Ecobiz.asia — PT Bank Syariah Indonesia Tbk (BSI) has entered into a strategic partnership with the Basel Agency for Sustainable Energy (BASE) to expand financing for energy efficiency projects in Indonesia.
The collaboration aims to accelerate the development of energy-saving projects through a more structured and lower-risk financing scheme.
The partnership was formalized through the signing of a Memorandum of Understanding (MoU) that adopts a de-risking model for energy efficiency financing. The scheme combines standardized contracts, independent technical validation, and performance insurance (surety bonds) under the Energy Savings Insurance (ESI) mechanism.
The MoU was signed by BSI’s SVP of ESG Rima Dwi Permatasari and BASE Sustainable Finance Senior Pablo Osés Bermejo.
The signing ceremony was witnessed by BSI Vice President Director Bob T Ananta, along with representatives from several ministries and institutions, including the Ministry of Public Works, the Directorate General of New, Renewable Energy and Energy Conservation (EBTKE) at the Ministry of Energy and Mineral Resources, the Ministry of Industry, and the Financial Services Authority (OJK).
The collaboration forms part of the UK PACT (UK Partnering for Accelerated Climate Transitions) program, a bilateral funding initiative between the Governments of the United Kingdom and Indonesia aimed at accelerating Indonesia’s transition toward a low-carbon economy.
BSI Vice President Director Bob T Ananta said the ESI initiative is expected to serve as a reference for the development of green financing products while supporting Indonesia’s low-carbon transition agenda.
“Through the Energy Savings Insurance initiative, we hope to support Indonesia in implementing a low-carbon economic transition and contribute to achieving the Net Zero Emission 2060 target,” Bob said in a statement on Wednesday (Jan. 1, 2026).
According to Bob, the partnership with BASE also reflects BSI’s consistency in integrating Environmental, Social, and Governance (ESG) principles into its business operations, particularly in sustainable financing.
As of September 2025, BSI’s sustainable financing portfolio accounted for 24.60 percent of total financing, amounting to Rp73.16 trillion. In addition, BSI has issued Sustainability Sukuk in two stages, totaling Rp3 trillion in 2024 and Rp5 trillion in 2025. ***
