Source file signed link, expires in 15 minutes
Extracted text 9
Page 1
REPORT ON ALLOCATION
AND IMPACT OF PHASE I
REPORT ON ALLOCATION AND IMPACT OF PHASE I SUSTAINABILITY SUKUK ISSUANCE YEAR 2024
Sustainability Sukuk Issuance Year 2024
PT Bank Syariah Indonesia (Persero) Tbk
Headquarter
Gedung The Tower
Jl. Gatot Subroto No. 27
Kelurahan Karet Semanggi,
Kecamatan Setiabudi,
Jakarta Selatan 1293
Contact
BSI Call - 14040
Phone. 62081584114040
contactus@bankbsi.co.id
Facebook: Bank Syariah Indonesia
Instagram: @banksyariahindonesia
Youtube: Bank Syariah Indonesia
Twitter: bankbsi_id
PT Bank Syariah Indonesia (Persero) Tbk
Page 2
INTRODUCTION TABLE OF CONTENTS
PT Bank Syariah Indonesia (Persero) Tbk (BSI), as the largest Islamic bank in
Indonesia, has established its commitment to becoming a leading catalyst within
the sustainable finance ecosystem. BSI believes that inclusive economic growth
cannot be separated from responsibility toward environmental preservation and 2 Introduction
social empowerment. This conviction represents a concrete manifestation of the
Maqashid Sharia values that serve as BSI’s foundation in balancing economic
aspects (profit), care for people, and protection of the planet in order to create
long-term benefits for future generations.
The issuance of Sustainability-Based Mudharabah Sukuk I BSI Phase I Summary of Framework and Issuance of BSI
4
(Sustainability Sukuk Phase I) amounting to Rp3 trillion in June 2024 marked a Sustainability Sukuk
tangible strategic step by BSI in accelerating the transition toward a low-carbon
economy in Indonesia. This initiative was comprehensively designed in reference
to Financial Services Authority Regulation (POJK) No. 18 of 2023. Through this
instrument, BSI successfully mobilized capital from the financial market to be
productively channelled into various priority projects under both Environmentally
Sustainable Business Activities (KUBL) and Socially Sustainable Business Activities 9 Allocation Report
(KUBS).
In its implementation, BSI has integrated Environmental, Social, and Governance
(ESG) principles into the core of its business strategy. This commitment is reflected
in BSI’s role as a strategic partner for customers, including those in key sectors
undertaking decarbonization and transformation toward sustainable operations.
Through the provision of innovative financial solutions, BSI actively contributes 12 Impact Report
to reducing the national carbon footprint in alignment with Indonesia’s Net Zero
Emission vision.
This Sustainability Sukuk Phase I Report has been prepared as a manifestation of
BSI’s transparency, accountability, and professionalism toward all stakeholders. It
comprehensively outlines the realization of fund allocation and the positive impacts
generated, ranging from the acceleration of renewable energy development
16 Conclusion
to the strengthening of Sharia Micro, Small, and Medium Enterprises (MSMEs).
Embracing the spirit of New Energy for Indonesia, BSI remains committed to
strengthening its strategic role in advancing sustainable finance practices that
deliver lasting value to all segments of society.
17 Appendix
REPORT ON ALLOCATION AND IMPACT OF PHASE I SUSTAINABILITY SUKUK ISSUANCE YEAR 2024
2 PT BANK SYARIAH INDONESIA (PERSERO) TBK 3
Page 3
SUMMARY OF FRAMEWORK AND
ISSUANCE OF BSI SUSTAINABILITY SUKUK
A. BSI Sustainability Sukuk Framework B. BSI Sustainability Sukuk Project Evaluation and Selection Process
BSI has developed a comprehensive Sustainability Sukuk Framework as the foundation for the BSI implements a rigorous selection mechanism through a two-step approach to maintain the
issuance of Sustainability Sukuk Phase I. This framework not only complies with Financial Services quality of the portfolio, as outlined below:
Authority Regulation (POJK) No. 18 of 2023 but has also undergone an external review (Second Party
Opinion) by the SDGs Hub of Universitas Indonesia, which provided an “Environmentally Friendly/
The eligibility assessment
Sustainable” opinion. This ensures that each financed project meets accountable green and social for new financing is
qualification standards. Financing Determination Project Selection and processed in accordance
by Relevant Business Units Evaluation Process with the Bank’s internal
policies based on
The following is a summary of the Sustainability Sukuk Framework: financing segmentation.
The relevant business units conduct an Projects that pass the initial selection are verified
initial screening of both existing and new and evaluated by the Business Committee (Kombis).
Use of Proceeds
financing portfolios to ensure alignment with This committee is responsible for establishing
the criteria for Environmentally Sustainable parameters in reference to POJK No. 18 of 2023
Business Activities (KUBL) or Socially and verifying project eligibility in accordance with
Environmentally Sustainable Socially Sustainable Business Sustainable Business Activities (KUBS). the Bank’s internal parameters and policies. The
committee ensures that no projects deviate from
Business Activities (KUBL) Activities (KUBS) 1. KUBL Portfolio sustainability principles.
Corporate Financing
2. KUBS Portfolio
Renewable Energy Affordable Basic Infrastructure Corporate, Commercial, Consumer, Small
Services in Terms of Access and Cost and Medium Enterprises (SME), and Micro
Financing
Energy Efficiency
Access to Essential Services The selection mechanism provides dual assurance for investors. BSI ensures that all project portfolios
Pollution Prevention and Control meet environmental eligibility criteria and are free from non-halal elements (such as gambling,
weapons, or alcohol). This approach not only complies with Sharia principles but also mitigates
Affordable Housing reputational and business risks.
Sustainable Management of Living
Natural Resources & Land Use
Conservation of Terrestrial and
Job Creation C. Management of Proceeds from the Issuance of BSI Sustainability Sukuk
Aquatic Biodiversity
The management of proceeds from the issuance is conducted through a centralized management
Environmentally Friendly Food Security and Sustainable Food mechanism to ensure accurate allocation. BSI implements cross-functional coordination involving
Transportation Systems
three (3) work units to ensure that the funds are managed prudently, as outlined below:
Sustainable Water and Wastewater Treasury and Global Market Corporate Finance Accounting Operations Development Group
Management Socio-Economic Improvement and Group Group
Empowerment
Climate Change Adaptation Acts as the liquidity manager, Responsible for financial Performs the execution function
ensuring the availability of recording accountability, for profit and principal payments
adequate underlying assets for including profit calculation and to sukuk holders through KSEI in
KUBL and KUBS until maturity periodic provision establishment. a timely manner.
and managing cash flows for
Products that Reduce Resource Use
profit distribution payments.
and Generate Less Pollution
Green Buildings
REPORT ON ALLOCATION AND IMPACT OF PHASE I SUSTAINABILITY SUKUK ISSUANCE YEAR 2024
4 PT BANK SYARIAH INDONESIA (PERSERO) TBK 5
Page 4
D. BSI Sustainability Sukuk Reporting Social Category
KUBS Type Indicator
Allocation Report
BSI will publish a Sustainability Sukuk report annually, no later than one year after the proceeds from Affordable Basic Infrastructure Services in Number of households with access to road networks,
Terms of Access and Cost electricity, water, and sanitation services.
the first issuance are obtained by BSI, in order to provide transparency to investors and regulators
regarding the implementation of the Framework. Access to Essential Services 1. Number of public service facilities financed.
2. Number of people with access to affordable healthcare
services.
Impact Report 3. Number of community facilities financed.
BSI will publish environmental and/or social impact reports of eligible assets financed by the issued 4. Number of students supported.
Sustainability Sukuk. The quantitative positive impacts presented in the BSI Sustainability Sukuk Affordable Housing Number of low-income community groups receiving
report include the following indicators: financial assistance for affordable housing financing.
Job Creation and Programs Designed to 1. Number of MSMEs financed.
Green Category Prevent and/or Reduce Unemployment, 2. Number of MSME workers financed.
Including Small, Medium, and Micro Enterprise 3. MSME financing portfolio based on sector distribution.
KUBL Type Indicator Financing
Renewable Energy 1. Estimated renewable energy generation per year in MWh/GWh (electricity). Food Security and Sustainable Food Systems 1. Amount of land area in km² and percentage of land or
2. Estimated annual greenhouse gas emissions reduced/avoided in tons of area growth used for agriculture or environmentally
CO₂ equivalent. friendly food supply activities.
3. Installed renewable energy capacity in MW. 2. Number of MSMEs in the sustainable and/or
environmentally friendly food processing and
Energy Efficiency 1. Estimated energy savings per year in MWh/GWh (electricity) and GJ/TJ management sector.
(other energy).
2. Estimated annual greenhouse gas emissions reduced/avoided in tons of Socio-Economic Improvement and Number of MSMEs or individuals financed through the KUR
CO₂ equivalent. Empowerment program.
Pollution Prevention and Amount of waste (tons or m³) prevented, reduced, recycled, and reused. Other Socially Sustainable Business Activities Providing positive social impact in accordance with POJK
Control parameters or other relevant provisions.
Sustainable Management 1. Estimated number of hectares protected and/or certified.
of Living Natural Resources 2. Estimated number of trees planted in reforestation projects certified by E. Issuance of BSI Sustainability Sukuk
and Land Use FSC/PEFC.
Conservation of Terrestrial 1. Estimated number of marine miles protected and/or certified. PT Bank Syariah Indonesia Tbk (BSI) issued the Sustainability-Based Mudharabah Sukuk I Bank
and Aquatic Biodiversity 2. Estimated number of hectares acquired/protected and certified.
BSI Phase I 2024 (Sustainability Sukuk Phase I) on June 14, 2024, with a total principal amount of
Environmentally Friendly 1. Estimated annual greenhouse gas emissions reduced/avoided in tons of Rp3,000,000,000,000 (three trillion Rupiah), consisting of 3 (three) maturity series: Series A with a
Transportation CO₂ equivalent.
2. Number of environmentally friendly vehicles launched. tenor of 370 days, Series B with a tenor of 2 years, and Series C with a tenor of 3 years.
3. Estimated kilometres of railway lines/special bus lanes, BRT corridors, LRT
corridors, and new or improved bicycle lanes. The issuance of the Sustainability Sukuk marked several milestones for BSI, including the following:
Sustainable Water and 1. Reduction in water consumption in economic activities. • The first Sustainability Sukuk issuance conducted by a bank in Indonesia.
Wastewater Management 2. Wastewater treated in accordance with appropriate standards; percentage • BSI’s Sustainability Sukuk attracted strong investor interest during the bookbuilding process, as
of total waste prevented, minimized, reused, or recycled.
3. Absolute amount of annual water usage before and after project evidenced by an oversubscription of 3 (three) times.
implementation.
4. Number of people with access to clean drinking water.
Climate Change Adaptation Number of new facilities, systems, and equipment used to support climate
resilience.
Products that Reduce 1. Amount of waste recycled.
Resource Use and Generate 2. Estimated annual greenhouse gas emissions reduced/avoided in tons of
Less Pollution (Eco-efficient) CO₂ equivalent.
3. Number of environmentally friendly buildings with green building
certification.
Green Buildings that Meet 1. Estimated annual greenhouse gas emissions avoided/reduced in tons of
National, Regional, or CO₂ equivalent.
International Standards or 2. Percentage of energy use reduced/avoided.
Certifications
REPORT ON ALLOCATION AND IMPACT OF PHASE I SUSTAINABILITY SUKUK ISSUANCE YEAR 2024
6 PT BANK SYARIAH INDONESIA (PERSERO) TBK 7
Page 5
ALLOCATION REPORT
Structure of BSI Sustainability Sukuk BSI has fully realized and allocated one hundred percent (100%) of the proceeds from the Sustainability
Sukuk issuance amounting to Rp3 trillion as of December 31, 2025. The total proceeds from the Sustainability
Instrument Name : Sustainability-Based Mudharabah Sukuk I Bank BSI Phase I 2024 Sukuk issuance have been distributed to 3 (three) out of 10 (ten) categories of Environmentally Sustainable
Business Activities (KUBL) and 4 (four) out of 6 (six) categories of Socially Sustainable Business Activities
Contract : Mudharabah
Structure
(KUBS) based on the BSI Sustainability Sukuk issuance Framework, which refers to the provisions of
Financial Services Authority Regulation (POJK) No. 18 of 2023 concerning the Issuance and Requirements
Currency : Issued in Rupiah of Sustainability-Linked Debt Securities and Sukuk, issued on October 10, 2023.
Total Issuance : Rp3,000,000,000,000 (three trillion Rupiah)
The detailed allocation of the use of proceeds from the Sustainability Sukuk issuance is as follows:
Series Tenor Maturity Date Coupon Value Status
2%
A 370 days June 24, 2025 6.65% Rp1.70 Trillion Matured
B 2 years June 14, 2026 6.70% Rp0.22 Trillion Existing
C 3 years June 14, 2027 6.80% Rp1.08 Trillion Existing
40% Financing
Rating 60% Sustainability Segment
: idAAA(sy) Pefindo Final Rating
Category 40% 33%
Category
Use of Proceeds : Financing distribution for Environmentally Sustainable Business Activities (KUBL) and
Socially Sustainable Business Activities (KUBS)
Listing : Indonesia Stock Exchange (PT Bursa Efek Indonesia) 25%
Environmentally Socially Corporate Commercial
Sustainable Sustainable
Business Activities Business Activities Small and Medium Micro
Enterprise (SME)
The portfolio composition is dominated by Socially Sustainable Business Activities (KUBS) at 60%. This is
aligned with BSI’s business characteristics, which focus on economic empowerment and strengthening
the Micro, Small, and Medium Enterprises (MSME) sector. A portion of 40% is allocated to Environmentally
Sustainable Business Activities (KUBL), which are focused on strategic corporate projects with significant
impact on emission reduction, such as renewable energy and industrial operational efficiency.
The details of the distribution by financing segment based on the Sukuk underlying are prepared in
reference to the business activity categories under POJK No. 18 of 2023 for the reporting period position
as of 2025, as described below:
In Rupiah
Socially Sustainable Business Activities (KUBS)
A. 1. Access to Essential Services 895,083,613,852 49.5%
2. Job Creation and Programs Designed to Prevent and/or Reduce 674,864,287,220 37.3%
Unemployment, including Small, Medium, and Micro Enterprise Financing
3. Food Security and Sustainable Food Systems 167,910,290,972 9.3%
4. Socio-Economic Improvement and Empowerment 69,271,582,364 3.9%
Total KUBS 1,807,129,774,408 100.0%
In Rupiah
Environmentally Sustainable Business Activities (KUBL)
B. 1. Products that Reduce Resource Use and Generate Less Pollution (Eco- 808,638,615,179 67.8%
Efficient)
2. Renewable Energy 361,192,491,963 30.3%
3. Sustainable Water and Wastewater Management 23,039,118,450 1.9%
Total KUBL 1,192,870,225,592 100.0%
REPORT ON ALLOCATION AND IMPACT OF PHASE I SUSTAINABILITY SUKUK ISSUANCE YEAR 2024
8 PT BANK SYARIAH INDONESIA (PERSERO) TBK 9
Page 6
The details of financing distribution in reference to the Sustainable Development Goals (SDGs) and the Sustainable Development Goals
Eligible Financing Categories Funded by the Bank
(SDGs) Alignment Key
BSI Sustainability Sukuk Framework are as follows:
Food Security and Sustainable Food Systems
Sustainable Development Goals Financing distribution in the Commercial and Small and Medium
Eligible Financing Categories Funded by the Bank
(SDGs) Alignment Key
Enterprise (SME) segments under a Musyarakah contract aimed at
Products that Reduce Resource Use and Generate Less Pollution (Eco- supporting food security and sustainable food systems. Financing
Efficient) recipients include food processing companies and food trading
companies.
Financing distribution in the Corporate segment under a Musyarakah
contract for industries that have generated less pollution (eco-efficient) Socio-Economic Improvement and Empowerment
through the introduction of environmentally friendly products with
eco-labels or environmental certifications, as well as resource-efficient Financing distribution in the Commercial, Small and Medium Enterprise
packaging and distribution. Financing recipients include paper (SME), and Micro segments under a Musyarakah contract aimed at
processing companies and fertilizer industries that have implemented ensuring equitable access to and control over assets, services, resources,
resource efficiency technologies and minimized waste in accordance with and opportunities, as well as equal participation and integration in
environmental threshold standards. markets and society. Fund allocation is prioritized for micro, small, and
medium enterprise needs.
Renewable Energy
Financing distribution in the Corporate segment under a Musyarakah
contract for renewable energy power generation industries. Financing
recipients include hydroelectric power generation companies.
Sustainable Water and Wastewater Management
Financing distribution in the Corporate segment under a Musyarakah
contract for sustainable water and wastewater management industries.
Financing recipients include water treatment and drinking water supply
companies.
Access to Essential Services
Financing distribution in the Commercial and Small and Medium
Enterprise (SME) segments under a Musyarakah contract aimed
at equitable access to healthcare, medical services, and business
activities related to education. Financing recipients include hospitals,
foundations operating in the healthcare sector, pharmaceutical and
medical equipment companies, universities, community empowerment
foundations, Islamic boarding schools (pesantren), and educational
institutions.
Job Creation and Programs Designed to Prevent and/or Reduce
Unemployment, Including Small and Medium Enterprise Financing
Financing distribution in the Commercial, Consumer, and Small and
Medium Enterprise (SME) segments under a Musyarakah contract aimed
at job creation and reducing unemployment.
REPORT ON ALLOCATION AND IMPACT OF PHASE I SUSTAINABILITY SUKUK ISSUANCE YEAR 2024
10 PT BANK SYARIAH INDONESIA (PERSERO) TBK 11
Page 7
IMPACT REPORT
The estimated environmental and social impacts of eligible financing, including those financed from the %
Financing Composition Financing
proceeds of the Sustainability Sukuk issuance, are described as follows: No. Description & Impact Indicators
Category of Sukuk Segment
Underlying
% 3. Food Security 5.60% Financing Financing distribution in the SME segment under
Financing Composition Financing and Sustainable in the Small a Musyarakah contract, particularly for customers
No. Description & Impact Indicators
Category of Sukuk Segment Food Systems and Medium engaged in food supply and food processing
Underlying Enterprise activities.
1. Access to 29.84% Financing Disbursement of financing to the Commercial and (SME) segment a. Livestock, fisheries, and food processing
Essential Services in the Small and Medium Enterprise (SME) segments under a industry land area and production capacity as of
Commercial under the Musyarakah contract, particularly for Musyarakah December 2025 are as follows:
and Small business activities involving the provision of (1) contract 1) Egg-laying poultry farm with land area of
and Medium healthcare access and (2) education. approximately 7 hectares or equivalent to 0.07
Enterprise km² located in West Sumatra Province, with
(SME) The results of the fund disbursement can be estimated production capacity of 1.2 tons per
segments presented as follows: month.
under a a. The number of public service facilities receiving 2) Cooking oil processing facility with land area
Musyarakah financing amounted to 134 institutions, of approximately 10 hectares or equivalent
contract consisting of: to 0.1 km² located in East Java Province, with
• Education services: 64 institutions, including estimated production capacity of 72,000 litres
kindergarten, elementary school, MTs, junior of cooking oil per production batch.
high school, senior high school, higher b. The number of MSMEs is estimated at more
education institutions, and other forms of
than 100 MSMEs related to the sustainable food
educational facilities.
• Healthcare services: 70 institutions, including management sector.
hospitals, clinics, and other forms of 4. Socio-Economic 2.31% Financing a. Financing distribution in the Micro segment
healthcare facilities.
Improvement in the Micro through BSI Micro Business (BUM) financing
b. The number of people with access to affordable
healthcare services is estimated at 1,816,692 and segment under and People’s Business Credit (KUR) under a
people per year. Empowerment a Musyarakah Musyarakah contract.
c. The number of students or beneficiaries contract b. Distribution to 442 beneficiaries consisting of
receiving educational facilities assistance as of 142 NOA BSI Micro Business (BUM) and 300 NOA
December 2025 is estimated at 74,403 students. People’s Business Credit (KUR) financing.
2. Job Creation 22.50% Financing Disbursement of financing to the Commercial and
and Programs in the Small and Medium Enterprise (SME) sectors under
Designed to Commercial the Musyarakah contract for business activities that
Prevent and/ and Small create employment opportunities in the agriculture,
or Reduce and Medium processing, trade, and service sectors, with the
Unemployment, Enterprise following details:
Including Small, (SME) a. Fund disbursement was provided to 230 MSMEs.
Medium, and segments b. The projected number of employees hired as
Micro Enterprise under a a result of the financing disbursement as of
Financing Musyarakah December 2025 is estimated at 2,565 people. In
contract addition to direct job absorption, the financing
disbursement is also projected to generate
a multiplier effect in the form of increased
economic activity for communities surrounding
the customers’ business locations.
c. The financing portfolio allocated for job creation
and programs to prevent and/or reduce
unemployment amounted to Rp674,864,287,220,
consisting of Rp81,630,255,986 in the
Commercial sector, Rp125,512,639,279 in the
Corporate sector, and Rp467,721,391,955 in the
Small and Medium Enterprise (SME) sector.
REPORT ON ALLOCATION AND IMPACT OF PHASE I SUSTAINABILITY SUKUK ISSUANCE YEAR 2024
12 PT BANK SYARIAH INDONESIA (PERSERO) TBK 13
Page 8
% %
Financing Composition Financing Financing Composition Financing
No. Description & Impact Indicators No. Description & Impact Indicators
Category of Sukuk Segment Category of Sukuk Segment
Underlying Underlying
5. Renewable 12.04% Financing in Financing distribution to 1 (one) Small Hydropower 7. Products that 26.95% Financing in a. Financing distribution in the Corporate segment
Energy the Corporate Plant (PLTA) company and 1 (one) Medium-Scale Reduce Resource the Corporate under a Musyarakah contract for customers
segment under Hydropower Plant (PLTA) company with the Use and Generate segment under whose business processes have utilized
a Musyarakah following details: Less Pollution a Musyarakah resources and technology to generate less
contract a. Estimated renewable energy generation per (Eco-Efficient) contract pollution (eco-efficient). The distribution was
year in MWh (electricity) and estimated annual provided to 3 (three) customers operating in the
Greenhouse Gas emissions avoided in tons CO2- paper processing industry in South Sumatra and
eq, as follows: Banten Provinces, and the fertilizer industry in
1) The Small Hydropower Plant (PLTA) located in Aceh Province.
Bengkulu Province with an installed capacity b. The estimated hazardous waste generated from
of 3 x 3.33 MW. The estimated electricity the operational processes of paper processing
generated per year is 65,938 MWh. plants that is recycled amounts to 442,921 tons
2) The Medium-Scale Hydropower Plant (PLTA) per year, or 100% of the total hazardous waste
located in Bengkulu Province with an generated, consisting of 57,914 tons per year
installed capacity of 4 x 4 MW. The estimated generated by customers in South Sumatra and
electricity generated per year is 78,972 MWh. 385,007 tons per year generated by customers in
b. Estimated annual Greenhouse Gas emissions Banten).
reduced/avoided in tons CO2-eq, as follows: c. The estimated annual Greenhouse Gas
1) The Small Hydropower Plant (PLTA) located emissions that can be avoided by customers
in Bengkulu Province with estimated annual operating in the paper processing industry
greenhouse gas emissions avoided of 61,982 amount to 2,176,263 tons CO₂-eq, with the
tons CO2-eq per year. following details:
2) The Medium-Scale Hydropower Plant (PLTA) 1) The customer in South Sumatra has a
located in Bengkulu Province with estimated biomass-fuelled Steam Power Plant (PLTU)
annual greenhouse gas emissions avoided of with an installed capacity of 750 MW and
74,233 tons CO2-eq per year. is estimated to generate 2,288,088 MWh of
electricity per year. The estimated annual
The reduction in Greenhouse Gas emissions Greenhouse Gas emissions avoided amount
represents BSI’s direct contribution in supporting to 2,150,803 tons CO₂-eq.
the Indonesian Government’s Nationally Determined 2) The customer in Banten has a Solar Power
Contribution (NDC) target to reduce carbon Plant (PLTS) with an installed capacity of 21.63
emissions in the energy sector. MWp and is estimated to generate 30,310
MWh of electricity per year. The estimated
6. Sustainable 0.77% Financing in b. Financing distribution to 2 (two) companies annual Greenhouse Gas emissions avoided
Water and the Corporate engaged in clean drinking water supply system amount to 25,460 tons CO₂-eq.
Wastewater segment under business activities in South Tangerang and c. The estimated annual Greenhouse Gas
Management a Musyarakah Bekasi. emissions that can be avoided by the customer
contract c. b. The volume of water distributed is estimated operating in the fertilizer industry in Aceh
at 19,198 cubic meters per day or 222 liters per amount to 50 tons CO₂-eq. The customer has
second. a Solar Power Plant (PLTS) with an installed
d. The number of households served by the capacity of 45 kWp and is estimated to generate
drinking water supply installation is estimated 59 MWh of electricity per year. This figure
at 63,074 households. Based on this assumption, represents the scale of impact of the strategic
the installation is estimated to meet the needs industrial portfolio supported by the Bank in the
of 189,222 people. sustainability transition.
d. The estimated hazardous waste generated from
the operational processes of the fertilizer plant
that is recycled amounts to 92.24 tons per year,
or 100% of the total hazardous waste generated.
REPORT ON ALLOCATION AND IMPACT OF PHASE I SUSTAINABILITY SUKUK ISSUANCE YEAR 2024
14 PT BANK SYARIAH INDONESIA (PERSERO) TBK 15
Page 9
CONCLUSION APPENDIX
PT Bank Syariah Indonesia Tbk (BSI) fully recognizes that the integration of Appendix 1. Key Calculation Assumptions
sustainability values into the Bank’s vision and mission is the primary foundation
for resilient long-term growth. Through the preparation of this Sustainability Sukuk
Phase I Report, BSI reaffirms its commitment to implementing Environmental, KUBL/KUBS Category Project Type Data Assumptions
Social, and Governance (ESG) principles in a tangible manner to drive sustainable
Renewable Energy Small The calculation of minimum greenhouse gas emissions avoided
economic development in Indonesia. Hydroelectric uses assumptions from publicly available sources as follows:
Power Plant a. Small Hydroelectric Power Plant (PLTA) located in Bengkulu
As a key driver in the Islamic finance industry, BSI continuously transforms (PLTA) and Province uses the ESDM Electricity Emission Factor (2019) of
Medium-Scale 0.94, with estimated annual electricity generation of 65,938
to promote responsible banking practices, particularly in supporting the Hydroelectric MWh, resulting in estimated avoided greenhouse gas emissions
achievement of a low-carbon economy. This commitment is reflected not only Power Plant of 61,982 tons CO₂-eq per year.
in internal policies but also through concrete support for customers, including (PLTA) b. Medium-Scale Hydroelectric Power Plant (PLTA) located in
Bengkulu Province uses the ESDM Electricity Emission Factor
those in carbon-intensive sectors. BSI provides financial solutions that empower (2019) of 0.94, with estimated annual electricity generation of
customers to support decarbonization efforts, transform their operations 78,972 MWh, resulting in estimated avoided greenhouse gas
into environmentally friendly business models, and manage the transition to emissions of 74,233 tons CO₂-eq per year.
systematically minimize their carbon footprint. Sustainable Water Drinking Water The number of people with access to clean drinking water is based
and Wastewater Management on the number of customers recorded by the company.
Management
As a form of accountability for the funds raised through the Sustainability Sukuk
Phase I instrument, BSI ensures full transparency in the use of proceeds and Products that Operational a. A customer in the paper processing industry operating in South
Reduce Resource Efficiency Sumatra has a biomass-fuelled Steam Power Plant (PLTU)
the effectiveness of allocation to priority sectors. To ensure the credibility and
Use and Generate installation and is estimated to generate 2,288,088 MWh of
objectivity of this report, BSI has appointed the SDGs Hub of Universitas Indonesia Less Pollution (Eco- electricity per year. The ESDM Electricity Emission Factor (2019)
as an independent external reviewer. This ensures that every step taken by BSI Efficient) of 0.94 is applied, resulting in estimated avoided greenhouse
gas emissions of 2,150,803 tons CO₂-eq.
is aligned with both national and global standards, while delivering tangible
b. A customer in the paper processing industry operating in
benefits to all stakeholders and the Islamic finance ecosystem in Indonesia. Banten has a Solar Power Plant (PLTS) installation and is
estimated to generate 30,310 MWh of electricity per year. The
ESDM Electricity Emission Factor (2019) of 0.84 is applied,
resulting in estimated avoided greenhouse gas emissions of
25,460 tons CO₂-eq.
c. A customer in the fertilizer industry operating in Aceh has
a Solar Power Plant (PLTS) installation and is estimated to
generate 59 MWh of electricity per year. The ESDM Electricity
Emission Factor (2019) of 0.86 is applied, resulting in estimated
avoided greenhouse gas emissions of 50 tons CO₂-eq.
REPORT ON ALLOCATION AND IMPACT OF PHASE I SUSTAINABILITY SUKUK ISSUANCE YEAR 2024
16 PT BANK SYARIAH INDONESIA (PERSERO) TBK 17
Names mentioned 7 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Syariah Indonesia Instagram
p.1
unresolved
org
Bank Syariah Indonesia Twitter
p.1
unresolved
org
Financial Services Authority
p.2 ×2
unresolved
org
Bank BSI Phase I
p.5
unresolved
org
Indonesia Stock Exchange
p.5
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.