KoinWorks launched its first Impact Report entitled Leveling Up Beyond Finance, covering environmental, social, and governance (ESG) pillars, spanning GreenWorks, TrooperWorks, CommunityWorks, and GovernanceWorks.
Heaptalk, Jakarta — The credit-led MSMEs neobank in Indonesia, KoinWorks, summarized its track record in sustainable business practices and the company’s road map for environmental, social, and governance (ESG) commitments wrapped up in its first Impact Report which was launched in Jakarta (03/30).
Entitled “Leveling Up Beyond Finance”, the report covers 4 pillars of KoinWorks impact on ESG, spanning GreenWorks, TrooperWorks, CommunityWorks, and GovernanceWorks.
Concurrently, the startup also declared its aspiration to become the most impactful fintech in Southeast Asia among its ambitious goals for the future. One of its goals is to have more than 2 million MSMEs joining KoinWorks’ inclusive digital ecosystem and have a minimum of 40% gender diversity within the company by 2025.
CEO and Co-Founder of KoinWorks, Benedicto Haryono, conveyed that the company’s business model has always put inclusion and social impact as a priority. He said, “Our newly launched Impact Report is an important step toward our impact goals. As we build an inclusive digital ecosystem, we want our partners, shareholders, and users to have access to the viable strategies and best practices we have employed.”
The event was participated by relevant stakeholders, one of which was the acting Assistant Deputy for Cooperatives and MSMEs Coordinating Ministry for Economic Affairs, Danang Sri Wibowo. Danang shared MSME’s role in creating inclusive and sustainable development. “MSMEs are an important pillar of the Indonesian economy. To realize a sustainable economy, innovation for MSMEs is certainly needed, and inclusive collaborative efforts should be implemented with a validated business framework,” said Danang.
Aiming to be carbon neutral
During the launch, there was also a talk show discussing how KoinWorks has set a viable and inspiring example for successful ESG efforts with MSMEs, covering two speakers, spanning the Chief of Strategic Office at Wifkain, Humprey, and Partner at East Ventures, Avina Sugiarto. The speakers explored how the government and the private sector synergize their priorities to support Indonesia’s inclusive and sustainable economic development.
Through commissioning the report, KoinWorks is optimistic that the impact benchmarks can be delivered in a clear, relevant, and measurable means with strict policies for data security. Senior VP & Impact of KoinWorks, Angelique Timmer, said, “We adopted the international standard of ESG frameworks for startups because we want to express our sustainable literacy and financial inclusion the same way as the global community, so we can work with unified goals for our shared future.”
She added that the company will become more adept at ESG-focused innovations and attract investment capital to support its efforts in improving the environment and society in Indonesia while maintaining business growth.
Onward, KoinWorks aims to be carbon neutral and encourage MSMEs to have a sustainable and environmentally friendly business model. It also intends to achieve the Golden Certificate Cerise, an international standard guide for consumer protection.
