Based on the Law of the Republic of Indonesia Number 32 of 2009 concerning Environmental Protection and Management, an environmentally friendly financial institution system is a system of financial institutions that applies environmental protection and management requirements in the financing policies and practices of the bank financial institution system and non-bank financial institutions.
Meanwhile, the Financial Services Authority (OJK) Regulation Number 51/POJK.03/2017 concerning the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies explains that sustainable finance is a comprehensive support from the financial services sector to create sustainable economic growth by aligning economic, social, and environmental interests and apply several principles, namely responsible investment, sustainable business strategies and practices, environmental and social risk management, governance, informative, inclusive communication, development of priority leading sectors, and coordination and collaboration.
Driven by these two regulations, PT SMI is committed to implementing best practice governance including risk management related to environmental and social aspects by managing activities in each of the Company's business pillars (Financing and Investment, Project Development, and Consulting Services) in an environmentally and socially friendly manner, avoiding or minimizing negative environmental and social impacts, as well as increasing positive impacts on every business/activity in which the Company is involved.
To carry out its commitment, since 2015, several tools and arrangements have been prepared and implemented by PT SMI including the preparation and implementation of the Corporate ESMS Guidelines, Environmental and Social Safeguards (ESS) Guidelines and various other initiatives, including preparing human resources. qualified and competent in carrying out environmental and social risk studies/analysis and integrating them into the Company's organizational structure. The Division of Environmental and Social Safeguards and Business Continuity Management (DESSBCM) was formed in 2016 and changed its nomenclature to the Division of Environmental Social Evaluation and Consulting Services (DELJ) in 2019.
References or standards have also been prepared through Ten (10) Environmental and Social Safeguards (ESS) which are comprehensively formulated and reviewed regularly to ensure that all of the Company's business pillar activities can meet environmental and social provisions and requirements that apply in Indonesia and internationally. These ten ESS Standards are published in the ESS Guidelines, which include:
Drop us a message for further inquiries, feedback, and grievances on social and environmental issues via the Grievance page.
Information on ESG/ESS/HSE that has been carried out or related to PT SMI, either on a corporate scale or on a project scale.Read more
PT Sarana Multi Infrastruktur (Persero) consistently supports the acceleration of national infrastructure development based on the sustainable development va... Read more
Environmental and Social Safeguard Guidelines
Corporate ESMS Guidelines
ESMF – Regional Infrastructure Development Fund (RIDF)
ESMF – Geothermal Resource Risk Mitigation Project (GREM)
FINAL GEUDP ESMF Revision_August 2020
GEUDP ESMF Revision Ver3_May 2021
DRAFT GEUDP ESMF Revision November 2022