Overview

As a part of efforts to implement sustainable financing across Indonesia, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has introduced the mandatory submission of sustainability reports, which apply to financial institutions (lembaga jasa keuangan – “LJK”), issuers and listed companies alike.[1] This obligation is specifically set out under the framework of Regulation of OJK No. 51/POJK.03/2017 on the Implementation of Sustainable Financing by LJK, Issuers and Public Companies (“Regulation 51/2017”).[2] Referring to the list of sustainability reports published through the OJK’s official website, approximately 195 companies had already complied with the mandatory reporting obligation on the date of publication of this article.[3]

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