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Contributor: PR Newswire Asia (Hong Kong)
Thursday, June 30 2022 - 13:27
AsiaNet
Issuing IDR 5 Billion Green Bond, BRI Reaffirmed as Market Leader of ESG Companies in Indonesia
JAKARTA, Indonesia, June 30, 2022 /PRNewswire-AsiaNet/ --

Bank BRI (IDX: BBRI) has reaffirmed its commitment to sustainable financing in 
Indonesia by issuing the Sustainable Environmental Bonds I Phase I Year 2022, 
targeting to raise IDR 15 billion and a total issuance of IDR 5 billion for ESG 
(Environment, Social, and Governance) activities.

The fund will be used in accordance with POJK 60/2017 concerning Issuance and 
Requirements for Green Bonds by allocating at least 70% for business activities 
included in the criteria for Environmental-Friendly Business Activities (KUBL).

The initial offering period of listing on the Indonesian Stock Exhchange from 
14 June to 14 July has PT BRI Danareksa Sekuritas, PT Bahana Sekuritas, PT BCA 
Sekuritas, PT BNI Sekuritas, PT Indo Premier Sekuritas and PT Mandiri Sekuritas 
as guarantors for the Green Bond issuance.

"The guarantee of the Sustainable Environmental-Friendly Bonds I Phase I Year 
2022 is a Clean Basis with a tenor of 370 days, 3 years and 5 years, and an 
undetermined interest rate to be paid quarterly according to 30/360 
calculation. PT Pemeringkat Efek Indonesia (Pefindo) has given an idAAA rating 
on BRI's Green Bond," said Sunarso, President Director of BRI.

The KUBL sectors targeted by BRI's Sustainable Environmental-Friendly Bonds 
include renewable energy, pollution control, natural resource management, land 
and water biodiversity conservation, environmental-friendly transportation, 
climate change adaptation, and other environmental-friendly business activities.

"The issues of climate change and its impacts have attracted many companies' 
attention globally. The banking industry now also pays attention to the ESG 
factors for sustainable finance," added Sunarso.

BRI is also committed to the Sustainable Finance Roadmap in maintaining and 
improving environmental sustainability as evidenced by increasing the loan 
proportion for ESG activities.

In March 2022, BRI's fud for ESG activities reached IDR 639.9 billion, 65.6% of 
the total loan, increasing by 13.4% compared to last year's IDR 564 billion or 
62.9% of the total loan.

"Through the Green Bond issuance, BRI has further strengthened its position as 
the market leader amongst ESG companies in Indonesia. Since the MSME segment is 
a main driver of Indonesia's economic growth, it is crucial to educate to MSME 
actors of ESG to ensure their businesses' sustainability," concluded Sunarso.

Source: PT Bank Rakyat Indonesia Tbk (BRI)

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=424522

   Caption: Left to Right: Arga M. Nugraha, Director of Digital and IT BRI; 
Sunarso, President Director BRI; Viviana Dyah Ayu Retno K., Director of Finance 
BRI.

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