The Indonesian Institute of Accountants (IAI) together with Bank Indonesia, the Ministry of Finance, and the Financial Services Authority have confirmed its collaborative commitment to advancing a transparent, reliable, and internationally aligned reporting system. This commitment was marked by the launch of the Sustainability Disclosure Standards (SPK) in Indonesia and the organization of a seminar titled “SPK and the Challenges of Implementation in Sustainable Financial Transformation,” held on August 11, 2025, at The Westin Hotel in Jakarta. 

The SPK, which consists of PSPK 1 on General Disclosure Requirements and PSPK 2 on Climate-Related Disclosure,  was officially ratified by the Sustainability Standards Board of the Indonesian Institute of Accountants (DSK IAI) on July 1, 2025, and will take effect on January 1, 2027.  The SPK was developed inclusively through a series of consultations with regulators, ministries, professional associations, industry players, and the public. 

The SPK is aligned with the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2) recognized by the G20 through the 2022 Bali Declaration, and has been adopted or supported by 36 countries. These standards link sustainability information with financial reports, providing a comprehensive overview of a company's risks and opportunities while enhancing transparency, comparability, and accountability.

The implementation of SPK will strengthen the competitiveness of national businesses in the global market, accelerate the green financing due diligence process, and increase the confidence of investors, trading partners, and consumers. To ensure the quality of implementation, an integrated education program is needed for all stakeholders, so that SPK can become a catalyst for the transition to a green economy and sustainable development.