Business · Companies · 4 hrs ago

OJK Says Global Investors Are Seeking Indonesian Carbon Projects

OJK Says Global Investors Are Seeking Indonesian Carbon Projects

Indonesia’s financial regulator says global investors are seeking the country’s carbon projects.

The projects include restoring cleared land and community programs, supported by the government and the regulator through a carbon registry scheme called SATU KARBON.

The interest comes as investors pay more attention to environmental, social and governance principles.

An OECD survey cited by the regulator found 67% of retail investors prioritize sustainable investments, and 64% would accept lower returns for ESG products.

The regulator warned that companies may exaggerate their environmental or social impact, a practice that can mislead investors.

It is working with the Indonesian Institute of Accountants to improve the credibility of company disclosures and help prevent misleading sustainability reports.

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What people are saying

Friderica Widyasari DewiOJK chief
It is very clear that Indonesia is one of the countries that is much sought after.
via CNN Indonesia
How do we see the gap between ESG commitments, actual implementation, and the quality of disclosures, which can currently pose a risk of greenwashing practices?
via CNN Indonesia
How do we prepare reporting that is good, honest, does not cover things up, and what are the consequences if they do not present things as they are?
via CNN Indonesia