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IIF achieves ESG Entity rating of 2 from Sustainable Fitch
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(Courtesy of IIF)
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T Indonesia Infrastructure Finance (IIF) has once again achieved a commendable milestone when it obtained an ESG Entity Rating of 2 from Sustainable Fitch on Aug. 26, 2024.
IIF's ESG score increased 2 points to 68 this year from 66 in 2023, reflecting the company’s strong commitment to implementing environmental, social and governance (ESG) principles across all business activities.
This achievement was driven by various factors, including but not limited to enhanced transparency in ESG data reporting, infrastructure projects with positive environmental impacts (58 percent of investment value) and social impacts (59 percent) in sectors such as telecommunications, renewable energy, water supply and transportation.
IIF has invested over US$1 billion in infrastructure projects that positively affect communities and the environment across Indonesia.
As of mid-2024, IIF has integrated ESG principles into 69 infrastructure projects in 14 provinces, including remote areas outside Java.
These projects, which comprise 21 clean energy projects, 40 socially impactful projects and eight environmentally focused business activities (KUBL), have a combined investment value totaling Rp 7.6 trillion ($489 million).
"We continue to innovate in integrating ESG principles into all aspects of IIF's business,” said Rizki Pribadi Hasan, chief financial officer of IIF.
“Through the development of sustainable financial products and services, we hope to encourage more responsible business practices and prioritize sustainability in the infrastructure sector."
With its latest achievement, IIF has further solidified its position as a catalyst for sustainable infrastructure development through the application of ESG toward a more sustainable Indonesia.
