General Corporate

1. Regulation of the President No. 60 of 2023 on National Business Strategy and Human Rights

Enforcement Date: 26 September 2023

Summary:

• Indonesia has introduced a National Strategy on Business and Human Rights (“BHR Strategy”) in a significant step towards the mainstreaming of business and human rights at the national level and the achievement of the country’s Sustainable Development Goals. This strategy aims to promote and protect human rights in relation to business practices.
• The BHR Strategy is built on the United Nations (“UN”) Guiding Principles, which emphasize state responsibility in terms of the prevention of human rights violations being committed by businesses within their jurisdictions and the promotion of business responsibility aimed at respect and the mitigation of such violations. Furthermore, the BHR Strategy has been developed through sectoral baseline research, synergy with other existing state strategies, stpakeholder consultations and adherence to UN principles.
• Key areas of focus include enhancing the understanding of business and human rights issues, harmonizing regulations, providing business guidelines, improving access to information and the strengthening of reparation mechanisms. The strategy will be executed through a three-year program which has been called Business and Human Rights Action (“BHR Action”) and which will be monitored by the Business and Human Rights Task Force at both the national and provincial levels. This initiative became effective on 26 September 2023 and aims to promote human rights across the business sector and foster sustainable development within Indonesia.
• For more information, see ILB No. 4731.

......