| Website | https://bankmandiri.co.id/ |
| Headquarters |
Plaza Mandiri, Jl. Jend. Gatot, Subroto Kav. 36-38
12190 Jakarta
Indonesia
|
| CEO/chair |
Darmawan Junaidi CEO |
| Supervisor | |
| Ownership |
listed on Bursa Efek Indonesia
Bank Mandiri is majority owned by the Indonesian government (52.53%). The bank's complete shareholder structure can be accessed here. |
Bank Mandiri, headquartered in Jakarta, is one of Indonesia's largest commercial banks. The bank was founded in 1998 as the result of a merger of four state-owned banks: Bank Bumi Daya, Bank Dagang Negara, Bank Exim and Bapindo. The bank offers services in retail, corporate and commercial banking. It also has major subsidiaries that provide Islamic banking, investment banking, micro-banking and insurance services.
Bank Mandiri's most important sustainability commitments can be found at the website sections listed below.
Bank Mandiri is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Bank Mandiri's link to these deals.
Bank Mandiri does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.
This page evaluates Bank Mandiri's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Bank Mandiri’ fossil fuel policy below.
BankTrack assessed Bank Mandiri in its 2022 Human Rights Benchmark Asia, where it achieved 0.5 points out of 14 and was ranked as a 'laggard'. More information is detailed in the "Accountability" section of this profile.
Bank Mandiri's policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 4.3 out of 10 and ranking it as a front runner. Bank Mandiri achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 5.9 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, Bank Mandiri provided USD 9,492 million in credit to companies operating in these forest-risk sectors. For more information, see the links below.
A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
