Bank Mandiri Holds Mandiri Sustainability Forum As A Sustainable Economic Support Effort

JAKARTA PT Bank Mandiri Tbk. officially held the Mandiri Sustainability Forum (MSF) as part of its commitment to support sustainable business development in Indonesia.

Bank Mandiri President Director Darmawan Junaidi said this step was in line with the company's business direction which was also consistent in adopting Energy, Social, and Governance (ESG) practices more broadly, including in the company's operations.

The energy and geopolitical crisis has shifted the issue of sustainability into energy availability. However, we believe that the issue of ESG has become mainstream. Even though there is a shock, this remains important going forward," he said on Wednesday, November 2.

According to Darmawan, the MSF initiative aims to provide discussion platforms for business people, the government and other business actors related to the potential and challenges of ESG in the future, both at the global and national levels.

"This forum is expected to be a forum for aspirations for stakeholders, regulators, industry players, and Bank Mandiri to jointly explore sustainable economic potential, which is also in line with the government's national agenda," he said.

For information, the green economy approach has become a policy trend applied by various countries globally to build sustainable economic growth.

Indonesia through enhanced Nationally Determined Contribution (NDC) increased its commitment to reduce emissions by 31.8 percent unconditionally and by 43.2 percent with international support by 2030.

Meanwhile, Bank Mandiri ITs own until the third quarter of 2022 has disbursed credit to the sustainable sector worth IDR 221.1 trillion or 24 percent of the company's total credit.

From this value, financing to the green sector of Bank Mandiri has reached IDR 101 trillion. This amount is claimed to be equivalent to 11.1 percent of the company's total credit disbursement.