Overview

Sustainable finance is increasingly becoming a central pillar of a global push to bring financial sector activities into line with long-term Environmental, Social and Governance (“ESG”) objectives.[1] In Indonesia, this agenda is being progressively institutionalized through regulatory frameworks introduced by the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”). One of these frameworks is Regulation of the OJK No.  51/POJK.03/2017 on the Implementation of Sustainable Finance by Financial Services Institutions, Issuers and Public Companies (“Regulation 51/2017”).[2]