Learning from mistakes, Indonesia moves to next phase of sustainable finance roadmap
JAKARTA/LONDON - Indonesia’s Financial Services Authority (OJK) is working on what it hopes will be a better approach to the next lap of its sustainable finance roadmap after learning from mistakes made in Phase I.
The Phase II roadmap for 2020 – 2024 will include a complete taxonomy, framework, and also flesh out incentives, OJK’s Deputy Commissioner International & Research, Hernawan B. Sasongko said on Thursday (Feb 18) during a virtual conference.
The taxonomy is a classification system that categorizes economic activities and sectors that play key roles in climate change mitigation and adaptation, enabling financial institutions and investors to identify environmentally sustainable investments.
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