Bank Mandiri Targets To Control 23 Percent Of National Green Financing Market

Illustration (Photo: Doc. Antara)

JAKARTA - PT Bank Mandiri (Persero) Tbk expressed its support for the green economy transition as evidenced by its commitment to lending and financing to this sector. Most recently, the government-controlled bank hopes to contribute 21 percent to 23 percent of the national green financing portion.

The President Director of Bank Mandiri explained that the increasing trend of the green economy made the demand for sustainable financing continue to rise. According to him, this is a golden opportunity for the company's Darmawan Junaidi to boost business performance.

"Bank Mandiri has consistently continued its commitment to maintain and improve the principles of sustainable finance which refers to POJK 51/2017, the NDC/NZE Indonesia Roadmap, and the Environmental, Social and Governance (ESG) framework," he said in a press statement on Wednesday, July 20. .

Darmawan explained that he hopes to continue to encourage the transition and growth of the green economy in the country to achieve aspirations as a market leader in sustainable financing in Indonesia.

According to him, to achieve the Nationally Determined Contribution (NDC) target in 2030 and Net Zero Emission (NZE) in 2060, the need for green financing will reach 281 billion US dollars.

"We are gradually implementing a brown sector to green sector conversion strategy through the preparation of green financing schemes for companies that already have a transition timeline to support lower carbon emissions which are also in accordance with the National Energy Transition Roadmap," he said.

Darmawan added, through these various initiatives, it is hoped that it will trigger an increase in new investments such as financing for renewable energy and its ecosystem.

"Bank Mandiri is ready to develop a green financing ecosystem in accordance with best practices and support affordable energy transitions for the real sector, financial institutions, and investors to jointly make the earth a better place to live for generations to come," concluded Darmawan.