Indonesia’s regulator, the Financial Services Authority (OJK), has launched the second version of its sustainable finance taxonomy, introducing additional technical screening for construction and real estate, transportation and storage and parts of forestry, agriculture and land. The revised taxonomy builds on an earlier version, which was published in February 2024. In a statement, the OJK said that this latest release will align with the Association of Southeast Asian Nations Taxonomy for Sustainable Finance, introduced in March 2024. Beyond the inclusion of new sector criteria, the latest version of the taxonomy introduces refinements to its appendices, providing greater clarity and practical guidance for users. In the coming years, the OJK plans to develop a third version of its taxonomy, which will focus on manufacturing and industry, water supply, sewerage and waste management and the remaining forestry, agriculture and land sectors. The regulator said the taxonomy will be regularly updated to ensure it remains relevant and aligned with advancements in science, technology, and global sustainable finance policies.
