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                                                                                                                               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
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    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
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    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
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    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
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                                                                                                                       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
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     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
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     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
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                                    %                                                                                                                %
              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

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