Task Force on
Climate-related Financial Disclosures (TCFD)
Bank Mandiri and Commitment to Sustainable Finance: Embracing Responsible and Sustainable Governance, Strategy, Risk Management, Metrics and Targets.
- In the credit granting process, Bank Mandiri has implemented Environmental and Social Risk Management (ESRM) from the pre-screening process (due diligence), loan analysis, legal & compliance review, loan approval to the monitoring process.
- In the Pre-Screening phase, Bank Mandiri has specific criteria related to ESG aspects that need to be specifically considered in each sector, outlined in the Industry Acceptance Criteria (IAC). Currently, Bank Mandiri has 12 priority sectors including Palm Oil, Energy and Water, FMCG, Mining (Metals and Coal), Construction, Pulp & Paper, Telecommunications, Transportation, Other Transport Industries (Shipbuilding), Pharmaceuticals and Health Services, and Oil and Gas.
- Bank Mandiri is committed to not providing financing for business activities that have a negative impact on the environment and society (Chapter 3).
- Bank Mandiri has a Business Continuity Management (BCM) actively designing a Business Continuity Plan (BCP) to early identify and take initial steps related to climate risks or force majeure.
- Bank Mandiri has identified the impact of transition risks and physical risks on the Bank’s performance, attached to the Initial Phase Bottom-up Climate Risk Stress Test (CRST) in 2023.