IIF Achieves “Gold Rank” at ASRRAT Awards for the Fourth Time

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Jakarta, 22 November 2024 – PT Indonesia Infrastructure Finance (IIF) once again received the “Gold Rank” at the Asia Sustainability Report Rating (ASRRAT) event organized by the National Center for Corporate Reporting (NCCR) on Thursday, 21 November 2024. The award was received by Rizki Pribadi Hasan – Chief Financial Officer/Interim CEO of IIF.

This is the fourth consecutive year the Company has received this ranking, proving IIF’s consistency in producing Sustainability Reports that reflect a strong commitment to ESG (Environmental, Social, Governance) principles.

Representing IIF, Rizki expressed gratitude to all stakeholders and the ASRRAT committee for the award, “This award is an appreciation of our commitment to implementing sustainable principles in our business operational activities. It demonstrates that ESG principle implementation not only provides positive impacts for the environment and society but can also improve overall business performance”.

IIF supports sustainable development in Indonesia by aligning with the triple bottom line principles, namely 3P (People, Planet, and Profit), developed through sustainable infrastructure financing strategies and practices in accordance with its S&E Principles. By 2023, IIF had successfully contributed to achieving 13 Sustainable Development Goals (SDGs) in its projects.

PT Indonesia Infrastructure Finance
PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).
In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.

Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary Division
PT Indonesia Infrastructure Finance
Telp: (021) 2991 5060;
Fax: (021) 2991 5061;
E-mail: [email protected]

Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

IIF and ADB Carry Out an On-Site Inspection of Clean Water Infrastructure Development Projects in Dumai

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Jakarta, 21 November 2024 –   PT Indonesia Infrastructure Finance (IIF) in collaboration with Asian Development Bank (ADB), as one of IIF’s Lenders, conducted a site visit to PT Dumai Tirta Persada (DTP), a clean water provider in Dumai, Riau, on 13-14 November 2024. The site visit was led by IIF’s Chief Risk Officer, Lestari Andaluscia Umardin, and ADB’s Senior Infrastructure Specialist, Kin Wai Chan.

Lestari stated, “providing access to clean water is currently a challenge that requires a comprehensive solution, therefore the DTP project is an excellent solution not only for the surrounding community, but also for industrial interests.”

According to the Financial and Development Supervisory Agency, the coverage of clean water services in Dumai in 2018 was only 22.17%. Meanwhile, according to the Central Bureau of Statistics, in 2021 the industrial and domestic sectors dominated water demand in Dumai. Therefore, the gap between the availability of services and the high demand presents a business opportunity while increasing access to drinking water for the people of Dumai.

This visit aimed to directly monitor the construction progress of the clean water infrastructure, that is part of the Drinking Water Supply Center (SPAM) project. As of 2024, a total of 3.19 million cubic meters (M3) of clean water has been absorbed through DTP. In addition, the growth in the number of DTP customers has also continued to increase, from around 3,852 customers in 2022 to 8,165 customers in 2024.

The partnership between IIF and DTP is concrete evidence of the synergy between the private sector and the government in realizing sustainable development. We are optimistic that this project will have a significant positive impact on the people of Dumai and its surrounding areas.

PT Indonesia Infrastructure Finance

 

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia. 

Further Queries:

Nastantio W. Hadi

Head of Legal and Corporate Secretary Division

PT Indonesia Infrastructure Finance

Telp: (021) 2991 5060;

Fax: (021) 2991 5061;

E-mail: [email protected]

Social Media:

·       Instagram: @pt_iif

·       LinkedIn: IndonesiaInfrastructureFinance

IIF and CPI Collaborate to Strengthen Climate Risk Management in the Infrastructure Sector

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Jakarta, 12 November 2024 – Strengthening climate risk management in the infrastructure sector, PT Indonesia Infrastructure Finance (IIF) and Climate Policy Initiative (CPI) have signed an agreement regarding Technical Assistance for Climate Risk Management Policy and Sectoral Guidelines Related to Climate. The agreement was signed by Rizki Pribadi Hasan, Interim Chief Executive Officer/Chief Financial Officer of IIF and Lestari Andaluscia Umardin, Chief Risk Officer of IIF, with Tiza Mafira, Director of CPI Indonesia.

Rizki stated, “This collaboration aims to integrate climate-related risks into strategic planning, governance, and IIF’s risk management framework. This will enable IIF to better manage financial risks arising from climate change and to enhance the quality of its contribution to sustainable infrastructure development in Indonesia.”

In line with IIF’s mandate, collaboration with CPI is expected to produce comprehensive analysis related to climate risks. This analysis will serve as a strategic reference for IIF in formulating climate risk management policies.

Furthermore, IIF and CPI will work together to develop appropriate mitigation strategies and steps. This is intended to ensure and enhance IIF’s contribution as a financing institution supporting the achievement of Indonesia’s Government’s Net Zero Emission targets by 2060.

IIF and CPI will align these various efforts with regulatory standards as well as approaches and strategies that refer to relevant guidelines and frameworks at both national and global levels.

This cooperation serves as concrete evidence of IIF and CPI’s commitment to contributing to the sustainable infrastructure development in Indonesia.

PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.

Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary Division
PT Indonesia Infrastructure Finance
Telp: (021) 2991 5060;
Fax: (021) 2991 5061;
E-mail: [email protected]
Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

IIF’s Contribution to the Sustainable Transportation Seminar in Chengdu, China

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Jakarta, 7 November, 2024 – As a catalyst for sustainable infrastructure development, PT Indonesia Infrastructure Finance (“IIF”) participated as a speaker at the seminar titled “Environmental and Social Safeguards Community of Practice (CoP) Seminar on Sustainable Transport Investments: Opportunities, Challenges, and Good Practices,” held from 31 October  to 1 November 2024 in Chengdu, China. This annual seminar was organized by the Asian Infrastructure Investment Bank (AIIB) and the Multilateral Cooperation Center for Development Finance (MCDF).

The seminar aimed to present and discuss best practices and lessons learned in managing environmental and social risks in transportation infrastructure projects that can be practically applied by market players in the context of developing countries in Asia. Additionally, the seminar provided a platform to discuss new opportunities and challenges faced by Multilateral Development Banks (MDBs) and their partners in managing environmental and social impacts and risks.

Yayan Indriatmoko and Dicka Andilla Vebri,  Social and Environmental Specialists IIF presented on the processes, challenges, and lessons learned from implementing Social and Environmental Safeguards in IIF’s transportation sector. The transportation infrastructure sector is a significant area of IIF financing, accounting for the second-largest proportion (21%) after the electricity sector. Since 2013, IIF has participated in financing eleven (11) toll roads mostly located on the island of Java, three (3) ports in Sumatra and Sulawesi, three (3) airport projects (located in Java, Kalimantan, Sulawesi), as well as two (2) railway and mass transportation projects in Sulawesi and Java.

During the seminar, Yayan stated that, “Transportation infrastructure such as toll roads, railways, and airports generally has significant social and environmental risks and impacts related to land acquisition, public health and safety, biodiversity and habitat fragmentation, cultural heritage, and so on. Therefore, implementing social and environmental safeguard standards is key to ensuring that these risks and impacts can be avoided, minimized, or compensated if avoidance is not possible. As a catalyst for sustainable infrastructure development, IIF continues to strive to improve the application of safeguard standards on funded projects, including enhancing the capacity of project

initiators and stakeholders in managing social and environmental risks and impacts according to IIF’s sustainability policies.”

Through its role as a speaker at this seminar, IIF has demonstrated its commitment to continuously improving the application of social and environmental safeguard standards in infrastructure projects in Indonesia to achieve sustainable development goals.

PT Indonesia Infrastructure Finance

 

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia. 

Further Queries:

Nastantio W. Hadi

Head of Legal and Corporate Secretary Division

PT Indonesia Infrastructure Finance

Telp: (021) 2991 5060;

Fax: (021) 2991 5061;

E-mail: [email protected]

Social Media:

  • Instagram: @pt_iif
  • LinkedIn: IndonesiaInfrastructureFinance

 

 

 

From Indonesia to Canada: IIF Paves the Way for Investment Collaboration

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Jakarta, 1 November 2024 – PT Indonesia Infrastructure Finance together with PT Sarana Multi Infrastruktur/SMI (Persero) and PT Penjaminan Infrastruktur Indonesia (PII),  are Special Mission Vehicles (SMV) of the Ministry of Finance of the Republic of Indonesia together with Indonesia Investment Authority (INA) made a joint visit to Canada to attend The Canadian Institutional Investors Roundtable on the Indo-Pacific (CIIRIP) held on 28 October 2024. 

This visit holds purpose in providing clarity on the various potential investment opportunity in Indonesia, through various sectors, including the development of strategic sustainable infrastructure. The average economic growth of 5% over the last 10 years, Gross Domestic Income (GDP) of
IDR 5,536.5 in the second quarter of 2024 along with the demographic bonus, which makes Indonesia a promising investment destination.

Interim Chief Executive Officer/Chief Financial Officer of IIF, Rizki Pribadi Hasan said, “This participation is a valuable opportunity for IIF to promote potential investments in Indonesia on the international stage.” 

CIIRIP was organized by Canada’s  Indo-Pacific Trade Representative (CIPTR) to enable the Canadian institutional investor community to gather and engage in key issues related to investment in the Indo-Pacific region, including Indonesia. With a total investment asset value of more than $1 trillion (CAD), CIIRIP opens enormous investment opportunities in the Indo-Pacific region, especially Indonesia. 

IIF believes that cooperation between Indonesia and Canada will further strengthen the bilateral relations between the two countries and encourage sustainable economic growth, especially in the infrastructure sector. 

PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche    Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia. 

Further Queries:  

Nastantio W. Hadi 

Head of Legal and Corporate Secretary Division 

PT Indonesia Infrastructure Finance

Telp: (021) 2991 5060; 

Fax: (021) 2991 5061; 

E-mail: [email protected] 

Social Media: 

  • Instagram: @pt_iif 
  • LinkedIn: IndonesiaInfrastructureFinance