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;
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