To commemorate Earth Day, Bank Mandiri Releases Emission Reduction Certificate Feature for Retail Customers at Livin’ Planet

JAKARTA - Interpreting the momentum of Earth Day which is commemorated every April 22, Bank Mandiri strengthens its role in supporting a sustainable economy through the launch of the Greenhouse Gas Emission Reduction Certificate (SPE-GRK) feature for the retail segment on the Livin’ Planet platform on the Livin’ by Mandiri application.

This initiative is the result of collaboration between Bank Mandiri and IDXCarbon which is a new step in opening access to the carbon market to the public through banking digital services. This launch also marks the expansion of the national carbon trading ecosystem, which was previously dominated by the corporate segment.

"Through this feature, we want to encourage customer active participation in climate action. Not stopping at increasing awareness of the carbon footprint generated by daily activities, we also encourage customers to take a role in offsetting it through a credible and verified carbon offset mechanism," said Deputy President Director of Bank Mandiri Henry Panjaitan in Jakarta on Wednesday, April 22.

SPE-GRK is a carbon unit that represents emission reductions from a project that has gone through the process of measurement, reporting, and verification. This certificate is proof that greenhouse gas emissions have been successfully reduced or avoided, so that it can be used by individuals and institutions to offset emissions from daily activities.

The launch of this feature is part of the latest development of Livin’ Planet, by presenting new capabilities beyond the previous features. This innovation reflects Bank Mandiri's commitment to providing sustainable solutions that are increasingly relevant, accessible, and impactful for customers.

"In its implementation, carbon offset is carried out by supporting emission reduction or absorption activities, both through nature-based solutions such as tree planting, and technology-based solutions such as the development of renewable energy and energy efficiency projects. Meanwhile, carbon credit represents a reduction or absorption of emissions of 1 ton of CO₂ equivalent that can be traded as an instrument in the mechanism," he explained.

Through Livin’ Planet, customers can calculate their carbon footprint through a carbon calculator, offset by buying SPE-GRK directly. This feature is also equipped with education to increase public understanding of carbon emissions and encourage behavioral changes towards a low-carbon lifestyle.

The SPE-GRK currently available comes from the Pertamina New & Renewable Energy's Sei Mangkei Biogas Power Plant (PLTBg) project with a capacity of 2.4 MW in North Sumatra, which processes Palm Oil Mill Effluent (POME) waste into renewable energy. This project contributes to reducing emissions of around 265 thousand tCO2e, or equivalent to the emissions of around 30 thousand gasoline-fueled vehicles.

In addition, Bank Mandiri also continues its sustainability campaign through the Mandiri Looping for Life program, which encourages emission reduction through textile waste management, while involving MSMEs and local brands in building an environmentally friendly lifestyle ecosystem.

In 2025, through the Mandiri Looping for Life campaign, the company has recorded 1,398 Livin' Planet transactions with a value of IDR 135.2 million. These transactions have been converted into planting 1,292 trees which contribute to reducing emissions by 45.32 tons of CO₂e.

This initiative confirms the role of the financial sector as an enabler in the transition to a low-carbon economy, not only through financing, but also by expanding access, increasing awareness, and providing practical solutions for the community.

Going forward, Bank Mandiri will continue to strengthen collaboration and ESG-based innovation to expand the inclusion of sustainability and provide increasingly relevant, inclusive, and sustainable financial solutions. With the synergy of an integrated service ecosystem, Bank Mandiri is optimistic that it can continue to strengthen its role as a catalyst in supporting Indonesia's transition to a low-carbon economy.