The unavailability of green category standardization to assess the implementation of environmental, social and governance (LST) aspects is a challenge in accelerating the practice of sustainable finance in Indonesia. This makes it difficult for business activities to access funding and investors in making investment decisions. Therefore, the Financial Services Authority initiated the preparation of the green taxonomy which was just released on January 20, 2022 yesterday. What is green taxonomy? Why is a taxonomy needed to support a sustainable finance ecosystem? What are the implications and challenges?
Task
Green Taxonomy to Support Sustainable Finance Ecosystem in Indonesia