Surveyor Partners with Commodity and Derivatives Exchange to Support Renewable Energy
PT Surveyor Indonesia (PTSI) is collaborating with PT Bursa Komoditi dan Derivatif Indonesia (ICDX) to bolster testing, inspection, and certification (TIC) capabilities and to develop and strengthen the Renewable Energy Certificate (REC) ecosystem in Indonesia. This represents a strategic step towards establishing a credible, transparent, and integrity-driven national REC system, aligned with international standards and the demands of the sustainable energy market.
Through this partnership, PTSI assumes a central role as the guardian of assurance in the TIC industry, particularly in ensuring the credibility and integrity of the REC ecosystem. This role is realised through enhanced verification and certification of renewable energy attributes, the development of traceable registry systems, and the strengthening of accountable governance and market mechanisms. In this context, PTSI also reinforces the role of the Conformity Assessment Body (LPK) as a key pillar in maintaining the quality, traceability, and integrity of sustainability instruments.
PTSI’s President Director, Fajar Wibhiyadi, stated that this collaboration is part of a collective effort to address the challenges of energy transition and global demands for sustainable practices. “This is a strategic step in strengthening inter-institutional synergy, particularly in supporting the enhancement of testing, inspection, and certification, as well as the development of the renewable energy ecosystem in Indonesia,” he said in a written statement on Thursday (9/4).
With this partnership, industries and business actors gain access to verified and recognised REC instruments, which can be directly utilised to meet decarbonisation needs and ESG commitments. Business actors also have a stronger foundation for preparing sustainability reports and emissions accounting, which in turn enhances credibility in the eyes of investors and global partners. On the market side, the integration of verification systems and exchange mechanisms creates more transparent, accountable, and traceable REC transactions, thereby strengthening market confidence and liquidity.
Economically, this collaboration opens concrete channels for developing green financing instruments while accelerating the formation of a structured renewable energy trading ecosystem. This directly drives cost efficiencies in energy transition for industries and expands investment opportunities in the clean energy sector. For society, strengthening the renewable energy ecosystem through REC mechanisms contributes to increased utilisation of clean energy, impacting environmental quality, while creating new economic activities in the sustainable energy value chain.
The memorandum of understanding between the two companies also encompasses strengthening governance, risk management, and enhancing stakeholder capacity through education and socialisation activities, to ensure comprehensive readiness for implementing sustainability systems. As part of the state-owned enterprise (BUMN) survey services holding, PTSI is committed to continuing to provide reliable TIC services to ensure that every sustainability instrument possesses high credibility and is globally recognised.