Established in 1955, Bank Central Asia (BCA) is an Indian bank offering transaction banking, corporate banking, commercial and small & medium enterprise (SME) banking, individual banking, and treasury and international banking. Headquartered in Jakarta, India, it serves over 31 million customers with its 1,242 branches, 18,065 ATMs, and 23,952 employees.
In terms of senior leadership accountability, the responsibility for sustainability issues within Bank of Central Asia lies with the board of directors. The bank identified and prioritised its impacts through a materiality assessment process which included feedback from external stakeholders. The bank publicly commits to gender equality and women’s empowerment and has gender-balanced representation among its senior leadership roles where 43% are women.
Bank Central Asia discloses the key companies it has identified as priorities to engage with on climate change, and the rationale for choosing these priorities. The bank discloses the aggregate amount and share of finance it devotes to climate solutions while specifying what these solutions are. In addition, the bank is committed to minimising its negative impacts on nature and biodiversity and discloses its process for identifying its nature- and biodiversity-related impacts across all its financing activities.
Bank Central Asia has a publicly available policy statement committing it to respect human rights and a policy statement committing it to respect the ILO core labour rights. The bank has a grievance mechanism accessible to all workers, external individuals and communities to raise human rights complaints or concerns. The bank also discloses the amount of finance it directs towards small- and medium-sized enterprises.
In terms of its approach to senior leadership accountability, there is no evidence that Bank Central Asia links the remuneration of its executive or management teams to sustainability performance criteria. The bank has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.
There is no evidence that the Bank Central Asia discloses a target to reach net-zero financed emissions by 2050. The bank could disclose alignment with the Paris Agreement as one of its engagement priorities with companies to which it provides financial services. Additionally, it could disclose that it collectively engages with companies to which it provides financial services on the topic of alignment with the Paris Agreement. No evidence was found regarding the banks approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels, or its stance on financing companies with new fossil fuel projects.
There is no evidence that the bank describes the process for identifying its human rights risks and impacts through its relevant financing activities. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses or low-income developing countries.
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Net income: IDR 31.44 trillion; Total assets: IDR 1.23 quadrillion