Environmentally Friendly Credit: OJK Expands Financing Ecosystem

The Financial Services Authority maintains a stimulus policy in the form of relaxation of risk weight reduction for motor vehicle financing,

both those receiving tax relief facilities and environmentally friendly products. Among them are supporting the development of downstream industries, especially those that apply the principles of the green economy, including the processing industry that develops renewable energy. In addition, the regulator supports financing for micro, small and medium enterprises (MSMEs) who are environmentally sound and implement a green economy, expand financing to the manufacturing sector that applies green economy principles in their business operations, and expands the scope of exports of green-based industrial processing products. Regarding the development of a green economy, PT Bank Negara Indonesia (Persero) Tbk. for example, continue to encourage the potential of green banking in line with the increasing trend of green business investment. Meanwhile, PT Bank Rakyat Indonesia (Persero) Tbk. recorded a series of direct contributions from the company to green banking, one of which is by providing financing to the environmentally friendly sector. Not only that, BBRI has also contributed by complying with environmental regulations, improving environmental performance, implementing greenhouse gas calculations, and implementing the company's greenhouse gas reduction initiatives.

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