BNI Bank, Stop Funding Your Coal Mining!
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%.
BNI’s Commitment to Clean, Coal-Free Financing?
Pioneer of IKBI since 2018
BNI is one of eight banks that launched the Indonesian Sustainable Finance Initiative (IKBI) in May 2018.
BNI Funds Sidrap PLTB with Rp 1.6 Trillion
In May 2024, BNI financed the acquisition of the 75 MW Sidrap Wind Power Plant (PLTB) for Rp 1.6 trillion.
BNI Distributes Rp 5 Trillion in Green Bonds
BNI has distributed green bonds worth IDR 5 trillion to the renewable energy, environmentally friendly transportation, waste management, environmentally conscious buildings, and natural resource management sectors in 2023.
BNI’s Involvement in Coal Projects
BNI is the third-ranked bank in terms of financing for the coal sector. During the period 2016-2023, BNI disbursed loans totaling US$ 533.179 million and Rp 212 billion.
BNI's coal financing during the 2020-2023 period reached US$1.4 billion. This could hamper the ongoing energy transition process in Indonesia.
Getting in on the Action
Call on BNI to Stop Funding Coal!
Send a tweet to Bank BNI to stop funding coal and switch to funding clean energy in Indonesia!
BCA Bank
BCA's CEO, Jahja Setiaatmadja, stated in March 2024 that BCA will not reduce existing coal loans, but may hold back on new loans.
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!