{
    "success": true,
    "data": {
        "id": 1712609,
        "msgid": "ojk-sustainable-financial-ecosystem-must-become-an-industry-necessity-1777625597",
        "date": "2026-05-01 15:10:22",
        "title": "OJK: Sustainable financial ecosystem must become an industry necessity",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Financial Services Authority (OJK) emphasises that a sustainable financial ecosystem should be an essential need for the industry to maintain economic stability, rather than merely a regulatory requirement. Officials highlighted regulations like the Indonesian Sustainable Finance Taxonomy (TKBI) and the CRMS Guide to shift industry paradigms, with market forces rewarding or punishing sustainable practices. Transitioning to sustainable finance is portrayed as a collective obligation to mitigate climate risks, warning that failure to adapt could lead to greater, uncontrollable risks.",
        "content": "<p>Jakarta (ANTARA) - The Financial Services Authority (OJK) assesses\nthat a sustainable financial ecosystem must become an industry necessity\nto maintain economic order, rather than merely a regulatory demand.<\/p>\n<p>OJK\u2019s Director of Sustainable Finance, R Joko Siswanto, stated that\nvarious regulations issued by OJK, such as the Indonesian Sustainable\nFinance Taxonomy (TKBI) and the CRMS (Climate Risk Management and\nScenario Analysis) Guide, are designed to change the paradigm of\nfinancial industry players.<\/p>\n<p>\u201cThe market or public will \u2018punish\u2019 or appreciate business actors in\nimplementing those sustainable practices,\u201d said Joko during a discussion\nthemed \u201cFinance for Future: Giving the Green Shift a Lift,\u201d as per a\nstatement received in Jakarta on Friday.<\/p>\n<p>OJK\u2019s Deputy Commissioner for Regulation, Licensing, and Quality\nControl, Deden Firman Hendarsyah, also conveyed that active\nparticipation from various parties is needed in developing sustainable\nfinance, both through green investments and policy advocacy.<\/p>\n<p>The transition to sustainable finance, he said, is also a collective\neffort to mitigate climate risks involving many stakeholders. For\nfinancial industry players themselves, transitioning towards greater\nsustainability is an inevitability.<\/p>\n<p>\u201cSteps to mitigate climate risks are no longer voluntary practices,\nbut an obligation for our financial industry,\u201d said Deden.<\/p>\n<p>He reminded financial industry players that the transition towards\ngreater sustainability needs to be done carefully.<\/p>\n<p>According to Deden, choosing not to transition does not mean being\nfree from risks; on the contrary. The risks arising from stagnation can\nbe far greater and harder to control compared to the risks present in\nthe change process itself.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-sustainable-financial-ecosystem-must-become-an-industry-necessity-1777625597",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}