From Financing to Real Action, Bank Mandiri Strengthens Green Commitment on Earth Day
Marking the occasion of Earth Day 2026, Bank Mandiri has emphasised its commitment to sustainability as an integral part of the bank’s business strategy and operations. Embracing the spirit of Sinergi Majukan Negeri, Bank Mandiri is strengthening its role as a catalyst in accelerating Indonesia’s green economy through data-driven approaches, tangible implementations, and sustainable impacts.
Bank Mandiri’s Deputy Director Henry Panjaitan stated that as of March 2026, the bank’s sustainable financing portfolio reached approximately Rp 320 trillion, growing 8.8% year-on-year. This includes Rp 167 trillion in green financing and Rp 153 trillion in social financing.
This achievement positions Bank Mandiri as the market leader in green financing in Indonesia, with a share of more than 35% compared to the three major national banks.
“We are optimistic that sustainable financing will continue to grow at 7-9% annually, in line with the bank’s overall credit growth targets. Amid the dynamics of domestic and global macroeconomic conditions, we remain focused on prudent principles in expanding financing,” said Henry.
This optimism is supported by a solid pipeline. Approximately 77% of the financing comes from sectors aligned with national development agendas, including energy resilience financing such as renewable energy and energy efficiency, eco-efficient products, inclusive housing through the FLPP programme, and strengthening productive financing.
Throughout 2025, Bank Mandiri also issued Green Bond Phase 2 and Sustainability Bond Phase 1, with a total value of Rp 10 trillion. This financing was directed towards sustainable projects.
In addition, Bank Mandiri is actively collaborating with regulators and stakeholders through various forums such as Focus Group Discussions (FGDs), roundtables, and pilot programmes, including the development of new financing schemes in priority sectors like waste-to-energy.
Bank Mandiri is also expanding access to sustainability solutions for the public. The bank is encouraging public participation through the launch of the Greenhouse Gas Emission Reduction Certificate (SPE-GRK) feature for retail segments on the Livin’ Planet platform in the Livin’ by Mandiri app. Through this feature, customers can calculate their emission footprint, perform carbon offsets, and directly purchase SPE-GRKs.
The currently available SPE-GRK comes from the Sei Mangkei Biogas Power Plant (PLTBg) project owned by Pertamina New & Renewable Energy, with a capacity of 2.4 MW in North Sumatra, which processes Palm Oil Mill Effluent (POME) waste into renewable energy. This project contributes to reducing emissions by around 265,000 tonnes of CO2e, equivalent to the emissions from approximately 30,000 petrol-fuelled vehicles.
This initiative, a collaboration between Bank Mandiri and IDXCarbon, also expands access to the carbon market, which was previously more accessible to corporate segments, making it more inclusive for the wider public.