Bank Participation in Managing Environmental Recovery Guarantee Funds in Order to Realize the Sustainable Development Goals
- 10.2991/icglow-19.2019.3How to use a DOI?
- The Environmental Economic Instruments, Banking participation, Sustainable Development Goals.
This article examines the SDGs agenda, that is Indonesia committed to harmonize all aspects of doing business with the SDGs purposes. Bank as one of the funding sources for large companies, had an impact from this agenda into a loan mechanism. The SDGs agenda also brought the changes in a several banking services. By giving a credit to a potential customer, banks are concerning to the priority industries (industries of energy, agriculture, infrastructure and Micro Small and Medium Enterprises (MSME). Those industries are the main targets of sustainable economic development in Indonesia. The Financing that conducted by Bank has to integrate all the aspects of environmental protection, social and risk management in order to avoid, prevent and minimize the negative impacts that will influence bank activities. The bank also concerns to develop their services due to realize the SDGs Agenda. This Article attempts to answer the legal problems of how the banks to participate in managing Environmental Recovery Guarantee Funds in order to realize the SDGs and how The Environmental Recovery Guarantee Funds used as a preventive phase as already mandated by UU PPLH.
- © 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/).
Cite this article
TY - CONF AU - Tri Handayani AU - Abubakar AU - Lastuti PY - 2019/10 DA - 2019/10 TI - Bank Participation in Managing Environmental Recovery Guarantee Funds in Order to Realize the Sustainable Development Goals BT - Proceedings of the 3rd International Conference on Globalization of Law and Local Wisdom (ICGLOW 2019) PB - Atlantis Press SP - 9 EP - 13 SN - 2352-5398 UR - https://doi.org/10.2991/icglow-19.2019.3 DO - 10.2991/icglow-19.2019.3 ID - Handayani2019/10 ER -