Local adoption of IFRS S1 / S2 (ISSB Standards)
In December 2024 Indonesia's IAI published a roadmap and exposure drafts of national Sustainability Disclosure Standards (PSPK 1 and PSPK 2) based on IFRS S1 and S2, with final standards expected in Q2 2025 and a proposed effective date of 1 January 2027 pending OJK rules.
- Enforcement
- Voluntary or under development
- Effective date
- Not yet specified. Roadmap proposes PSPK 1 and PSPK 2 effective 1 January 2027, with earlier application permitted
- Covered entities
- To be determined by OJK. Proposed for publicly accountable entities, including listed entities and financial services industries; climate-related disclosures expected to be required first, with broader sustainability disclosures voluntary in the initial three-year window