Analisis Dampak Isu Global Boiling pada Profitabilitas Perusahaan Subsektor Pertambangan Batu Bara yang Terdaftar di Bursa Efek Indonesia Periode 2022-2024

Abstract

This research aims to determine the extent to which the issue of global boiling has an impact on the profitability of coal mining subsector companies that implement Net Zero Emissions (NZE) production listed on the Indonesia Stock Exchange for the period 2022-2024 on the financial performance of the five main Indonesian coal issuers, namely ADRO, ITMG, ABMM, PTBA, HRUM). The research uses secondary data, so the data analysis technique is a descriptive quantitative technique. The research results show that global pressure and environmental regulations have a positive impact on reducing the profitability of coal mining companies that implement Net Zero Emissions (NZE), as seen in the decline in PTBA profits of 16.4% and ADRO's net profit margin (-63.2%) and HRUM (from 33% to 6%). The implementation of NZE increases short-term operational costs due to large investments in renewable energy diversification, for example ITMG (US$ 2 billion), ADRO through the disposal of coal assets and ABMM which recorded a decline in all its profitability ratios.