JAKARTA – PT Bank Tabungan Negara (Persero) Tbk (BBTN) has once again made strides in sustainable finance, receiving an “Excellent” rating from Sustainable Fitch for its Sustainable Finance Framework (SFF).

This recognition was given through a Second Party Opinion (SPO) and highlights that BBTN’s framework aligns with sustainable finance principles in supporting environmentally and socially beneficial projects.

Sustainable Fitch awarded the “Excellent” rating to BBTN’s SFF due to its compliance with various international standards, including the Green Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines published by the International Capital Market Association.

“We expect BBTN’s green projects to contribute to climate change mitigation in sectors such as energy, transport, and real estate. In addition, BBTN’s social projects aim to provide affordable housing for low-income communities (MBR), create jobs, and improve access to drinking water in areas with limited infrastructure,” said Sustainable Fitch in a written statement on Saturday (22/2).

Nixon LP Napitupulu, CEO of BBTN, expressed that this recognition serves as motivation for BBTN to continue supporting sustainable development in Indonesia.

“As a market leader in financing homes for MBR, BBTN is committed to supporting the three million homes programme initiated by President Prabowo Subianto,” said Nixon in his statement on Saturday (21/2). (DK/KR/ZH)