Halo,
Indonesia.

  • Indonesian

    Official Language
  • Joko Widodo

    President
  • Jakarta

    Capital

Why Indonesia?

01
Indonesia is a natural resources-based economy and geographically consists of islands which makes the country extremely vulnerable to climate change. Thousands of islands are in threat of subsidence and a number of small islands have indeed sunken.
According to the Indonesia NDC—agriculture, forestry and land-use change is the country’s largest GHG emission resources. If the existing land-based sector business activities are not managed sustainably it is at risk to create social unrest as the existing development is built at the expense of major GHG emissions, peat, forest and biodiversity loss. In turn, there is uncertain of available natural capital left to maintain a stable economic development in the future.
01
270,625,568
Population in 2019
enforced since 2019
Sustainable Finance Regulation effective
+1.10%
is the growth rate of Indonesias population per year
1.119 trillion USD
is the nominal GDP. This ranks Indonesia as the 16th strongest economy in terms of its GDP.
903,000 sq.km
Forest area
NGFS member
OJK and Bank of Ind.

Sustainability Commitments

  • 26%

    Emission Reduction

    Committed to reduce GHG emissions by 26% by 2020 and 29% by 2030 (or 41% with international assistance)

  • 7

    Development Targets

    The National Medium Term Development Plan
    (RPJMN ) 2020 2024 sets 7 development targets
    in accordance with the 17 Goals in SDGs

  • 23%

    Share of renewable energy

    23% share of renewable energy in primary energy supply by 2025 is the national target in the National Energy Policy, issued in 2014

  • Land-use change

    is the largest GHG emitter

    In Indonesia’s NDC—agriculture, forestry and other land-use change (AFOLU) is the country’s largest GHG emission resources

  • Land-based activities

    need to be managed sustainable

    If the existing land-based sector business activities are not managed sustainably, the majority of the land-based development happens at the expense of huge GHG emissions, peat, forest and biodiversity loss

  • Roadmap

    The
    Sustainable Finance Roadmap Phase II
    (2021 2025) has been launched in January
    2021, focusing on five initiatives that is
    expected to accelerate the environmental,
    social, and governance (ESG) implementation
    in Indonesia.

  • Regulation

    The OJK Regulation on Application of Sustainable Finance (NO.51/POJK.03/2017) mandates financial institutions to develop short- and medium-term sustainable finance action plans

  • Sector Guidelines

    A series of voluntary guidelines facilitates the incorporation of relevant E&S safeguards into financial institutions’ sector policies, such as palm oil, clean energy, and green building

  • Green Bond

    The OJK Regulation on the Issuance and Terms of Green Bond (NO.60/POJK.04/2017) regulates the issuance of and requirements for green bonds

  • Climate Change
  • Deforestation
  • Sustainable Finance
  • Green Bonds

First country in ASEAN issuing a sustainable finance regulation (2017)

First country in ASEAN issuing a sustainable finance regulation (2017)

First country in ASEAN issuing a sustainable finance regulation (2017)

First country in ASEAN issuing a sustainable finance regulation (2017)

  • 01
  • 02
  • 03
  • 04

Starting January 2019, the sustainable finance regulation by the Financial Services Authority (OJK) No. 51/POJK.03/2017 in Indonesia came into force. With the regulation, gradually, financial service institutions, issuers and public companies are obliged to submit annual and five-year Action Plans on Sustainable Finance and publish sustainability reports.

The Technical Guidelines for Banks on the Implementation of POJK51, issued in November 2018, provide additional information and guidance for banks.

In May 2018 the financial industry positively responded POJK51 by establishing the Indonesia Sustainable Finance Initiative – a catalyst to create national level playing field on sustainable finance and to amplify the role of financial sector to achieve the Sustainable Development Goals (SDG) and accelerate the country’s transition to a low carbon and climate resilient economy.

By December 2020, IKBI has been supported by 14 banks representing more than 64% of the national banking assets, 1 infrastructure financing company, and 1 civil society.

Unfullfilled

62%

Fullfilled 2018

20%

Improved 2019

18%
38%
fullfilled 2019
26.11.2019

IKBI International Seminar: “Finance Sector Movement towards a Climate Resilient Economy”

03.03.2020

Managing Climate Change and Forest Related Risks in Financing Activities

04.03.2020 - 06.03.2020

Workshop on land based sector financing guidelines

13.08.2020

Challenges and Opportunities of Renewable Energy Development in the New Normal

17.07.2018 - 18.07.2018

KWAP Environmental Conference 2018

17.10.2018

2018 Asian Bankers Association (ABA) Maybank Short Term Visiting Program

18.03.2019

Responsible Banking Networking and Sharing Session

01.04.2019

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

01.10.2019

CIMB The Cooler Earth Sustainability Summit 2019

01.03.2019

The Central Bank of Myanmar Sustainable Banking Seminar

01.03.2019

CB BANK WORKSHOP ON ESG INTEGRATION

25.04.2019

ABA-COFITT Sustainable Finance Workshop

30.04.2019

Sustainable Finance Dialogue Forum

09.10.2019

2nd Sustainable Finance Dialogue Forum

01.04.2019

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

01.04.2019

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?

25.04.2019

ABA-COFITT Sustainable Finance Workshop

30.04.2019

Sustainable Finance Dialogue Forum

09.10.2019

2nd Sustainable Finance Dialogue Forum

01.04.2019

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?

01.07.2019

Sustainable Banking Workshop No.2/2019: Sustainable Infrastructure Financing

16.10.2019

Sustainable Banking Workshop No.3/2019: Responsible Lending – Implementation Phase

IKBI International Seminar: “Finance Sector Movement towards a Climate Resilient Economy”
26.11.2019

IKBI International Seminar: “Finance Sector Movement towards a Climate Resilient Economy”

This seminar was held by IKBI together with the Indonesian Stock Exchange (IDX) and the National Bank Association (Perbanas).

First Panel: Panelists from OJK and United Nations Environment Program Finance Initiative (UNEP FI), moderated by representative from Bank Syariah Mandiri
Discussion on the regulator’s effort to mitigate climate risk and to create an enabling environment for climate action.

Second Panel: Panelists from HSBC, Standard Chartered, and BNP Paribas, moderated by representative from WWF Indonesia.
Discussion on the crucial role of top management’s commitment for the implementation of sustainable finance.

Managing Climate Change and Forest Related Risks in Financing Activities
03.03.2020

Managing Climate Change and Forest Related Risks in Financing Activities

The Carbon Disclosure Project and the Indonesia Sustainable Finance Initiative (IKBI) convened a workshop to share the potential benefits in managing and at the same time disclosing the climate change and forest related risks of financing activities. WWF Indonesia shared the associated risks for financial institution related to forest risk commodities and why the financial sector should engage and encourage their client to prevent opening concessions in forested areas (both primary and secondary) as well as peatland for their business activities.

Speakers:
• Morgan Gillespy, Global Director, Forests, CDP
• Christian Lonnqvist, Manager for Financial Services, CDP United Kingdom
• Joseph Power, Senior Analyst for Financial Services, CDP United Kingdom
• Rizkiasari Yudawinata ( Head of Sustainable Finance, WWF Indonesia

Workshop on land based sector financing guidelines
04.03.2020 - 06.03.2020

Workshop on land based sector financing guidelines

A one day field trip and a two day of scoping study group discussion on land based sector financing guidelines was taken place in Jambi, involving the Indonesia Financial Service Authority (OJK), WWF Indonesia and PT Sarana Multi Infrastruktur (PT SMI) – a state owned infrastructure financing institution and sustainable infrastructure expert from University of Lampung.
The discussion was deemed essential given that agriculture, forestry and other land use change ( is the country’s largest GHG emissions resources. The discussion aimed at identifying the shared ESG risks across AFOLU sectors, the natural capital that the sector rely on and how the financial sector
could better understand to help their AFOLU clients to effectively curb the GHG emissions.

Challenges and Opportunities of Renewable Energy Development in the New Normal
13.08.2020

Challenges and Opportunities of Renewable Energy Development in the New Normal

IKBI Webinar:

Notable speakers are representatives from:
• Financial Services Authority (OJK)
• Ministry of Energy and Mineral Resources
• Brainware.id
• Joint Credit Mechanism (JCM)

KWAP Environmental Conference 2018
17.07.2018 - 18.07.2018

KWAP Environmental Conference 2018

Igniting Action for a better tomorrow

Panel: Feeding Asia

WWF Malaysia – Knowledge Partner

Panelists:

  • Emily Kunen, Global Responsible Sourcing Leader, Palm oil & Seafood, Nestlé
  • Audrey Cheung, Vice-President, Quality Systems and Supply Chain Management, McDonald’s China
  • Noor Izlin Andrina Ismail, Manager, Social Performance – Sustainability and Quality, Sime Darby Plantations
  • Dr. Keith Lee, Sustainable Finance, WWF Malaysia (moderator)

Environmental Conference
2018 Asian Bankers Association (ABA) Maybank Short Term Visiting Program
17.10.2018

2018 Asian Bankers Association (ABA) Maybank Short Term Visiting Program

Kuala Lumpur – Malayan Banking Berhad (Maybank) successfully conducted the two-day ABA Short Term Visiting Program in its headquarters in Kuala Lumpur on October 18-19, 2018. The program, attended by 24 bank delegates from 13 different financial institutions in 8 countries, featured 7 banking subjects, presented by senior managers of Maybank.

Presentation: Global Drivers of ESG Integration (Dr Keith Lee, Sustainable Finance WWF Malaysia)

https://www.aba.org.tw/2018/10/27/successful-2018-aba-maybank-short-term-visiting-program-in-kuala-lumpur/

Responsible Banking Networking and Sharing Session
18.03.2019

Responsible Banking Networking and Sharing Session

CIMB Group, one of 28 founding banks of the Principles for Responsible Banking, hosted a Malaysia Responsible Banking Engagement and Sharing Session in collaboration with the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) and the Association of Banks in Malaysia (ABM).

Mr. Rafe Haneef, CEO, CIMB Islamic Bank Bhd led the event participated by a total of 22 conventional and Islamic banks in Malaysia.

Presentation of the UNEP FI’s Principles for Responsible Banking and the resources that support banks in implementing the Principles were a central theme of the event. The active Q&A session showed high level of interest on sustainable finance among Malaysian banks.

https://www.unepfi.org/banking/bankingprinciples/

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis
01.04.2019

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

1 April 2019 | Kuala Lumpur

Event Partners: WWF, RAM, IIC, CIMB

CIMB The Cooler Earth Sustainability Summit 2019
01.10.2019

CIMB The Cooler Earth Sustainability Summit 2019

Population and urbanisation continue to rise, and with that, production and consumption are ever increasing. Businesses are growing, but under pressure to produce more and better quality at lower prices. Industrial and human activities continue to contribute to global heating and unprecedented environmental degradation. Human rights, health and productivity are compromised. Many parts of the civilised world are at risk of sinking beneath the waves in the next decade or two. Nature, wildlife and biodiversity – life itself – are threatened. There is no longer any doubt that humanity is at risk.

All these, coupled with governance, political and socioeconomic factors are prompting businesses, customers, investors, employees, governments and the rakyat to positively contribute to improving environmental and social wellbeing, towards creating a better future. Rapid technological changes are forcing leaders to reinvent their business models and future-proof. In short, business as usual is no longer an option.

As the world around us changes, financiers, investors and businesses have a responsibility to change their ways and manage economic, environmental and social risks, with long-term strategies to create net positive impact, while also remaining relevant and profitable.

  • WWF Malaysia – Knowledge Partner
  • Keynote Speaker: Maureen DeRooij (CEO WWF Singapore) – A Critical Connection: Why Can’t We Separate Nature from the Economy?
  • Panel: Sustainable Finance – What are the Regulators’ Expectations and Financial Sector Initiatives Towards Advancing Sustainable Finance?
    • Tengku Zafrul Aziz, Group CEO, CIMB Group
    • Dr. Hamim Syahrum Ahmad Mokhtar, Deputy Director, Islamic Banking and Takaful Department, Bank Negara Malaysia
    • Yuki Yasui, Asia Pacific Region Co-ordination Manager, UNEP FI
    • Pierre Rousseau, Strategic Advisor for Sustainable Business, BNP Paribas Bank
    • Jeanne Stampe, Head of Asia Sustainable Finance, WWF (moderator)
  • Parallel breakout session: Masterclass | Sustainability Tools & Resources for Environmental and Social Risk Management (Lavanya Rama Iyer, Head of Policy WWF Malaysia and Norizan Mazlan, Head of Conservation Peninsula Malaysia WWF Malaysia)

https://coolerearth.cimb.com/

The Central Bank of Myanmar Sustainable Banking Seminar
01.03.2019

The Central Bank of Myanmar Sustainable Banking Seminar

Departments of Central Bank

Objective: Understand the relevance of sustainable finance to Myanmar local context and how sustainable banking will contribute to Myanmar’s sustainable growth

Get insights into ASEAN sustainable finance discussion and how banks are mainstreaming sustainable finance

Develop a strategy to on-board Myanmar Banking sector on successful sustainable finance journey in collaboration with partners

CB BANK WORKSHOP ON ESG INTEGRATION
01.03.2019

CB BANK WORKSHOP ON ESG INTEGRATION

Objective: Sustainable Development, Investor Relations, Product Management, Relationship Management, and related functions), Credit policy, Enterprise Risk Management team, Treasury, Asset Management team and other staff involved in integrating ESG practices in banks’ operating models and in defining the strategies, policies and procedures

ABA-COFITT Sustainable Finance Workshop
25.04.2019

ABA-COFITT Sustainable Finance Workshop

Managing ESG-Related Risks, Capturing Sustainable Finance Opportunities

Thursday, 25 April 2019

Summary: Globally, financial institutions and regulators recognise that environmental and social issues are material for the financial sector. To meet growing investor, consumer, civil society and regulator expectations and ensure the resilience of lending portfolios, banks in Southeast Asia and globally, have progressed with integrating Environmental, Social and Governance factors in their businesses (ESG integration).

This workshop provided participants with a perspective on why environment and social issues are material for banks in Myanmar and how to start addressing ESG risks and capturing business opportunities arising from sustainable development.

ABA-COFITT Sustainable Finance Workshop
Sustainable Finance Dialogue Forum
30.04.2019

Sustainable Finance Dialogue Forum

30 April 2019 | Manila

Event Partners: WWF, Bankers Association of the Philippines, ADFIAP

2nd Sustainable Finance Dialogue Forum
09.10.2019

2nd Sustainable Finance Dialogue Forum

9 October 2019 | Manila

Event Partners: WWF, Bankers Association of Philippines

  • The Bankers Association of the Philippines (BAP) and World Wide Fund Philippines (WWF), Association of Development Finance Institutions in the Asia-Pacific (ADFIAP), and United Nations Economic and Social Commission for Asia and The Pacific (UNESCAP) organized the second national dialogue forum with the following objectives: to identify barriers and solutions to ESG integration; to recommend improvements in the BSP draft circular; to introduce the TCFD and methods on climate scenario analysis at the portfolio level.
  • The event was keynoted by Mr. Gigi Montinola, WWF Chairperson.

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis
01.04.2019

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

1 April 2019 | Kuala Lumpur

Event Partners: WWF, RAM, IIC, CIMB

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?
01.04.2019

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?

  • The bank of Thailand in collaboration with the Thai Bankers‘ Association and WWF organized the first sustainble banking workshop for 2019 focusing on the systemic issues and the importances of ESG as part of banking business.
  • ESG is an essential piece to understanding how systemic issues like climate change and socio-political stability will impact financial returns. Understanding broader environmental and social context within which banks and companies operate, current trends, impacts and increasing expectation from investors will help banks effectively mitigate the risks and adapt to changes.
  • Mr. Somchai Lertlarpwasin, the Senior Director of Financial Institutions Strategy Department, gave an opening speech at the event.

Sustainable Banking Workshop Website
ABA-COFITT Sustainable Finance Workshop
25.04.2019

ABA-COFITT Sustainable Finance Workshop

Managing ESG-Related Risks, Capturing Sustainable Finance Opportunities

Thursday, 25 April 2019

Summary: Globally, financial institutions and regulators recognise that environmental and social issues are material for the financial sector. To meet growing investor, consumer, civil society and regulator expectations and ensure the resilience of lending portfolios, banks in Southeast Asia and globally, have progressed with integrating Environmental, Social and Governance factors in their businesses (ESG integration).

This workshop provided participants with a perspective on why environment and social issues are material for banks in Myanmar and how to start addressing ESG risks and capturing business opportunities arising from sustainable development.

ABA-COFITT Sustainable Finance Workshop
Sustainable Finance Dialogue Forum
30.04.2019

Sustainable Finance Dialogue Forum

30 April 2019 | Manila

Event Partners: WWF, Bankers Association of the Philippines, ADFIAP

2nd Sustainable Finance Dialogue Forum
09.10.2019

2nd Sustainable Finance Dialogue Forum

9 October 2019 | Manila

Event Partners: WWF, Bankers Association of Philippines

  • The Bankers Association of the Philippines (BAP) and World Wide Fund Philippines (WWF), Association of Development Finance Institutions in the Asia-Pacific (ADFIAP), and United Nations Economic and Social Commission for Asia and The Pacific (UNESCAP) organized the second national dialogue forum with the following objectives: to identify barriers and solutions to ESG integration; to recommend improvements in the BSP draft circular; to introduce the TCFD and methods on climate scenario analysis at the portfolio level.
  • The event was keynoted by Mr. Gigi Montinola, WWF Chairperson.

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?
01.04.2019

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?

  • The bank of Thailand in collaboration with the Thai Bankers‘ Association and WWF organized the first sustainble banking workshop for 2019 focusing on the systemic issues and the importances of ESG as part of banking business.
  • ESG is an essential piece to understanding how systemic issues like climate change and socio-political stability will impact financial returns. Understanding broader environmental and social context within which banks and companies operate, current trends, impacts and increasing expectation from investors will help banks effectively mitigate the risks and adapt to changes.
  • Mr. Somchai Lertlarpwasin, the Senior Director of Financial Institutions Strategy Department, gave an opening speech at the event.

Sustainable Banking Workshop Website
Sustainable Banking Workshop No.2/2019: Sustainable Infrastructure Financing
01.07.2019

Sustainable Banking Workshop No.2/2019: Sustainable Infrastructure Financing

This second workshop highlights important aspects of sustainable infrastructure development in driving sustainable economy and shaping tomorrow’s communities in ways that do not diminish the functionality of natural systems. As UN SDGs recognizes infrastructure as one of the goals, it is necessary for the country to develop quality, reliable, sustainable and resilient infrastructure that supports economic development as well as the human well-being.

Mrs. Wajeetip Pongpech, the Assistant Governor, gave the opening speech at the event.

Sustainable Banking Workshop
Sustainable Banking Workshop No.3/2019: Responsible Lending – Implementation Phase
16.10.2019

Sustainable Banking Workshop No.3/2019: Responsible Lending – Implementation Phase

This workshop provides guidance on how banks can take on developing their internal policies and processes that incorporate the elements in the guidelines. The discussions also put forward some examples that support the integration of ESG and sustainability principles into practices.

Mr. Vorapat Praneeprachachon, Assistant Director of Financial Institutions

Strategy Department gave the opening speech and Mrs. Nawaron Dejsuvan, the Assistant Governor of Financial Institutions

Policy Group gave the closing speech at the event.

Sustainable Banking Workshop