Accelerating climate transition planning for financial institutions, issuers and publicly listed companies in Indonesia

On Friday 17 May 2024, the Organisation for Economic Co-operation and Development (OECD), through its Clean Energy Finance and Investment Mobilisation (CEFIM) Programme, and the Indonesia Financial Services Authority Otoritas Jasa Keuangan (OJK) jointly held a virtual, half-day Focus Group Discussion (FGD) to introduce and kick-off the work on developing Transition Planning Guidelines for financial institutions, issuers and publicly listed companies in Indonesia.

This FGD aimed to share the latest research and international experience on issues related to climate transition planning, and to gain insights from relevant regulators and financial industry representatives, as well as other stakeholders in Indonesia. During the FGD, international experts provided an overview of the international landscape on climate transition planning and collected feedback on what is needed to fulfil the gap between the existing regulatory framework in Indonesia and international good practices on transition plans and how they can be tailored to local contexts in emerging markets and developing economies (EMDEs).

This virtual FGD, held under the Chatham House Rule, convened more than 300 participants, including representatives of Indonesia’s government, financial institutions, industry associations, corporates, academia and research organisations. This workshop builds on a previous FGD on the ”Introduction to the OECD Guidance on Transition Finance and its relevance to high-emitting industries in emerging markets and developing economies” jointly held by the OECD CEFIM Programme and OJK in March 2023.

Moderator: Yuki Yasarani, Policy Analyst, OECD (staff on loan from OJK)

Welcome remarks

Mathilde Mesnard, Deputy Director, Environment Directorate, OECD

• Heny Rialdi, Department Head of Integrated Surveillance and Financial Services Policy, Indonesia Financial Services Authority (OJK)

• Geraldine Ang, Team Lead, Clean Energy Finance and Investment Mobilisation Programme, OECD Accelerating climate transition planning
• Joko Siswanto, Director of Sustainable Finance, OJK OJK initiatives on sustainable finance
• Jolien Noels, Policy Analyst, OECD Climate change mitigation scenarios for financial sector target setting, transition planning and alignment assessment
• Sven Teske, Associate Professor and Research Director, Institute for Sustainable Futures, University of Technology of Sydney, Australia The One Earth Climate Model (OECM)
• Tanguy de Bienassis, Policy Analyst, Energy Investment Unit, IEA Accelerating climate transition planning for financial institutions, issuers and publicly listed companies in Indonesia
• Valentina Bellesi, Policy Analyst, OECD 
• Nina Pemblett, Sector Guidance Lead, Secretariat of the UK Transition Plan Taskforce The gold standard for transition plan disclosures
• Yuki Yasui, Managing Director, Asia Pacific Network, Glasgow Financial Alliance for Net Zero (GFANZ) GFANZ framework on real-economy and financial institution transition plans

Wrap-up and concluding remarks

• Valentina Bellesi, Policy Analyst, OECD