Juridical Review of the Implementation of Corporate Social Responsibility (CSR) as a Banking Commitment to Realizing Sustainable Banking (Case Study at PT Bank BJB, Tbk)

Main Article Content

Lastuti Abubakar
Tri Handayani

Abstract




Applicability of the Financial Services Authority Regulation (POJK) No. 51 of 2017 on Sustainable Finance will gradually require banks to apply the principles of sustainable finance. One of the banking commitments to realize sustainable banking is carried out through the implementation of social and environmental responsibility (CSR) that integrates economic, social, environmental and governance aspects. The legal issue in implementing CSR is the change like regulation, which is all voluntary rules to become obligatory rules. Also, banking CSR practices require adjustments to accommodate sustainable financial principles to realize sustainable banking. The approach method used in this study is a normative juridical approach with descriptive, analytical research specifications, using secondary data in the form of primary, secondary and tertiary legal materials analyzed qualitatively juridically. The results of the study indicate that the regulations governing CSR as a commitment of banks to realize sustainable banking still require more detailed arrangements, specifically the determination of the amount and source of CSR funds and sanctions for violations of CSR. Also, banks have not been optimal in using CSR as a means to accelerate the realization of sustainable banking. The effort that must be made by banks is to include CSR as part of the company's value and change the view that CSR is a good practice of banking that will generate long-term benefits for all stakeholders.




Downloads

Download data is not yet available.

Article Details

How to Cite
Abubakar, L., & Handayani, T. (2018). Juridical Review of the Implementation of Corporate Social Responsibility (CSR) as a Banking Commitment to Realizing Sustainable Banking (Case Study at PT Bank BJB, Tbk). Varia Justicia, 14(2), 61-73. https://doi.org/10.31603/variajusticia.v14i2.2299
Section
Articles

References

Lastuti Abubakar & Tri Handayani. (2018). Implementasi Prinsip Kehati-hatian Melalui Kewajiban Penyusunan dan Pelaksanaan Kebijakan Perkreditan atau Pembiayaan Bank. Rechtsidee. 13(1), 65
Lastuti Abubakar & Tri Handayani, (2017). Telaah Yuridis Terhadap Implemntasi Prinsip Kehati-hatian Bank Dalam Aktivitas Perbankan Indonesia. De Lega Lata, 2(1), 80
Otoritas Jasa Keuangan (2016). Perbankan-Seri Literasi Keuangan Perguruan Tinggi. Jakarta, 6
United Nations. (2017) Sustainable Development Goal 8, https://sustainabledevelopment.un.org/sdg8, retrieved Thursday, August 30, 2018.
Swiss Sustainable Finance. (2018). What is Sustainable Finance, http://www.sustainablefinance.ch/en/what-is-sustainable-finance-_content---1--1055.html, retrieved Friday, August 31, 2018.
European Commission. (2018). Sustainable Finance. https://ec.europa.eu/info/business-economy-euro/banking-and-finance/sustainable-finance_en, retrieved Friday, August 31, 2018.
Sustainable Banking Network- International Finance Corporation-World Bank Group. (2018). Sustainable banking Network (SBN)- Briefing –April 2018, https://www.ifc.org/wps/wcm/connect/a3820a79-8b43-40b6-b93b-322d5bf3237d/SBN_Brief.pdf?MOD=AJPERES, retrieved Saturday, September 1, 2018.
Maimunah Ismail. (2009). Corporate Social Responsibility And Its Role In Community Developmnt : An International Perspective, The Journal of International Social research, 2(9),199
Committee Encouraging Corporate Philanthropy. (2010). Shaping The Future : Solving Social Problems Through Business Strategy –Pathways To Sustainable Value Creation in 2020, 13
PT Bank BJB, Tbk. (2017). Melangkah Menuju perubahan Masa Depan Yang Berkelanjutan- Laporan Berkelanjutan, 119.
PMSM Indonesia. (2013). Value & Corporate Value. https://www.pmsm-indonesia.com/rubric/value-corporate-value/, retrieved Friday, August 31, 2018