ESG In APAC - Indonesia

A. ESG REPORTING

1. Are there legal or regulatory requirements for companies to make ESG disclosures in your jurisdiction?

Yes, ESG disclosures are mandatory for publicly listed companies and financial institutions.

2. What are the key legislative and regulatory sources for ESG disclosure requirements and to whom do they apply?

1. Financial Services Authority (Otoritas Jasa Keuangan or OJK) Regulation No. 51/POJK.03/2017 of 2017 regarding the Implementation of Sustainable Finance for Financial Service Institutions, Issuers (Emiten), and Public Companies (dated 27 July 2017) (OJK Reg. 51/2017). This regulation generally imposes the obligation for financial service institutions, issuers and public companies to implement sustainable finance and to submit a Sustainability Report, either as part of their annual report or as a stand-alone report, annually to the OJK and to make the report publicly accessible.¹