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Page 1
SUSTAINABILITY SUKUK
    REPORT JANUARI 2025




  PT BANK SYARIAH INDONESIA Tbk
Page 2

          
Page 3
Table of Content

  Introduction                                                                                  2



  Summary of Framework and Issuance of BSI Sustainability Sukuk                                 3



  Allocation Report                                                                             7



  Impact Report                                                                                 9



  Conclusion                                                                                    11




                                                                  Sustainability Sukuk Report
                                                                                 January 2025
                                                                                                 1
Page 4
INTRODUCTION




Introduction


PT Bank Syariah Indonesia Tbk (BSI), as the largest Islamic bank     Social Responsibility (CSR) programs. These efforts are expected
in Indonesia, continues its efforts in developing sustainable        to benefit society inclusively while educating employees to
business sectors. This is carried out through the implementation     prioritize sustainable finance principles in banking operations.
of environmentally friendly business activities, including (1)
providing green financing programs, (2) environmentally              BSI is committed to implementing sustainable finance policies
friendly banking operations, and (3) the application of a green      in its business activities as an effort to improve the quality of
economy based on the regulations of the Financial Services           life within the Islamic financial ecosystem. As a manifestation
Authority (OJK). In terms of social business activities, since its   of this commitment, BSI has pioneered Islamic sustainable
establishment in 2021, BSI has focused on developing financing       finance activities in Indonesia by issuing the Sustainability-Based
for Islamic micro, small, and medium enterprises (MSMEs).            Mudharabah Sukuk I Bank BSI Phase I 2024 (Sustainability
                                                                     Sukuk) worth IDR 3 trillion in June 2024 to support financing
BSI implements programs to achieve sustainable business              that will help create a more environmentally conscious Indonesia
activity goals in line with the bank's Sustainable Finance Action    in the future.
Plan (RAKB) document. These programs include efforts to
provide Islamic sustainable financial products and services          The initiative to issue this Sustainability Sukuk aligns with POJK
tailored to market needs in Indonesia. BSI is committed to           Number 18 of 2023 concerning the Issuance and Requirements
becoming one of the top 5 banks providing sustainable financial      of Debt Securities and Sustainability-Based Sukuk, issued on
products and services while continuously developing Corporate        October 10, 2023.




     Sustainability Sukuk Report
2    January 2025
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                                                                                              SUMMARY OF FRAMEWORK
                                                                               AND ISSUANCE OF BSI SUSTAINABILITY SUKUK




Summary of Framework
and Issuance of BSI Sustainability Sukuk

A. BSI Sustainability Sukuk Framework

  Before issuing the Sustainability Sukuk in June 2024, BSI      of the Indonesian Financial Services Authority Regulation
  had developed the Sustainability Sukuk Framework, which        (POJK) Number 18 of 2023 concerning the Issuance and
  received a "Green/Sustainable" opinion from the SDGs Hub       Requirements of Debt Securities and Sustainability-Based
  at the University of Indonesia. The alignment process of the   Sukuk.
  Sustainability Sukuk framework refers to the provisions


  Below is a summary of the Sustainability Sukuk Framework:


  Use of Proceeds from the Issuance


    Environmentally Friendly Business Activities (KUBL)


                Renewable Energy                                           Environmentally Friendly Transportation




                Energy Efficiency                                          Sustainable Water and Wastewater Management




                Pollution Prevention and Control                           Climate Change Adaptation




                Sustainable Natural Resource Management                    Products That Reduce Resource Use and Pollution
                and Land Use                                               (Eco-efficient)




                Conservation of Land and Marine Biodiversity               Environmentally Friendly Buildings




    Socially Oriented Business Activities (KUBS)

                Affordable Basic Infrastructure Services
                                                                           Job Creation
                in Terms of Access and Price




                Access to Essential Services                               Food Security and Sustainable Food Systems




                Affordable Housing                                         Socio-Economic Improvement and Empowerment




                                                                                            Sustainability Sukuk Report
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SUMMARY OF FRAMEWORK
AND ISSUANCE OF BSI SUSTAINABILITY SUKUK




    Evaluation and Selection Process of BSI Sustainability Sukuk Projects

    The selection process is carried out using a Two-Step Approach as follows:




    First                                                                      Second
    Step                                                                        Step

                          Financing Determination                                                         Project Selection
                        by the Relevant Business Unit                                                   and Evaluation Process



                The initial assessment process of existing                                   The process of setting parameters, selecting, and
                financing categories or new financing within the                             evaluating potential projects as the underlying
                categories of Environmentally Friendly Business                              assets for Sustainability Sukuk through the
                Activities (KUBL) and Socially Responsible                                   Business Committee (Kombis) mechanism.
                Business Activities (KUBS).                                                  Referring to OJK Regulation Number
                1. KUBL Portofolio
                   Corporate Financing
                2. KUBS Portofolio
                   Corporate, Commercial, Consumer, Small and
                   Medium Enterprise (SME), and Micro Financing




               The feasibility assessment of new financing is processed in accordance with the bank’s internal policies
                                                  based on financing segmentation.




B. Management of Funds Obtained from the Issuance of BSI Sustainability Sukuk

    The management of funds from the issuance of BSI Sustainability Sukuk is handled by three (3) work units with the following descriptions:




                  Treasury and                                     Corporate Finance                                    Operations
               Global Market Group                                 Accounting Group                                  Development Group
      • Manages the distribution of profit-              • Calculates Sukuk returns on a monthly           • Processes the monthly accrual of profit-
        sharing and principal payments for the             basis.                                            sharing reserves.
        Sustainability Sukuk.                            • Establishes periodic monthly reserves           • Executes the payment of profit-sharing
      • Ensures the allocation of Sustainability           for Sukuk returns.                                and/or principal of Sustainability Sukuk
        Sukuk funds complies with                        • Recapitulates the calculation of                  to KSEI before the due date.
        predetermined criteria.                            Sustainability Sukuk profit-sharing.
      • Ensures the availability of underlying
        financing for KUBL and KUBS until the
        Sukuk matures.




     Sustainability Sukuk Report
4    January 2025
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                                                                                                               SUMMARY OF FRAMEWORK
                                                                                                AND ISSUANCE OF BSI SUSTAINABILITY SUKUK




C. Sustainability Sukuk BSI Reporting

      Allocation Report

      BSI will issue the Sustainability Sukuk report annually, no later than one year after the funds from the initial issuance are received
      by BSI, to provide transparency to investors and regulators regarding the implementation of the Framework.




      Impact Report

      BSI will publish a report on the environmental and/or social impact of the eligible assets financed through the issued Sustainability
      Sukuk. The quantitative positive impacts in the Sustainability Sukuk BSI report include the following indicators:




  Green Category


                 Type of KUBL                                                             Indicator

                                              1. Estimated annual renewable energy generation in MWh/GWh (electricity).
   Renewable Energy                           2. Estimated annual reduction/avoidance of Greenhouse Gas emissions in CO2 equivalent tons.
                                              3. Installed renewable energy capacity in MW.

                                              1. Estimated annual energy savings in MWh/GWh (electricity) and GJ/TJ (other energy).
   Energy Efficiency
                                              2. Estimated annual reduction/avoidance of Greenhouse Gas emissions in CO2 equivalent tons.

   Pollution Prevention and Control           Total tons or m³ of waste prevented, reduced, recycled, and reused.

   Sustainable Natural Resource Management    1. Estimated 14 of protected and/or certified asyara
   and Land Use                               2. Estimated number of trees planted in FSC/PEFC-certified reforestation projects.

   Conservation of Land and Marine            1. Estimated number of protected and/or certified nautical miles.
   Biodiversity                               2. Estimated hectares acquired/protected and certified.

                                              1. Estimated annual reduction/avoidance of Greenhouse Gas emissions in CO2 equivalent tons.
                                              2. Number of eco-friendly vehicles introduced.
   Environmentally Friendly Transportation
                                              3. Estimated kilometers of new or upgraded railway lines, dedicated bus lanes, BRT corridors, LRT
                                                 lines, and bicycle lanes.

                                              1. Reduction of water consumption in economic activities.
                                              2. Wastewater treated according to appropriate standards, percentage of total waste prevented,
   Sustainable Water and Wastewater
                                                 minimized, reused, or recycled.
   Management
                                              3. Absolute water usage per year before and after project implementation.
                                              4. Population with access to clean drinking water.

   Climate Change Adaptation                  Number of new facilities, systems, and equipment used to support climate resilience.

                                              1. Amount of recycled waste.
   Products That Reduce Resource Use and
                                              2. Estimated annual reduction/avoidance of Greenhouse Gas emissions in CO2 equivalent tons.
   Pollution (Eco-efficient)
                                              3. Number of environmentally friendly buildings with green building certifications.

   Green Buildings Meeting National,
                                              1. Estimated annual reduction/avoidance of Greenhouse Gas emissions in CO2 equivalent tons.
   Regional, or International Standards or
                                              2. Percentage of energy use reduced/avoided.
   Certifications




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SUMMARY OF FRAMEWORK
AND ISSUANCE OF BSI SUSTAINABILITY SUKUK




    Social Category


                        KUBS                                                                       Indicator

     Affordable Basic Infrastructure Services in
                                                      Number of households with access to road networks, electricity, water, and sanitation services.
     Terms of Access and Price

                                                      1. Number of community service facilities funded.
                                                      2. Number of people with access to affordable healthcare services.
     Access to Essential Services
                                                      3. Number of community facilities financed.
                                                      4. Number of students assisted.

     Affordable Housing                               Number of low-income community groups receiving financial assistance for affordable housing.


     Job Creation and Programs Designed to
                                                      1. Number of MSMEs receiving financing.
     Prevent and/or Reduce Unemployment,
                                                      2. Number of workers from MSMEs receiving financing.
     Including Small, Medium, and Micro
                                                      3. MSME financing portfolio based on sector distribution.
     Business Financing

                                                      1. Total land area in km² and percentage growth of land or areas used for environmentally friendly
     Food Security and Sustainable Food                  agriculture or food production.
     Systems                                          2. Number of MSMEs engaged in sustainable and/or environmentally friendly food system
                                                         management and processing.

     Socio-Economic Development and
                                                      Number of MSMEs or individuals financed through the KUR program.
     Empowerment

     Other Socially Oriented Business Activities
                                                      Providing positive social impacts based on POJK parameters or other relevant regulations.
     and/or Initiatives




D. Issuance of BSI Sustainability Sukuk

    PT Bank Syariah Indonesia Tbk (BSI) has issued Mudharabah                          The issuance of the Sustainability Sukuk provides several
    Sustainability Sukuk I Bank BSI Phase I Year 2024                                  milestones for BSI, including the following:
    (Sustainability Sukuk) on June 14, 2024, with a total nominal                      • The first Sustainability Sukuk issuance conducted by a
    principal amount of IDR 3.000.000.000.000 (three trillion                             Bank in Indonesia.
    rupiah), consisting of 3 (three) series with different tenors:                     • BSI Sustainability Sukuk was in demand by investors
    Series A for a tenor of 370 days, Series B for a tenor of 2                           during bookbuilding, as evidenced by an oversubscription
    years, and Series C for a tenor of 3 years.                                           of 3 (three) times.


    BSI Sustainability Sukuk Structure

     Instrument Name                         :     Mudharabah Sustainability Sukuk I Bank BSI Phase I Year 2024


     Contract Structure                      :     Mudharabah

     Currency                                :     Issued in Rupiah
                                                   IDR3.000.000.000.000,- (three trillion rupiah)
                                                   • Series A : 370-day tenor IDR1.700.000.000.000,- equivalent to 6,65% pa.
     Total Issuance                          :     • Series B : 2-year tenor IDR220.000.000.000,- equivalent to 6,70% pa.
                                                   • Series C : 3-year tenor IDR1.080.000.000.000,- equivalent to 6,80% pa.
                                                   • Series A : June 24, 2025
     Maturity Date                           :     • Series B : June 14, 2026
                                                   • Series C : June 14, 2027

     Rating                                  :     idAAA(sy) Pefindo Final Rating

                                                   Allocation of financing funds for Environmentally Friendly Business Activities (KUBL) and Socially
     Use of Proceeds                         :     Oriented Business Activities (KUBS)
     Listing                                 :     PT Indonesia Stock Exchange




     Sustainability Sukuk Report
6    January 2025
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                                                                                                                                             ALLOCATION
                                                                                                                                                 REPORT




Allocation
Report

As of the end of December 2024, BSI has fully allocated (100%)                   the provisions of the Financial Services Authority Regulation
the funds from the issuance of the Sustainability Sukuk. The                     (POJK) Number 18 of 2023 on the Issuance and Requirements
total funds from the issuance have been distributed across 3                     of Sustainable Debt Securities and Sukuk, issued on October 10,
(three) out of 10 (ten) categories of Environmentally Friendly                   2023.
Business Activities (KUBL) and 4 (four) out of 6 (six) categories
of Socially Responsible Business Activities (KUBS) based on the                  The details of the allocation of funds from the issuance of the
BSI Sustainability Sukuk issuance framework, which refers to                     Sustainability Sukuk are as follows:



                          Sustainable Category                                                     Financing Segment Category




                                                                                                                  4%

                                                                                                                          25%
                                60%        40%                                                              40%

                                                                                                                       31%




              Socially Oriented Business         Environmentally Oriented                Small and Medium
                                                                                                             Corporate          Commercial     Micro
              Activities                         Business Activites                      Enterprise (SME)




The description of fund distribution by financing segment based on the underlying Sukuk, referring to the Financial Services Authority
Regulation (POJK) period 2024, is outlined as follows:



                                                                            In IDR

  A.   Socially Oriented Business Activities (KUBS)

         1.       Access to Essential Services                                                                                  1,124,845,667,482

                  Job Creation and Programs Designed to Prevent and/or Reduce Unemployment, including financing
         2.                                                                                                                      383,961,326,807
                  for small, medium, and micro enterprises

         3.       Food Security and Sustainable Food Systems                                                                     173,054,629,439

         4.       Socio-Economic Improvement and Empowerment                                                                     105,372,586,056

 Total KUBS                                                                                                                     1,787,234,209,784

  B.   Environmentally Oriented Business Activities (KUBL)

         1.       Products That Reduce Resource Use and Generate Less Pollution (Eco-Efficient)                                  763,967,438,036

         2.       Renewable Energy                                                                                               422,335,787,085

         3.       Sustainable Water and Wastewater Management                                                                     26,462,565,095

 Total KUBL                                                                                                                     1,212,765,790,216




                                                                                                                       Sustainability Sukuk Report
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ALLOCATION
REPORT




The description of financing distribution refers to the Sustainable Development Goals (SDGs) and the BSI Sukuk Sustainability
Framework, as outlined below:



    Key Sustainable Development
                                                              Eligible Financing Categories Funded by the Bank
            Goals (SDGs)

                                    Products That Reduce Resource Use and Generate Less Pollution (Eco-Efficient)
                                    Financing provided to the Corporate segment using a Musyarakah contract for industries that have generated
                                    less pollution (eco-efficient) through the introduction of environmentally friendly products with eco-labels
                                    or environmental certifications, as well as resource-efficient packaging and distribution. Financing recipients
                                    include paper processing companies and fertilizer industry companies.

                                    Renewable Energy
                                    Financing provided to the Corporate segment using a Musyarakah contract for the renewable energy power
                                    generation industry. Financing recipients include mini-hydro power generation companies.


                                    Sustainable Water and Wastewater Management
                                    Financing provided to the Corporate segment using a Musyarakah contract for the sustainable water and
                                    wastewater management industry. Financing recipients include water processing and supply companies.



                                    Access to Essential Services
                                    Financing provided to the Commercial and Small and Medium Enterprise (SME) segments using a Musyarakah
                                    contract aimed at ensuring equal access to healthcare, medical treatment, and business activities related to
                                    education. Financing recipients include hospitals, foundations engaged in the health 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 Financing for
                                    Small and Medium Enterprises
                                    This refers to the disbursement of financing in the Commercial, Consumer, and Small and Medium Enterprise
                                    (SME) segments using the Musyarakah contract, aimed at job creation and reducing unemployment.




                                    Food Security and Sustainable Food Systems
                                    This involves the disbursement of financing in the Commercial and Small and Medium Enterprise (SME)
                                    segments using the Musyarakah contract to support food security and sustainable food systems. Beneficiaries
                                    of this financing include food processing companies and food trade enterprises.



                                    Socio-Economic Development and Empowerment
                                    This entails the disbursement of financing in the Commercial, Small and Medium Enterprise (SME), and Micro
                                    segments using the Musyarakah contract, aimed at ensuring equal access to and control over assets, services,
                                    resources, and opportunities, as well as equitable participation and integration into markets and society. The
                                    financing is specifically targeted at the needs of micro, small, and medium enterprises.




      Sustainability Sukuk Report
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                                                                                                                                       IMPACT
                                                                                                                                       REPORT




Impact
Report

The estimated environmental and social impacts of eligible financing, which includes financing from the proceeds of the Sustainability
Sukuk issuance, are described as follows:




                                            %
                                      Composition        Financing
 No       Financing Category                                                             Description & Impact Indicator
                                      of Underlying      Segment
                                          Sukuk

 1.    Access to Essential Services      37.49%       Financing in the   Financing Disbursement in the Commercial and Small and Medium
                                                      Commercial and     Enterprise (SME) Segments Using the Musyarakah Contract,
                                                      Small and Medium   Specifically for Business Activities Providing (1) Healthcare Access
                                                      Enterprise (SME)   and (2) Education.
                                                      segment with       The outcomes of the financing disbursement can be summarized as
                                                      Musyarakah         follows:
                                                      contract           a. The number of institutions that have received financing facilities
                                                                            totals 152, consisting of 74 educational institutions, ranging
                                                                            from kindergarten (TK), elementary school (SD), Islamic junior
                                                                            high school (MTs), junior high school (SMP), senior high school
                                                                            (SMA), universities, and other educational facilities, as well as
                                                                            78 healthcare institutions, including hospitals, clinics, and other
                                                                            healthcare facilities.
                                                                         b. The estimated number of people benefiting from healthcare
                                                                            services access is approximately 168.032 individuals per month.
                                                                         c. The estimated number of students or education facility
                                                                            beneficiaries as of December 2024 is approximately 80.222
                                                                            students.

 2.    Job Creation and Programs         12,80%       Financing in the   Financing Disbursement in the Commercial and Small and Medium
       Designed to Prevent and/                       Commercial, and    Enterprise (SME) Segments Using the Musyarakah Contract for
       or Reduce Unemployment                         Small and Medium   Business Activities Creating Job Opportunities in Agriculture,
       including Small, Medium,                       Enterprise (SME)   Processing, Trade, and Service Sectors. The details are as follows:
       and Microfinance Business                      segments, with     a. The financing was distributed to 77 micro, small, and medium
       Financing                                      Musyarakah            enterprises (MSMEs).
                                                      contract           b. The projected number of employees hired as a result of the
                                                                            financing disbursement as of December 2024 is approximately
                                                                            1,914 people.
                                                                         c. The total financing portfolio allocated for job creation and
                                                                            programs to prevent and/or reduce unemployment amounts to
                                                                            Rp.383.961.326.807, consisting of Rp 81.752.687.673 for the
                                                                            Commercial sector and Rp 302.208.639.134 for the Small and
                                                                            Medium Enterprise (SME) sector.

 3.    Food Security and                 5,77%        Financing in the   Financing Disbursement in the Small and Medium Enterprise (SME)
       Sustainable Food Systems                       Small and Medium   Segment Using the Musyarakah Contract, Specifically for Financing
                                                      Enterprise (SME)   Customers Engaged in Food Supply and Processing.
                                                      segment with       a. The number of livestock, fisheries, and food processing industry
                                                      Musyarakah            areas, as well as production capacity as of December 2024, is as
                                                      contract              follows:
                                                                            1) Shrimp farming land covering approximately 10 hectares
                                                                               (equivalent to 0.1 km²) located in Aceh province, with an
                                                                               estimated production capacity of 4.6 million tons of shrimp per
                                                                               year.
                                                                            2) Layer chicken farming land covering approximately 7 hectares
                                                                               (equivalent to 0.07 km²) located in West Sumatra province, with
                                                                               an estimated production capacity of 1.2 tons per month.
                                                                            3) Cooking oil processing land covering approximately 10 hectares
                                                                               (equivalent to 0.1 km²) located in East Java province, with an
                                                                               estimated production capacity of 72,000 liters of cooking oil.
                                                                         b. The estimated number of MSMEs engaged in fisheries, layer chicken
                                                                            farming, and cooking oil management is more than 100.




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IMPACT
REPORT




                                          %
                                    Composition        Financing
 No       Financing Category                                                            Description & Impact Indicator
                                    of Underlying      Segment
                                        Sukuk

4.      Socio-economic                 3,51%        Financing in        a. Financing Disbursement in the Micro Segment Through BSI
        Improvement and                             Micro segment          Usaha Mikro (BUM) and Micro Business Loan (KUR) Using the
        Empowerment                                 with Musyarakah        Musyarakah Contract
                                                    contract            b. Financing was provided to 557 recipients, consisting of 209 NOA
                                                                           (Number of Accounts) under BSI Usaha Mikro (BUM) and 348 NOA
                                                                           under Micro Business Loan (KUR).

5.      Renewable Energy               14,08%       Financing in the    Financing Disbursement for One Mini Hydro Power Plant (PLTMH)
                                                    Corporate segment   and One Hydroelectric Power Plant (PLTA) with the following details:
                                                    with Musyarakah     a. Estimated annual renewable energy generation in MWh/GWh
                                                    contract               (electricity) is as follows:
                                                                           1) The Mini Hydro Power Plant (PLTMH) located in Bengkulu
                                                                              province is expected to generate approximately 63,955 MWh of
                                                                              electricity per year.
                                                                           2) The Hydroelectric Power Plant (PLTA) located in Bengkulu
                                                                              province is expected to generate approximately 84,519 MWh of
                                                                              electricity per year.
                                                                        b. Estimated annual reduction/avoidance of greenhouse gas
                                                                           emissions in tons of CO2 equivalent is as follows:
                                                                           1) The Mini Hydro Power Plant (PLTMH) located in Bengkulu
                                                                              province is expected to reduce annual greenhouse gas emissions
                                                                              by 56,920 tons of CO2/MWh-equivalent per year.
                                                                           2) The Hydroelectric Power Plant (PLTA) located in Bengkulu
                                                                              province is expected to reduce annual greenhouse gas emissions
                                                                              by 75,222 tons of CO2/MWh-equivalent per year.
                                                                        c. Installed renewable energy capacity in MW is as follows:
                                                                           1) The Mini Hydro Power Plant (PLTMH) located in Bengkulu
                                                                              province has an installed capacity of 3 x 3.33 MW.
                                                                           2) The Hydroelectric Power Plant (PLTA) located in Bengkulu
                                                                              province has an installed capacity of 4 x 4 MW.

6.      Sustainable Water and          0.88%        Financing in the    a. Financing distribution to 2 (two) companies with water supply
        Wastewater Management                       Corporate segment      system business activities.
                                                    with Musyarakah     b. The amount of water distributed is estimated at 13,564 cubic
                                                    contract               meters/day or 157 liters/second.
                                                                        c. The number of houses served by the water supply installation
                                                                           is estimated at 28,210 houses. With these assumptions, it is
                                                                           estimated that the installation can meet the needs of 84,630
                                                                           people.

7.      Products That Can Reduce       25.47%       Financing in the    a. Financing disbursement in the Corporate segment using the
        Resource Consumption and                    Corporate segment      Musyarakah contract for customers whose business processes
        Generate Less Pollution                     with Musyarakah        already incorporate resources and technology to generate less
        (Eco-Efficient)                             contract               pollution (eco-efficient). The financing was provided to two
                                                                           customers, one in the paper processing industry located in South
                                                                           Sumatra province and the other in the fertilizer industry located in
                                                                           Aceh province.
                                                                        b. The types of renewable energy used by the paper processing
                                                                           company include Wind Power Plants (PLTB) and Solar Power
                                                                           Plants (PLTS).
                                                                        c. The estimated reduction in hazardous waste accumulation from
                                                                           the operational processes of the fertilizer plant is 37.65 tons per
                                                                           year.
                                                                        d. The estimated annual greenhouse gas emissions avoided amount
                                                                           to 45,149,820,294 tons CO2 equivalent, consisting of 12,541,621
                                                                           tons CO2 equivalent from the paper processing company and
                                                                           19,814 tons CO2 equivalent from the fertilizer industry.
                                                                        e. Currently, neither of the two customers has buildings certified as
                                                                           green buildings.




      Sustainability Sukuk Report
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                                                                                                                            CONCLUSION




Conclusion


PT Bank Syariah Indonesia Tbk (BSI) recognizes the importance            decarbonization and help transform their operations into more
of integrating sustainability values into the Bank's vision and          responsible, environmentally friendly businesses with a lower
mission. By applying Environmental, Social, and Governance               carbon footprint.
(ESG) principles in its business activities, BSI aspires to contribute
to sustainable economic growth.                                          As part of our commitment to contributing more to sustainable
                                                                         economic growth and ensuring accountability for the issued
As a key driver of sustainable finance in Indonesia’s Islamic            Sustainability Sukuk, BSI will continue to conduct monitoring
finance industry, BSI continuously strives to promote sustainable        to ensure transparency in fund utilization and the credibility
Islamic financial practices, including efforts to support a low-         of annual reports. Finally, to guarantee the credibility of the
carbon economy. This commitment is demonstrated through                  Sustainability Sukuk Report, BSI has appointed SDGs Hub
BSI’s support for customers operating in carbon-intensive                Universitas Indonesia to provide an independent external review.
sectors by providing financial solutions that encourage




                                                                                                         Sustainability Sukuk Report
                                                                                                                        January 2025
                                                                                                                                       11
Page 14
Appendix


Appendix 1. Key Calculation Assumptions

     KUBL/KUBS Category                Project Type                                         Data Assumptions

Renewable Energy                   Mini Hydro Power Plant   The calculation of the minimum Greenhouse Gas (GHG) emissions avoided is based on
                                   (MHP) and Hydro Power    publicly available assumptions as follows:
                                   Plant (PLTA)             a. The Mini Hydro Power Plant (PLTMH) located in Bengkulu Province uses the 2019
                                                               Electricity Emission Factor from the Ministry of Energy and Mineral Resources
                                                               (ESDM) of 0.89. With an energy output of 63,955 MWh, the estimated GHG
                                                               emissions reduced/avoided amount to 56,920 tons of CO² equivalent per year.
                                                            b. The Hydropower Plant (PLTA) located in Bengkulu Province also uses the 2019
                                                               Electricity Emission Factor from ESDM of 0.89. With an energy output of 84,519
                                                               MWh, the estimated GHG emissions reduced/avoided amount to 75,222 tons of
                                                               CO2 equivalent per year.

Sustainable Water and              Drinking water           The population with access to clean drinking water is determined based on the number
Wastewater Management              management               of registered customers recorded by the company.

Products That Can Reduce           Pollution Reduction      • For the customer engaged in the paper processing industry operating in South
Resource Consumption and                                      Sumatra Province, the emission factor is 0.86, and the energy generated is
Generate Less Pollution (Eco-                                 52,499,768 gigajoules, equivalent to 14,583,278 watt-hours. As a result, the
Efficient)                                                    estimated GHG emissions reduced/avoided amount to 12,541,621 tons of CO2
                                                              equivalent.
                                                            • For the customer in the fertilizer industry operating in Aceh Province, the types of
                                                              fertilizers produced include Urea Fertilizer (CH4N2O) and NPK.
                                                              The estimated amount of GHG emissions is calculated by comparing the emissions
                                                              under a business-as-usual scenario for similar industries with the actual emissions
                                                              recorded at the fertilizer plant. This calculation is conducted by the Indonesian
                                                              Classification Bureau (Biro Klasifikasi Indonesia).

                                                              The results of the calculation are as follows:
                                                              = 839,651 tons of CO2 equivalent – 819,837 tons of CO2 equivalent
                                                              = 19,814 tons of CO2 equivalent .




     Sustainability Sukuk Report
12   January 2025
Page 15
Drafting
Team




  Kemal           Aldi                Windy                  Noviar                    Azelia
  Aditya       Rahardhika            Noermala                Yulianti               Sarah Yusufa




       Abdul              Ricky                    Novreyna                 Muh Akram
       Hamim          Chandrawan H               Ludmilla Alda              Baharuddin




   Rizky        Saputra               Nia Ayu             Winda Mega                     Erri
  Nugraha       Aditya               Anggraeni             Permata                    Fitrawan




  Nanda          Nana                Adriann                                          Greget
                                                           Zulkarnain
  Putra         Suryana              Wiryana                                        Kalla Buana




                                                                        Sustainability Sukuk Report
                                                                                       January 2025
                                                                                                      13
Page 16
SUSTAINABILITY
SUKUK
REPORT
JANUARY 2025




  Kontak
  BSI Call - 14040
  Telp. 62081584114040
  contactus@bankbsi.co.id


 Bank Syariah Indonesia   @banksyariahindonesia   Bank Syariah Indonesia   bankbsi_id

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Names mentioned 8 people and organisations named in the text · linked when the evidence is strong

linked org BANK SYARIAH INDONESIA Tbk p.1 ×15
unresolved org Bank BSI Phase I p.4
unresolved org Financial Services Authority p.5 ×3
unresolved org Bank BSI Phase I Year p.8 ×2
unresolved org PT Indonesia Stock Exchange p.8
unresolved org PT Indonesia Stock Exchange Sustainability Sukuk p.8
unresolved org Bank Goals p.10
unresolved org Ministry of Energy and Mineral Resources p.14

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