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  • Overall approach
    0/10
    • Overarching commitment on deforestation
      0/6
    • Deforestation as a business risk
      0/1
    • Target to reduce emissions in scope 1/2
    • Clients/holdings must have anti-corruption policy
      0.0/1
    • Collaborative finance sector initiatives
      0/2
    • Nature/people-positive investment
  • Commodity score
    10/90
    • Beef & Leather
      4/90
      • Policy Strength
        2/28
        • Commodity-specific deforestation financing policy
          0/8.8
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must be legally operated
          1.7/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
        • Clients/holdings must monitor operations
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must conduct risk assessments
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Associated Human Rights Abuses
        0/27
        • Clients/holdings must test Free, Prior and Informed Consent
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must have a grievance mechanism
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect labour rights
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        2/35
        • Assess client/holding exposure prior to onboarding
          No
          0/5
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant clients/holdings
          No
          0/5
        • Engagement with non-compliant companies
          0/0
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          Yes
          2/2
          Publicly accessible grievance mechanism
          Yes
          2/2
          Does the financial institution report/publish any of the grievances made against it and/or its clients/holdings in the past 12 months?: No

          What does the grievance mechanism cover?: Deforestation/conversion; Associated human rights
          "Whistleblowing System (WBS) named Letter to CEO (LTC) is an integral part of the implementation of Good Corporate Governance as it encourages accountability and transparency within the company. This system protects the company by providing input regarding threats that may harm the company. The existence of the Whistleblowing System is also a means of preventing acts that violate ethics and the law."
          Open source document
        • Remediation of environmental or social harms
          No
          0/4
    • Palm oil
      30/90
      • Policy Strength
        15/28
        • Commodity-specific deforestation financing policy
          4.7/8.8
          • Commitment details
            Certification
            4/8
            Commitment details
            Certification
            4/8
            Does the policy have specific requirements/expectations of clients/holdings in line with the policy?: No
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
        • Clients/holdings must be legally operated
          1.7/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
        • Clients/holdings must monitor operations
          2.2/3.8
          • Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            What type of assurance mechanism is used?: Assurance mechanism
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
        • Clients/holdings must conduct risk assessments
          3.8/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            "At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses thatseriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)" "The legal basis for this screening is also written in the section, for example AMDAL, and other environmental and social regulations as required by the government. All (100%) debtors go through the screening process"
            Open source document
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses thatseriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)" "The legal basis for this screening is also written in the section, for example AMDAL, and other environmental and social regulations as required by the government. All (100%) debtors go through the screening process"
            Open source document
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses thatseriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)" "The legal basis for this screening is also written in the section, for example AMDAL, and other environmental and social regulations as required by the government. All (100%) debtors go through the screening process"
            Open source document
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses thatseriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)" "The legal basis for this screening is also written in the section, for example AMDAL, and other environmental and social regulations as required by the government. All (100%) debtors go through the screening process"
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses thatseriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)" "The legal basis for this screening is also written in the section, for example AMDAL, and other environmental and social regulations as required by the government. All (100%) debtors go through the screening process"
            Open source document
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          2.2/3.8
          • Commitment details
            Encouraged
            1.5/3
            Commitment details
            Encouraged
            1.5/3
            What is the deadline for the portfolio companies to become compliant with the policy?: NA

            What is the target date for the full implementation of the financial institution's policy?: NA

            What is the length of time the portfolio companies are given to meet their time-bound plans?: NA
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "At the Technical Guidelines level, there are industry acceptance criteria that more specifically regulate ESG aspects that must be considered in the debtor selection process in each industrial sector, including: a. For the palm oil and CPO sectors, Bank Mandiri pays attention to the fulfillment of ISPO certification or at least proof of ISPO registration in the form of a receipt from the LSI (ISPO Certification Institute), environmental and labor policies (including K3), SOPs for preventing and handling land fires according to applicable standards, related policies no deforestation, no exploitation (NDPE), and Waste Treatment Plant (IPL)...Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021.
            Open source document
      • Associated Human Rights Abuses
        0/27
        • Clients/holdings must test Free, Prior and Informed Consent
          0/3.8
          • Commitment details
            No commitment
            0/3
            Commitment details
            No commitment
            0/3
            Does the financial institution require the client/holding to cease acquisition/expansion unless FPIC is given?: No
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must have a grievance mechanism
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect labour rights
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        15/35
        • Assess client/holding exposure prior to onboarding
          No
          0/5
          Assess client/holding exposure prior to onboarding
          No
          0/5
          Does the financial institution publish the risk assessment framework/tool used?: No

          Does the financial institution publish the outcome of the risk assessment?: No
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "In preparing the Sustainabille Financial Action Plan, Bank Mandiri conducts a review of the policies, processes and activities that run on the company, and establishes a methodology for determining priority sectors and strategies for sustainable financial implementation. The Sustainabille Financial Action Plan program will be focused on a 1 (one) year and 5 (five) year program for financing in 4 (four) priority sectors in the Large Corporate segment, which is implemented by preparing investment and financing policies, reporting procedures, and disclosure of the Sustainabille Financial Action Plan to FSA. In addition, the Sustainabille Financial Action Plan also includes Environmental, Social and Governance (LST) initiatives on Micro Banking, as well as the implementation of Corporate Social Responsibility (CSR) activities that meet the concept of sustainable development. [...] Through the implementation of these actions, Bank Mandiri takes a role through giving responsible lending so that environmental and social issues can be minimized. As illustrated within the action plan, the debtors of oil palm companies are expected to own Indonesian Sustainable Palm Oil (ISPO) as well as Roundtable Sustainable Palm Oil (RSPO) certification"
          Open source document
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Does the financial institution assess the severity of any non-compliance on the ground in forest-risk commodity supply chains in line with the guidance of the Accountability Framework?: No

          Does the financial institution prioritise clients/holdings for engagement based on their compliance monitoring? If yes, do they use thresholds/cut offs to identify these clients/holdings?: NA
          "With the implementation of the 2020 Sustainable finance Action Plan, Bank Mandiri made various efforts to increase the number of pilot debtors in the Palm Oil & CPO Plantation sector which would carry out an Environmental & Social Risk and Governance (ESG) assessment, with a target of fulfillment by 2024."[...]"If there are debtors who do not meet the requirements in the assessment, Bank Mandiri will carry out an action plan, including: • Educate and coordinate debtors so that gradually they can meet the requirements, • Require debtors to submit action plans and compliance timelines. • Conduct a site visit to the debtor's business location for monitoring"
          Open source document
        • Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, with a time-bound threat of redirection of finance
          5/5
          Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, with a time-bound threat of redirection of finance
          5/5
          Does the financial instution engage with the company to develop a time-bound plan for compliance with the policy?: No

          Does the financial institutions have clear thresholds of non-compliance or thresholds of exposure to deforestation risk that trigger engagement processes for clients/holdings?: No

          Does the financial institution engage with the client/holding to support the remediation of any social or environmental non-compliance on the ground?: No

          Does the financial institution commit to actively monitor clients/holdings' progress towards their time-bound plans and remediation activities?: No
          "if there are customers who cannot meet the minimum requirements, Bank Mandiri will discuss with the customers to determine an action plan to meet the requirements within a mutually agreed period of time. Bank Mandiri has also made an exclusion list where prospective customers have a high sustainability risk that the Bank cannot tolerate."
          Open source document
        • Engagement with non-compliant companies
          0/0
          Engagement with non-compliant companies
          0/0
          Does the financial institution engage with NGOs/CSOs/IPLCs/rightsholders on the ground as part of their engagement?: No
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Type of reporting: Certification + compliance AMDAL
          "Bank Mandiri encourages debtors to have the required certification. Oil palm and CPO plantation debtors are required to own or register their company to obtain ISPO (Indonesian Sustainable Palm Oil) and/or RSPO (Roundtable on Sustainable Palm Oil) certification. In the reporting year, there were 88% of debtors of oil palm and CPO plantations in the wholesale segment who have obtained or are in the process of ISPO certification. In addition, all debtors (100%) have complied with the AMDAL requirements, and there are debtors who obtained the Blue, Green, or Gold PROPER predicate in 2021." In 2019 "• Out of the total 57 palm oil companies that became debtors of Bank Mandiri, 44 companies were already/currently in the process of certifying Indonesian Sustainable Palm Oil (ISPO) and 22 companies already had Roundtable Sustainable Palm Oil (RSPO) certification."
          Open source document Open source document
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          Yes
          2/2
          Publicly accessible grievance mechanism
          Yes
          2/2
          Does the financial institution report/publish any of the grievances made against it and/or its clients/holdings in the past 12 months?: No

          What does the grievance mechanism cover?: Deforestation/conversion; Associated human rights
          "Whistleblowing System (WBS) named Letter to CEO (LTC) is an integral part of the implementation of Good Corporate Governance as it encourages accountability and transparency within the company. This system protects the company by providing input regarding threats that may harm the company. The existence of the Whistleblowing System is also a means of preventing acts that violate ethics and the law."
          Open source document
        • Remediation of environmental or social harms
          No
          0/4
    • Soy
      4/90
      • Policy Strength
        2/28
        • Commodity-specific deforestation financing policy
          0/8.8
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must be legally operated
          1.7/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
        • Clients/holdings must monitor operations
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must conduct risk assessments
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Associated Human Rights Abuses
        0/27
        • Clients/holdings must test Free, Prior and Informed Consent
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must have a grievance mechanism
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect labour rights
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        2/35
        • Assess client/holding exposure prior to onboarding
          No
          0/5
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant clients/holdings
          No
          0/5
        • Engagement with non-compliant companies
          0/0
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          Yes
          2/2
          Publicly accessible grievance mechanism
          Yes
          2/2
          Does the financial institution report/publish any of the grievances made against it and/or its clients/holdings in the past 12 months?: No

          What does the grievance mechanism cover?: Deforestation/conversion; Associated human rights
          "Whistleblowing System (WBS) named Letter to CEO (LTC) is an integral part of the implementation of Good Corporate Governance as it encourages accountability and transparency within the company. This system protects the company by providing input regarding threats that may harm the company. The existence of the Whistleblowing System is also a means of preventing acts that violate ethics and the law."
          Open source document
        • Remediation of environmental or social harms
          No
          0/4
    • Timber, Pulp & Paper
      4/90
      • Policy Strength
        2/28
        • Commodity-specific deforestation financing policy
          0/8.8
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must be legally operated
          1.7/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "Consistently, Bank Mandiri ensures that financing policies have considered ESG aspects in accordance with applicable laws and regulations. To that end, Bank Mandiri has compiled and conducted periodic reviews of various internal policies, both at the level of Credit Policy, Standard Credit Procedures, and Technical Guidelines related to the credit process. At the level of Credit Policy and Standard Credit Procedures, it is generally regulated that Bank Mandiri avoids loans that are not in accordance with applicable legal provisions, financing for projects or businesses that seriously endanger the environment, protected areas such as World Heritage Sites (UNESCO World Heritage Sites)., as well as the fulfillment of Environmental Impact Analysis (AMDAL) and Environmental Management Efforts - Environmental Monitoring Efforts (UKL-UPL)."
            Open source document
        • Clients/holdings must monitor operations
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must conduct risk assessments
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Associated Human Rights Abuses
        0/27
        • Clients/holdings must test Free, Prior and Informed Consent
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must have a grievance mechanism
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect labour rights
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        2/35
        • Assess client/holding exposure prior to onboarding
          No
          0/5
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          0/0
        • Engagement with non-compliant clients/holdings
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          Yes
          2/2
          Publicly accessible grievance mechanism
          Yes
          2/2
          What does the grievance mechanism cover?: Deforestation/conversion; Associated human rights

          Does the financial institution report/publish any of the grievances made against it and/or its clients/holdings in the past 12 months?: No
          "Whistleblowing System (WBS) named Letter to CEO (LTC) is an integral part of the implementation of Good Corporate Governance as it encourages accountability and transparency within the company. This system protects the company by providing input regarding threats that may harm the company. The existence of the Whistleblowing System is also a means of preventing acts that violate ethics and the law."
          Open source document
        • Remediation of environmental or social harms
          No
          0/4
  • Commitment strength
    5/28
    Avg. score
  • Implementation and Reporting
    5/35
    Avg. score
  • Associated Human Rights Abuses
    0/27
    Avg. score

Profile

Bank Mandiri are a bank and financial service provider headquartered in Indonesia serving corporate and private clients. Their services span consumer, corporate, commercial, micro, retail, treasury and international banking including loans and mortgages. As of 2022, Bank Mandiri's total consolidated assets amount to more than 1,700 trillion IDR with more than 1,100 trillion IDR in loans. In the 2022 selection, Bank Mandiri was providing 3.7 billion USD to the Forest 500 companies.

HQ
HQ 
Indonesia
Financial institution type
Financial institution type 
FI

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Full finance sector performance data Forest 500 assessment methodology

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Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.