New Talent, New Impact

In Indonesia, this shift is increasingly visible through various regulations and standards that have begun to shape the direction of business sustainability. POJK 51/POJK.03/2017 concerning the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies serves as one of the key foundations for sustainable finance practices. This regulation defines a Sustainability Report as a report that contains economic, financial, social, and environmental performance.

In addition, SEOJK No. 16/SEOJK.04/2021 concerning the Form and Content of Annual Reports of Issuers or Public Companies also regulates that the section on social and environmental responsibility forms part of the Sustainability Report. It requires companies to disclose their sustainability strategy, highlights of economic, social, and environmental aspects, sustainability governance, and sustainability performance.

The development of sustainability has also entered the capital market through POJK No. 14 of 2023 concerning Carbon Trading Through Carbon Exchanges. This regulation is relevant to climate, carbon, and low-carbon economy issues, as it governs carbon units, carbon trading through carbon exchanges, carbon exchange operators, supervision, reporting, and sanctions. This means that sustainability no longer stops at reporting, but has become part of financing instruments and market mechanisms.

This direction is further strengthened through the Indonesian Taxonomy for Sustainable Finance, or TKBI, which provides the classification of sustainable economic activities in Indonesia. In terms of reporting standards, the Indonesian Institute of Accountants, or IAI, has also established the Sustainability Standards Board, or DSK, to develop PSPK 1 and PSPK 2, which adopt the IFRS Sustainability Disclosure Standards, namely IFRS S1 and IFRS S2.

From these various regulations and standards, it is clear that sustainability is no longer merely a reputation trend. Sustainability has developed into a business necessity that is closely connected to reporting, governance, investment, financing, and long-term business resilience.

RAVEN responds to this shift by strengthening its capability in sustainability-related financial disclosure. Through the international learning program from the IFRS Foundation, RAVEN has completed four key courses:

1. Introduction to IFRS Sustainability Disclosure Standards
2. Introduction to IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
3. Introduction to IFRS S2 Climate Related Disclosures
4. Integrated Sustainability Disclosures and Organisational Considerations

These certificates mark an important step in expanding RAVEN's capacity to support businesses in understanding sustainability, not only as a reputation issue, but also as part of reporting quality, investment readiness, governance, and long-term business resilience.

For RAVEN, sustainability disclosure is not about making reports look impressive. It is about turning data into a meaningful story, and turning that story into trust. As sustainability continues to shape the future of business, RAVEN is preparing to help clients read the signals of change, understand the applicable standards, and communicate their impact more clearly.

Because in today's business landscape, sustainability is no longer just about what a company claims to care about. Sustainability is about what can be measured, disclosed, and accounted for by the company.

(Jaclyn L.)