Bank Mandiri Launch Digital Carbon Tracking Through ESG Festival

Bank Mandiri held an event themed Mandiri ESG (Environment, Social and Governance) Festival as one of its pillars of support for the transition mission towards Indonesia Net Zero Emission (NZE) 2060.

This festival is held in  a hybrid  manner as a realization of the commitment in achieving operational NZE 2030, financing emissions 2060, and empowering digipreneurship by prioritizing ESG principles.

In implementing ESG principles, Bank Mandiri applies three main pillars.

First, the pillar of sustainable operation which is implemented with various initiatives and products that are sustainable. On this occasion, Bank Mandiri officially launched Digital Carbon Tracking which was accessed through the esg.bankmandiri.co.id website.

"This initiative makes Bank Mandiri the first bank in Indonesia with the implementation of Digital Carbon Tracking. From this digital carbon footprint, we also strengthen our commitment to continue to strive to reduce ESG-based emissions that have been carried out since 2019," said Bank Mandiri President Director Darmawan Junaidi, Wednesday (12/7).

Through  this Digital Carbon Tracking  channel, all  Bank Mandiri stakeholders can directly monitor the carbon footprint generated and emissions that have been successfully reduced from Bank Mandiris central operations to the branch level.

The calculation of the operational carbon footprint of this red-plate bank is divided into three emission scopes, namely Fuel  (fuel, solar generators, coolers), Electricity (electricity)  and Bizz Travel (business travel, paper logistics, and others).

Digital Carbon Tracking will make it easier for stakeholders to monitor in real-time the amount of carbon produced and emissions successfully reduced by Bank Mandiri operationally.

The issuance  of sustainable cards issued is one of Bank Mandiris efforts in overcoming plastic waste which is one of the serious problems in Indonesia.

Second, the Sustainable Banking  pillar with a focus on accelerating Indonesias Green Economy through the development of sustainable financing and financial products. Bank Mandiri has issued Sustainability Bond 2021, Green Bond 2023, and ESG Report.

"Green Loan and Sustainability Linked Loan distribution, the launch of ESG-based mutual fund products by Mandiri Investasi (Mandiri Group) and marketed on Livin Investasi since 2021," he added.

To encourage a low-emission vehicle ecosystem, Bank Mandiri collaborates with subsidiaries, Mandiri Tunas Finance and Mandiri Utama Finance in creating an electric vehicle (EV) ecosystem through EV features in Livin Sukha and EV Promotion in Livin and Kopra until August 2023.

The third pillar is Sustainable Beyond Banking. Bank Mandiri strives to build and instill ESG awareness, both for internal, customer, and all stakeholders.

"Mandiri ESG Festival is a delivery of Bank Mandiris commitment, actions, and plans in implementing ESG principles. This activity involves thousands of participants from diverse stakeholders, from regulators, the business world, customers, to Mandirian," he continued.