In addition to mangrove planting, sustainability initiatives include providing an organic waste management facility, supporting a campaign to reduce single-use plastics and aiding small and medium enterprises. This environmental sustainability commitment is part of the effort to achieve carbon neutrality by 2023 and to support the preservation of coastal ecosystems in Bali, making the mangrove planting activity highly significant.

Last year, Maybank Indonesia planted 2,000 mangroves at the Mangrove Arboretum Park in Tanjung Benoa, Bali. These trees are growing well and are continuously monitored to ensure optimal growth. In 2024, Maybank Indonesia will involve Maybank Marathon participants in planting 2,500 mangroves at the same location. From the total 4,500 mangroves planted, it is expected that they will help absorb 247,310.95 kgCO2e over an eight-year lifespan, equivalent to saving 277,566 kWh of electricity or reducing car travel by 3.8 million km.

Additionally, Maybank Indonesia will provide an organic waste management facility in Sanding village, Gianyar. This facility is expected to process up to 500 kg of organic waste per day, gradually producing natural fertilizers beneficial for local agriculture.

Furthermore, the organic waste management facility aims to help Bali address waste issues that impact the environment and tourism, especially due to the lack of waste management infrastructure, despite growing public awareness of the importance of waste management.

The organic waste management facility based on black soldier fly (BSF) technology, established by Maybank Indonesia, will involve the local community and generate an optimal economic impact. The surrounding community will be educated on waste management and sorting, as well as introduced to the workflow of the BSF-based waste management facility. This program is expected to generate income for the community through a waste bank scheme or for public benefit.

“We are very enthusiastic about launching Maybank Indonesia's sustainability initiatives as part of the Maybank Marathon 2024 in Bali. Through collaboration with local communities and strategic partners, we hope these sustainability initiatives will create a lasting positive impact on the environment and the people of Bali, in line with the bank’s mission of Humanising Financial Services,” said Maybank Indonesia president director, Steffano Ridwan.

Maybank Indonesia is closely monitoring the current situation related to sustainability, including waste management, which is linked to climate concerns. This is a focus for Maybank Indonesia, particularly in its efforts to realize the Maybank Group's M25+ priority strategy of becoming a leader in environmental, social and governance (ESG) issues in the ASEAN region.

“The collaboration on mangrove planting with Jejakin and the organic waste management facility with BenihBaik.com is a tangible action in realizing sustainability, which is fundamental to our business journey,” added Steffano.

In the same event, Jejakin COO, Andreas Djingga, welcomed Maybank Indonesia's initiative to collaborate again in mangrove planting at the Mangrove Arboretum Park, Benoa, Bali, this year. “The mangroves planted will be monitored for their growth using our technology. We hope this commitment to environmental conservation will continue during future Maybank Marathons,” said Andreas.

Meanwhile, BenihBaik.com chief of partnership Greeny Dewayanti stated that corporate social responsibility activities have now transformed into sustainable practices that fulfill ESG criteria in the long term, ensuring that waste management not only improves the environment but also benefits the communities involved.

The assistant for economic and development affairs, secretary of the Bali administration, Dr. I Wayan Serinah, emphasized the importance of ongoing efforts to promote Bali's green economy. "Bali's growth and the environmental protection efforts by various parties, including Maybank Indonesia, are truly remarkable. Through this collaboration, Bali's forest cover, initially at 23 percent, has now increased to 28 percent. For mangrove forests, which cover 3,000 hectares, we have now achieved 44 percent coverage, or about 1,300 ha, with 17 true mangrove species and 16 other species. Today, we are planting 2,500 mangroves with the hope that all will grow well. Our shared responsibility is to ensure these mangroves thrive and continue contributing to the environment of Bali and Indonesia. I want to extend my deepest gratitude to Maybank Indonesia for its contribution to protecting the earth through this mangrove planting. Let us continue to commit to safeguarding Bali and its surrounding environment."

This article is in partnership with Maybank

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