Financial institutions can be a catalyst for accelerating development towards more sustainable pathways and tackling climate change by allocating financial resources to the green and environmentally friendly sector. However, efforts to improve finance and business practice towards sustainability are still far from meeting the target, especially in achieving the Paris Agreement and Sustainable Development Goals (SDGs). Despite the Growth of green investing assets, finance and investment toward climate change driving industries continue to rise.
How is the progress of sustainable financial commitments and policies of the banking sector in Indonesia? What are the necessary steps to be taken by OJK, the Government of Indonesia and the banking sector to accelerate the ecosystem and practice of sustainable finance?
Read in full this Policy Brief edition 30 entitled “Sustainable Finance to Foster Green Recovery Post Covid-19 Pandemic”.