Banks| Policies| Dodgy Deals| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Jobs at BankTrack
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2023-01-23 00:00:00
Berta Cáceres: new rules for banks could help stop defender killings
2023-01-16 00:00:00
In the balance: Why European due diligence legislation must cover financial services
2022-12-08 00:00:00
Exposed: Western banks funding Qatar’s carbon bombs
2022-12-08 00:00:00
Right-wing attack on sustainable finance is the latest form of climate denial
2022-12-14 11:08:26
HSBC announces it will no longer finance new oil and gas fields
2022-10-13 15:56:39
More major banks and insurers refuse to support EACOP
2022-09-16 10:38:48
European Parliament passes emergency resolution against human rights violations & environmental threats linked to EACOP
2022-06-27 09:49:16
Crédit Agricole takes first step to phase out from the oil and gas sector
Connect
2022-11-22 00:00:00
Banking on Thin Ice: Two years in the heat
2022-11-17 00:00:00
BankTrack Global Human Rights Benchmark 2022
2022-10-21 00:00:00
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-06-28 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
See all publications
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Home › Bank profiles
Bank MandiriIndonesia
About
Policies
Policy Assessments
Dodgy Deals
Dodgy Deals Map
Documents
News
Links
About
Policies
Policy Assessments
Dodgy Deals
Dodgy Deals Map
Documents
News
Links

Active

This profile is actively maintained

Created before Nov 2016
Last update: 2022-07-12 16:02:02

Send feedback on this profile
Download as PDF
Share this page:

Bank Mandiri's head office. Photo: Chongkian via Wikimedia Commons (CC BY SA 3.0)

About Bank Mandiri

Bank Mandiri, headquartered in Jakarta, is one of Indonesia's largest commercial banks. The bank was founded in 1998 as the result of a merger of four state-owned banks: Bank Bumi Daya, Bank Dagang Negara, Bank Exim and Bapindo. The bank offers services in retail, corporate and commercial banking. It also has major subsidiaries that provide Islamic banking, investment banking, micro-banking and insurance services.

Website https://bankmandiri.co.id/
Headquarters
Plaza Mandiri, Jl. Jend. Gatot, Subroto Kav. 36-38
12190 Jakarta
Indonesia
CEO/chair Darmawan Junaidi
CEO
Supervisor
Indonesian Financial Services Authority (OJK)
Annual reports Annual report 2021
CSR report 2021
Ownership
listed on Bursa Efek Indonesia

Bank Mandiri is majority owned by the Indonesian government (60%). The bank's complete shareholder structure can be accessed here.

Complaints and grievances

Bank Mandiri does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.

Related Dodgy Deals

Bank Mandiri has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

All
|
Projects
|
Companies
Targets
|
Active profiles
|
On record profiles

Policy Assessments

Banks and Human Rights

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
Bank Mandiri
IDN
0.5
Laggard

A PHP Error was encountered

Severity: Notice

Message: Undefined property: stdClass::$col_values

Filename: shared/tabletool_row.php

Line Number: 81

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool_row.php
Line: 81
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool.php
Line: 69
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletools.php
Line: 7
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 173
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 436
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 296
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

A PHP Error was encountered

Severity: Notice

Message: Undefined property: stdClass::$col_values

Filename: shared/tabletool_row.php

Line Number: 81

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool_row.php
Line: 81
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool.php
Line: 69
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletools.php
Line: 7
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 173
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 436
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 296
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

0
Indonesia
Score
Laggard
0.5
Explanation

Bank Mandiri's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark Asia 2022. The bank is assessed as a Laggard, with a total score of 0.5 out of 14.

Policy: 0.5/3
Due dilligence: 0/5
Reporting: 0/3
Remedy: 0/3

Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.

Banks and Nature

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Bank Mandiri
2022-09-21
IDN
4.3
Front runner

A PHP Error was encountered

Severity: Notice

Message: Undefined offset: 1

Filename: shared/tabletool_row.php

Line Number: 81

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool_row.php
Line: 81
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool.php
Line: 69
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletools.php
Line: 7
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 173
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 436
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 296
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

0
Indonesia
Profile
Score
Front runner
4.3
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Bank Mandiri's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Bank Mandiri's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Bank Mandiri
2022-09-21
IDN
0
Laggard

A PHP Error was encountered

Severity: Notice

Message: Undefined offset: 1

Filename: shared/tabletool_row.php

Line Number: 81

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool_row.php
Line: 81
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool.php
Line: 69
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletools.php
Line: 7
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 173
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 436
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 296
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

0
Indonesia
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank Mandiri's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Bank Mandiri
2022-09-21
IDN
5.9
Front runner

A PHP Error was encountered

Severity: Notice

Message: Undefined offset: 1

Filename: shared/tabletool_row.php

Line Number: 81

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool_row.php
Line: 81
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool.php
Line: 69
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletools.php
Line: 7
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 173
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 436
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 296
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

0
Indonesia
Profile
Score
Front runner
5.9
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank Mandiri's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
blog
external news
our news

Launching of Banking Responsibility Research on Cement Industry Financing

2022-05-25 | Fair Finance Asia, Prakarsa - Welfare Initiative for Better Societies
blog
external news
our news

Asian banks falling behind in implementation of UN Human Rights Principles, new BankTrack benchmark shows

New benchmark of 18 Asian banks shows human rights performance below the global average
2022-04-05 | Nijmegen | BankTrack
blog
external news
our news

World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
blog
external news
our news

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
blog
external news
our news

Banks are fueling deadly fires, Covid-19 threatens to compound the risks

2020-09-08 | forestsandfinance.org
blog
external news
our news

Banks funnelled over USD 150 billion into companies driving deforestation since Paris Agreement, new data analysis shows

First-ever database reveals true scope of financing of forest-risk commodity companies, amidst global rainforest fires
2020-09-01 | San Francisco | BankTrack, Forests & Finance, Rainforest Action Network
blog
external news
our news

Major banks complicit in financing Indonesia’s illegal fire and haze crisis: report

2019-12-10 | Jikalahari, Profundo, Rainforest Action Network, WALHI
blog
external news
our news

Citigroup cancels financing of Indonesian food giant Indofood over palm oil labor abuses

Major Asian, European banks and US brands still linked to controversial company
2019-06-18 | San Francisco, CA | Rainforest Action Network
blog
external news
our news

New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
blog
external news
our news

Indonesian government finances palm oil companies ignoring its laws

2017-06-29 | Illegal Deforestation Monitor
blog
external news
our news

New report linking Nordic banks and government pension funds to Indonesia’s palm oil deforestation

Nordic investments to Asian banks support rapacious palm oil producers with financing that impedes push for sustainability
2017-05-30 | Oslo, Norway | Fair Finance Guide Norway, Fair Finance Guide Sweden, Rainforest Foundation Norway
blog
external news
our news

New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia

Financial sector under the spotlight in new international push to protect forests and forest communities
2016-09-06 | Singapore | Rainforest Action Network
blog
external news
our news

Fair Finance Guide launches in Indonesia

Indonesian banks lag behind in incorporating social and environmental issues
2015-03-11 | Jakarta | Koalisi Responsibank Indonesia
blog
external news
our news

Walhi Lampung Prihatin Kabut Asap Belum Tertangani / Walhi Lampung concerned about lack of action regarding smoke

2014-10-16 | Indonesia | Antara Lampung
blog
external news
our news

Mandiri Lends $4.4b to Palm Oil Producers

2013-11-29 | Jakarta | Jakarta Globe
blog
external news
our news

Mandiri set to boost corporate loans by 18%

2013-04-16 | Jakarta Post
blog
external news
our news

Bank Mandiri Dominates Indonesia’s Syndicated Loan Market

2013-01-10
blog
external news
our news

Mandiri to lend Rp 189b to oil palm cooperatives

2012-03-02
blog
external news
our news

Mandiri disburses Rp 30.2t in palm oil sector loans

2010-12-02 | The Jakarta Post
blog
external news
our news

Bank Mandiri probe debts rise to $1.3bn

2005-04-20 | Financial Times

Documents

Type:
Year:
annual reports
2022-07-12 00:00:00

Annual report 2021

2022-07-12 00:00:00 | Bank Mandiri
annual reports
2022-07-12 00:00:00

CSR report 2021

2022-07-12 00:00:00 | Bank Mandiri
annual reports
2021-07-20 00:00:00

Annual report 2020

2021-07-20 00:00:00 | Bank Mandiri
annual reports
2021-07-20 00:00:00

CSR Report 2020

2021-07-20 00:00:00 | Bank Mandiri
ngo documents
2021-06-28 00:00:00

Asian Banks Continue to Finance the Palm Oil Refining Sector as Leakage Declines

2021-06-28 00:00:00 | Chain Reaction Research
csr policies
2021-04-12 00:00:00

Sustainability framework

2021-04-12 00:00:00 | Bank Mandiri
ngo documents
2020-11-19 00:00:00

Letter to banks and investors on Indofood labor exploitation

2020-11-19 00:00:00 | Rainforest Action Network
csr policies
2019-05-06 00:00:00

Risk management policy

2019-05-06 00:00:00 | Bank Mandiri
ngo documents
2018-12-10 00:00:00

Bank Policy Matrix

2018-12-10 00:00:00 | Forests & Finance Coalition
csr policies
2018-04-04 00:00:00

Corporate social responsibilities to the environment

2018-04-04 00:00:00 | Bank Mandiri
ngo documents
2017-11-30 00:00:00

Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses

Forest & Finance Briefing
2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo
ngo documents
2017-11-30 00:00:00

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
2017-11-30 00:00:00 | RAN, OPPUK & International Labor Rights Forum
ngo documents
2017-06-13 00:00:00

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo
ngo documents
2017-05-30 00:00:00

Nordic investments in banks financing Indonesian palm oil

2017-05-30 00:00:00 | Rainforest Foundation Norway, FFG Sweden and FFG Norway
ngo documents
2017-02-28 00:00:00

IndoAgri's new sustainable palm oil policy ails to address key environmental, social and governance (ESG) risks

2017-02-28 00:00:00 | RAN, TuK & Profundo
ngo documents
2015-02-16 00:00:00

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
annual reports
2015-01-01 00:00:00

Annual Report 2014

2015-01-01 00:00:00 | Bank Mandiri
annual reports
2014-01-01 00:00:00

Sustainability Report 2013

2014-01-01 00:00:00 | Bank Mandiri
annual reports
2013-01-01 00:00:00

Mandiri 2013 Annual Report

2013-01-01 00:00:00
annual reports
2013-01-01 00:00:00

Mandiri 2012 Annual Report

2013-01-01 00:00:00

Links

Fair Finance Guide Indonesia

https://responsibank.id/banks/bank/

Policies

Voluntary standards

Bank Mandiri has committed itself to the following voluntary standards:
  • Global Reporting Initiative

Investment policies

Bank Mandiri's web page on corporate social responsibility can be accessed here.

Year:
csr policies
2021-04-12 00:00:00

Sustainability framework

2021-04-12 00:00:00 | Bank Mandiri
csr policies
2019-05-06 00:00:00

Risk management policy

2019-05-06 00:00:00 | Bank Mandiri
csr policies
2018-04-04 00:00:00

Corporate social responsibilities to the environment

2018-04-04 00:00:00 | Bank Mandiri

Good moves

Year:
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted