Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable Finance
• Human Rights
• Labor Protection
• Environmental Responsibility
• Anti-Corruption

Environmental Achievements

• Reduced energy and water consumption (quantified data not explicitly provided, but mentioned as an area of focus and improvement)

Social Achievements

• Launched Jago Syariah App to cater to the sharia banking segment
• Launched Jago Merchant, integrating Jago features into GoBiz app for MSMEs
• Conducted various financial education programs targeting MSMEs
• Increased financing portion directed to MSMEs

Governance Achievements

• Established a designated unit to focus on ESG-related issues
• Completed a comprehensive ESG plan based on the UN Global Compact's 10 principles
• Improved and strengthened governance and risk management framework
• Implemented liveness detection technology for enhanced KYC

Climate Goals & Targets

Environmental Challenges

• Rising market uncertainty due to geopolitical tensions and the lingering impact of COVID-19
• Increased competition in the banking sector
• Need to improve service delivery speed and quality
• Increased cyber security threats

Mitigation Strategies

• Focused growth strategy in four areas: digital banking for MSMEs, enhanced digital products for conventional banking, launch of Jago Syariah app, and strengthening Good Corporate Governance
• Launched Jago Syariah app and piloted Jago Merchant
• Invested in a stronger cybersecurity system and obtained ISO/IEC 27001 certification
• Implemented comprehensive protection measures covering people, process, and technology aspects of cybersecurity

Supply Chain Management

Responsible Procurement

• 99.5% of suppliers are local

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, OJK Regulation No. 51/2017 (Sustainable Finance), OJK Circular No. 16/2021 (Annual Reports), OJK Circular No. 9/2020 (Transparency of Publications)

Certifications: ISO/IEC 27001 (Cybersecurity and data protection)

Sustainable Products & Innovation

• Jago Syariah App
• Jago Merchant

Awards & Recognition

• Best Companies to Work For in Asia (HR Asia)

Environmental Metrics

ESG Focus Areas

• Financial Inclusion
• Sustainable Finance
• Digital Talent Development
• Environmental Sustainability
• Community Empowerment

Environmental Achievements

• Launched Jago Digital Academy (JDA) with 1,128 participants from the public, partners, and Bank Jago, focusing on software engineering, data science, product management, and banking skills.
• Reduced carbon footprint due to tech-based operations and limited branch network.
• Adopted green portfolio reporting following the Indonesia Green Taxonomy (THI) criteria.

Social Achievements

• Launched Jago Digital Academy (JDA) to address the digital competency gap in Indonesia.
• Launched GoPay Tabungan by Jago, facilitating financial transactions for GoPay users and Jago customers.
• Launched GoPay Tabungan Syariah by Jago for sharia-compliant transactions.
• Increased user base from 5.1 million to 8.1 million.

Governance Achievements

• Implemented a comprehensive ESG plan based on UN Global Compact principles.
• Established a dedicated Sustainability Team.
• Maintained strong communication with regulators, ensuring operational alignment with regulatory requirements.
• Received a positive assessment in banking health and compliance.

Climate Goals & Targets

Environmental Challenges

• Global uncertainties (war in Ukraine, US-China rivalry, inflation, high interest rates).
• Competition in the digital banking sector.
• Lack of shared perception among stakeholders about sustainable finance.
• Limited know-how for implementing sustainable business activities and managing associated risks.

Mitigation Strategies

• Maintained a robust capital base (CAR of 61.8%).
• Consistently invested in technology, talent, and risk infrastructure.
• Enhanced connectivity through strategic partnerships.
• Implemented stringent risk management for products.
• Periodic reviews of financing distribution, considering quality, partner capabilities, and risk mitigation.

Supply Chain Management

Responsible Procurement

• Suppliers must fulfill social and environmental sustainability criteria, including signing an anti-bribery and anti-corruption statement.

Climate-Related Risks & Opportunities

Transition Risks

• Reputational vulnerabilities

Opportunities

• Providing inclusive financial products and services to support sustainable development and climate change mitigation.

Reporting Standards

Frameworks Used: GRI Standards, TCFD recommendations, SASB, SUSBA (WWF)

Certifications: ISO/IEC 27001 (cybersecurity and data protection)

Sustainable Products & Innovation

• GoPay Tabungan by Jago
• GoPay Tabungan Syariah by Jago