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Bank DBS Indonesia has recorded funding related to ESG (environmental, social and governance) or Sustainable Business Activities (KKUB) of 14.8 percent throughout 2024 to early 2025.
Head of Institutional Banking Group at PT Bank DBS Indonesia, Kunardy Lie, said the funding included the Sustainability-Linked Trade Facility (SLTF) which was launched in January 2025. At that time, Bank DBS disbursed US$20 million (Rp336.76 billion) for PT Indo-Rama Synthetics, a producer of pintang and polyester yarn, which is a subsidiary of Indo-Rama Corporation Pte. Ltd., Singapore.
In early March, Bank DBS Indonesia collaborated with Bank UOB Indonesia in funding of Rp1.7 trillion to PT Princeton Digital Group (PDG) through a club loan scheme.
"This fund is used to develop JC2, an artificial intelligence (AI)-based data center campus with a capacity of 22 MW (Megawatt) in Cibitung," Kunardy said in a statement as quoted on Thursday, March 27, 2025.
Meanwhile, for the sustainable food production sector, Bank DBS Indonesia has distributed a Sustainability-Linked Loan (SSL) worth Rp350 billion to PT CJ Feed & Care Indonesia to support the target of reducing greenhouse gas emissions by 25 percent by 2030.
Meanwhile, other funding includes a US$50 million trade financing facility to Permata Group to strengthen biodiesel sales operations, as well as support for Kaer, a company providing sustainable cooling solutions for commercial and industrial buildings.
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