ESG Reporting Requirements In Indonesia

For private companies in Indonesia, Environmental, Social and Governance (ESG) reporting generally aligns with the requirements outlined in the Company Law (Law No. 40 of 2007 regarding Limited Liability Companies, as last amended by the provisions of the Job Creations Law) and Government Regulation No. 47 of 2012 concerning the Social and Environmental Responsibilities of Limited Liability Companies (GR 47/2012).

However, it is essential to note that these requirements are relatively basic and not comprehensive. In fact, Article 74 of the Company Law specifically mandates companies engaged in natural resource-related business activities to implement sustainable economic practices to enhance the quality of life for communities and the environment (Corporate Social and Environmental Responsibility). This suggests that only companies operating in this sector have an obligation to fulfil Corporate Social and Environmental Responsibility. There have been no