Bank Rakyat Indonesia (Persero) Tbk PT
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Bank Rakyat Indonesia (Persero) Tbk PT, commonly known as BRI, is one of the largest banks in Indonesia, with a strong focus on retail banking. BRI was established in 1895 as De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden, and later renamed as Bank Rakyat Indonesia in 1946. The bank was nationalized in 1965 and became a state-owned enterprise. Today, BRI has over 10,000 branches and outlets across Indonesia, serving millions of customers.
BRI's mission is to provide financial services to the people of Indonesia, especially those in the rural areas and micro, small, and medium enterprises (MSMEs). The bank's vision is to become the leading and most trusted bank in Indonesia, with a strong commitment to sustainability and social responsibility.
Decarbonisation is a key priority for BRI, as the bank recognizes the urgent need to address climate change and reduce greenhouse gas emissions. BRI has set a target to reduce its carbon footprint by 30% by 2030, and to achieve carbon neutrality by 2050. To achieve this goal, BRI is implementing a range of measures, including energy efficiency improvements, renewable energy adoption, and sustainable transport.
Corporate energy is another area of focus for BRI, as the bank seeks to reduce its dependence on fossil fuels and transition to cleaner sources of energy. BRI has implemented a number of energy efficiency measures in its buildings and branches, such as LED lighting, HVAC upgrades, and smart building systems. The bank has also invested in renewable energy, such as solar PV systems, to generate clean electricity for its operations.
Corporate power purchase agreements (PPAs) are a key strategy for BRI to accelerate its transition to renewable energy. PPAs allow BRI to purchase electricity directly from renewable energy projects, such as wind and solar farms, at a fixed price over a long-term contract. This provides BRI with a reliable and cost-effective source of renewable energy, while also supporting the development of new renewable energy projects in Indonesia.
Renewable energy is a critical component of BRI's sustainability strategy, as the bank recognizes the importance of reducing its carbon footprint and supporting the transition to a low-carbon economy. BRI has invested in a number of renewable energy projects, such as solar PV systems and small hydropower plants, to generate clean electricity for its operations. The bank has also provided financing for renewable energy projects, such as wind farms and geothermal power plants, to support the development of Indonesia's renewable energy sector.
In addition to its focus on decarbonisation, corporate energy, corporate PPAs, and renewable energy, BRI is also committed to social responsibility and community development. The bank has a range of programs and initiatives to support MSMEs, women entrepreneurs, and rural communities, such as microfinance, financial literacy, and community development projects. BRI also has a strong focus on digital innovation and financial inclusion, with a range of digital banking services and mobile apps to serve its customers.
Overall, Bank Rakyat Indonesia (Persero) Tbk PT is a leading bank in Indonesia with a strong commitment to sustainability and social responsibility. The bank's focus on decarbonisation, corporate energy, corporate PPAs, and renewable energy reflects its recognition of the urgent need to address climate change and transition to a low-carbon economy. BRI's investment in renewable energy projects and support for the development of Indonesia's renewable energy sector is a positive step towards a more sustainable future.