Sustainalytics ESG Risk Rating Financial Year 2025
PT Bank Syariah Indonesia (Persero) Tbk
Environment
| Indicators | Criteria | Source Information | Explanation |
| Environmental Policy | Commitment to environmental protection | SR 151 | Yes, BSI continues to demonstrate its commitment to supporting environmental preservation. Although the Bank’s operational activities do not have a direct impact on the physical environment, BSI continues to take an active role through various environmentally friendly initiatives. One of these is a productive tree-planting program in Semoyo Village, Yogyakarta, as an effort to rehabilitate land and improve environmental quality. |
| Commitment to use natural resources or energy more efficiently | SR 29 | Yes, BSI committed to use natural resources or energy more efficiently, consisting of:
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| Commitment to report regularly on environmental issues | SR 89 | Yes, BSI committed to report regularly on environmental issues. Sustainability performance is reported through a tiered mechanism. Senior executives responsible for sustainability submit monthly updates on RAKB implementation and ESG performance to the Board of Directors. | |
| Commitment to consult with stakeholders on environmental issues | SR 89 | Yes, BSI consults with stakeholders on environmental issues, in dialogue with shareholders and regulators as part of stakeholder engagement. Beyond internal forums, the Board of Commissioners is also involved in due diligence processes through the GMS and in dialogue with shareholders and regulators as part of stakeholder engagement. | |
| Commitment to monitor the company’s environmental performance | SR 8 | Yes, BSI committed to monitor the Company's environmental performance by Development of Digital Carbon tracking to obtain carbon emission baseline | |
| Commitment to implement an environmental management system | SR 89 | Yes, BSI implements an environmental management system through ESG governance, ensuring that sustainable finance processes and policies are carried out consistently under the supervision of its Board of Commissioners, Board of Directors, and Sharia Supervisory Board. | |
| Approved by senior management or the board of directors | https://ir.bankbsi.co.id/misc/esg/Sustainable-Finance-Standard-Operating-Procedures.pdf | Yes, BSI' environmental policy (Sustainable Finance Standard Operating Procedure) approved by Board of Directors. Sustainable Finance Standard Operating Procedure has been approved by Bob Tyasika Ananta, Vice President Director of PT Bank Syariah Indonesia (Persero) Tbk., and Grandhis H. Harumansyah, Director of Risk Management of PT Bank Syariah Indonesia (Persero) Tbk. | |
| Commitment to reduce emissions, releases and waste | SR 152 | Yes, BSI committed to reduce emissions, releases and waste. In 2025, BSI further advanced its energy-efficiency initiatives and renewable-energy adoption as part of its broader Sustainable Operations transformation. By strengthening green infrastructure and digitizing energy monitoring, the Bank ensured that its operational practices align with environmentally responsible principles. | |
| Commitment to create environmental awareness | SR 133 | Yes, BSI committed to create environmental awareness. To strengthen the implementation of sustainable finance, BSI continues to foster a sustainability-oriented culture involving all employees and customers. A series of green campaigns is regularly carried out at the head office and across branch networks nationwide. These campaigns aim to reduce the use of energy and natural resources, minimize single-use plastics, and promote environmentally responsible habits. | |
| Credit and Loan Standards | Credit and Loan Standards | AR 573 | Yes, BSI implements credit loan standards, In managing these risks, BSI has established a credit and investment risk management organizational structure to ensure financing activities are conducted in accordance with prudential principles. The Bank applies three organizational pillars in the financing process.
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| Responsible Asset Management | Responsible Asset Management | SR 96 | Yes, BSI implements responsible asset management by integrating climate risk considerations into its financing portfolio. BSI conducts Climate Risk Stress Testing (CRST) to assess the resilience of its portfolio under various climate scenarios and uses the results to adjust portfolio strategies, including managing exposure to high-emission sectors and increasing allocation to priority green sectors. This approach reflects BSI’s commitment to strengthening portfolio resilience while supporting the transition to a low-carbon economy. |
Social
| Indicators | Criteria | Source Information | Explanation |
| Freedom of Association Policy | Freedom of Association Policy | SR 179 | Yes, BSI has a freedom of association policy in place. Company Regulation negotiated between management and the Employee Union applies to all BSI employees, whether union members or not. As a result, employment terms, rights, and obligations for non-union employees remain governed by the CLA and national labor regulations, ensuring fair and consistent treatment for everyone. BSI guarantees employees’ freedom to associate, assemble, and voice their views within the boundaries of applicable laws. |
| Diversity Programmes | Diversity monitoring or audits | AR 390 | Yes, BSI monitors diversity, In 2025, this diversity is reflected in a balanced combination of age, educational background, professional experience, and gender representation |
| Initiatives to recruit from diverse talent | SR 172 | Yes, BSI always committed to providing equality in employment opportunities. Throughout 2025, BSI strengthened its inclusive and equitable employment framework. BSI ensures that every individual receives equal opportunity in recruitment, training, career advancement, remuneration, and performance assessment. The Bank strictly enforces non discrimination policies, guaranteeing that employment decisions are based solely on merit, competency, and performance. | |
| Employee affinity groups, diversity councils, or networking groups | SR 179 | Yes, BSI guarantees employees’ freedom to associate, assemble, and voice their views within the boundaries of applicable laws. The Bank has established the BSI Employee Union as its official labor organization. As of the end of 2025, the union’s membership totaled 8,732 employees, representing 52.66% of the workforce | |
| Mentorship programmes | SR 176 | Yes, BSI implements mentorship programmes as part of its employee development initiatives. As part of its commitment to developing high-calibre talent, BSI continuously encourages every employee to enhance their capabilities through structured and tiered training and development programs. Competency development focuses on fundamental, managerial, and leadership aspects, delivered through various methods including classroom training, mentoring, job rotation, leadership coaching, and feedback session | |
| Managerial or board level responsibility for diversity initiatives | AR 390 | Yes, BSI has managerial and board level responsibility for diversity initiatives, The composition of the Board of Directors, the Board of Commissioners, and the Sharia Supervisory Board reflects a balanced mix of individual characteristics, including expertise, knowledge, professional experience, educational background, age, gender, integrity, and understanding of Sharia banking, to support effective management and oversight. | |
| Training and guidance regarding diversity | SR 34 | Yes, BSI provides training and guidance regarding diversity through its human capital policies. In supporting and upholding human rights, BSI has implemented an PTO governing the Respectful Workplace Policy (RWP). This guideline serves as a reference for all BSI employees to foster a workplace free from discrimination, violence, and harassment, while promoting an inclusive environment that values diversity and equality, including support for employees with special needs, as part of BSI’s commitment to respecting human rights. Throughout 2025, there were no reported human rights violations across BSI’s operational activities | |
| Initiatives supporting a diverse workforce | SR 172 | Yes, BSI supports initiatives that foster a diverse workforce. BSI enhanced monitoring of workforce diversity, including gender representation within senior management and workforce distribution across age groups. | |
| Scope of Social Supplier Standards | Addresses maximum working hours | SR 180 | Yes, BSI always committed to opposing the employment of child labor and forced labor practices. BSI strengthened its safeguards against child labor and forced labor by enhancing labor policies and tightening oversight across its supply chain. Recruitment procedures continue to enforce a minimum hiring age of 24 (twenty-four) years, supported by regulated working hours of 8 (eight) hours per day and 40 (forty) hours per week, as stipulated in the Company Regulations |
| Addresses non-discrimination | SR 34 | Yes, BSI adrresses non-discrimination in its operations. In supporting and upholding human rights, BSI has implemented an PTO governing the Respectful Workplace Policy (RWP). This guideline serves as a reference for all BSI employees to foster a workplace free from discrimination, violence, and harassment, while promoting an inclusive environment that values diversity and equality, including support for employees with special needs, as part of BSI’s commitment to respecting human rights. Throughout 2025, there were no reported human rights violations across BSI’s operational activities. https://ir.bankbsi.co.id/misc/esg/Respectful-Workplace-Policy-EN.pdf | |
| Addresses child labour | SR 180 | Yes, BSI is always committed to opposing the employment of child labor and forced labor practice to supplier standard. To reinforce responsible procurement, BSI expanded its supplier due-diligence procedures. All partners are required to submit compliance documents affirming that their operations are free from underage labor and forced labor practices. These commitments are reviewed regularly through supplier evaluations aligned with BSI’s sustainable procurement framework. | |
| Addresses minimum living wages | SR 181 | Yes, BSI has implemented a remuneration system management (reward). Periodic benchmarking ensures that BSI remains competitive within the Islamic banking industry. In its implementation, BSI refers to/adopts the higher amount between the Provincial Minimum Wage (UMP) and the Regency/Municipal Minimum Wage (UMK). | |
| Addresses health and safety | SR 185 | Yes, BSI addresses health and safety in its operations. BSI continually enhances its OHS practices to foster a safe, healthy, and productive work environment. In addition to preventive measures, BSI conducted emergency preparedness activities including evacuation drills, facility inspections, and upgrades to safety equipment. Employees may stop work when encountering unsafe conditions without fear of reprisal and may report hazards through secure internal channels. All incidents undergo formal investigation using root cause analysis followed by corrective and preventive actions aligned with the hierarchy of controls. | |
| Addresses freedom of association and the right to collective bargaining | SR 179 | Yes, BSI guarantees employees’ freedom to associate, assemble, and voice their views within the boundaries of applicable laws. The Bank has established the BSI Employee Union as its official labor organization. As of the end of 2025, the union’s membership totaled 8,732 employees, representing 52.66% of the workforce | |
| Addresses forced labour | SR 180 | Yes, BSI is always committed to opposing the employment of child labor and forced labor practices. Monitoring throughout 2025 confirmed that no BSI operations or suppliers were identified as having significant risks related to child labor or forced labor. In addition, no adverse social impacts associated with these issues were observed across the Bank’s supply chain. This outcome underscores the effectiveness of BSI’s oversight mechanisms and its commitment to responsible and ethical employment practices. | |
| Addresses acceptable living conditions | SR 182 | Yes, BSI ensures acceptable living conditions for employees. The Company ensured that the compensation of the lowest-paid employees in all provinces within the reporting scope met or exceeded the applicable 2025 Provincial Minimum Wage (UMP). In general, the compensation of the lowest-paid employees reflected a relatively high ratio, amounting to 178% of the lowest UMP. | |
| Data Privacy Policy | Commitment to notify data subjects in a timely manner in case of policy changes or data breach |
SR 83 Privacy & Policy |
Yes, BSI is committed to notifying data subjects in a timely manner in the event of a data breach, in accordance with Indonesia’s Personal Data Protection Law (PDP Law), which requires data controllers to protect personal data and notify them in the event of a data breach. |
| Commitment to obtain user data through lawful and transparent means, with explicit consent of the data subject where required |
SR 85 Privacy & Policy |
Yes, BSI committed to obtain user data through lawful and transparent. As part of regulatory compliance, the Bank has implemented personal data protection arrangements through the following initiatives include Universal Consent Management, used to manage data subject consent in a centralized, transparent, and traceable manner, in accordance with the principle of a lawful basis for processing. | |
| Commitment to collect and process user data that is limited to the stated purpose |
SR 200 Privacy & Policy |
Yes, BSI committed to collect and process user data that is limited to the stated purpose. BSI enforces the Privacy Policy of PT Bank Syariah Indonesia Tbk, which governs the entire lifecycle of personal data, collection, processing, storage, updating, consumption, and deletion. The policy aligns with the Personal Data Protection Law (Law No. 27 of 2022), the Banking and Sharia Banking Laws, and relevant OJK and Bank Indonesia regulations | |
| Commitment to require third parties with whom the data is shared to comply with the company’s policy |
SR 200 Privacy & Policy |
Yes, BSI requires third parties to comply with its data protection standards, External parties working with BSI are also required to follow strict information security standards. | |
| Clear terms involving the collection, use, sharing and retention of user data including data transferred to third parties |
SR 201 Privacy & Policy |
Yes, BSI ensures clear terms involving the collection, use, sharing and retention of user data, BSI enforces the Privacy Policy of PT Bank Syariah Indonesia Tbk, which governs the entire lifecycle of personal data, collection, processing, storage, updating, consumption, and deletion. | |
| Commitment to implement leading data protection standards |
SR 200 Privacy & Policy |
Yes, BSI implements leading data protection standards, BSI has implemented the ISO/IEC 27001:2022 Information Security Management System. | |
| Cybersecurity Programme | Regular external security audits or vulnerability assessments of the company’s systems, products and practices affecting user data |
SR 203 IT Policy |
Yes, BSI conducts regular external security audits and vulnerability assessments of its systems, products, and practices affecting user data. In 2025, BSI further strengthened its governance on product safety evaluation and compliance as part of its commitment to responsible banking and customer protection. All new products and services underwent a comprehensive assessment under the New Products and/or Activities SOP (SPO PAB), which includes structural reviews, operational and cyber-risk assessments, health and safety impact analysis, and regulatory compliance checks. |
| Operational measures to monitor and respond to data breaches and cyberattacks |
AR 284 IT Policy |
Yes, BSI implements operational measures to monitor and respond to data breaches and cyberattacks, BSI has established a structured framework to anticipate and manage potential disruptions to business operations. In the event of an information technology disruption, incidents are assessed through defined disaster identification stages to determine the appropriate response. | |
| Regular employee training on cybersecurity issues |
AR 270 IT Policy |
Yes, BSI provides regular employee training on cybersecurity issues. In 2025, cybersecurity training for 15.480 employes with objective The ability to implement, manage, and design information technology security measures aimed at protecting systems, data, and digital assets from internal and external threats. | |
| Governance structures in place for cybersecurity management |
AR 284 IT Policy |
Yes, BSI has governance structures in place for cybersecurity management. BSI implements all IT policies and standard procedures in the Bank and ensures that any information owned by IT user work units is well protected against any disruptions that could result in losses due to the leakage of critical data or information. The Bank ensures adequate security oversight in any IT system development or modification and ensures the Bank’s cyber resilience and security independently of the IT operational management function. https://ir.bankbsi.co.id/misc/esg/Information-Technology-Policy.pdf | |
| Management system certified to ISO 27001 standards |
SR 32 IT Policy |
Yes, BSI has been certified by ISO 27001:2022 since March 2024 |
Governance
| Indicators | Criteria | Source Information | Explanation |
| Bribery and Corruption Policy | There is no evidence of a formal policy but the company has a general statement addressing the issue | SR 82 | No, the company has a formal policy that related to the issue. In 2025, BSI conducted socialization of its anti-corruption policy and the signing of integrity pacts for all internal and external stakeholder groups. |
| Definition of conflicts of interest and commitment to minimize these | SR 71 | Yes, BSI has a clear definition of conflict of interest and committed to minimize them. A Conflict of Interest
is defined as a situation in which an employee
or official of the Bank, while carrying out official
duties, has personal, family, or external interests
that could compromise their independence and
objectivity. These provisions apply universally to all BSI employees without exception. The scope of this policy requires that the Bank's management.
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| Guidelines of what is considered acceptable behaviour | SR 78 | Yes, BSI has a guideline of what is considered acceptable behaviour. Through the application of this gratification
control mechanism, BSI expects employees to:
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| Definition of bribery or corruption | SR 78 | Yes, BSI has a clear definiton of bribery or corruption. Referring to Law No. 31 of 1999 on the Eradication of Corruption, as amended by Law No. 20 of 2002, corruption is defined as the abuse of authority for personal or third-party gain through unlawful conduct. | |
| Prohibition of bribery | SR 79 | Yes, BSI prohibits bribery in its operations. Every member of the Bank is required to avoid and politely decline any form of gratificationwhether from external parties or from internal colleagues-that could be perceived as a bribe and is related to their position or contrary to their duties and obligations as Bank Officers. | |
| Definition and prohibition of facilitation payments | SR 79 | Yes, BSI prohibits bribery in its operations. Every member of the Bank is required to avoid and politely decline any form of gratificationwhether from external parties or from internal colleagues-that could be perceived as a bribe and is related to their position or contrary to their duties and obligations as Bank Officers. | |
| Whistleblower Programmes | Possibility for anonymous reporting and reports are treated confidentially | SR 77 | Yes, BSI is committed to protecting whistleblowers by safeguarding the confidentiality of their identity and the information submitted. All reports are processed discreetly and investigated thoroughly, ensuring privacy and fairness for all parties involved. |
| An independent, reporting hotline available 24/7 | SR 78 | Yes, BSI provides an independent reporting hotline available 24/7. For ease of access, BSI provides multiple reporting
channels:
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| Available to suppliers, customers and other third parties | SR 77 | Yes, BSI has provided a Whistleblowing System (WBS) for stakeholders to report any alleged actions As part of its commitment to fostering a culture of integrity and sound governance, BSI has implemented a Whistleblowing System (WBS) as a secure channel for all stakeholders, including suppliers, customers, and other third parties, to report alleged misconduct. | |
| Proactively communicated to employees | AR 551 | Yes, BSI proactively communicates these measures to employees. Socialization of the whistleblowing system and Anti-Gratification media is conducted to all employees via employee desktop computers, the Bank’s website, outreach during training activities, sharing sessions, and Taujih Pekanan, as well as notifications to customers, Bank partners, and the public. | |
| Available in local languages | Source for ENG Document : https://ir.bankbsi.co.id/misc/wbs-EN.pdf Source for ID Document: https://ir.bankbsi.co.id/misc/WBS.pdf | Yes, its available on 2 languages . ID and ENG. | |
| Non-retaliation policy | Source for ENG Document : https://ir.bankbsi.co.id/misc/wbs-EN.pdf Source for ID Document: https://ir.bankbsi.co.id/misc/WBS.pdf | Yes, BSI has retaliation policy. BSI is committed to protecting whistleblowers by safeguarding the confidentiality of their identity and the information submitted. | |
| Structures in place to process whistleblower reports | SR 78 | Yes, BSI has structures in place to process whistleblower reports . All reports were processed in accordance with the WBS Procedure, including preliminary assessment, clarification, detailed investigation, and documentation of outcomes. BSI ensures that every report receives an adequate response and is consistently monitored by the Compliance Unit and Risk Management teams to strengthen organizational integrity and enhance the overall effectiveness of the whistleblowing mechanism. | |
| Disclosure on the number of reports received, the types of misconduct and measures taken | SR 78 | Yes, BSI discloses the number of reports received, the types of misconduct and measures taken, In 2025, BSI recorded a total of 118 WBS reports, consisting of 11 cases fully resolved, 11 cases still under investigation, 46 cases deemed non-eligible or not actionable, and 50 cases closed due to insufficient evidence or unsubstantiated findings. | |
| UNEPFI Signatory | UNEPFI Signatory | SR 60 | Yes, BSI also remains committed to implementing the Principles for Responsible Banking (PRB) and becoming part of the United Nations Environment Program Finance Initiative (UNEP FI). |
| Responsible Product Offering | Continuous monitoring of social impact and risks of current products and/or services | SR 203 | Yes, BSI conducts continuous monitoring of the social impact and risks of its current products and/or services. In 2025, BSI further strengthened its assessment of product and service impacts as part of sustainable finance implementation, customer protection, and responsible risk governance. Each product is evaluated not only for its financial value, but also for its environmental, social, and customer-related impacts. |
| Policy commitment on responsible products and services | SR 203 | Yes, BSI conducts continuous monitoring of the social impact and risks of its current products and/or services. In 2025, BSI further strengthened its governance on product safety evaluation and compliance as part of its commitment to responsible banking and customer protection. All new products and services underwent a comprehensive assessment under the New Products and/or Activities SOP (SPO PAB), which includes structural reviews, operational and cyber-risk assessments, health and safety impact analysis, and regulatory compliance checks. The results of these assessments form the basis for securing approval from OJK prior to product launch. | |
| Objectives to improve customer satisfaction | SR 205 | Yes, BSI has objectives to improve customer satisfaction. In strengthening customer experience, BSI expanded the scope of its annual Satisfactory, Loyalty, and Engagement (SLE) Survey to cover branch services, digital platforms, BSI Agents, Call Center 14040, social finance products, and sustainable finance solutions. | |
| Mechanisms to receive and investigate complaints and implement corrective action | SR 35 | Yes, BSI has provided customer complaint channels and is committed to resolving complaints faster than the Service Level Agreement (SLA) established by the regulator. Remediation of negative impacts is carried out through various complaint channels, including BSI Call 14040, BSI Mobile and BYOND by BSI, email at contactus@bankbsi.co.id, as well as branch offices and the head office. | |
| Reporting on product and/or service quality | SR 204 | Yes, BSI reports on the quality of its products and/or services. In 2025, all products were confirmed to comply with operational, regulatory, and safety requirements. Consequently, BSI recorded zero product recalls during the reporting period. | |
| Impact and risk assessment incorporated into product development | SR 204 | Yes, BSI incorporates impact and risk assessment into its product development. In 2025, BSI furtherstrengthened its assessment of product and service impacts as part of sustainable finance implementation, customer protection, and responsible risk governance. Each product is evaluated not only for its financial value, but also for its environmental, social, and customer-related impacts. | |
| Regular training on responsible product offering and marketing | AR 271 | Yes, BSI organizes regular training on responsible offering and marketing. For example, BSI conducts training about: 1. Selling Skill: The ability to identify, explain, persuade, address objections, and effectively sell products or services by understanding customer needs, offering appropriate solutions, and building strong relationships to achieve sales agreements. 2. product knowledge: the ability in in-depth understanding of the Bank’s features, Sharia contracts (akad), benefits, usage, competitive advantages, market segmentation, pricing structures and promotional policies, customer testimonials and reviews, after-sales services, as well as regulations and policies related to the Bank’s products, and services. | |
| Money Laundering Policy | Money Laundering Policy | https://ir.bankbsi.co.id/misc/esg/Kebijakan-APU-PPT-PPPSPM-EN.pdf | Yes, BSI has a money laundering policy in place. Bank Syariah Indonesia is committed to implementing Legal Policy, Compliance Policy, Anti Money Laundering, Terrorist Financing Prevention, and Prevention of Weapons of Mass Destruction Proliferation Financing in an integrated manner to strengthen the Bank's governance, compliance, and operational integrity. These policies are formulated based on sharia principles, laws and regulations, regulatory authorities, and internal provisions to ensure effective control of legal, compliance, and operational risks. |
| ESG Reporting Standards | ESG Reporting Standards | SR 13 | Yes, BSI applies ESG reporting standards in its sustainability disclosures. The report was also developed in accordance with the Consolidated GRI Standards 2021, GRI G4 Sector Disclosures for Financial Services, International Financial Reporting Standards (IFRS) S1 and S2, the ASEAN Corporate Governance Scorecard (ACGS), and the Sustainability Accounting Standards Board (SASB) Standards. |
| ESG Governance | ESG Governance | SR 89 | Yes, BSI has ESG governance in place. As an institution committed to sustainability principles, BSI implements ESG governance through the active involvement of its supervisory and management bodies. Board of Commissioners, the Board of Directors, and Sharia Supervisory Board ensure that Sustainable Finance processes and policies are carried out consistently, in compliance with regulations, and in alignment with Sharia principles. |
| Verification of ESG Reporting | Verification of ESG Reporting | SR 206 | Yes, BSI verifies its ESG reporting through an independent party. To ensure the credibility and reliability of this report, BSI appointed PT BSI Group Indonesia as an independent assurance provider, conducting verification based on the AA1000 Assurance Standard v3 Type 2 at a moderate assurance level. The appointment was approved by the Directors and acknowledged by the Board of Commissioners, reflecting strong governance oversight in the assurance process. |
| Board Gender Diversity | Two or more women serve on the board, but less than one-third of the board is female. | AR 344 | BSI has 1 female board member out of a total of 8 board members, representing 12.5% female representation. |
| There are no female senior executives disclosed. | AR 443 | BSI currently has no female executives. | |
| Women constitute one-third or more of the board's membership. | AR 344 | BSI has 1 female board member out of a total of 8 board members, representing 12.5% female representation. | |
| There are no women on the board. | AR 344 | BSI has 1 female board member out of a total of 8 board members, representing 12.5% female representation. | |
| There is only one woman on the board. | AR 344 | Yes, BSI has 1 female board member out of a total of 8 board members, representing 12.5% female representation. | |
| The company has no disclosed diversity policy or has affirmatively disclosed the absence of a policy for its board membership. | AR 390 | BSI regulates diversity for the Board of Directors, the Board of Commissioners, and the Sharia Supervisory Board through its Articles of Association and implements this policy incompliance with prevailing regulations on Sharia banking, capital markets, and requirements applicable to SOE subsidiaries. The policy ensures that each member possesses the knowledge, expertise, and competencies required by the Bank. | |
| The company has disclosed a robust diversity policy including specific commitments and targets to increase the diversity of board membership. | AR 390 | Yes, BSI has disclosed a formulaic or non-material diversity policy for its board membership. BSI regulates diversity for the Board of Directors, the Board of Commissioners, and the Sharia Supervisory Board through its Articles of Association and implements this policy in compliance with prevailing regulations on Sharia banking, capital markets, and requirements applicable to SOE subsidiaries. | |
| The company has disclosed a formulaic or non-material diversity policy for its board membership. | AR 390 | Yes, BSI has disclosed a formulaic or non-material diversity policy for its board membership. BSI regulates diversity for the Board of Directors, the Board of Commissioners, and the Sharia Supervisory Board through its Articles of Association and implements this policy in compliance with prevailing regulations on Sharia banking, capital markets, and requirements applicable to SOE subsidiaries. | |
| Board Independence | Nominally independent directors are affiliated with the company/controlling shareholder/ the CEO or other insiders. | AR 355 | Yes, BSI ensures that its directors are independent and free from affiliations with the company, controlling shareholders, the CEO, or other insiders. As of the reporting period’s end, none of the members of the Board of Commissioners, Sharia Supervisory Board, or Board of Directors have financial, familial, or managerial relationships with one another, with controlling shareholders, or with external companies including suppliers. |
| There is insufficient information to determine the board's level of independence. | AR 355 | Yes, BSI ensures that its directors are independent and free from affiliations with the company, controlling shareholders, the CEO, or other insiders. As of the reporting period’s end, none of the members of the Board of Commissioners, Sharia Supervisory Board, or Board of Directors have financial, familial, or managerial relationships with one another, with controlling shareholders, or with external companies including suppliers. | |
| The company has a controlling shareholder. | AR 136 | Yes, BSI has a controlling shareholder. BSI’s has Republic of Indonesia Series A Dwiwarna Shares and majority shareholder is PT Bank Mandiri (Persero) Tbk with 51.47% ownership. | |
| There is an audit or other monitoring board in addition to the board of directors. | AR 481 | Yes, BSI has an audit and other monitoring bodies in addition to the Board of Directors. there are committees under the board of directors, including the Internal Audit Unit, Enterprise Risk Management (RMU), and committees including the Business Committee, Asset and Liability Committee, IT Steering Committee, Risk Management Committee, Policy & Procedure Committee, and Human Capital Committee. | |
| There are more than two executives on the board of directors. | AR 443 | Yes, BSI has more than two executives on its Board of Directors. All of The Board of Directors (10) are executives directors. | |
| The board lacks an independent majority. | AR 344 | BSI has 4 independent commissioners out of total of 8 commissioners, representing 50% of the board of commissioners. | |
| The level of board independence meets market practice. | AR 344 | BSI has 4 independent commissioners out of total of 8 commissioners, representing 50% of the board of commissioners. | |
| The board lacks any independent representation. | AR 344 | BSI has 4 independent commissioners out of total of 8 commissioners, representing 50% of the board of commissioners. | |
| No nominally independent directors are affiliated with the company/ controlling shareholder/ the CEO or other insiders. | AR 355 | Yes, BSI ensures that its directors are independent and free from affiliations with the company, controlling shareholders, the CEO, or other insiders. As of the reporting period’s end, none of the members of the Board of Commissioners, Sharia Supervisory Board, or Board of Directors have financial, familial, or managerial relationships with one another, with controlling shareholders, or with external companies including suppliers. | |
| Lobbying and Public Policy | Lobbying and Public Policy | SR 88 | Yes, BSI maintains a position regarding lobbying and public policy. BSI ensures that all corporate activities adhere to regulatory requirements without engaging in efforts to influence public policy or government decision-making. Throughout 2025, BSI did not participate in any lobbying activities related to the formulation of laws, regulations, or government policies. Furthermore, BSI did not make any political contributions, whether in the form of funds, facilities, or other types of support to political parties, candidates, or political activities. This policy is upheld to maintain the independence and integrity of BSI. |
