MUFG And Danamon Hold Net Zero School To Introduce Customers With Sustainable Business Practices

JAKARTA - MUFG Bank, Ltd (MUFG) and PT Bank Danamon Indonesia Tbk (Danamon) held Net Zero School training as an opening for the implementation of the 2025 MUFG Net Zero World (MUFG N0W) series in supporting sustainable economic growth in Indonesia.

Pelatihan untuk perwakilan tingkat managerial dan pemimpin nasabah korporasi MUFG dan Danamon ini diselenggarakan dengan tujuan untuk memberikan pengeraman terkait praktik-praktik keuangan berkelanjutan, inovasi dan efisiensi energi, serta implementasinya di berbagai sektor.

Net Zero School was held at the Tower of Bank Danamon, Jakarta, Wednesday, May 21, attended by representatives of more than 100 MUFG and Danamon corporate customers to discuss energy efficiency strategies, sustainable finance, and steps to calculate traces of greenhouse gas (GHG) emissions.

Net Zero School is part of the N0W MUFG platform, an initiative designed to bring together various stakeholders to collaborate and explore solutions related to environmental, social and governance issues (LST) in the Asia Pacific region in achieving net zero emissions (Net zero emissions or NZE) and Sustainable Development Goals (SDGs) that have a positive impact on the environment and social.

This training was opened with remarks from MUFG and Danamon, as well as presenting a number of speakers from MUFG and representatives of a number of companies from Indonesia and Southeast Asia who have experience in utilizing sustainable financial solutions for their business development.

Michael Sugirin, Managing Director, Head of Global Corporate and Investment Banking for MUFG Indonesia, said, as part of MUFG's global commitment to realizing sustainable business practices, his party believes the importance of cross-sectoral collaboration in encouraging understanding and implementing more environmentally friendly business practices.

"Through the implementation of Net Zero School, we hope to provide practical and inspiring insights for MUFG and Danamon customers to take concrete steps on Indonesia's journey towards net zero emissions. This initiative reflects MUFG's efforts not only to become a provider of financial solutions, but also strategic partners in creating a positive impact on the environment and society," he said, in a written statement, Tuesday, May 27.

Herry Hykmanto, Director of Sharia & Sustainability Finance Danamon, explained, as part of one of the largest financial groups in the world, MUFG, Danamon fully supports the implementation of Net Zero School as a form of commitment to achieve net zero emissions in business and business activities. his party, as well as to support all of our customers to be able to achieve a sustainable business together.

"With Indonesia's great renewable energy potential, as well as the aspirations for a large sustainability transformation, we hope that the presence of this program can provide added value in realizing a more environmentally friendly front mass, both for business people, as well as for Indonesia," said Herry.

Since 2023, MUFG has held the N0W MUFG series in a number of countries in the Asia-Oseania region to support business people who want to implement sustainable business practices by utilizing sustainable financial solutions for the environment and society. In Indonesia, MUFG and Danamon held the first series of the N0W MUFG in September 2024 as a form of support for Indonesia's commitment to achieve net zero carbon emissions by 2060.

The N0W MUFG is an event focused on combat leadership to encourage and facilitate LST-related inflation in Asia-Pacific. This event brings together public and private stakeholders to strengthen collective responses to the challenges and opportunities for sustainable development in the region, as well as focus on increasing awareness and commitment among companies in embracing sustainability and incorporating the best LST practices and solutions in their business.

As one of the largest financial groups in the world, the MUFG Group has set a commitment to achieve carbon-neutral businesses with three commitments to fight climate change, namely to support the achievement of a global warming control target of 1.5oC according to the Paris Agreement, support the transition to decarbonization with financial solutions, and by actively contributing to building a sustainable society where the environment and economy can coexist in harmony.

Through the Declaration of Carbon Neutrality MUFG (2021), MUFG is committed to achieving net zero emissions in operational activities in all groups by 2030 and net zero emissions at its financing portfolio by 2050. This commitment is stated in the MUFG Environmental Policy Statement and the MUFG Environmental and Social Policy Framework, which applies and is implemented in the entire group.

As a member of the MUFG, Danamon has set a vision and sustainability mission as well as a target to provide a portion of sustainability financing/credit of 20% of Danamon's total credit disbursement as green and sustainable financing until the end of 2025. In line with MUFG's aspirations, Danamon also has aspirations to achieve net zero emissions in its operational activities by 2030.

Danamon also continues to strengthen its commitment to support the goals of the Indonesian government's energy transition through various initiatives in the Sustainable Financial Action Plan (RAKB). In this BBC, Danamon's strategy includes the development of Governance and Process, Awareness and Capacity Improvement, Sustainable Financing, Management of Responsible Workplaces, and Corporate Social Responsibility.