Where Business and Sustainability Meet: Registration of Social Enterprises Gets Underway

In 2022, President Jokowi issued Regulation No. 2 0f 2022 on the Development of National Entrepreneurship for the 2021 - 2024 Period (“Regulation 2/2022”), which was designed to improve Indonesia’s business environment, in particular the quality of its business actors and enterprises.

Among its provisions, Regulation 2/2022 recognizes several categories of entrepreneurs, including Social Enterprises, a type of business entity that is established for social mission purposes and that strives to carry out said mission independently and sustainably. In order to achieve their missions, Social Enterprises should offer products, services or innovative methods that are in line with the Sustainable Development Goals (“SDGs”).[1]