IBS Holds Webinar Sustainable Finance: From Niche to New Normal
JAKARTA – The Covid-19 pandemic has more or less changed the paradigm of consumers, businesses, and asset owners (investors) regarding the importance of responsible activities . Many investors have rethought their approach to investment decisions and capital allocation by making sustainability their investment philosophy.
This is in line with the OJK roadmap regarding Sustainable Finance which enters the Strengthening Resilience stage (2019-2024 period). At this stage, the financial services industry is targeted to strengthen risk management and good corporate governance in both social and environmental aspects.
Sustainable finance is no longer just a behavior in certain business and investment segments (niche), but will become a mainstream (new-normal) behavior. For businesses and asset owners, sustainable investment is not just a “nice to invest” but a “new normal”.
Related to this, the Indonesian Banking School (IBS) College of Economics (STIE) again held a public online seminar (webinar) entitled “Sustainable Finance: From Niche to New Normal”, Friday (7/8/2020). This webinar presented Prof. Dr. Muliaman D. Hadad, SE., MPA, who has served as Deputy Governor of Bank Indonesia (BI) for the period 2006 – 2011 and Chairman of the Board of Commissioners of the Financial Services Authority (OJK) for the period 2012-2017. Meanwhile, the moderator, namely Dr. Ira Geraldina, SE, Ak., MSAk., CA, lecturer in Accounting Study Program of STIE IBS.
“For the business world and asset owners, sustainable investment is not just a” nice to invest “but a new normal. So strategies and innovations are needed to make sustainable finance a philosophy and investment objective in their” new-normal “investment activities,” he said. Chairman of IBS Dr. Kusumaningtuti Sandriharmy Soetiono, SH, LL.M.
In this webinar, he explained how OJK’s support for sustainable finance becomes a mainstream practice after the Covid-19 pandemic, to accelerate the strengthening of risk management and corporate governance for social and environmental aspects.
The IBS academic community hopes that all webinar participants will get deep first-hand insight into how the policy is formulated and implemented, as an anticipatory step to reduce the impact of the Covid 19 Pandemic.
IBS also provides scholarship programs for students with academic and non-academic achievements. One of the scholarships, among others, is in the form of an admission fee relief. With this scholarship program, it provides opportunities for all high school students and the equivalent to get a decent education.
On the occasion of this webinar, and during the Covid-19 pandemic, IBS collaborated with Bank BRI, Bank DKI, Bank Sinarmas, Bank Ganesha and Fintech ALAMI Sharia to provide educational scholarships and certifications to economically disadvantaged and outstanding students.
The scholarship program includes a Start Education Scholarship worth IDR 19 million, in which prospective students who are selected are exempted from test fees, admission fees and first semester fees. “This donation will help outstanding students to start their first semester lectures during the Covid-19 pandemic,” said Kusumaningtuti.
Study scholarships are intended for students who excel but are economically disadvantaged and are currently studying at IBS in the first semester. Then you will receive assistance worth IDR 12 million for tuition fees and professional certification at the end of the lecture period.
Finally, the Graduation scholarship is intended for the best graduates from public high schools who come from underprivileged but high-achieving families, in the form of tuition fees for 8 semesters with a scholarship value of IDR 96 million.
Prospective scholarship recipients are selected and those selected in addition to the best grades, must also be active in organizations, have non-academic achievements, or have social activities that have beneficial impacts on the community. *