3 days ago
22
March 27, 2025 | 05:39 pm
BUSINESS INFO - PT Bank Tabungan Negara (Persero) Tbk (BTN) has once again recorded a milestone in its history by achieving ESG Rating AA for the first time based on MSCI ESG Ratings in 2025, which shows that BTN is the most leading bank among all national banks in the commitment and realization of the implementation of Environment, Social, and Governance (ESG) principles. This achievement is also in line with the company's target to become an ESG Champion in the Indonesian banking industry.
MSCI ESG Ratings is the main reference at the global level to assess the extent to which a company or institution applies sustainability principles in its overall business activities and operations.
With the AA rating, BTN is recognized internationally for its commitment to building a modern bank that is proactive in preserving the environment and reducing carbon emissions, improving community welfare, and strengthening internal governance.
“This achievement is an encouragement for us to continue working hard and smart in carrying out the mandate of sustainability in every aspect of the business. This is a prestigious award that recognizes that BTN's various steps and initiatives have been considered to have a real impact on the environment, society, and for the transformation of the company's overall governance,” said BTN President Director Nixon LP Napitupulu in an official statement, Wednesday (26/3).
Based on the MSCI ESG Ratings, BTN has earned “industry leader” status because the company manages ESG-related risks and opportunities to the most significant extent. Therefore, said Nixon, BTN's achievement of an ESG rating of AA in March 2025 is a progressive step after several years of being perched on the BBB or mid-tier ESG rating since August 2020. An AA rating or becoming an ESG Champion in Indonesian banking is our highest aspiration in line with BTN's long-term commitment to the implementation of sustainability principles,” Nixon said.
BTN has also won a number of awards at the domestic and international level for sustainability related to its position as a bank that is fully committed to implementing Clean Banking Operations, which is a comprehensive reduction in carbon emissions in every aspect of the company's business.
Recently, BTN's Sustainable Finance Framework (SFF) has been evaluated by Sustainable Fitch through a Second Party Opinion (SPO) and received an “Excellent” rating or aligned with the principles of sustainable finance. SFF is BTN's guideline in allocating funds to projects that directly contribute to the environment and society. With this assessment, BTN is considered to have an SFF that provides a clear and measurable positive impact on the environment and social.
In 2023, BTN also became the first Indonesian state-owned bank to sign the Principles for Responsible Banking in its membership of the United Nations Environment Programme Financial Initiative (UNEP FI), which is one of the United Nations agencies to encourage the role of the financial industry in environmental conservation.
In accordance with the BTN ESG Framework for the period 2023-2028, various initiatives have been carried out by BTN to become one of the ESG pioneers in the Indonesian banking industry, including the Low Emission House program which was launched in 2024 together with developer partners and eco-friendly building material manufacturers.
Click here to get the latest news updates from Tempo on Google News
Minister Says 11% of Indonesians Lack Access to Banking Services
3 hari lalu
Coordinating Minister for Economic Affairs Airlangga Hartarto stated that around 11 percent of Indonesians do not have access to banking services.
OJK to Unveil New Policy Amid Market Turmoil as IHSG Plummets
9 hari lalu
The Financial Services Authority (OJK) is preparing a new policy to address the declining condition of the IHSG. It will be announced tomorrow.
Foreign Investors Sell-Off Banking Stocks, IHSG Drops After Danantara Launch
28 hari lalu
Analysts reported a net sell-off of Rp324 billion during the entire trading session after Danantara was introduced.
Today's Top 3 News: Biggest Hack in Crypto History, Bybit Loses Nearly $1.4 Billion
31 hari lalu
Tempo English compiled the top 3 news on Sunday, February 23, 2025.
BTN's Sustainable Finance Framework Receives Excellent Rating from Sustainable Fitch
32 hari lalu
The Sustainable Finance Framework issued by BTN received an Excellent rating by Sustainable Fitch through a Second Party Opinion (SPO).
Danantara Sparks Viral State-Owned Banks Withdrawal Calls, What's the Risk?
35 hari lalu
Examine various negative impacts of the mass withdrawal invitation in Himbara due to the formation of Danantara.
5 Benefits of Digital Technology for Millennials
36 hari lalu
With the rapid development of digital technology, millennials find it easier to access information, communicate, and run businesses.
BTN Supports Waste Management in Surabaya
41 hari lalu
PT BTN is committed to supporting climate change mitigation efforts and empowering local communities.
OJK Reveals Cyber Threats to Banking Customers
59 hari lalu
The Financial Services Authority (OJK) revealed that the risk of cyber attacks in the banking industry has increased significantly.
Bank Tabungan Negara and Mandiri Capital Indonesia Establish Investment Cooperation to Encourage the Growth of the Housing Ecosystem
8 Januari 2025
Bank Tabungan Negara and Mandiri Capital Investment have officially collaborated through the BTN Fund Venture Fund strategic partnership today.
