WHAT AND WHY: BANK INDONESIA’S CORPORATE SOCIAL
RESPONSIBILITY (CSR) PROGRAM?
“…the business community, during the last half of century,
has transformed into the most dominant institution on the planet. The dominant
institution in any society has to take responsibility for joint interest…every
decision made, every action taken has to be seen within the context of such
These were the sentiments expressed by Dr. David C. Korten, the
author of the best-selling book “When Corporations Rule the World”. Korten is
highlighting how corporate activity influences the quality of life of an
individual, society as a whole and even the world. This phenomenon is Corporate
Social Responsibility (CSR) in a nutshell.
Similarly, social responsibility seems to be growing almost
daily at Bank Indonesia, which has more than just legal and monetary economic
responsibilities. There are also ethical, social and discretionary
responsibilities, which are not legally obligatory but performed out of
As legislated by Bank Indonesia Act No. 23, 1999, and
superseded by Act No. 3, 2004, as the central bank Bank Indonesia is obliged to
establish and maintain rupiah stability. To achieve its goal, there are three
pillars that guide Bank Indonesia’s roles and functions, namely to regulate and
institute monetary policy; regulate and maintain the continuity of the payment
system; and regulate and supervise banks. Bank Indonesia is also requested to
maintain a level of community care in the form of its corporate social
Care in the surrounding community has a broad meaning, but in
short it can be perceived as promoting the organization’s participation and
position in the community through numerous efforts towards common benefits for
the organization and the community as a whole.
CSR awareness has become a global trend along with the efforts
to prioritize stakeholders. Bank Indonesia’s CSR program is a form of Good
Corporate Governance, as well as supporting the achievement of the Millennium
Goals Development; one of which is to halve poverty by 2015 through MSME-focused
CSR, improve public education through education-focused CSR and preserve the
environment through environment-focused CSR. Bank Indonesia’s CSR program
includes realigning itself with the stakeholders’ requirements and expectations
in relation to issues of ethics, social issues, education, the environment as
well as the economy.
BI-CSR Program Theme
Based on the belief that communication is an essential factor
for Bank Indonesia to maintain its relationship and demonstrate its care in the
community, BI CSR aims to prioritize activities that benefit both parties with
the all-embracing goals of:
Improving the public’s economic life, particularly the middle
to low-income strata.
Assisting government programs in building competent human
resources able to compete internationally.
Improving and maintaining the ecosystem through collaboration
with the public.
Therefore, Bank Indonesia CSR Program is reflected by the
BI COMMUNICATE –
eNterprIse, and eduCATion for
BI Study Visit Program
Study Visits to Bank Indonesia’s Central Office are a part of
Bank Indonesia’s endeavors to educate the public on subjects related to the
Central Bank’s role in the monetary, banking and payment systems. Bank Indonesia
provides an opportunity for the general public to visit the Central Office every
Tuesday and Thursday according to the procedures set in place.
BI Care Coverage (CSR-BI)
This article provides actual news on BI-CSR activities in the
city as well as in rural areas, including other pertinent information regarding
CSR-BI (CSR-BI News), available in Bahasa