and economic and trade policies to strengthen recovery. These align with Indonesia's long-term development aims: priority groups include SMEs, women, young people and rural areas. G20, 2021-22 At end-October 2021 the G20 committed to net zero by mid-century and agreed to phase out coal power and fossil fuel subsidies - without a definitive timeline. Indonesia is G20 President for 2022. With the theme Recover Together, Recover Stronger, overarching priorities encompass inclusion and a sustainable, green economy. Focus areas: digital transformation; inclusive economic growth; health diplomacy, particularly with respect to Covid-19 vaccines; strengthening productivity; and sustainable finance. Indonesia will chair ASEAN in 2023. During G20 and COP26 President Jokowi held bilateral meetings with a number of leaders, including US President Joe Biden, UK Prime Minister Boris Johnson, France's President Emmanuel Macron, India's Prime Minister Narendra Modi and Turkey's President Recep Tayyip Erdoğan. Commitments at COP26 Glasgow Leaders' Declaration on Forest and Land Use: Indonesia among the 100+ pledges to halt and reverse deforestation and land degradation. • President Jokowi on COP26 stage Indonesia's president attended the 26th UN Climate Change Conference (COP26) in Glasgow in November 2021. Takeaways from President Jokowi's speech: Indonesia's forestry sector on track to become net sink by 2030 amid slower deforestation and mangrove rehabilitation Energy sector progress includes: electric vehicle ecosystem development; construction of South-east Asia's largest solar power plant; and use of new and renewable energy, including biofuel Indonesia to continue mobilising climate finance and innovative financing, such as hybrid financing, green bonds and green sukuk (Islamic bonds) Climate finance and technology transfer from developed nations will be key to help Indonesia meet the UN SDGs, including climate goals Indonesia confirmed that its target to phase out coal has been brought forwards from 2055 to 2040, in partnership with the Asian Development Bank and the Philippines - and a separate partnership with Climate Investment Fund. • The country also committed to the Global Coal to Clean Power Transition Statement, noting it will consider accelerating coal phase-out into the 2040s, conditional on additional international financial and technical assistance. 2021 progress The year saw Indonesia strengthen its position on the global socio-economic stage, laying the foundation for its 2022 G20 Presidency and role as 2023 ASEAN Chair. President Jokowi received the G20 Presidency baton in October after the group committed to net zero by mid-century, and agreed to phase out coal power and fossil fuel subsidies. President Jokowi's speech at COP26 the following week spotlighted Indonesian efforts to slow deforestation and promote mangrove rehabilitation, plans to continue mobilising climate finance and innovative financing, and progress towards the transition. The country's G20 Presidency theme, Recover Together, Recover Stronger, seeks to accelerate international progress towards ESG-related goals. PwC OBG ESG Report O OXFORD BUSINESS GROUP Sources: APEC; Setkab 8

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