BTN Wins 4 Awards From ESG Initiatives Awards 2024

BTN President Director Nixon LP Napitupulu and BTN Risk Management Director Setiyo Wibowo showing the awards won by BTN at the ESG Initiatives Awards (EIA) 2024. (BTN Doc)

JAKARTA PT Bank Tabungan Negara (Persero) Tbk (BTN) won a number of awards at the 2024 ESG Initiatives (EIA) event. This award is a public recognition of BTN's commitment to implementing Environmental, Social, and Governance (ESG)-based principles in its business operations.

In the event, BTN became one of the award-winning banks among 21 companies and individuals. BTN received four awards, namely: Best ESG Investment Innovation, Best ESG Reporting & Transparency, Best Sustainable Finance Leadership, and Best Integrated ESG Champion in Risk Management for Wilson Arafat, as BTN's Transformation Management Office Head.

Director of Risk Management BTN Setiyo Wibowo said that the achievement of awards in the field of ESG proves the consistency of BTN as the leading bank in the application of ESG principles and innovation. This is stated in the framework, initiative, and roadmap of ESG 2023-2028 that has been carried out by BTN in all of its business activities, in order to realize its ESG mission, namely Become the ESG Champion in the banking industry.

"We continue to apply the principle of sustainability in every line of business. This commitment can be seen from the strong will and participation of BTN to become a member of the United Nations Environmental Program Financial Initiative (UNEP FI) recently, in order to implement the United Nations Principles for Responsible Banking," said Setiyo in a written statement, Thursday, August 15.

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The 2024 ESG Initiatives (EIA) award is an annual corporate rating event to invite all industry players to be involved in an innovative transformation process to optimize the application of various aspects of sustainability in the country. Carrying the theme 'Advancing Sustainability Through Innovative Transformation', EIA 2024 encourages cooperation between the government, business sector, and civil society in taking strategic steps to overcome global challenges.

The EIA 2024 event was attended by around 400 companies at the initial selection stage to compete for 24 categories, consisting of 10 corporate predicates and 14 other categories for individual predicates. Based on the initial assessment, there were 57 companies entitled to proceed to the judging stage by the 2024 EIA Jury consisting of experts, experts, observers, and professionals in the field of Sustainability. In the final stage, the 2024 EIA Jury set 21 winning companies, including BTN.

BTN has gone through a rigorous judging process and a comprehensive evaluation by the EIA 2024 Jury, based on its performance and innovation in accordance with the ESG framework at the international level. BTN is assessed by the Jury based on its efforts to achieve the ESG goals set by the company. In addition, the integrated good corporate governance (GCG) aspect is also one of the plus points to prove that the company guarantees good governance implementation in its business operations.

Setiyo said, BTN has transformed itself into a more modern bank and is able to answer the challenges and needs of customers in the future, so that the consistent implementation of ESG will provide positive benefits for the company's long-term business growth. BTN views the ESG principles as essential and inseparable in carrying out the company's function as an intermediation institution that is the catalyst for the country's economic growth. The company is committed to making continuous improvement efforts in this area," concluded Setiyo.