JAKARTA - Senior Vice President of the ESG Group Head of PT Bank Mandiri (Persero) Tbk Citra Amelya Pane said that this state-owned bank controls around 30 percent of the market share for green financing in Indonesia.
"For Bank Mandiri itself, we are committed. Currently, green financing, the Indonesian market, is 30 percent of Bank Mandiri that costs it. As of March 2024," Citra said in a discussion on the 2024 Green Economy Expo in Jakarta, quoted from Antara, Friday, July 5.
The total sustainable portfolio at Bank Mandiri, which consists of a green portfolio and social portfolio, has reached Rp264 trillion by the end of March 2024. Green portfolio itself was recorded at Rp130 trillion, while social portfolios in the form of lending to MSME players amounted to Rp134 trillion until March 2024.
"The sustainable financing itself at Bank Mandiri is up to Rp264 trillion from Bank Mandiri's Rp1,113 trillion credit (bank only in the first quarter of 2024), so it's almost 25 percent," said Citra.
He views that green financing opportunities in Indonesia, including the circular economy, are still wide open. As a State-Owned Enterprise (BUMN), Citra said that Bank Mandiri would fully support the government's efforts to encourage green financing. He also hopes that the portion of green financing at Bank Mandiri will continue to grow.
In supporting the achievement of net zero emissions, Citra said that Bank Mandiri implemented a Sustainability Framework consisting of three pillars, including Sustainable Finance, Sustainable Operations, and Sustainability Beyond Banking.
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Therefore, Bank Mandiri not only emphasizes the aspect of sustainable financing as part of its business but also the aspect of overall sustainability in the Mandiri Group, both its operations and social impacts through the company's social and environmental responsibility programs (CSR).
"At Bank Mandiri, the principle is how to embed into way of work. Daily work must change, and the daily business must also change," said Citra.
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