JAKARTA - The Indonesia Stock Exchange (IDX) said investing in a green economy is not only fulfilling moral obligations but also a staregis opportunity in encouraging sustainable economic growth.
"Investment in climate action is not only a moral obligation, but also a strategic opportunity to encourage sustainable economic meetings," said IDX Director of Human and General Resources Finance Risa E. Rustam at the Investment on Climate Editors's Choice Award 2024 at the IDX, Wednesday, December 4.
"The global transition to a green economy has begun and those who lead this change not only help save our planet but also reap significant economic benefits," he added.
Risa explained the importance for companies to be able to implement a green economy in governance to the business processes they have due to environmental damage and natural disasters so far can affect business activities.
As for 2015, based on data from the International Disaster Database, the number of natural disasters has increased by 15 percent. As well as the increasing severity and causing an increase in economic costs by 205 percent.
"These numbers are expected to continue to increase along with rising global temperatures causing even more losses, damage, and human suffering," explained Risa.
According to him, the lack of understanding of the losses that can be experienced and the desire to achieve short-term benefits can make many people ignore their interests in maintaining environmental sustainability.
"The doubt of investing in advance costs in order to reduce emissions and adapt to the impacts of climate change has helped slow down collective responses to the climate crisis," he explained.
Risa explained that through initiatives, innovations, commitments and enthusiasm in implementing business practices and sustainability programs, it is hoped that it can have a positive effect on economic growth.
"Through their initiatives, innovations, commitments and enthusiasm to implement business practices and sustainability programs, they encourage and inspire individuals and companies to follow the same good steps so that we have positive hopes about Indonesia's better future," he added.
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Risa said that mitigating the impact of climate change cannot be done alone or one particular entity, but strong collaboration is needed by all sectors.
According to him, collaborating can create synergies and maximize the positive impact of each investment made.
"We use this momentum to push for further action and ensure that our investment truly supports the transition to a low-carbon and sustainable economy. Every small step we take brings us closer to a brighter and healthier future," he explained.
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