BRI Receives 2 International Awards from The Asset Triple A for Successful ESG Implementations
Ahmad Solichin Lufiyanto, BRI's Director of Compliance, has dedicated the awards to all Insan BRILiaN (BRI employees) who have always given their best in empowering SMEs. "BRI recognizes the significance of sustainable finance, especially as one of the banks with a core focus on supporting SMEs that holds a significant influence on the Indonesian economy. We take pride in this recognition as it serves as a global validation of our sustainable financial practices."
BRI's strong portfolio in sustainable finance was reflected in BRI's ESG financing portfolio in
Of the total amount,
BRI's success in securing a syndicated loan in the form of a Sustainability-Linked Loan (SLL) worth
The SLL is one of the financial benefits that BRI has gained through the implementation of ESG as it provides ease for borrowers who implement sustainability in their business practices. In this loan scheme, companies are given incentives for their performance in achieving a set of Sustainability Performance Targets (SPTs) in the form of preferential interest rates. Conversely, a penalty margin will be imposed if the companies fail to achieve the SPTs.
"The SLL helps BRI to measure the overall performance of ESG implementations. This also becomes a platform for BRI to promote our ESG implementations to the public, especially stakeholders, thus indirectly increasing the company's brand value," concluded Achmad Royadi, BRI's SEVP Treasury &
To learn more about BRI, visit www.bri.co.id .
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