So Future Business Guidelines, Praktik Energy Social And Governance Hasn't Implemented The Business World

Illustration (Photo: Doc. Bank Mandiri)

JAKARTA PT Bank Mandiri Tbk has just released the results of a study conducted by the Mandiri Institute regarding the understanding and implementation of Energy, Social and Governance (ESG) in Indonesia.

Bank Mandiri President Director Darmawan Junaidi explained, the company's research results entitled "Towards ESG Implementation in Indonesia" can be a reference related to the latest development of the national sustainable economy.

It is stated that this report shows ESG as a major factor in business sustainability, both now and in the future.

"The ESG adoption is not only following regulations, but also regarding its implementation steps towards business strategies and corporate practices to get higher tangible benefits and value creation for the company," he said in Jakarta on Wednesday, November 2.

According to Darmawan, a number of challenges were found that must be faced by the private sector in implementing ESG, including various indicators in measuring implementation at the corporate level.

From the Mandiri Institute survey data, it was found that around 60 percent of respondents from listed or open companies had difficulty determining the ESG indicators to be used.

"This shows the need for support related to increased awareness and understanding of ESG, including preparing strategies to face challenges and achieving potential ESG in the future," he said.

Furthermore, the bank codenamed BMRI disclosed that research results also provide a new perspective on business views, investors, and fund managers of ESG which can be an important input for future improvements.

Meanwhile, this research was carried out comprehensively by involving various stakeholders ranging from corporations, both listed and non-listed, individual investors, to fund managers.