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Vol. 3 No. 2 (2025): (Special Issue)
Articles

Strategic ESG Transformation To Enhance Funding Access: A Case Of PT Kilang Pertamina International

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  • Ralang Argi Barus,
  • Erman Sumirat,
  • Sylviana Maya Damayanti
Ralang Argi Barus
Institut Teknologi Bandung
Erman Sumirat
School of Business and Management, Institut Teknologi Bandung
Sylviana Maya Damayanti
School of Business and Management, Institut Teknologi Bandung
DOI: https://doi.org/10.58229/jims.v3i2.382

Published 2025-07-24

Keywords

  • ESG implementation,
  • regional bank,
  • stakeholder engagement,
  • sustainable finance,
  • institutional transformation,
  • green lending,
  • ESG capability
    • ...More
    Less

How to Cite

Barus, R. A., Sumirat, E., & Damayanti, S. M. (2025). Strategic ESG Transformation To Enhance Funding Access: A Case Of PT Kilang Pertamina International. Journal Integration of Management Studies, 3(2), 352–367. https://doi.org/10.58229/jims.v3i2.382

Abstract

Environmental, Social, and Governance (ESG) principles are now at the heart of corporate competitiveness and long-term viability. This study assesses PT Kilang Pertamina Internasional's (PT KPI) current ESG practices and identifies areas for improvement that extend beyond regulatory compliance. Using a mixed-methods analysis, the author combined stakeholder analysis, resource-based and gap analyses, and a PESTLE review to assess internal capabilities and external analysis, then benchmarked the results against international standards using the Sustainalytics framework. The study identifies three priority areas for improvement: enhancing waste and water management (Beyond PROPER), revitalizing Process Safety Management (PSM), and strengthening ESG governance structures. These initiatives are expected to reduce operational risks, attract foreign investment, and support long-term financial resilience. Future research could examine how these initiatives influence financial performance, policy outcomes, and stakeholder perceptions.

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