By issuing IDR 5 billion green bonds, BRI reaffirmed itself as the market leader for ESG companies in Indonesia
Jakarta, IndonesiaAnd the 29 June 2022 /PRNewswire/- BRI Bank (IDX: BBRI) Reaffirmed its commitment to sustainable financing in Indonesia By issuing sustainable environmental bonds, phase one, in 2022, which aims to increase 15 billion Indonesian rupiah and a total version 5 billion Indonesian rupiah for ESG (Environmental, Social and Governance) activities.
The fund will be used in accordance with POJK Standard 60/2017 on green bond issuance and requirements by allocating at least 70% to business activities listed in the Green Business Standards. (KUBL).
The initial offering period for listing on the Indonesian Stock Exchange is from June 14 to July 14 under the guarantor of the issuance of green bonds PT BRI Danareksa Sekuritas, PT BCA Sekuritas, PT BNI Sekuritas, PT Indo Premier Sekuritas and PT Mandiri Sekuritas. .
“The Green Sustainable Bond Guarantee – Phase One for 2022 is a clean basis of 370 days, 3 years and 5 years, and an unlimited interest rate paid quarterly as per the 30/360 calculation. PT Pemeringkat, Chairman of the Board of Directors of the Belt and Road Initiative, said PT Pemeringkat : “IFIC Indonesia (Bifendo) has been given a rating by IAEA on Green Bonds for the Belt and Road Initiative.”
The KUBL The sectors targeted by BRI bonds include renewable energy, pollution control, natural resource management, land and water biodiversity conservation, environmentally friendly transportation, climate change adaptation, and other environmentally friendly business activities.
“The issues of climate change and its impacts have attracted the attention of many companies globally. The banking industry is now also paying attention to ESG factors for sustainable financing,” added Sunarso.
The Belt and Road Initiative is also committed to the sustainable finance roadmap in maintaining and improving environmental sustainability as evidenced by the increased percentage of loans to ESG activities.
in March 2022the Belt and Road Initiative for environmental, social and institutional governance activities has reached 639.9 billion Indonesian rupiah65.6% of the total loan, up 13.4% from last year 564 billion Indonesian rupiah or 62.9% of the total loan.
“By issuing green bonds, BRI has solidified its position as a market leader among ESG companies in the world Indonesia. Since the SME sector is the main driver of Indonesia For economic growth, it is critical to sensitize MSME actors to environmental, social and corporate governance to ensure the sustainability of their businesses.”
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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)