The Government Savings Bank (GSB) is committed to operating under the mission of “Social Bank” by taking care of the grassroots and community. GSB serves as a key organization that implements government policies to provide assistance to businesses and the public, aiming to create positive impacts on individuals and society, or “Making POSITIVE Impact on Society”. GSB conducts its business with a focus on social responsibility, community, and environmental concerns, while ensuring a reasonable level of profitability and contributing to Sustainable Development Goals (SDGs). The importance is placed on SDG 1, No poverty, and SDG 10, Reduced inequalities. GSB follows a framework for sustainable development that emphasizes achieving a balance in the Triple Bottom Line (3P):
Apart from these aspects, GSB also ensures a balanced distribution of income for stakeholders in Internal Sustainability through the Social Mission Integration. GSB’s operational performance is elevated as the social, environmental, and governance-oriented institution in all significant processes (ESG in Action). This is accomplished through the pursuit of dual missions, which includes the commercial mission aimed at increasing revenue and reducing costs appropriately to strengthen the organization’s financial position, as well as taking care of employees and workers. Regarding the External Sustainability, GSB utilizes profits from the operations to support social missions, contributing to the strength of the grassroots economy, society, communities, and the environment.
GSB is committed to Social Mission Integration in order to drive sustainable operations in correspondence with ESG frameworks. Each business unit incorporates social missions as part of their workflow to create positive impacts and mitigate negative effects on society. This includes fostering collaborations with various stakeholders to collectively contribute to the sustainability of the economy, society, and the environment.