Jakarta (ANTARA) - The Indonesia Stock Exchange (IDX) has launched\nthe IDX Green Equity Designation to strengthen Indonesia\u2019s sustainable\nfinance ecosystem by identifying issuers engaged in green economic\nactivities or the transition to a low-carbon economy.<\/p>\n
The designation was launched at the IDX Main Hall in Jakarta on\nFriday, with three listed companies receiving the inaugural\ndesignation.<\/p>\n
PT Hero Global Investment Tbk (HGII) and PT Kencana Energi Lestari\nTbk (KEEN) were designated Green Equity, while PT TBS Energi Utama Tbk\n(TOBA) was designated Green Equity Transition.<\/p>\n
The three issuers had previously participated in the designation\npilot with external review providers S&P Global Ratings and PT\nSucofindo (Persero).<\/p>\n
IDX President Director Jeffrey Hendrik said the designation would\ngive companies greater visibility and provide investors with structured,\nmeasurable, transparent and independently reviewed information.<\/p>\n
\u201cThe designation is expected to provide stronger visibility for\ncompanies, while providing more structured, measurable, transparent and\nindependently verified information for investors,\u201d Jeffrey said.<\/p>\n
He said the designation was developed to help the market identify\nissuers making measurable contributions to green economic activities or\nthe transition to a low-carbon economy.<\/p>\n
For issuers, the designation is expected to improve visibility among\nsustainability-focused investors, broaden their investor base and expand\naccess to sustainable financing.<\/p>\n
For investors, it provides an additional reference for identifying\ncompanies whose business activities contribute to the green economy or\nits transition based on measurable criteria and independent review.<\/p>\n
The framework refers to the Indonesia Sustainable Finance Taxonomy\n(TKBI) or other applicable taxonomy references and incorporates\ninternational best practices through the Green Equity Principles of the\nWorld Federation of Exchanges (WFE).<\/p>\n
The designation framework is based on five pillars: Financial,\nTaxonomy, Governance, Assessment and Disclosure.<\/p>\n
Financial measures contributions from green and\/or transition\nactivities through revenue and\/or investment, while Taxonomy assesses\nthe alignment of business activities with TKBI or other applicable\ntaxonomy references.<\/p>\n
Governance, periodic Assessment and public Disclosure of assessment\nresults further support the framework.<\/p>\n
The designation is voluntary and available to listed companies and\nprospective issuers that apply to the IDX and meet the criteria based on\nreports from external review providers.<\/p>\n
The designations for HGII, KEEN and TOBA are effective from Aug.\u00a028,\n2026, through the annual evaluation period in July 2027.<\/p>\n
To retain the designation, issuers must conduct periodic assessments,\nupdate relevant information and submit external review reports to the\nIDX according to the established mechanism.<\/p>\n
The development of the designation began in 2025, involving four\nissuers and three external review providers in a pilot program.<\/p>\n
The pilot was used to test the assessment framework and process,\nindependent review mechanism and information disclosure before wider\nimplementation.<\/p>\n
Jeffrey said input and experience from the pilot were important to\nensure the designation could be implemented credibly and meet the needs\nof Indonesia\u2019s capital market.<\/p>\n
\u201cGoing forward, we hope this initiative will not only improve the\nquality of sustainability disclosures, but also broaden the investor\nbase, create opportunities for sustainable financing and encourage more\ncompanies to make sustainability part of their long-term growth\nstrategies,\u201d Jeffrey said.<\/p>\n
As more issuers meet the criteria, the IDX expects the designation to\nhelp mobilize capital toward economic activities that contribute to\nenvironmental and sustainable development goals and support Indonesia\u2019s\ntransition to a low-carbon economy.<\/p>\n
The IDX stressed that the designation is not a ranking, investment\nrecommendation or guarantee of a stock\u2019s financial performance, return\nor investment risk.<\/p>\n
\u201cInvestors still need to conduct a comprehensive analysis and\nconsider their risk profile and investment objectives before making\ninvestment decisions,\u201d Jeffrey said.<\/p>\n
Related news: IDX attracts prospective investors for demutualization\nprocess<\/p>\n
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Indonesia bourse launches green equity designation<\/p>\n
August 28, 2026 16:11 GMT+700<\/p>\n
The Indonesia Stock Exchange (IDX) officially launches the IDX Green\nEquity Designation at the IDX Main Hall in Jakarta on Friday (Aug.\u00a028,\n2026). \/ANTARA\/Muhammad Heriyanto\/mrt.<\/p>\n
Translator: M Heriyanto, Martha Herlinawati Simanjuntak<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indonesia-bourse-launches-green-equity-designation-1787943099", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }