Implementation of the Principles for Responsible Banking in Indonesian Banking Practices to Realize Sustainable Development Goals

Abstract

- This study aimed to know : (i) the implementation of principle for responsible banking in Indonesia to support sustainable development goals ; (ii) the implementation of CSR and the use and management of Environmental Recovery Guarantee Funds to support the achievement of social, environmental and governance integration to realize responsible banking; (iii) Sustainable Financial Action and Sustainability Report as a means of supervising and monitoring of Bank in implementing responsible banking principles. This research is descriptive analytical research and using a normative juridical approach by prioritizing an analysis of secondary data in the form of primary legal materials, secondary legal materials; and tertiary legal materials. Further, the data obtained were analyzed qualitatively and juridical. The conclusions of this study was : (i) the implementation of principles for responsible banking has not been carried out optimally because of several issues, namely: regulations related to sustainable development goals are spread and partial in nature; (ii) implementation of CSR and the use and management of Environmental Funds have not been optimal to support the achievement of social, environmental and governance integration to realize responsible banking; (iii) Sustainable Financial Action and Sustainability Report have not become a means of supervising and monitoring of Bank in implementing responsible banking principles.