Good Corporate Citizenship

Commonwealth Bank believes that the Company's performance must have a positive impact on improving people's welfare.
Increasing the welfare of the community will ultimately support sustainable business development. As part of good corporate citizenship, Commonwealth Bank realizes that relations with the community are a form of positive reciprocal relations that can benefit both parties.

The policies of Commonwealth Bank are outlined in the form of a commitment to build mutual prosperity through various efforts that can be done.

 

Our Activities

As part of a responsible society, the Bank continues to strive to improve national welfare and grow with the community by implementing socially responsible business standards through corporate social responsibility programs. CSR program that are related to the social and community issues of Commonwealth Bank are divided into 2 (two) major program which are Financial Literacy Program and Corporate Philanthropy Program.

 

#1 Financial Literacy Program – WISE

The implementation of financial education in order to improve financial literacy for the Indonesian people is very important because based on the survey conducted by OJK in 2019, shows that the financial literacy index has only reached 38.03% while the financial inclusion index reached to 76.19%.

Based on regional level, for urban financial literacy index reached 41.41% and financial inclusion of urban communities reached to 83.60%, while the literacy index and financial inclusion of rural communities are 34.53% and 68.49%. The survey results also showed that based on gender literacy index and financial inclusion of men are 39.94% and 77.24%, relatively higher than women at 36.13% and 75.15%.

Based on this, since 2014, Commonwealth Bank has focused on Financial Literacy activities targeting women through WISE (Womenpreneur Indonesia for Sustainability & Empowerment) program. WISE is a financial literacy and inclusion program for women entrepreneurs launched by the Bank, which aims to improve the financial well-being of Indonesian women through an integrated and sustainable financial literacy program. The target participants of the WISE program are small and medium women entrepreneurs.

The implementation of the WISE program is conducted through various activities including face-to-face meetings / workshops, educational articles on the WISE mobile application and Micromentor digital mentoring platform.

The WISE mobile app can be downloaded via smartphone. In this app, Indonesian women who are members of the WISE community will get access to information about finance, business, investment and special economics for women such as expense calculators, investment calculators and mortgage calculators to help them in their daily lives.

This app will also function as a social media that connects them with other women to share information and tips for self-development.

The launch of this app is also the company's commitment to continue to innovate in an effort to provide easy and reliable access to information and to reach more Indonesian women.

The WISE program is dedicated for women to have a proper understanding of various financial systems and instruments, so that they will be able to make the right financial decisions.

In 2019-2020, Commonwealth Bank also collaborated with several partners who have the same vision and mission in increasing financial literacy for Indonesian women, such as holding a workshop program with the women's community from one of the largest e-commerce in Indonesia, and presenting the MicroMentor program which is the first digital platform in Indonesia that was built to connect experienced entrepreneurs and professionals from various industries to become mentors and conduct personal mentoring with small and medium entrepreneurs as participants.

For more information about the WISE program, please contact corporate.communications@commbank.co.id

 

# 2 Corporate Philanthropy Program

Commonwealth Bank embodies tangible contributions to society through Social Activities called "Corporate Philanthropy" which is held annually. The implementation of this program is based on Commonwealth Bank's awareness that its rapid growth and development cannot be separated from the trust and support of all parties involved in Commonwealth Bank's business. Therefore, the Bank returns a portion of the profitability obtained in the form of social assistance to people who are eligible.

To increase employee’s participation in CSR activities, Commonwealth Bank has CommCare Club, which is a platform to organize employees to participate in CSR activities.