BTN Achieves Global Award For Innovation In The ESG Sector In 2024

President Director of BTN Nixon LP Napitupulu Shows two awards for BTN. (IST)

JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BTN) won two awards at the 2024 Global Retail Banking Innovation Awards held by The Digital Banker, a media and research institution for the global financial industry based in Singapore. The award is an international recognition of the innovations carried out by BTN in implementing the sustainability principles in its products and business operations.

In the event, BTN received an award as the winner of the Mortgage Product of the Year-ESG and a very recognized bank for its ESG initiative (Highly Acclaimed for Best ESG Initiative). BTN won both awards because they were deemed to meet all the criteria that were strictly assessed by the Jury.

President Director of BTN Nixon LP Napitupulu said the two awards were recognition of all BTN efforts as a bank that consistently applies Environmental-based principles (Environment), Social (Social), and Good Governance (Governance) or ESG in all business activities.

"This award is a strong motivation for us to continue to print milestones in the field of sustainability and governance, especially from the housing financing sector," said Nixon in Jakarta, Tuesday (12/11).

Based on The Digital Banker's assessment, BTN won the Mortgage Product of the Year-ESG award because it has become a pioneer in the Low Emissions Home program which is targeted to reach 150,000 units by 2029. In the process, BTN supports circular economic activity (circular economy) which involves environmentally friendly producers of building materials, housing developers, and consumers.

According to the institution, the Low Emissions House program is proof of BTN's dedication in supporting the construction of comfortable, modern, and environmentally friendly housing. The program is also a form of BTN's commitment to mitigate the negative impacts of climate change, as well as promote sustainability principles.

Meanwhile, regarding the Best ESG Initiative award, BTN is considered capable of developing a harmoniously moving sustainable business process with its various strategic goals as a corporation. According to The Digital Banker, BTN integrates environmental principles, good governance, and considers social impacts into an ESG framework (ESG Framework).

In particular, BTN integrates diversity, equality, and inclusiveness into its internal policies. As concrete evidence in all three aspects, BTN targets to be able to increase the proportion of women at the senior management level to 20% by 2024, as well as the proportion of employees with disabilities to 0.5% in the same year.

Nixon also added that ESG principles are embedded in BTN's long-term strategy. Among other things, it is stated in the ESG Roadmap 2023-2028 which has been designed by BTN in order to become an ESG Champion in the banking industry of Indonesia.