Bank DBS Indonesia offers BNP Paribas SRI-Kehati mutual fund, inviting customers to donate mangrove trees while investing
Indonesia, 07 Feb 2023 - Environmental, Social, and Governance (ESG)-focused assets under management (AuM) in Asia-Pacific are expected to grow by more threefold to US$3.3 trillion by 2026
[1]
, faster than the growth of products in other asset and financial markets. The impressive growth is supported by the increasingly diverse ESG-focused investment products to satisfy public demand for investing. One of the products is BNP Paribas SRI-Kehati Index Mutual Fund from PT BNP Paribas Asset Management whose potential investment growth rate follows the performance of the SRI-KEHATI Index. Consistent with the principles of sustainable and responsible investment (SRI), BNP Paribas SRI-Kehati has been available on the digibank by DBS application since November 18, 2022. Customers can buy and manage investment products according to the latest market conditions anywhere, anytime, in just one click.
Head of Investment and Insurance Products PT Bank DBS Indonesia
Djoko Soelistyo
said, “While focusing on digital transformation, we want to develop sustainable digital innovation to ensure service flexibility for customers and to enable them to seize investment opportunities at the right time. Now that BNP Paribas SRI-Kehati is available on the digibank by DBS application, customers can navigate the app and manage their wealth according to trends, support the government in creating a positive investment climate, and contribute to biodiversity."
BNP Paribas SRI-Kehati is a passive index mutual fund designed to replicate the performance and movement of the SRI-KEHATI index suitable for aggressive investors with long-term investment goals. The SRI-KEHATI index is comprised of 25 issuers selected by KEHATI Foundation for their achievements in promoting sustainable goals, as well as their high awareness of the environmental, social and good corporate governance aspects
[2]
. Unlike traditional investment products aimed solely at offering financial returns for investors, the BNP Paribas SRI-Kehati mutual fund also provides opportunities for customers to contribute to society and the environment through activities coordinated by KEHATI Foundation.
By purchasing BNP Paribas SRI-Kehati on the digibank by DBS application until March 31, 2023, customers can donate one mangrove tree and will be awarded an e-certificate for mangrove tree planting as a manifestation of the collaboration between Bank DBS Indonesia and LindungiHutan. On January 28, 2023, Bank DBS Indonesia planted the first 1,000 mangrove trees in Bedono Village, Demak, Central Java. The trees were donated by customers through the purchase of the BNP Paribas SRI-Kehati mutual fund
"As a purpose-driven bank, Bank DBS Indonesia actively supports efforts to achieve the sustainable development goals in Indonesia through our entire strategies and daily business operations, including by providing ESG-focused products to customers. By purchasing BNP Paribas SRI-Kehati on the digibank by DBS application, customers can not only take full advantage of the momentum of the latest investment trends but also contribute directly to environmental preservation,"
Djoko Soelistyo
concluded
.
Commenting on the support for the initiative, Chief Executive Officer PT BNP Paribas Asset Management
Priyo Santoso
said, "As an investment management partner, the program is aligned with our mission when we launched BNP Paribas SRI-Kehati, which is to support the concept of impact investing. Through the fund, investors can make financial investments while contributing to environmental preservation. We are proud to partner with Bank DBS Indonesia that plays an important role in the preservation of biodiversity, not only through the BNP Paribas SRI-Kehati mutual fund but also through the mangrove tree planting activity as part of the programme."
About DBS
DBS is Asia's leading financial services group, with a presence in 19 countries. Headquartered and registered in Singapore. DBS is positioned within three major Asian growth axes: China, Southeast Asia and South Asia. DBS's "AA-" and "Aa1" credit ratings are among the highest in the world.
Known for its global leadership, DBS was named
“ World's Best Bank ”
by Global Finance,
“ World's Best Bank ”
by Euromoney and
“ Global Bank of the Year ”
by The Banker. DBS is at the forefront of leveraging digital technology to shape the future of banking, being shortlisted
“ World's Best Digital Bank ”
by Euromoney and
“ Most Innovative in Digital Banking”
in the world by The Banker. In addition, DBS received an award
“ Safest Bank in Asia ”
from Global Finance for 14 consecutive years from 2009 to 2022.
DBS provides a full range of services for customers, SMEs, and also corporate banking. As a bank born and raised in Asia, DBS understands the ins and outs of doing business in the region's most dynamic market. DBS is committed to building lasting relationships with customers and being a bank the Asian bank way. Through the DBS Foundation, banks create a positive impact that goes beyond banking through supporting social entrepreneurs: businesses that focus on balancing profits and social and/or environmental impacts. The DBS Foundation also contributes to society in various ways, including preparing people with skills needed in the future and building food security
With an extensive operational network in Asia and a strong focus on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit
www.dbs.com
.
About PT. BNP Paribas Asset Management
Established in 1992, PT. BNP Paribas Asset Management (“Company”) is one of the leading investment management companies in Indonesia. The company offers investment management services for both institutional and retail customers, in the form of Fund Management Contracts and Mutual Funds. The company also cooperates with several banks, securities companies and other leading financial institutions in Indonesia in marketing its Mutual Funds. Supported by more than 50 (fifty) professional workers, the company has a total managed fund of IDR 32.88 trillion
(1)
. The company has received awards from various regional media including "Best Fund House, Indonesia" in 2019 and "Best Islamic Fund House, Indonesia" in 2020 and 2022 by Asia Asset Management, "Asset Management Company of The Year - Indonesia" by The Assets in 2010, 2011, 2012, 2014, 2015, 2017, 2019, 2020 and 2021, “Fund House of the Year – Indonesia” by Asian Investor in 2012 and 2017, “Asset Management of the Year” by Asia Asset Management in 2010, 2011, 2012, 2014, 2015 and 2017 as well as “Best Islamic Asset Management House of the Year” by The Asset in 2017, 2018, 2019 and 2020 and “ESG Asset Management Company of the Year” by The Asset in in 2020. The company has also been awarded the "Best Investor Education" by Asia Asset Management in 2019 for its commitment to education through the BNP Paribas AM Investment Academy program and the #Aku BisaInvestasi education campaign.
(1) Source: PT. BNP Paribas Asset Management, December 2022.
For more information, visit the website
www.bnpparibas-am.co.id
, Twitter and Instagram @BNPPAM_ID .
BNP Paribas Asset Management is licensed and supervised by the Financial Services Authority.
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INVESTMENT THROUGH MUTUAL FUNDS CONTAIN RISK. BEFORE DECIDING TO INVEST, PROSPECTIVE INVESTORS MUST READ AND UNDERSTAND THE PROSPECTUS. PAST PERFORMANCE DOES NOT GUARANTEE / REFLECT ANY FUTURE PERFORMANCE. THE FINANCIAL SERVICES AUTHORITY DOES NOT PROVIDE ANY STATEMENT OF APPROVAL OR DISAPPROVEMENT OF THESE SECURITIES, NOR STATES THE CORRECTNESS OR ADEQUACY OF THE CONTENT OF THIS MUTUAL FUND PROSPECTUS. ANY STATEMENT CONTRAST THESE ARE UNLAWFUL ACTIONS.
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[1]
https://www.pwc.com/gx/en/news-room/press-releases/2022/awm-revolution-2022-report.html
[2]
https://idx.co.id/id/product/index/
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