BCA Bank, Stop Funding Your Coal Mining!
BCA's CEO, Jahja Setiaatmadja, stated in March 2024 that BCA will not reduce existing coal loans, but may hold back on new loans.
BCA’s Commitment to Clean, Coal-Free Financing?
Green Credit Target of 8% in 2024
BCA targets lending to the sustainable sector to grow by 8% in 2024
Rp128T Sustainable Portfolio
Investments in green bonds and sustainability-linked loans reached Rp 198 trillion as of June 2024.
Purchase of BCA Carbon Units
On the launch day of the Indonesia Carbon Exchange (October 2023), BCA purchased 71,500 tons of CO2 carbon units.
BCA’s Involvement in Coal Projects
BCA is part of a syndicate of five national banks that will finance the construction of the Adaro Group's aluminum smelter project, which uses a captive coal-fired power plant in North Kalimantan. The contract was signed in May 2023.
BCA's lending to the coal industry reached US$ 344 million and Rp 2.7 trillion in the 2016-2023 period.
Getting in on the Action
Call on BCA to Stop Funding Coal!
Send a tweet to Bank BCA to stop funding coal and switch to funding clean energy in Indonesia!
BNI Bank
The ‘Still Banking on Coal’ report issued by think thank Urgewald (2024) shows that the increase in BNI financing in the coal sector reached 410%.
Bank Mandiri
Bank Mandiri leads a syndicate of five domestic banks financing Adaro Group's aluminium smelter project using captive power plants in northern Kalimantan.
Financial Services Authority
OJK still includes captive power plant financing in the Taxonomy for Indonesian Sustainable Finance (TKBI) document.
BRI Bank
BRI Managing Director Sunarso stated that the company will limit coal loans at WEF 2022. Until 2023, Bank BRI is still the top 3 bank financing this dirty sector!