OJK Sustainability Reporting Requirements: Compliance Guide for Listed Companies
Meeting OJK sustainability reporting mandates
Indonesia's Financial Services Authority (OJK) has mandated sustainability reporting for financial institutions and listed companies through POJK No. 51/POJK.03/2017. This regulation requires companies to integrate environmental, social, and governance (ESG) considerations into their business strategy and reporting.
OJK Sustainability Reporting Requirements
POJK 51/2017 requires covered entities to prepare sustainability reports covering: sustainability strategy, environmental performance (including emissions), social responsibility, economic performance, and governance practices. Reports must be published annually either standalone or integrated with annual reports.
Who Must Comply
The regulation applies to: financial services institutions (banks, insurance companies, pension funds, securities firms), issuers (listed companies), and public companies. Implementation follows a phased timeline with larger institutions required to comply first. Non-compliance can result in administrative sanctions from OJK.
Reporting Frameworks and Standards
OJK sustainability reports should reference established frameworks such as GRI Standards, TCFD recommendations, and SDG indicators. Companies often use GRI as the primary framework with TCFD for climate-specific disclosures. When choosing a platform, ensure it supports report generation aligned with these international frameworks.
Technology Solutions for OJK Compliance
Dedicated sustainability reporting platforms streamline OJK compliance by centralizing ESG data collection, automating metric calculations, generating reports in OJK-required formats, and maintaining audit trails for all reported data. The right platform reduces report preparation time from months to weeks while improving data accuracy. JEJAKU is one such platform designed for the Indonesian market.