First Movers on Sustainable Banking" Global Basis Sustainable Finance Concept: Sharia Finance Period 2018-2020 Sector Performance Reporting Initiative (GRI)
Article Sidebar
Main Article Content
Abstract
The idea of sustainable finance is becoming more and more important in today's fast-paced global world, pushing financial institutions to take the effects on the environment, society, and economy into account when conducting business. The primary resource for reporting sustainable performance is the Global Reporting Initiative (GRI). Nevertheless, there are still few comprehensive studies on the application of BRI Syariah and Bank Muamalat's sustainable finance concept in the context of the sharia financial sector, particularly when it comes to evaluating the sector's performance from 2018 to 2020. The research question is: What impact does the sharia financial sector's performance have from the application of the concept of sustainable finance, as defined by "first movers on sustainable banking" and based on the Global Reporting Initiative (GRI)? and what and what is the impact of implementing the sustainable finance concept "first movers on sustainable banking" based on the Global Reporting Initiative (GRI) on the performance of the sharia financial sector ? . This kind of research is classified as qualitative, and it is specifically descriptive in nature. A secondary source is the data source that was used. Time triangulation, literature analysis, and documentation are some of the methods used in data collection. After that, the data was examined through data reduction, data visualization, and conclusion-making. Based on GRI guidelines, BRI Syariah has successfully implemented sustainable financial concepts with satisfactory economic performance, including market adaptation and moderate growth. Actions taken in the field of green banking, like funding TJSL, CSR, and sustainable agriculture as well as renewable energy, benefit society. In the areas of the economy, environment, and society, Bank Muamalat Indonesia has also been successful in putting the GRI sustainable finance concept into practice. Liquidity, fund raising, and efficient asset management all demonstrate its financial sustainability.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Amrulloh, W. E. (2023, April). The Model and Implementation of Corporate Social Responsibility (CSR) on Sharia Banking. In International Conference On Law, Economics, and Health (ICLEH 2022) (pp. 133-142). Atlantis Press.
Ani, S. M., & Fredy, H. (2017). Mekanisme governance dan pengungkapan sustainable finance: untuk melihat tingkat kesiapan penerapan sustainable finance pada perusahaan jasa keuangan terdaftar di BEI. Jurnal Akuntansi, 21(3), 437-447.
Ardana, Y. (2018). Faktor Eksternal dan Internal yang Mempengaruhi Profitabilitas Bank Syariah di Indonesia. Cakrawala: Jurnal Studi Islam, 13(1), 51-59.
Asfahaliza, A. N. P., & Anggraeni, P. W. (2022). Pengaruh Penerapan Green Banking terhadap Profitabilitas Perbankan di Indonesia Periode 2016-2021. Contemporary Studies in Economic, Finance and Banking, 1(2).
Bătae, O. M., Dragomir, V. D., & Feleagă, L. (2021). The relationship between environmental, social, and financial performance in the banking sector: A European study. Journal of Cleaner Production, 290, 125791.
Chandra, J. A. C., & Sacipto, R. (2022). Analisis Peranan Pemerintah Terhadap Praktik Greenwashing Dalam Strategi Investasi Keuangan Berkelanjutan Berbasis ESG. Jurnal Panorama Hukum, 7(2).
Dosinta, N. F. (2021). Mekanisme Corporate Governance dan Risk Disclosures: Studi Pada Annual Report Bank Devisa di Indonesia. Akurasi: Jurnal Studi Akuntansi dan Keuangan, 4(2), 273-288.
Doan, N. T., Hoang, D. P., & Pham, A. H. T. (2020). Media reputation: a source of banks' financial performance. International Journal of Bank Marketing, 38(6), 1399-1419.
Gumantiny, M. (2022). Analisis minat perbankan dalam keuangan berkelanjutan. Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan, 4(9), 4020-4033.
Hayati, N., & Yulianto, E. (2020). Peranan Keuangan Berkelanjutan Pada Industri Perbankan Dalam Mendukung Sustainable Development Goals: Peranan Keuangan Berkelanjutan Pada Industri Perbankan Dalam Mendukung Sustainable Development Goals. Jurnal Akuntansi Bisnis dan Ekonomi (JABE), 6(1), 1633-1652.
Khan, I. U., Hameed, Z., Khan, S. U., & Khan, M. A. (2023). Green banking practices, bank reputation, and environmental awareness: evidence from Islamic banks in a developing economy. Environment, Development and Sustainability, 1-21.
Kumajas, L. I., Saerang, D. P. E., Joubert Baren Maramis, L. O. H., & Soepeno, D. (2022). Contradictions of Sustainable Finance: A Literarture Review. https: s//ejournal. unstrat. ac. id.
Miranti, R., Widhiyoga, G., & Haqqi, H. (2018). Analisis pembangunan berkelanjutan terhadap kebijakan perubahan iklim Indonesia sebagai upaya mengakomodasi Paris Agreement. Transformasi, 1(34).
Muhammad, R., Suluki, A., & Nugraheni, P. (2020). Internal factors and non-performing financing in Indonesian Islamic rural banks. Cogent Business & Management, 7(1), 1823583.
Pizzi, S., Del Baldo, M., Caputo, F., & Venturelli, A. (2022). Voluntary disclosure of Sustainable Development Goals in mandatory non‐financial reports: The moderating role of cultural dimension. Journal of International Financial Management & Accounting, 33(1), 83-106.
Rocha, M., Searcy, C., & Karapetrovic, S. (2007). Integrating sustainable development into existing management systems. Total quality management & business excellence, 18(1-2), 83-92.
Widarjono, A., & Rudatin, A. (2021). The Determinants of Indonesian Islamic Rural Banks' Non-Performing Financing. Global Review of Islamic Economics and Business, 9(1), 029-041.