KONTAN.CO.ID - JAKARTA. PT Federal International Finance (FIF) has established strategic collaboration with Mizuho Bank Ltd, MUFG Bank Ltd, and Sumitomo Mitsui Banking Corporation Singapore Branch in the form of signing a sustainable loan facility agreement worth US$ 60 million.

FIF Finance Director Valentina Chai Wei Li said, this loan is a form of FIF's commitment to integrating sustainable practices into its operations, especially in the financing sector, in line with the global commitment to achieving the Sustainable Development Goals (SDGs).

"Celebrating the 35th anniversary of PT Federal International Finance and supporting the implementation of SDGs, we are committed to realizing sustainable practices, especially in the financing sector," said Valentina, in a press release on Tuesday (30/4).

Valentina explained that the loan facilities that have been obtained will later be managed as business capital in the distribution of financing designed to provide a sustainable impact on society and the environment. Women and people with disabilities are among the groups who will benefit from this facility.

As an effort to support the green economy, environmentally friendly financing is also offered through this facility, such as loan facilities for electric Honda motorbikes and other environmentally friendly products.

"The issuance of ESG Loans is one of the important initiatives to support the FIF 2030 Sustainability Aspiration, especially in developing a sustainable business portfolio. This initiative is a form of FIF's commitment to supporting the implementation of the Sustainable Finance Roadmap initiated by the Financial Services Authority (OJK). This commitment is realized through "developing innovative products and sustainable financial services," he said.

Furthermore, this initiative is also a strategic step in developing the company's Sustainable Finance Action Plan (RAKB) which is in line with OJK Regulation (POJK) Number 51/POJK.03/2017 concerning the Implementation of Sustainable Finance for Financial Services Institutions, Issuers and Public Companies.

In implementing sustainable practices in FIF's business operations, the Company will distribute product financing facilities through three brand services, namely FIFASTRA, SPEKTRA and FINATRA. FIFASTRA provides Honda motorbike financing services, SPEKTRA offers credit for electronic equipment, gadgets, and household furniture, and FINATRA provides business capital financing for Micro, Small and Medium Enterprises (MSMEs).

"Aligning with the commitment to the 5th SDGs related to Gender Equality and the 10th SDGs related to Reducing Inequalities, FIF will present special programs or promos for women and people with disabilities who want to realize their dream of owning a Honda motorbike at FIFASTRA or electronic equipment, gadgets, etc. household furniture at SPEKTRA," said Valentina.