The Financial Services Authority (OJK) consistently supports the commitment to Net Zero Emissions (NZE) and the Sustainable Development Goals set by the Government of the Republic of Indonesia, including through the issuance of policies and initiatives that encourage the role of the financial services sector in supporting Indonesia’s Sustainable Development Goals (TPB/SDGs). Following the issuance of the Indonesian Sustainable Finance Taxonomy (TKBI) version 2 in February 2025 and the ASEAN Taxonomy for Sustainable Finance (ATSF) version 4 on 6 November 2025, OJK issued TKBI version 3 at the Annual Meeting of the Financial Services Industry (PTIJK) on 5 February 2026. This launch marks the completion of the development of sustainable economic activity classification standards for all NDC-related sectors and represents an important milestone in Indonesia’s sustainable finance journey.

TKBI is a joint policy developed through collaboration and synergy across ministries/agencies and relevant stakeholders. TKBI serves as a guideline to increase capital allocation and sustainable financing in support of achieving Indonesia’s NZE targets. It is developed based on the principles of being scientific and credible, interoperable and supportive of national interests, and inclusive, so that it can be used by users of various scales, both corporations and MSMEs. The TKBI framework, elements, and criteria primarily reference the ATSF and national policies, as well as other relevant global taxonomies.

TKBI is developed using a “growing house” concept, in which version 1 contained the core taxonomy framework with a focus on the Energy sector. TKBI version 2 includes Technical Screening Criteria (TSC) for the Construction and Real Estate (C&RE), Transportation and Storage (T&S), and part of the Agriculture, Forestry, and Fishing (AFF) sectors, specifically forestry and oil palm plantations. TKBI version 3 includes TSC for three focus sectors, namely the advanced AFF sector (comprising Agriculture; Plantations; Fisheries and Marine; Social Forestry; Conservation, Restoration, and Maintenance of Natural Forests), Manufacturing, and Water Supply, Sewerage, Waste Management, and Remediation (WSSWMR), as well as two enabling sectors, namely Information & Communication (IC) and Professional, Scientific & Technical Activities (PST). TKBI version 3 also introduces the concepts of Sunsetting for TSC and Grandfathering for financial instruments, as well as TKBI assessments at the entity and portfolio levels. Furthermore, TKBI version 3 will serve as the “complete version” for focus sectors that are NDC-related sectors and the associated enabling sectors.

The following are details of the updates contained in TKBI version 3:

  1. Annex 3 – Technical Criteria:
  2. Addition of mapping between KBLI 2017 and KBLI 2025 for all focus sectors and enabling sectors;
  3. Energy Sector: Addition of TSC for Waste-to-Energy Power Generation (PLTSa) activities and adjustments to the KBLI for Carbon Capture and Storage and Carbon Capture, Utilization, and Storage;
  4. Addition of TSC for the advanced AFF sector, Manufacturing*, WSSWMR, and enabling sectors; *) The Manufacturing sector will be divided into two batches, where Batch 1 was issued on 5 February 2026 and Batch 2 is planned for March 2026, which will serve as a subsequent supplementary document (an integral part of the TKBI version 3 book).
  5. Annex 4 – Guiding Questions for Sector-agnostic Decision Tree (SDT) Assessment: addition of sector-specific DNSH SDT for the AFF sector;
  6. Annex 5 – Do No Significant Harm (DNSH): addition of sector-specific DNSH criteria for the AFF sector;
  7. Annex 8 – Use Case Examples: addition of use cases for the advanced AFF sector, Manufacturing, WSSWMR, and enabling sectors;
  8. Annex 10 – List of Regulations: addition of regulatory lists for the advanced AFF sector, Manufacturing, WSSWMR, and enabling sectors; and
  9. Annex 13: TKBI Assessment at the Entity and Portfolio Levels (Entity and Portfolio Assessment)
  10. Annex 14: Sunsetting and Grandfathering Mechanisms

Going forward, in line with its nature as a living document, TKBI will be reviewed periodically to ensure it remains up to date with developments in science, technology, and sustainable finance policies at both national and global levels. Furthermore, the future implementation of TKBI will be directed toward a regulatory framework in line with the mandate of Law Number 4 of 2023 on the Development and Strengthening of the Financial Sector.

Further information regarding TKBI version 3 can be accessed via the following link:

https://gapura.ojk.go.id/tkbi2026

TKBI is available in the form of a book and slide deck in Indonesian and English versions, publication videos, FAQs, flyers, and a Public Consultation Summary Document. To facilitate understanding of TKBI, a Taxonomy Navigator is available as a dissemination tool featuring an activity and criteria search function (explorer) and a step-by-step assessment simulation feature (simulator). The Taxonomy Navigator can be accessed online via the SFIH website (https://gapura.ojk.go.id/taxonavi).


Financial Services Authority (OJK)

Directorate of Sustainable Finance (DUKB)

Department of Surveillance and Policy for the Integrated Financial Services Sector (DSKT)

Email: sustainablefinance@ojk.go.id


Email: sustainablefinance@ojk.go.id 

  1. Joko Siswanto
  2. Jarot Suroyo
  3. Yuki Yasarani
  4. Amanda Sarina Rumbaf
  5. Muhammad Yamin
  6. Bagus Joko Puruitomo
  7. Budiman Eka Saputra Rohman
  8. Retnia Wulandari
  9. Jonathan Evert Rayon
  10. Hygea Mawarny