Environmental non-profit Market Forces says that emissions information on a Harita Group website was removed after it complained to SGX over the financing of captive coal power in Indonesia.
BackIndonesian nickel company scrubbed coal power disclosures after complaint to SGX
abatify summary
Ecosystem Impact
The reliance on captive coal power for nickel processing increases localized carbon emissions and contributes to environmental degradation in Indonesian mining regions. The removal of disclosure data obscures the true ecological footprint of mineral extraction, potentially masking the scale of forest clearing and habitat disruption associated with the energy infrastructure required for smelting operations.
Systemic Reality
This transparency failure undermines the integrity of ESG reporting and financial disclosures on major exchanges like the SGX, creating significant reputational and regulatory risks for the transition mineral supply chain. It highlights a critical tension in the global energy transition where the production of 'green' technologies, such as EV batteries, is powered by high-emission coal, potentially leading to misaligned investment flows and weakened climate policy enforcement.
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