12 Februari 2025

Maybank Indonesia Wins Best Bank in Sustainable Finance Awards from Global Finance

Jakarta, February 11, 2025 – PT Bank Maybank Indonesia Tbk (Maybank Indonesia or Bank) won the award as Best Bank in Sustainable Finance in Indonesia from international media, Global Finance, at 2025 Sustainable Finance Awards.

The Sustainable Finance Awards is an award related to sustainable finance practices among corporations initiated by Global Finance – an independent media and institution headquartered in New York, USA with a network of offices in London and Milan with focuses on sustainable finance issues.

The Winners of 2025 Sustainable Finance Awards was announced on January 20, 2025 and the awarding ceremony will be held in May in London.

The Global Finance Awards is held as an appreciation to financial institutions for their contribution to sustainability initiatives for a greener future for the earth.
In the Sustainable Finance Awards 2025, Maybank Group also won global awards as the Best Bank for Sustainable Finance in Malaysia, the Best Bank for Sustainability Transparency in Asia-Pacific, the Best Bank for Sustainable Financing in Emerging Markets in Asia-Pacific and the Best Bank for Sustainable Financing in Emerging Markets Globally.

President Director Maybank Indonesia, Steffano Ridwan said the award received by Maybank Indonesia was an acknowledgment of the Bank's contribution in supporting sustainable financing in Indonesia while developing funding for environmentally friendly projects and contributions to social welfare. "Maybank Indonesia always applies sustainability principles in line with the mission of the Maybank Group, 'Humanising Financial Services'," said Steffano.

Steffano explained that Maybank Indonesia implemented the Maybank Group strategy, M25+, as an effort to achieve sustainable growth. Through the M25+ strategy, Maybank Indonesia continues to demonstrate its commitment to "Driving Leadership in the Sustainability Agenda".

This award is also a testament to Maybank Indonesia's commitment to the Maybank Group's vision to become a leader in the Environmental, Social, and Governance (ESG) sector in the ASEAN region.

According to Steffano, as part of the Maybank Group, Maybank Indonesia continues to support the Sustainable Development Goals (SDGs) by increasing its sustainable finance portfolio. During 2024, Maybank Indonesia will actively support industrial financing with environmentally friendly projects.
This is a solution to address the challenges of climate change. Together with Maybank Group, Maybank Indonesia is the first bank to introduce the Sustainable Product

Framework (SPF) and Transition Finance Framework (TFF) as part of the adoption of the Group Framework, which aims to facilitate financing for green, social, sustainable, sustainability-related, and transition products.

Maybank Indonesia's Sustainable Finance Actions actively continue to channel financing for electric vehicles, energy efficiency, and support for micro, small, and medium enterprises (MSMEs), as well as for underprivileged women.

Maybank Indonesia also issued the Risk Acceptance Criteria (RAC) policy as a guide for financing on six high-risk/sensitive ESG sectors, such as agriculture (poultry, palm oil, and general agriculture), forestry and logging, real estate, electricity, oil and gas, and mining.

Head of Sustainability Maybank Indonesia, Maria Trifanny Fransiska said that throughout 2024, Maybank Indonesia has carried out sustainable financial actions through community empowerment and improving welfare for a more inclusive and sustainable future.

Maybank Indonesia continues to spur the distribution of social financing to empower underprivileged women and support the growth of MSMEs through a partnership with Permodalan Nasional Madani (PNM), a company that focuses on improving welfare by providing access to capital, mentoring, and capacity building programs.

In 2023, Maybank Indonesia distributed financing of IDR1 trillion to PNM through the Syariah Mudharabah facility, with an additional IDR500 billion in 2024, bringing the total financing for the PNM program to IDR1.5 trillion. Maybank Indonesia also provides affordable housing financing facilities through cooperation with PT Sarana Multigriya Finansial.

In addition, Maybank Indonesia also provides credit facilities of up to IDR500 billion to support social activities including the Liquidity Facility for Housing Financing (FLPP) -- a government initiative to address housing affordability and accessibility issues, especially for low-income communities.

Meanwhile, related to community and environmental empowerment, Maybank Indonesia also supports the development of organic waste management facilities in Petung Village, Jogja, and Sanding Village, Bali through the eco-village program. In addition to economic benefits, the main function of this program is to manage waste sustainably through community empowerment and education, thereby reducing the burden of waste accumulation. "With this achievement, Maybank Indonesia will continue to be committed to strengthening its role in sustainable financing while contributing to a more inclusive and environmentally friendly future," said Maria.

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Notes to Editor

Maybank Indonesia is one of the leading banks in Indonesia and is a part of the regional and international network of the Maybank Group. Maybank Indonesia provides a comprehensive range of products and services for individual and corporate customers through Community Financial Services and Global Banking and automotive financing through subsidiaries, WOM Finance for two-wheel vehicles and Maybank Finance for four-wheel vehicles. Maybank Indonesia also continues to develop Digital Banking services and capacity through M2U (App and Web), M2E for corporate customer and other various channels.

As of September 2024, Maybank Indonesia has 318 branches, including Shariah branches spread across Indonesia, including one overseas branch in Mumbai, India; 22 Mobile Branch and 738 ATMs (including 26 Cash Recycle Machines/CRMs) connected with over 20,000 ATMs available through ATM PRIMA, ATM BERSAMA, ALTO, CIRRUS, and connected to 3,500 Maybank ATMs in Singapore, Malaysia and Brunei. Maybank Indonesia manages customer deposits amounting to Rp115.88 trillion and has total assets value of Rp189.32 trillion as of September 2024.

For More Information:
Bayu Irawan
Head, Corporate Communications
Email: ccommunications@maybank.co.id
Telp: +6221 2922-888