Sustainable Business Policy

In line with Bank BTPN's Credit Policy, the following industries are prohibited from being financed:

• Business, company, or project that is estimated to be significantly harmful to the environment and employs illegal labor.
• A large-scale development or construction projects which may have significant negative impacts on key biodiversity and protected areas, including UNESCO World Heritage Sites and Ramsar Convention on Wetlands.
• A large-scale development or construction projects that have a significant impact
  on the habitat of an endangered species, without an appropriate environmental impact assessment or no environmental management plan.
• Coal mining industrial sector:

1. Using Mountain Top Removal (MTR) and/or expansion of infrastructure development dedicated to coal mining using MTR.
2. Thermal coal mining and infrastructure development dedicated to thermal coal mining.

• Coal-Fired Power Plant (CFPP), including captive CFPP for the purpose of self-consumption.
• Development of palm oil plantations where illegal logging or human rights abuses are taking place or highly likely to take place. Support is only permitted for the palm oil industry that has been, or is expected to be, certified to ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) or has equivalent documents showing compliance with NDPE (No Deforestation, No Peat, No Exploitation).
• Businesses involving deforestation that are engaging, or highly likely to engage, in illegal logging or labor abuses. For large-scale plantations (10,000 hectares or more), must have public announcement of compliance with NDPE (No Deforestation, No Peat, No Exploitation).