OJK consistently supports the commitment to net zero emission (NZE) and the Sustainable Development Goals set by the Government of the Republic of Indonesia. Following the publication of the Indonesia Taxonomy for Sustainable Finance (TKBI) version 1 in February 2024 and the ASEAN Taxonomy for Sustainable Finance (ATSF) version 3 on March 27, 2024, OJK launched TKBI version 2 on February 11, 2025. TKBI is a joint policy resulting from collaboration and synergy across ministries, agencies, and relevant stakeholders to advance the implementation of sustainable finance in Indonesia.
TKBI is a classification of economic activities that supports Indonesia’s Sustainable Development Goals, covering economic, environmental, and social aspects. It serves as a guideline to enhance capital allocation and sustainable financing in promoting the achievement of Indonesia's NZE targets. TKBI is developed based on the principles of being scientific and credible, interoperable, supportive of national interests, and inclusive, and TKBI is applicable to various users, from corporations to MSMEs. The framework, elements, and criteria of TKBI are primarily referenced from the ASEAN Taxonomy for Sustainable Finance (ATSF), national policies, and other relevant global taxonomies. The scope of TKBI includes NDC-related sectors (and their updates), as well as enabling sectors.
TKBI is developed with a concept of “Rumah Tumbuh” or living document, where version 1 contains the main taxonomy framework focusing on the Energy sector. Meanwhile, TKBI version 2 includes technical screening criteria (TSC) for the Construction and Real Estate (C&RE) sector, Transportation and Storage (T&S) sector, and some activities of the Agriculture, Forestry, and Other Land Uses (AFOLU) sector, specifically forestry and palm oil plantations. In the following year, TKBI version 3 will be developed to cover the remaining AFOLU sector, Manufacturing/IPPU, and Water Supply, Sewerage & Waste Management.
In order to ensure the understanding of FI, Issuers, and Public Companies regarding TKBI Version 2, OJK is conducting a phased pilot project, starting with the involvement of all commercial banks in Indonesia. The following are supporting documents for the implementation of the pilot project by commercial banks:
Taksonomi