Bank BTPN

19 February 2024

Bank BTPN Ready to Help Corporate Clients Transition to “Green Economy” Through ESG Deposit

Bank BTPN's innovative ESG Deposit product enables corporate clients to contribute to Indonesia’s green economy initiatives to achieve a meaningful, sustainable life.

Jakarta, 19 February 2024 – The green economy concept is a significant priority for the Indonesian government's sustainable economic growth.¹ Aligned with the government's vision for a green economy, PT Bank BTPN Tbk (Bank BTPN), is committed to deliver a meaningful change to achieve the net zero emissions target through various sustainable financial solutions. Part of this commitment is realized by providing ESG Deposit product innovations for Bank BTPN’s corporate customers.

"As a universal bank, Bank BTPN consistently fosters meaningful growth across all segments of Indonesian society. With a commitment to providing financial solutions that positively impact business sustainability, Bank BTPN introduces innovative options, such as ESG Deposit financial instruments, enabling corporate customers to transition towards a green economy. This financial solution is a part of the company's broader program, aligned with the Indonesian government's sustainable finance initiatives and the goal of reducing carbon emissions by 31.89 percent by 2030," says Nathan Christianto, Head of Wholesale Commercial and Transaction Banking, Bank BTPN.

In addition, the ESG Deposit provides corporate customers with optimal returns financial instruments that could facilitate their corporate sustainability goals. This deposit product is strategically allocated to initiatives, projects, and activities within the Environmental, Social, and Governance (ESG) corridor.

Corporate partners interested in the ESG Deposit can participate in the ESG Deposit initiative by funding investments starting from USD 1 Million (equivalent to approximately IDR 15.5 billion). ESG Deposit offers a flexible tenure, ranging from 20 days to 1 year, and is available in both IDR and USD currency options.

"The ESG Deposit funds will be allocated towards financing new and/or existing sustainability initiatives, projects, and activities, adhering to the guidelines outlined in the ESG Deposit framework. This information will be transparently accessible to our customers. In assessing the social impact of funding, various indicators including job creation, food security, sustainable food systems, affordable basic infrastructure, and more, will be considered," added Nathan.

Since its launch in late 2023, Bank BTPN has started to receive ESG Deposit placements from notable corporations, including PT Mitsubishi Krama Yudha Motors & Manufacturing, PT Senayan Trikarya Sempana, and PT Abadi Tambah Mulia International. This positive interest reflects the growing awareness among corporations in Indonesia regarding the significance of prioritizing sustainable and responsible business practices.

Bank BTPN's series of strategy to support sustainability

In addition to the ESG Deposit, Bank BTPN actively contributes to a positive social and environmental impact through its diversified, sustainable financing portfolio. As of December 2023, Bank BTPN has disbursed Rp13,77 triliun in sustainable financing, encompassing green investments, green loans, social loans, and ESG sustainability-related loan mutual funds. These funds support various sustainable business activities, complying with the classifications outlined in POJK 51². Bank BTPN's commitment to such initiatives reflects its ability to provide a broad spectrum of solutions, enabling customers to contribute to a low-carbon economy and foster a more meaningful life for all.

"As a catalyst for change, Bank BTPN remains committed to promoting environmentally friendly principles in every financial product and business operation. The bank firmly believes that sustainability initiatives are integral to propelling economic prosperity and shaping the quality of life for future generations," concluded Nathan.

¹ Source: Siaran Pers, KEMENTERIAN KOORDINATOR BIDANG PEREKONOMIAN REPUBLIK INDONESIA, Juni 2023

² https://www.btpn.com/pdf/investor/laporan-keberlanjutan/2024/laporan--keberlanjutan--bank--btpn--tahun-2023_-final.pdf

For further information please contact:

PT Bank BTPN Tbk
Andrie Darusman – Communications & Daya Head
Email: [email protected] or [email protected]

Bank BTPN in brief

PT Bank BTPN Tbk (Bank BTPN) is a foreign exchange bank and is a merger between PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI) in February 2019. Bank BTPN serves various segments in the banking industry, from retail to corporate customers, including retirees, micro-, small- and medium-sized enterprises (MSME) and productive underprivileged communities; the consuming class segment; and the corporate segment. Bank BTPN provides the services through business units, such as BTPN Sinaya—a business unit for wealth management, BTPN Purna Bakti—a business serving retirees, BTPN Micro Business—a business unit serving microbusinesses, BTPN Business Banking—a business serving small- and medium-sized enterprises, Jenius—a digital banking platform serving the consuming class segment, and the corporate business unit, which serves national, multinational, and Japanese companies. Bank BTPN also has a subsidiary, namely PT Bank BTPN Syariah Tbk, which focuses on serving productive underprivileged customers. Bank BTPN also regularly provides training sessions and information for customers through the Daya Program—a sustainable and measurable empowerment program—to improve customers’ capacity so they can grow and have a chance to live better.

Bank BTPN in brief

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