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

DOI

10.2991/icglow-19.2019.26How to use a DOI?

Keywords

banking sector; principle for responsible banking; 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.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lastuti Abubakar
AU  - Tri Handayani
PY  - 2019/10
DA  - 2019/10
TI  - Implementation of the Principles for Responsible Banking in Indonesian Banking Practices to Realize Sustainable Development Goals
BT  - Proceedings of the 3rd International Conference on Globalization of Law and Local Wisdom (ICGLOW 2019)
PB  - Atlantis Press
SP  - 103
EP  - 106
SN  - 2352-5398
UR  - https://doi.org/10.2991/icglow-19.2019.26
DO  - 10.2991/icglow-19.2019.26
ID  - Abubakar2019/10
ER  -