2022 State Budget: Fiscal Policy and Structural Reform
OJK's Support for Sustainable Finance Development
1
OJK strategic actions to ensure effective implementation of Sustainable
Finance principles and to respond to climate change:
1. Developing a Green Taxonomy
2. Preparing for carbon exchange
operations, in line with the
Government's policy
3. Developing a reporting system for
financial institutions, including
green financing/instruments in
accordance with the Green
Taxonomy
4. Developing a risk management framework for
financial services industry and a risk-based
supervision guideline for supervisors to
implement climate-related financial risks
5. Developing innovative and feasible project
financing schemes
6. Enhancing awareness and providing capacity
building programs for all stakeholders
Source: Financial Services Authority (OJK)
2
The establishment of the Financial Services Sector Sustainable Finance Task
Force as a forum for cooperation and coordination with the industry to
respond to developments in sustainable finance at national, regional and
global forums.
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