Bank DBS Indonesia reveals prospects of ESG investing in the Year of the Water Tiger | Bahasa

Indonesia, 10 Feb 2022 - Bank DBS Indonesia, as a trusted wealth management partner, holds the DBSI Spring Festival annually to welcome the Chinese New Year. DBSI Spring Festival 2022, which took “Roaring to Win 2022” as the theme, featured PT Pertamina (Persero) President Commissioner Basuki Tjahaja Purnama, Head of Indonesia Stock Exchange Business Development Division Ignatius Denny Wicaksono, and President Director of PT Eastspring Investments Indonesia Alan J. Tangkas Darmawan to present expert insights into business prospects and sustainable wealth or the principles of Environmental, Social, and Governance (ESG). The event also featured feng shui expert Angelina Fang from Feng Shui Consulting Indonesia to discuss top investment trends to watch in the year of the Water Tiger. Various industrial sectors are adopting sustainable practices, contributing to the rapid development of sustainable industries. According to Global Sustainable Investment Alliance Review 20211, sustainable investments total USD35.3 trillion or more than a third of all assets in five of the world's largest markets. In the period 2018-2020, the amount of sustainable and responsible investments (SRI) increased by 15% globally. In Indonesia, there has been a significant increase in ESG investing. Since it was first launched in 2014, the number of products and funds managed by ESG-themed mutual funds has increased drastically. According to Financial Services Authority (OJK) December 2020 data, there are 14 ESG mutual funds with IDR3.062 trillion worth of assets under management.

Rudy Tandjung, Director of Consumer Banking Group, PT Bank DBS Indonesia, explained, “With sustainable finance, the banking industry participates in efforts to maintain environmental sustainability and balance, including DBS Group, with its commitment to achieving net zero emissions by 2050. In line with its commitment as a purpose-driven bank, Bank DBS Indonesia continues to personalize and communicate sustainable investment trends, including through DBSI Spring Festival 2022, so that customers can maximize their wealth management. To coincide with the momentum of the Year of the Water Tiger, Bank DBS Indonesia invited customers to seize the investment opportunities offered by various ESG-based industries through the Eastspring IDX ESG Leaders Plus Index Mutual Fund denominated in rupiah, making it the first index mutual fund based on the performance of the IDX ESG Leaders index. To facilitate investors, the product is available via the digibank by DBS application to allow customers to register their Single Investor Identity (SID) and access transactions 24/7.”

Referring to the various views and focuses promoted by the Indonesian government this year, ESG investing is an instrument worth consideration. According to the Ministry of Industry, the transition to green industry requires the strengthening of the health sector, an acceleration of digital transformation, and energy transition. This is in line with the Indonesian government’s plan of achieving the Sustainable Development Goals (SDGs) by 2030.

On the same occasion, Basuki Tjahaja Purnama, President Commissioner of PT Pertamina (Persero), said, “Pertamina’s commitment to supporting the use of environmentally friendly energy was demonstrated by the establishment of the Power & New Renewable Energy (NRE) Sub-holding, which is the future of Pertamina. Pertamina is striving to support the Indonesian government in reducing carbon emissions by 29% by 2030. In addition to the establishment of the NRE Sub-holding, during the energy transition period, Pertamina is also innovating to transform gas as the preferred environmentally friendly fuel and developing the petrochemical business because Pertamina also has an important duty to optimize foreign exchange earnings.”

Meanwhile, Angelina Fang, feng shui expert from Feng Shui Consulting Indonesia, said, “Due to the strong wood element in the Year of the Water Tiger, there will be a public tendency to explore, increased public mobility and impulsivity. To maintain harmony this year, people need to control their impulsivity because it can lead to reckless acts, including in making financial decisions. On the other hand, a bolder attitude in taking chances, including in taking investment opportunities, is also needed by learning about the chances and risks. Beginners can start by taking a small step because one small step forward is also progress to success.”

 

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About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 13 consecutive years from 2009 to 2021.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.