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Bank Rakyat Indonesia (BRI)Indonesia

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Last update: 2024-04-16 12:10:19
Bank Rakyat Indonesia's head office in Jakarta. Photo: Lofor via Wikimedia (CC BY-SA 3.0)

Active

This profile is actively maintained
Last update: 2024-04-16 12:10:19
Bank info
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About
Website http://www.bri.co.id/
Headquarters
Jl. Jenderal Sudirman Kav.44-46
10210 Jakarta
Indonesia
CEO/chair Sunarso
President Director
Supervisor
Bank Indonesia
Ownership
listed on ISE

Bank Rakyat Indonesia's majority shareholder is the Indonesian Government (53.19%, as of Dec 31st 2023). The bank's complete shareholder structure can be accessed here.

Bank Rakyat Indonesia (BRI) was founded in 1895. It is Indonesia's oldest bank and was initially named De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden, during Dutch colonial rule. It became known as Bank Rakyat Indonesia after the country's independence. It operates a full range of banking services, giving special focus towards micro, small and medium entreprises. The bank is majority-owned by the Indonesian government.

Sustainability
Commitments
Policies
Voluntary standards

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

Links

Corporate social responsibility

Bank Rakyat Indonesia does not have any publicly available bank policies.

Bank Rakyat Indonesia (BRI) has committed itself to the following voluntary standards:
Global Reporting InitiativeTags: sustainable development | human rights
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Dodgy Deals

Bank Rakyat Indonesia (BRI) 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 Rakyat Indonesia (BRI)'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

Asian banks falling behind in implementation of UN Human Rights Principles, new BankTrack benchmark shows

New benchmark of 18 Asian banks shows human rights performance below the global average
2022-04-05 | Nijmegen | BankTrack
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
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks funnelled over USD 150 billion into companies driving deforestation since Paris Agreement, new data analysis shows

First-ever database reveals true scope of financing of forest-risk commodity companies, amidst global rainforest fires
2020-09-01 | San Francisco | BankTrack, Forests & Finance, 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
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

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

Annual report 2023

Annual report
2024-04-16 00:00:00 | Bank Rakyat Indonesia

CSR report 2023

Annual report
2024-04-16 00:00:00 | Bank Rakyat Indonesia

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 Rakyat Indonesia

Stop Burning Our Money

Report on Indonesian Banks' Funding of the Coal Industry
NGO document
2023-05-05 00:00:00 | 350.org Indonesia, #BersihkanBankmu (#CleanBanks), #BersihkanIndonesia (#CleanIndonesia)

CSR report 2021

Annual report
2022-06-07 00:00:00 | BRI

Banking Asia's Future

How to Align with National Climate Plans
Other document
2022-03-31 00:00:00 | Aviva: Asia Research and Engagement

Annual report 2021

Annual report
2022-02-08 00:00:00 | BRI

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

Annual report 2020

Annual report
2021-06-12 00:00:00 | Bank Rakyat Indonesia

CSR report 2020

Annual report
2021-04-28 00:00:00 | Bank Rakyat Indonesia

Stop Burning Our Money

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

Sustainability Bond Framework

Other bank document
2019-03-31 00:00:00 | BRI

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

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

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

Annual Report 2013

Annual report
2014-01-01 00:00:00

Sustainability Report 2013

Annual report
2014-01-01 00:00:00

Annual Report 2012

Annual report
2013-01-01 00:00:00
Accountability
Grievances

Bank Rakyat Indonesia operates a Grievance Redressal channel which can be accessed here.

This page evaluates Bank Rakyat Indonesia (BRI)'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 Rakyat Indonesia’s fossil fuel policy below.

Assessment of Bank Rakyat Indonesia's coal policy in the Coal Policy Tool
Banks and Human Rights

Banks and Human Rights

BankTrack assessed Bank Rakyat Indonesia in its 2022 Human Rights Benchmark Asia, where it achieved 1 point out of 14 and was ranked as a 'laggard'. More information is detailed in the "Accountability" section of this profile.

The BankTrack Human Rights Benchmark

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
Bank Rakyat Indonesia (BRI)
IDN
1
Laggard 1
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6 points
6.5 - 9 points
9.5 - 14 points
For more details see this page.
Banks and Nature

Banks and Nature

Bank Rakyat 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 2.7 out of 10 and ranking it as a follower. Bank Rakyat Indonesia achieved a score of 1.7 out of 10 specifically for its policies related to the beef sector and 6.6 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, Bank Rakyat Indonesia provided USD 8,035 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 Rakyat Indonesia - BRI
2022-09-21
IDN
2.7
Follower 2.7
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 Rakyat Indonesia - BRI
2022-09-21
IDN
1.7
Follower 1.7
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 Rakyat Indonesia - BRI
2022-09-21
IDN
6.6
Front runner 6.6
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.