BMRI - Supports low-carbon businesses to issue green bonds

BMRI - Supports low-carbon businesses to issue green bonds Bank Mandiri (BMRI) has reinforced its commitment to sustainable finance by implementing the Sustainable Finance Framework (SFF) and Transition Finance Framework (TFF). This move enables BMRI to issue Green Bonds while supporting businesses that are transitioning to low-carbon practices. Darmawan Junaidi, President Director of BMRI, stated that both frameworks ensure the bank’s operations and business practices align with global standards and national regulations on sustainable finance. “We strive to support Indonesia’s transformation towards a low-carbon economy through responsible financing,” he said in an official statement. The SFF is designed to support green and social projects, such as renewable energy, eco-friendly infrastructure, and social empowerment programmes. According to Darmawan, this framework allows BMRI to issue innovative financial products, such as Green Bonds, sustainability-linked loans, and social loans. Meanwhile, the TFF is aimed at helping businesses transition to more environmentally friendly practices. This framework provides financing for companies with concrete plans to reduce carbon emissions in the short to medium term. The application of SFF and TFF aligns with BMRI's sustainability vision, "Becoming Indonesia’s Sustainability Champion for a Better Future." In addition to creating a positive impact on the environment and society, this initiative also supports the national target to achieve net-zero emissions by 2060 or sooner. (Source : Idn Financials)