Indonesia has officially launched its Sustainability Disclosure Standards (SPK) through a collaboration between Bank Indonesia, the Ministry of Finance, and the Financial Services Authority (OJK).
The SPK, comprising PSPK (Sustainability Disclosure Statements) 1 and 2, was approved by the Sustainability Standards Board of the IAI (DSK IAI) on July 1, 2025, and will take effect on January 1, 2027.
The standards adopt the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2) issued by the International Sustainability Standards Board (ISSB), positioning Indonesia among 33 jurisdictions implementing the global sustainability reporting framework.
Inarno Djajadi, Executive Chair of the Capital Market, Finance, Derivatives, and Carbon Exchange Supervision and Member of the OJK Board of Commissioners, said on August 11 that robust sustainability standards can expand transparency on risks, opportunities, and strategies, enabling companies to better navigate future uncertainties, especially climate-related risks.
The issuance of SPK follows the SPK Roadmap published in December 2024, building on initiatives launched by IAI (Ikatan Akuntan Indonesia) in 2020, such as forming the Comprehensive Corporate Reporting Task Force (TF CCR) and the Indonesia Sustainability Reporting Forum (ISRF). These aim to strengthen cooperation among regulators, businesses, and stakeholders, contribute to national emission reduction goals, and develop guidance for DSK IAI.
