State-owned Bank Rakyat Indonesia (BRI), which has a strong commitment to ESG, has excelled in implementing the ESG principles, which have brought the bank international recognition.

BRI has earned an A rating with a score of 5.3 for December of this year, up from the previous 5.2, from MSCI ESG Ratings, which evaluated its ESG efforts.

BRI’s social pillar received the highest score, which aligns with the bank’s goal to enhance its microcredit portfolio up to 40 percent in 2022 and finance business activities that adopt sustainability principles.

Another ratings agency, Refinitiv, appraised BRI’s ESG performance at the level of 80, with its pillar of governance score reaching 84.6. This showed BRI’s consistency in applying governance principles, increased transparency and reporting to stakeholders.

Best Listed Bank

Thanks to its strong commitment to implementing ESG principles, BRI was named the Best Listed Bank for ESG Transparency at the 2020 ESG Awards, organized jointly by Investor Magazine, Berita Satu and Bumi Global Carbon Foundation.

The awards, announced on Nov. 17, 2020, constitute a recognition of the company’s commitment to, and concrete actions in, implementing ESG pillars.

BRI won 14 awards, which included Best Listed Bank for ESG Transparency, Best Listed Bank for Environmental Criteria Transparency, Best Listed Bank for Social Criteria Transparency, Best Listed bank for Governance Transparency, Best Bank in the BUKU IV category for ESG Transparency, Best Bank in the BUKU IV category for Environmental Criteria Transparency, Best Bank in the BUKU IV category for Social Criteria Transparency and Best Bank in the BUKU IV category for Governance Transparency.

In addition, BRI was named Best State-Owned Bank for Governance Transparency, best State-Owned Bank for ESG Transparency, Best State-Owned Bank for Environmental Criteria Transparency, best State-Owned Bank for Social Criteria Transparency, Best State-Owned Bank for Governance Transparency and Best Listed Bank for LQ45-ESG.

BRI president director Sunarso said the awards were a form of appreciation for the company’s excellent performance in implementing ESG principles and business activities. “This will certainly motivate BRI to continuously push harder for sustainable growth over the long-term and play its role in propelling economic growth in Indonesia,” he said.

Bank BRI is also the first bank to be recognized by the Financial Services Authority (OJK) as a “best of the best bank” and has earned a Sustainable Finance Award (SFA) for its sustainable finance initiatives through the financing of ecofriendly assets, issuing sustainability bonds in 2019, aimed at strengthening the bank’s liabilities, and initiatives in operational and human resources issues.  

For more information on Bank BRI, please visit www.bri.co.id or contact Aestika Oryza Gunarto

Corporate Secretary

Phone:  021-575-1966

Fax: 021-570-091

E-mail: humas@bri.co

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