Bank Mandiri Strengthens Sustainability Commitment with Global ESG Standards

Bank Mandiri’s efforts have paid off. By September 2024, the bank’s sustainable finance portfolio grew by 12.8% year-on-year to IDR 285 trillion. Of this, its green financing portfolio surged by 16.4% to IDR 142 trillion, with a significant contribution of IDR 107 trillion from natural resource management and sustainable land use sectors.

These initiatives reflect the bank’s active role in promoting low-carbon economic transitions and combating climate change. Citra emphasized that these measures align with the bank’s ambition to achieve Net Zero Emissions (NZE) by 2030 for operations and by 2060 for financing activities.

Bank Mandiri’s commitment is built on its “Becoming Indonesia’s Sustainability Champion for a Better Future” vision. Its ESG framework is structured around three pillars: Sustainable Banking, Sustainable Operations, and Sustainability Beyond Banking, which guide its strategic efforts toward a greener future.

Through these transformative steps, Bank Mandiri not only strengthens its position as a sustainable finance leader but also supports Indonesia’s journey toward a low-carbon economy, ensuring a balanced ecosystem for generations to come. (Uki Ruknuddin)