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Bank Negara Indonesia (BNI)Indonesia

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Last update: 2024-04-16 11:58:41
BNI's head office in Jakarta, Indonesia. Photo: Axel Drainville via Flickr (CC BY NC 2.0)

Active

This profile is actively maintained
Last update: 2024-04-16 11:58:41
Bank info
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All
About
Website http://www.bni.co.id
Headquarters
Jl. Jenderal Sudirman Kav. 1
10220 Jakarta
Indonesia
CEO/chair Royke Tumilaar
President Director
Supervisor
Indonesian Financial Services Authority (OJK)
Ownership
listed on ISE

Bank Negara Indonesia is majority owned by the Indonesian Government (60%). The bank's complete shareholder structure can be accessed here.

Bank Negara Indonesia (BNI) was formed by the Indonesia Government in 1946. In 1955, along with increased capitalization, the Bank's legal status was formally changed into that of a state-owned commercial Bank. BNI's legal status was changed in 1992 into a state-owned limited corporation with the name of PT Bank Negara Indonesia (Persero), which was manifested through public offering of its shares in 1996. The bank offers consumer, corporate, investment and private banking services.

Sustainability
Commitments
Policies
Voluntary standards

Bank Negara Indonesia's most important sustainability commitments can be found at the website sections listed below.

Links

Environmental, Social, Governance

Sustainability policy

(page 38 of 2020 CSR report)
Bank policy
2021-07-20 00:00:00 | BNI

Environmental, social and governance risk management

(page 52 of 2020 CSR report)
Bank policy
2021-07-20 00:00:00 | BNI

Environmental policy

(page 80 of 2020 CSR report)
Bank policy
2021-07-20 00:00:00 | BNI

Risk Management Policy

Bank policy
2020-01-20 00:00:00 | Bank Negara Indonesia

Corporate Governance Handbook

Bank policy
2014-09-12 00:00:00 | Bank Negara Indonesia
Bank Negara Indonesia (BNI) has committed itself to the following voluntary standards:
Global Reporting InitiativeTags: sustainable development | human rights
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Bank Negara Indonesia (BNI) 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 Negara Indonesia (BNI)'s link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Adaro’s coal spin-off: growing a climate conscience or simple greenwashing?

Indonesia’s coal giant Adaro is desperately trying to show itself as a leader in energy transition, but investors should remain cautious of reputational and financial risks.
2024-11-28 | Apekshita Varshney - Eko, Camilla Perotti – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

New reports reveal escalating financing to destructive sectors and highlight the urgent need for financial sector regulations to achieve Global Biodiversity Goals
2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK Indonesia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have not quit coal, 8 years after the Paris Agreement

Banks in China dominate global coal financing; those in Indonesia are outliers in having increased finance for coal since 2016
2024-05-03 | Nijmegen | Will O'Sullivan – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Asia’s top banks are still financing coal due to massive loopholes: report

Despite major Asian banks, namely in Singapore and Japan, announcing coal exclusions in recent years, growing captive coal power in Indonesia and lax restrictions on corporate finance to developers offer new coal financing “havens”, a study finds.
BankTrack mentioned
2024-01-23 | Eco-Business
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy
2024-01-23 | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘no deforestation’ rhetoric, major brands and banks failing to stop deforestation and human rights abuses

Annual analysis reveals that as threats facing Indigenous communities in rainforest regions increase, demand-side companies are failing to reform supply chains
2022-06-14 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Financial close on Indonesia Java 9 & 10

2020-11-13 | IJGlobal
BankTrack news BankTrack blog Partner news Partner blog

Banks are fueling deadly fires, Covid-19 threatens to compound the risks

2020-09-08 | forestsandfinance.org
BankTrack news BankTrack blog Partner news Partner blog

Major Brands and Banks Complicit in the Production of Conflict Palm Oil on Stolen Community Lands in Indonesia

2020-08-21 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report profiles major brands and banks driving deforestation and human rights abuses, failing to meet 2020 commitments

2020-03-31 | San Francisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks complicit in financing Indonesia’s illegal fire and haze crisis: report

2019-12-10 | Jikalahari, Profundo, Rainforest Action Network, WALHI
Blog
BankTrack news BankTrack blog Partner news Partner blog

Explosive reports expose illegal logging and human rights abuses by forestry giant Korindo Group

Tokyo 2020 Olympics implicated in sourcing tainted wood - Japanese and Indonesian banks found financing rainforest destruction
2018-11-11 | Jakarta | Rainforest Action Network, WALHI
BankTrack news BankTrack blog Partner news Partner blog

Indonesian government finances palm oil companies ignoring its laws

2017-06-29 | Illegal Deforestation Monitor
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report linking Nordic banks and government pension funds to Indonesia’s palm oil deforestation

Nordic investments to Asian banks support rapacious palm oil producers with financing that impedes push for sustainability
2017-05-30 | Oslo, Norway | Fair Finance Guide Norway, Fair Finance Guide Sweden, Rainforest Foundation Norway
Blog
BankTrack news BankTrack blog Partner news Partner blog

New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia

Financial sector under the spotlight in new international push to protect forests and forest communities
2016-09-06 | Singapore | Rainforest Action Network
Resources
Documents
Links

Banking on biodiversity collapse 2024

Partner publication
2024-10-16 00:00:00 | Forest and Finance Coalition

Still Banking on Coal press release

Commercial Banks Still Deep into Coal 8 Years After Paris
Partner publication
2024-05-02 00:00:00 | Urgewald

Commercial Banks Still Deep into Coal 8 Years After Paris

NGO document
2024-05-02 00:00:00 | Urgewald

CSR report 2023

Annual report
2024-04-16 00:00:00 | Bank Negara Indonesia (BNI)

Annual report 2023

Annual report
2024-04-16 00:00:00 | Bank Negara Indonesia (BNI)

Coal Havens

The banks and loopholes keeping coal finance alive in Asia
BankTrack publication
2024-01-23 00:00:00 | BankTrack

Annual report 2022

Annual report
2023-05-11 00:00:00 | Bank Negara indonesia

Annual report 2021

Annual report
2022-07-12 00:00:00 | BNI

CSR report 2021

Annual report
2022-07-12 00:00:00 | BNI

Keep forests standing 2022

Evaluating the brands and banks driving deforestation and human rights abuses
NGO document
2022-06-14 00:00:00 | Rainforest Action Network

Annual report 2020

Annual report
2021-07-20 00:00:00 | BNI

CSR Report 2020

Annual report
2021-07-20 00:00:00 | BNI

Sustainability policy

(page 38 of 2020 CSR report)
Bank policy
2021-07-20 00:00:00 | BNI

Environmental, social and governance risk management

(page 52 of 2020 CSR report)
Bank policy
2021-07-20 00:00:00 | BNI

Environmental policy

(page 80 of 2020 CSR report)
Bank policy
2021-07-20 00:00:00 | BNI

Asian Banks Continue to Finance the Palm Oil Refining Sector as Leakage Declines

NGO document
2021-06-28 00:00:00 | Chain Reaction Research

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

NGO document
2021-06-23 00:00:00 | Forests and Finance

Keep Forests Standing

Evaluating the Brands and Banks Driving Deforestation and Human Rights Abuses
NGO document
2021-04-28 00:00:00 | Rainforest Action Network

Stop Burning Our Money

National Bank's Support for the Dirty Coal Industry
Partner publication
2021-02-09 00:00:00 | 350 Indonesia

Risk Management Policy

Bank policy
2020-01-20 00:00:00 | Bank Negara Indonesia

Bank Policy Matrix

NGO document
2018-12-10 00:00:00 | Forests & Finance Coalition

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

NGO document
2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo

Nordic investments in banks financing Indonesian palm oil

NGO document
2017-05-30 00:00:00 | Rainforest Foundation Norway, FFG Sweden and FFG Norway

Protecting the Leuser Ecosystem

A Shared Responsibility
NGO document
2016-11-07 00:00:00 | Rainforest Action Network

Sustainability Report 2014

Enriching people, advancing sustainability
Annual report
2015-06-30 00:00:00 | BNI

Sustainability Report 2011

Attuned to harmony
Annual report
2015-06-30 00:00:00 | BNI

Annual Report 2014

Annual report
2015-06-30 00:00:00 | BNI

Annual Report 2013

Annual report
2015-06-30 00:00:00 | BNI

Annual Report 2012

Annual report
2015-06-30 00:00:00 | BNI

Sustainability Report 2012

Valuing Sustainability
Annual report
2015-06-30 00:00:00 | BNI

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

NGO document
2015-02-16 00:00:00 | TuK, Profundo

Corporate Governance Handbook

Bank policy
2014-09-12 00:00:00 | Bank Negara Indonesia

Sustainability Report 2013

Annual report
2014-04-08 00:00:00 | Bank Negara Indonesia

Sustainability Report 2012

Annual report
2012-12-31 00:00:00 | BNI
Accountability
Grievances

Bank Negara Indonesia does not have a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.

This page evaluates Bank Negara Indonesia (BNI)'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".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Climate

Banks and Climate

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 Negara Indonesia’s fossil fuel policy below.

Assessment of Bank Negara Indonesia's coal policy in the Coal Policy Tool
Banks and Nature

Banks and Nature

Bank Negara Indonesia'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 1.1 out of 10 and ranking it as a follower. Bank Negara Indonesia achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 1.2 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, Bank Negara Indonesia provided USD 5,642 million in credit to companies operating in these forest-risk sectors. For more information, see the links below. 

Forests & Finance

Banks and beef

Banks and palm oil

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Bank Negara Indonesia
2022-09-21
IDN
1.1
Follower 1.1
Explanation

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:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Bank Negara Indonesia
2022-09-21
IDN
0
Laggard 0
Explanation

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:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Bank Negara Indonesia
2022-09-21
IDN
1.2
Follower 1.2
Explanation

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:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.