Business Update
Ministry of Environment - BI Push Practice Green Banking
December 20, 2010
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The agreement will be valid for 3 years was motivated by the growing awareness of the world to apply the principles of sustainable development in various industries, including banking industry. The scope of coordination include the preparation of legal instruments, the provision of information, organization of education and socialization, as well as joint research.
The principle of sustainable development to ensure that the development should be balanced between economic, social, and environmental preservation (profit, people, planet). Agreement on Green Banking is in line with the strategic decisions of international meeting on Climate Change in Cancun, Mexico last week about the formation of the green climate fund. In this context, financial institutions, banking became an important pillar in the mainstream of sustainable development, added Gusti Muhammad Hatta.
Government through Act. 32 of 2009 on the Protection and Environmental Management to accommodate the environment of economic instruments in order to be considered in the context of the economy. Currently being prepared Draft Regulation Governments. One of those instruments related to the Financial Institution System is environmentally friendly.
Meanwhile, Darmin explained, Banking Green practices is a form of active contribution banking on safeguards and environmental management. Bank Indonesia as the banking authorities also have made significant steps forward related to environmental issues. Green Banking Policy which will soon be launched as Bank Indonesia Regulation will ensure the bank as a financial institution to consider the principles of sustainable development and improve the ability to manage credit risks that impact on the environment, describes Darmin again.
source: swa.co.id
