Jakarta, Aug. 12 -- Indonesia has officially launched its Sustainability Disclosure Standards (SPK) through a collaboration between Bank Indonesia, the Ministry of Finance, and the Financial Services Authority (OJK).

"Sustainability reporting is a crucial part of sustainable finance. The ratification of SPK by the Indonesian Institute of Accountants (IAI) aims to build a transparent, accountable reporting ecosystem aligned with international reporting frameworks," Inarno Djajadi, Executive Chair of the Capital Market, Finance, Derivatives, and Carbon Exchange Supervision and Member of the OJK Board of Commissioners, noted in an official statement released on Tuesday in Jakarta.

The launch signals a joint commitment to achieving transpar...