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2023-09-18 00:00:00
New report and blog: Barclays' bond with Adani
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Decarbonization: steel not making the cut
2023-07-27 00:00:00
Two months ago 62 organizations and 3 Goldman Environmental Prize winners wrote an Open Letter to the TNFD: No one responded
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The Sustainable Steel Principles: One step forward when leaps are needed
2023-09-15 17:34:10
The number of major banks refusing to support EACOP reaches 24
2023-07-31 14:30:01
Equator Principles recognise projects’ risk to climate for the first time
2023-05-17 14:30:30
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Barclays' bond with Adani
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Banking on Climate Chaos 2023
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The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 4
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Bank DanamonIndonesia

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-31 17:15:11
Contact:

Bill Barclay, Rainforest Action Network

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-31 17:15:11
Contact:

Bill Barclay, Rainforest Action Network

About
Website http://www.danamon.co.id
Headquarters
Jl. Prof. Dr. Satrio Kav. E IV No. 6
12950 Jakarta
Indonesia
CEO/chair Sng Seow Wah
President Director
Supervisor
Bank Indonesia
Ownership
listed on Indonesia Stock Exchange

The group ownership structure can be found here 

PT Bank Danamon Indonesia Tbk. was established in 1956. The name Bank Danamon was derived from ‘dana moneter', meaning monetary fund. It was first used in 1976 in place of its original name, Bank Kopra. Danamon is a universal bank and it has one of the widest geographic distribution networks of all Indonesian banks. Danamon is the majority owner of Adira Dinamika Multi Finance, Indonesia's leading auto finance company; Adira Kredit, a durable goods financing company; and Adira Insurance, a general insurance company. In 2006, Danamon and Adira established Yayasan Danamon Peduli (Danamon Cares Foundation), which conducts corporate social responsibility programs, with a focus on revitalizing traditional markets, and promotes sustainable development based on community-driven activities and volunteerism.

Sustainability
Policies
Voluntary standards
2015-05-07 00:00:00

Sustainability Policy

Bank policy
2015-05-07 00:00:00 | Danamon
Bank Danamon has committed itself to the following voluntary standards:
Global Reporting InitiativeTags: sustainable development | human rights
Dodgy Deals

Bank Danamon is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Bank Danamon's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fair Finance Guide launches in Indonesia

Indonesian banks lag behind in incorporating social and environmental issues
2015-03-11 | Jakarta | Koalisi Responsibank Indonesia
Resources
Documents
Links
2015-05-07 00:00:00

Sustainability Policy

Bank policy
2015-05-07 00:00:00 | Danamon
2015-04-06 00:00:00

Sustainability Report 2014

Annual report
2015-04-06 00:00:00 | Danamon
2015-04-06 00:00:00

Annual Report 2014

Annual report
2015-04-06 00:00:00 | Danamon
2014-01-01 00:00:00

Sustainability Report 2013

Annual report
2014-01-01 00:00:00
2014-01-01 00:00:00

Annual Report 2013 Danamon

Annual report
2014-01-01 00:00:00
2013-11-12 00:00:00

Sustainability Report 2012

Annual report
2013-11-12 00:00:00 | Bank Danamon
2013-05-05 00:00:00

Annual Report 2012

Annual report
2013-05-05 00:00:00 | Bank Danamon

Danamon Cares

Corporate social responsibility activities

Responsi Bank

Fair Finance Guide Indonesia
Accountability

This page evaluates Bank Danamon's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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