The Indonesia Sustainable Finance Initiative (ISFI) aims to promote and implement inclusive sustainable finance practices. The initiative serves as an open platform for banking and non-banking financial industry, corporate issuers and other relevant industry sectors. It aspires to support the implementation of Sustainable Financial Roadmap which aims to enable the financial sector to contribute to the achievement of the National Long Term Development Plan (2005-2025) and the National Action Plan for the Reduction of Greenhouse Gas Emissions (2011) in order to achieve the country’s Intended Nationally Determined Contributions (INDC) and reduce emissions by 29 percent by 2030 (a 41 percent reduction is conditional upon international support).
ISFI is a genuine market-led initiative by the financial services industry that aspires to support the implementation of OJK’s Regulation (POJK) Number 51 and Number 60 Year 2017 on Sustainable Finance Principles Implementation and Green Bond as the underlying regulation.