MUFG and Danamon Host Net Zero School to Introduce Customers to Sustainable Business Practices

Press Release / 27 May 2025

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Jakarta, 27 May 2025 – MUFG Bank, Ltd. (“MUFG”) and PT Bank Danamon Indonesia Tbk (“Danamon”, IDX: BDMN) hosted the Net Zero School to kick off the MUFG Net Zero World (“MUFG N0W”) 2025 series, aimed at supporting sustainable economic growth in Indonesia. This training, designed for managerial representatives and corporate customers of MUFG and Danamon, was held to provide insights into sustainable finance solutions, energy innovation and efficiency, and their implementation across various sectors.

The Net Zero School, held at Menara Bank Danamon in Jakarta (21/05), was attended by representatives of more than 100 corporate customers of MUFG and Danamon. The event fostered discussions on energy efficiency strategies, structuring sustainable finance solutions, and methods for calculating greenhouse gas (GHG) emissions. The Net Zero School is part of MUFG N0W platform, an initiative designed to bring stakeholders together to collaborate and explore solutions related to environmental, social, and governance (“ESG”) issues in the Asia-Pacific region. The goal is to achieve net zero emissions (NZE) and support Sustainable Development Goals (SDGs), positively impacting both environmental and social aspects. This training was opened with remarks from MUFG and Danamon and featured several speakers from MUFG as well as representatives from various companies from Indonesia and Southeast Asia who have experience in leveraging sustainable financial solutions for business growth.

Michael Sugirin, Managing Director and Head of Global Corporate and Institutional Banking for MUFG Indonesia, said, “As part of MUFG’s global commitment to promoting sustainable business practices, we believe cross-sector collaboration is essential in driving understanding and implementation of more environmentally conscious business practices. Through the implementation of the Net Zero School, we hope to provide practical and inspiring insights for MUFG and Danamon customers to take concrete steps in Indonesia’s journey toward net zero emissions. This initiative reflects MUFG’s efforts to not only be a financial solutions provider but also a strategic partner in creating a positive impact on the environment and society.”

Herry Hykmanto, Director of Sharia & Sustainability Finance at Danamon, stated, “As a member of MUFG, one of the world's largest financial groups, Danamon fully supports the Net Zero School as part of our commitment to achieving net zero emissions in our business operations. We also aim to support our customers in adopting sustainable business practices. With Indonesia’s vast renewable energy potential and strong sustainability aspirations, we hope this program adds value in shaping a more environmentally conscious future—for businesses and for Indonesia.”

Since 2023, MUFG has organized the MUFG N0W series across Asia-Oceania to support businesses aiming to implement sustainable practices through financial solutions that benefit the environment and society. Our inaugural MUFG N0W Indonesia was jointly hosted by MUFG and Danamon in September 2024, to support the country's commitment of achieving net zero carbon emissions by 2060. MUFG N0W serves as a thought leadership forum to drive and facilitate ESG discussions across Asia-Pacific. The event brings together both public and private stakeholders to strengthen collective responses to sustainable development challenges and opportunities in the region. It also seeks to increase awareness and commitment among companies in integrating best ESG practices and solutions into their businesses.

As one of the world’s largest financial groups, MUFG Group has set a commitment to achieving carbon-neutral business operations through three key initiatives: supporting the global warming control target of 1.5°C as outlined in the Paris Agreement, enabling the transition to a decarbonized society through financial solutions, and actively contributing to building a sustainable society where the environment and economy coexist harmoniously. Through the MUFG Carbon Neutrality Declaration (2021), MUFG has committed to achieving net zero emissions in all group operational activities by 2030 and in its financing portfolio by 2050. This commitment is embedded in MUFG's Environmental Policy Statement and the MUFG Environmental and Social Policy Framework, which apply across the entire group.

As a member of MUFG, Danamon has also established its sustainability vision and mission, aiming to allocate 20% of its total loan distribution toward green and sustainable financing by the end of 2025. In line with MUFG’s aspirations, Danamon also aims to achieve net zero emissions in its operations by 2030.

Danamon continues to strengthen its commitment to supporting Indonesia's energy transition goals through various initiatives in its Sustainable Finance Action Plan (SFAP). This strategy includes governance and process development, awareness and capacity building, sustainable financing, responsible workplace management, and corporate social responsibility efforts.

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