3 BUMDs Prepared to Achieve Green Bonds International Certificate

Jakarta Provincial Government prepares three BUMDs to participate in Green Bonds International certification process.

Those three companies are considered the most potential candidates to get Eco-friendly certification from Climate Bonds Initiative (CBI)

Jakarta Vice Governor, Sandiaga Uno explained, those BUMDs are PT. Transportasi Jakarta (Transjakarta), Perusahaan Daerah Air Minum (PDAM) Jaya, and PD. Pengelolaan Air Limbah (PAL) Jaya.

City Focuses on Accelaration of Public Transportation Services Improvement

"Those three companies are considered the most potential candidates to get Eco-friendly certification from Climate Bonds Initiative (CBI)," he mentioned when attending cooperation meeting with CBI international organization and Indonesia Stock Exchange (IDX) at IDX tower, Jl. Jenderal Sudirman, South Jakarta, Monday (2/5).

He explained, PT. Transjakarta has a very important role in encouraging people to use public transportation than private vehicles.

"PDAM Jaya contributes in providing clean water and PD. PAL Jaya contributes in waste water management," he added.

According to him, by getting that certification, City could attract more investors in foreign stock exchanges to invest for Eco-friendly companies in Jakarta. Thus his side will focus in preparing BUMD financial instruments and infrastructure construction.

"For example, Transjakarta will develop Transit Oriented Development (TOD) concept and reduce carbon emission through savings and  Eco-friendly fuel utilization," he conveyed.