BTN's Waste-for-Mortgage Program Receives International Recognition

Innovative Financial Inclusion Initiative

PT Bank Tabungan Negara (BTN) has garnered international recognition for its pioneering 'Bayar Angsuran-Mu Pakai Sampah-Mu' (Pay Your Installments with Your Waste) program. The initiative, which allows customers to offset their mortgage payments by exchanging household waste, has been praised by Máxima, the UN Secretary-General's Special Advocate for Inclusive Finance for Development. This innovative program is seen as a significant step forward in green financial inclusion, simultaneously addressing two critical issues: financial accessibility for low-income households and national waste management.

ESG Commitment and Economic Impact

BTN's CEO, Nixon LP Napitupulu, emphasized that this program demonstrates the bank's commitment to Environmental, Social, and Governance (ESG) practices. The initiative not only provides an innovative financial solution but also contributes to environmental sustainability by encouraging proper waste disposal. This approach strengthens the economic resilience of low-income families by making mortgage payments more manageable while promoting eco-friendly practices at the community level.

Recognition and Future Implications

Máxima's visit to BTN's Grand Harmoni housing complex underscored the significance of this program. The recognition from such a prominent international figure highlights BTN's role as a leader in innovative financial solutions within Indonesia's banking sector. As the program continues to evolve, it is likely to serve as a model for other financial institutions looking to implement similar ESG-focused initiatives.