Media: PRNewswire, JAKARTA, Indonesia
Date: Oct. 4, 2023
What happened?
BRI Strengthens commitment to Sustainable Finance with New Green Bonds; Rakyat Indonesia Bank (BRI) has issued an IDR 6 trillion Green Bonds for 2023.
This issuance follows the fund usage framework set by the Financial Services Authority Regulation.
Whom and where it affects?
The news mainly affects Southeast Asia reaffirming BRI as the largest national issuer of green bonds in Indonesia after an issuance of 5 trillion official currency of Indonesia (IDR) in 2022.
What sort of public or private institutions are involved?
Many public and private companies have been involved in this news, such as Bank Rakyat Indonesia (BRI) and other different SMEs that will benefit from the issuance of BRI bonds.
The G20 is also mentioned with reference to the compliance and support of its government initiatives.
Why is it important for Banking and Finance?
This aligns with the vision of BRI to be recognized as The Most Valuable Banking Group in Southeast Asia and The Champion of Financial Inclusion.
Green bonds are important for banking, because they are a financial instrument designed to finance projects that have a positive environmental impact and have gained popularity as a means to support sustainable development.
What do you think will be the consequences in the foreseeable future?
BRI has become the largest issuer of green bonds in Indonesia, with an issuance of 5 trillion Indonesian rupiah (IDR) in 2022.
This represents a positive step towards promoting sustainable and environmentally friendly infrastructure projects in the region.
In conclusion, every day there is greater awareness of climate change and its consequences, but this is only half the way, taking into account that the market has not yet fully included the climate risk, something that will end up happening.
Keywords: SMEs, Rakyat Indonesia (BRI), Official currency of Indonesia (IDR), Environmental, Social and Governance (ESG).
SDG :
7 – Energy affordable and non-polluting: Ensuring access to affordable, reliable, sustainable, and modern energy for all.
8 – Decent work and economic growth: Promoting sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all.