Bank Negara Indonesia (Persero)

In terms of senior leadership accountability, the responsibility for sustainability issues within Bank Negara Indonesia lies with the board of directors. Regarding trade associations, the financial institution discloses a list of associations of which it is a member including sustainability- and non-sustainability-related organisations. The financial institution also publicly commits to gender equality and women’s empowerment.

No leading practices were identified for the financial institution in the respecting planetary boundaries measurement area.

Bank Negara Indonesia discloses the proportion of its total direct operations workforce for each employee category by age group and gender. It also discloses the proportion of its workforce covered by collective bargaining agreements. In terms of transparency on financial inclusion, the financial institution discloses the amount of finance it directs towards SMEs.

There is no evidence that Bank Negara Indonesia links the remuneration of its executive or management teams to sustainability performance criteria. Moreover, in terms of female representation in leadership positions, women are underrepresented on the board of directors where only four out of 12 board members are women. The financial institution has an opportunity to reach at least 40% female representation in senior leadership positions and on the board. It could also disclose the actions taken to address any pay gaps. On engagement, Bank Negara Indonesia has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.

There is no evidence that Bank Negara Indonesia discloses a target to reach net-zero financed emissions by 2050. Moreover, no evidence of an approach to fossil fuels, which covers the entire fossil fuel value chain and all of the financial institution’s financing activities, was found in the public domain. This could include the amount or share of finance directed towards fossil fuels. Additionally, the financial institution has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on alignment with the Paris Agreement. It could also clarify the amount of financing activities directed towards climate solutions, as this is currently unclear. Regarding nature and biodiversity, Bank Negara Indonesia has an opportunity to commit to minimising its negative impacts.

Bank Negara Indonesia states that it is committed to respecting human rights, but has an opportunity to place this statement in a public policy document. Moreover, the financial institution has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. While the financial institution provides a grievance mechanism to raise human rights, as well as bribery and corruption, concerns or complaints it should specify that the complainant has the choice to identify themselves or remain anonymous. In terms of transparency on financial inclusivity, Bank Negara Indonesia has an opportunity to disclose the amount of finance directed towards usually excluded groups or low-income developing countries.