| Consistently Implementing ESG, IIF Achieves ESG Entity Rating 2 from Sustainable Fitch Jakarta, 29 August 2024 – PT Indonesia Infrastructure Finance (“IIF”) has once again achieved a commendable milestone by obtaining an ESG Entity Rating of 2 from Sustainable Fitch on 26 August 2024. This year, IIF’s ESG score increased to 68 from 66 in 2023, reflecting IIF’s strong commitment to implementing Environmental, Social, and Governance (“ESG”) principles across all its business activities. This rating achievement is driven by various factors, including, but not limited to, enhanced transparency in ESG data reporting, positive environmental impact (58% of investment value) of infrastructure projects and social impacts (59%) in sectors such as telecommunications, renewable energy, water supply, and transportation. IIF has successfully invested over USD 1 billion in infrastructure projects that positively affect communities and the environment in Indonesia. As of mid-2024, IIF has integrated ESG principles into 69 infrastructure projects across 14 provinces, including remote areas outside of Java. The total investment value of these projects is IDR7.6 trillion, comprising 21 clean energy projects, 40 socially impactful projects, and 8 environmentally focused business activities (KUBL). Managing Director & Chief Financial Officer IIF – Rizki Pribadi Hasan, stated, “We continue to innovate in integrating ESG principles into all aspects of IIF’s business. Through the development of sustainable financial products and services, we hope to encourage and even more responsible business practice in prioritizing sustainability in the infrastructure sector.” With this achievement, IIF further solidifies its position as a catalyst for sustainable infrastructure development through the application of ESG towards a more sustainable 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 – Ministry of Finance of the Republic of Indonesia together with the World Bank Group, Asian Development Bank (ADB) and other multilateral institutions. 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:
LinkedIn: IndonesiaInfrastructureFinance |
Leading in Sustainability, IIF attains Gold Rank for its 2020 Sustainability Report 18 November 2021