I'm Well! Incentives For Environmentally Friendly Industries Get Closer, OJK Releases Green Taxonomy

Illustration (Photo: Doc. Antara)

JAKARTA - The Financial Services Authority (OJK) has officially launched the Green Taxonomy, which is a classification of economic activities in support of environmental protection and management efforts as well as climate change mitigation.

Chairman of the OJK Board of Commissioners, Wimboh Santoso, said that the Green Taxonomy is used as a common guideline in formulating incentive and disincentive policies from authorities and various other ministries.

"In addition, the Green Taxonomy also aims for information disclosure and risk management as well as the basis for developing sustainable financial products/services," he said online during a speech at the 2022 Financial Services Industry Annual Meeting, Thursday, January 20.

According to Wimboh, in this Green Taxonomy, 2,733 economic classifications and economic sub-sectors have been studied.

"In carrying out the classification, we also ask for confirmation from the ministry related to the economic sector," he said.

For information, the OJK claims that the Green Taxonomy is one of the national achievements that has made Indonesia one of the few countries in the world that has a green standard.

Meanwhile, the launch of the Green Taxonomy was inaugurated directly by President Joko Widodo (Jokowi) on the same occasion at the 2022 Financial Services Industry Annual Meeting.

"Green Taxonomy is presented to Indonesia," concluded OJK Chairman Wimboh Santoso.