PT SMI Participates in OECD Forum on Green Finance and Investment 2022

Indonesia is one of the countries in the world most vulnerable to the impacts of climate change. These conditions encourage PT SMI to form a business strategy that is able to mitigate and adapt to the risks of climate change.

In the OECD Forum on Green Finance and Investment 2022 in the “Financing Infrastructure Resilience and Adaptation” session (5/10), PT SMI's Director of Public Financing & Project Development - Faaris Pranawa, explained the role of PT SMI as a Development Financial Institution (DFI), and its role in adaptation and resilience to climate change risks in infrastructure financing.

Faaris Pranawa said, "PT SMI always considers risks related to climate change in every infrastructure development. Since 2017, PT SMI has implemented Environmental and Social Safeguards (ESS) management, including by identifying climate, social and disaster risks, as well as agreeing with the debtor the steps that need to be taken to mitigate this risk."