IMPLICATIONS OF GREEN BANKING IMPLEMENTATION FOR BANK IN INDONESIA

Yennie Agustin M.R , Hamzah , Sunaryo , Kasmawati

Sustainable Development, Environmental Law, Green Banking

Bank must now focus on environmental protection, known as Green Banking in accordance with the regulations of the Financial Services Authority Regulation Number 51/POJK.03/2017. The challenge is how to implement the law and its implementation towards the banking change towards the concept of Green Banking. The legal implications of Green Banking regulation require banks to pay attention to environmental sustainability aspects and contribute to other sectors with similar objectives, in line with the government's agenda. Banks should avoid lending to businesses that have the potential to harm the environment, social, and governance. Current credit policies already consider environmental and social aspects by demanding environmental impact analysis and Public Disclosure Program for Environmental Compliance (PROPER) assessments, as well as monitoring environmental certifications such as the Indonesian Sustainable Palm Oil (ISPO) or the Roundtable on Sustainable Palm Oil (RSPO) for palm oil companies.

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"IMPLICATIONS OF GREEN BANKING IMPLEMENTATION FOR BANK IN INDONESIA", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.9, Issue 5, page no.1199 - 1203, May-2024, Available :https://ijsdr.org/papers/IJSDR2405157.pdf

Volume 9 Issue 5, May-2024

Pages : 1199 - 1203

Paper Reg. ID: IJSDR_211443

Published Paper Id: IJSDR2405157

Downloads: 000347280

Research Area: Social Science and Humanities 

Country: Kab. Pringsewu, Lampung, Indonesia

Published Paper PDF: https://ijsdr.org/papers/IJSDR2405157

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2405157

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

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