Sustainable finance in Indonesia is defined as comprehensive support from the financial service industry to achieve sustainable development resulted from a harmonious relationship between economic, social and environmental interest. In an effort to achieve the goals of sustainable finance in 2019, Indonesia’s Financial Service Authority (FSA) collaborated with International Finance Cooperation-World Bank and Swiss State Secretariat for Economic Affairs, published Sustainable Finance Roadmap in Indonesia 2015-2019.
This roadmap sets forth the detailed work plan on the sustainable finance program for the financial service industry as governed under the authority of OJK, namely the banking, capital market and Non Bank Financial Service Industry (IKNB) sectors. This roadmap on sustainable finance will constitute as part of the Master Plan for Indonesia’s Financial Service Sector (MPSJKI) which is scheduled to be published by December 2015 and will serve as a reference for other stakeholders in the sustainable finance program.
This roadmap is prepared to set forth the end goal relating to sustainable finance in Indonesia to be achieved by 2024 for financial institutions governed under OJK’s authority, namely the banking, capital market and Non Bank Financial Service Industry (IKNB) sectors. And to determine and prepare the benchmark for improvements relating to sustainable finance up to 2024.