BAMBOO PRESERVATION AND CONSERVATION
The Bank consistently carries out CSR programs in the environmental sector in bamboo preservation and conservation in several regions in Indonesia. Program implementation is carried out in collaboration with an independent partner, Yayasan Keanekaragaman Hayati (KEHATI). The Bank planted 19,000 bamboos in 2022. Cumulatively, the Bank has planted 49,400 bamboos since 2012 consisting of Black Bamboo (Gigantochloa atroviolacea), Tabah Bamboo (Gigantochloa nigrociliata (Buese) Kurz), and Betung Bamboo (Dendrocallamu asper) in West Java, Central Java, Bali, West Nusa Tenggara, and East Nusa Tenggara.
This activity is purposed to improve the quality of groundwater absorption, prevent erosion in the planting area, and increase the absorption of Green House Gas (GHG) emissions. The potential for carbon absorption by bamboo grown through the CIMB Niaga CSR program will be analyzed periodically.
Analysis results in 2022 indicated a potential for carbon absorption to reach more than 1,780 tonnes CO2 equivalent. Cumulatively, starting in 2019, bamboo conservation has been able to contribute positively to climate change mitigation actions through carbon absorption reaching more than 5,900 tonnes CO2 equivalent.