As an integrated energy company focusing on sustainability, TBS provides services for the electricity, mining, plantation, electric vehicle and renewable energy sectors. TBS, Bank Mandiri, and Bank DBS Indonesia share the same commitment to reducing carbon emissions and contributing to a cleaner energy transition in their business operations.
Dicky Yordan, President Director at TBS, said, "The company's strategy to acquire AMES is a concrete step that strengthens our commitment to contributing to sustainability, and demonstrates how TBS can significantly improve the quality of life of the population and the environment in accordance with the Towards a Better Society 2030 (TBS2030) goals. TBS will also continue to invest in sustainable, renewable infrastructure such as medical waste management and electric vehicles. We are pleased to collaborate with Bank Mandiri and Bank DBS Indonesia, and hope that this collaboration can make a positive contribution to a more sustainable Indonesia."
As the largest wholesale bank in Indonesia and an ESG market leader in Indonesia, Bank Mandiri aspires to play an active role in supporting the national sustainability targets in line with the bank's pursuit of "Becoming Indonesia's Sustainability Champion for a Better Future" vision. This strong commitment is realized through the disbursement of sustainable financing that accounted for around 25% of the total loans bank-wide as of June 2023. In fact, Bank Mandiri has disbursed Rp115 trillion worth of green financing, or > 30% of Indonesia's total green portfolios, making the state-owned bank the market leader in green financing.
Susana Indah K. Indriati, Director of Corporate Banking at Bank Mandiri, said, "We believe that the financial industry plays a crucial role in accelerating the transition to more environmentally friendly business practices. With a broad customer base, Bank Mandiri continues to provide full support for customers and be part of the journey to a low carbon economy, and strives to have a positive impact on the environment and society."
Kunardy Lie, Director at Bank DBS Indonesia, said, "Bank DBS Indonesia has a strong commitment to supporting customers every step of the way, not only in business growth but also in making a positive impact on the environment and society. Our mission to be the 'Best Bank for a Better World', applied through our three pillars of sustainability, namely Responsible Banking, Responsible Business Practice, and Impact Beyond Banking, is crucial evidence that the sustainability agenda is embedded into every aspect of our endeavors and efforts. In 2020, DBS Group launched the Sustainable and Transition Finance Framework to meet the growing demand for transition finance in Asia. This partnership confirms Bank DBS Indonesia's commitment to helping companies in their transition to low-carbon business operations. Our ability to reduce financed emissions is part of the success of our customers' decarbonisation efforts, and we are committed to accompanying them through the entire process."
Until July 2023, Bank DBS Indonesia has disbursed Rp4 trillion worth of sustainable financing, up 253% from last year. The loans were disbursed to the energy, real estate and manufacturing sectors as well as a number of state-owned enterprises (SOEs).
DBS is a leading financial services group in Asia, with a presence in 19 countries. It is headquartered and listed in Singapore. DBS is in Asia's three major growth axes: China, Southeast Asia, and South Asia. DBS' "AA-" and "Aa1" credit ratings are among the highest in the world.
Known for its global leadership, DBS was named "" by Global Finance, " " by Euromoney and " " in the world by The Banker. In addition, DBS was awarded the " " title by Global Finance for 14 consecutive years, from 2009 to 2022.
DBS provides a full range of services for customers, SMEs, as well as corporate banking services. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS is determined to build lasting relationships with customers and bank the Asian way. Through the DBS Foundation, the bank creates a positive impact that goes beyond banking by supporting social enterprises: businesses that focus on balancing profit and social and/or environmental impact. The DBS Foundation also contributes to society in a variety of ways, including preparing people with the skills they will need in the future and building food security.
With an extensive operational network in Asia and an emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit
DBS Group Holdings Ltd. published this content on 11 September 2023 and is solely responsible for the information contained therein. Distributed by, unedited and unaltered, on 22 September 2023 04:17:04 UTC.