PT SMI's Commitment in the Implementation of K3L in Corporations
“Since 2016, PT SMI has implemented 10 Environmental and Social Safeguard (ESS) standards as part of financing feasibility assessment ut through an Environmental and Social Due Diligence (ESDD) study and a Corrective Action Plan (CAP) recommendation to improve the implementation of environmental and social management of each borrower. Every year, as part of the monitoring process, PT SMI assesses the CAP’s completion, considering compliance, delivery accuracy, and performance quality. As a result of the assessment in 2022, seven borrowers who are considered to have completed the CAP satisfactorily were selected. These borrowers are:
In addition to the assessment above, a number of Relationship Managers (RM) are also selected. These RMs have coordinated and cooperated well with borrowers in fulfilling environmental and social CAP requirements during the 2021-2022 period and have supported the implementation of the 2022 borrower performance appraisal initiative.
As a form of appreciation the borrowers and RM, a workshop was held with the theme “Pelestarian Warisan Budaya dan Pengelolaan Masyarakat Terdampak dalam Pembangunan Infrastruktur di Indonesia” on 2-4 November 2022 in Yogyakarta. The workshop was attended by Mr. Pradana Murti as Director of Risk Management; Head of Environmental Social and Technical Evaluation Division along with his staff, as well as representatives from seven selected borrowers and RM. The workshop featured speakers a social expert, and Central Java Cultural Heritage Center’s expert, as well as presentations from three borrower representatives.
It is hoped that the workshop has become a capacity building forum for all participants and can also strengthen the commitment to implementing environmental and social protection in all projects undertaken.”
PT SMI's Commitment in the Implementation of K3L in Corporations
PT SMI supports the implementation of Environmental, Social, and Governance (ESG) in Financial Services Institutions
Quarterly Monitoring Report of the Environmental and Social Aspects of the 2020 PEN Program