PT Bank Rakyat Indonesia Persero Tbk : BBRI Newsletter - BRI MSCI Rating Upgraded to A
December 21, 2022 at 08:17 am
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I N VE S TO R N E W S LE T T E R
BRI MSCI ESG RATING UPGRADED TO "A"
December 2022
BRI MSCI ESG RATING UPGRADED TO "A"
As of November 23, 2022, Bank Rakyat Indonesia received an MSCI ESG Rating of "A",
improving last year's rating from BBB.
MSCI ESG rating score ranges on a scale of AAA (leader) to CCC (laggard), according to company exposure to the most relevant industry-specific key issues on ESG risks and the ability to manage those risks relative to peers.
The rating report analyses the company's business practices related to the three main pillars Environment, Social, and Governance, which cover seven areas: Financing Environmental Impact, Consumer Financial Protection, Human Capital Development, Access to Finance, Privacy & Data Security, Corporate Governance, and Corporate Behaviour.
The Rating report stated that one of the upgrades is driven by BRI's customer financial protection initiatives, the report notes that BRI already adopts industry-best practices such as complaint reviews as well as staff training on transparent lending to protect customer interests.
BRI also received the highest score on Human Capital compared to the Industry Average. BRI scored 10 out of 10 in Human Capital and was included in the Top 5 Industry Leaders. This is
ESG Rating
A
BBB
20212022
driven by low proportion of operations reliant on highly skilled workers compared to peers, and/or the company has not had recent restructuring or significant layoffs. It also notes that BRI has comprehensive employee development efforts.
While on Data Protection, MSCI also noted that BRI has a Low risk of data breaches or regulatory scrutiny compared to peers. The initiatives to address data privacy and security appear stronger than peers.
The rating upgrade is the result of BRI's commitment to progressively improving ESG implementation in all banking aspects as well as BRI's continuous improvement in the disclosure of ESG data, as shown inBRI'sSustainability Report.
PT BANK RAKYAT INDONESIA (Persero) Tbk.
Investor Relations
7th floor BRI II Building
Jl. Jenderal Sudirman Kav 44-46 Jakarta 10210, Indonesia
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BRI - PT Bank Rakyat Indonesia (Persero) Tbk published this content on 21 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2022 08:16:04 UTC.
PT Bank Rakyat Indonesia (Persero) Tbk is an Indonesia-based banking company. The Company focuses on micro, small and medium enterprises (MSME) and microfinance in Indonesia. Its savings products include Simpedes, BritAma, BritAma Bisnis, BritAma X, Simpedes TKI, Hajj Pilgrimage Savings Account, BritAma Rencana, BritAma Valas, Junio, Tabungan BRI Simpel and TabunganKu. The Companyâs time deposits include Rupiah Time Deposit, Foreign Currency Time Deposit and Internet Banking Deposit. Its current account includes BRI Rupiah Giro and BRI Foreign Currency Giro. Its corporate business banking services include business services, financial services, institutional services, treasury, custodian services, trustee services and cash management services. The Company operates approximately 18 regional offices, approximately 459 branches and over 579 sub-branches. The Company offers services in Borneo, Sulawesi, Maluku, Papua, Nusa Tenggara, Java, and Sumatra.