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IAI’s SPK: Strengthening Indonesia’s Role in the Global Sustainability Reporting Landscape
12 Agustus 2025 - Siaran Pers
Jakarta, August 11, 2025 – Ikatan Akuntan Indonesia (The Institute of Indonesia Chartered Accountants/IAI) has taken a major step toward shaping the future of corporate reporting with the launch of the Indonesia Sustainability Disclosure Standards (SPK). Developed in collaboration with Bank Indonesia, the Ministry of Finance, and the Financial Services Authority (OJK), this milestone reflects a shared commitment to transparent, credible, and globally aligned sustainability reporting.
The SPK—comprising PSPK 1 and PSPK 2—was approved by the Indonesian Sustainability Standards Board (DSK IAI) on July 1, 2025, and will come into effect on January 1, 2027. These standards adopt the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2) issued by the International Sustainability Standards Board (ISSB), placing Indonesia among 33 jurisdictions that have already embraced this global framework.
Why It Matters for Indonesia
The issuance of SPK is not just a technical exercise—it is a strategic move that connects Indonesia’s reporting practices with the global push for sustainability. It helps companies disclose consistent, comparable, and decision-useful information on climate-related and broader sustainability issues. For businesses, it means increased access to green financing, smoother global due diligence, and the ability to compete in sustainable global value chains. For investors, it means greater transparency on how companies are managing risks and opportunities in a changing world.
This vision is shared by key stakeholders. Inarno Djajadi, OJK Executive Head of Capital Market, Financial Derivatives, and Carbon Exchange Supervision, noted that robust sustainability disclosure standards are essential to building an accountable and transparent reporting ecosystem. “Globally consistent standards provide a baseline for disclosure, enabling company reports to be comparable both domestically and across jurisdictions,” he said.
Bank Indonesia Senior Deputy Governor Destry Damayanti stressed that climate change is already a real threat to both the real and financial sectors, with potential impacts ranging from asset devaluation to systemic financial risks. The Ministry of Finance echoed this urgency, seeing SPK as a critical tool for strengthening Indonesia’s readiness to navigate global transformation and the green economy transition. She commended IAI for successfully bringing together BI, OJK, and Kemenkeu for this landmark event.
From Initiative to Implementation
The SPK launch is the product of a long-term initiative by IAI to integrate sustainability into corporate reporting. In December 2020, IAI established the Task Force on Comprehensive Corporate Reporting (TF CCR) to raise awareness and prepare Indonesia for global sustainability standards. This work accelerated in recent years, supported by IAI’s SPK Roadmap published in December 2024, which laid out strategies for regulatory coordination, capacity building, and assurance readiness.
As Istini Siddharta, Chair of the DSK IAI, explained, the SPK connecting sustainability and financial information to give companies a clearer understanding of how environmental and social factors affect their business models. This, in turn, helps them anticipate future challenges and act on opportunities—particularly those related to climate change.
Building the Ecosystem
To ensure smooth implementation, IAI has launched the Indonesia Sustainability Reporting Forum (ISRF), a collaborative platform for companies, regulators, and stakeholders to exchange knowledge, address challenges, and share best practices. With an inclusive and advisory approach, the ISRF also contributes to broader national objectives, including emissions reduction targets and policy development.
Ardan Adiperdana, President of IAI, described the SPK as a “game-changer” that will accelerate sustainable finance, strengthen Indonesia’s credibility in global markets, and position the nation as an active participant in shaping the future of corporate reporting.
Looking Ahead
For more than 52 years, IAI has served as the private sector’s accounting standard setter in Indonesia. The issuance of SPK reaffirms that leadership—this time, by bridging financial statement and sustainability disclosure to meet the demands of today’s economic and environmental realities.
The journey, however, is just beginning. The real impact of SPK will be seen in how Indonesian companies, investors, and professionals use it to strengthen transparency, competitiveness, and resilience. The question now is: How will you, as part of Indonesia’s business and professional community, help turn these standards into meaningful change for a sustainable future?
About IAI
Ikatan Akuntan Indonesia (The Institute of Indonesia Chartered Accountants/IAI) is the professional organization representing all accountants in Indonesia, with members spread across 34 provinces. IAI is a founding member of the International Federation of Accountants (IFAC) and the ASEAN Federation of Accountants (AFA), and an associate member of Chartered Accountants Worldwide (CAW).
To uphold the integrity and professionalism of Indonesian accountants, IAI publishes the Indonesian Code of Ethics for Professional Accountants. As a standard setter, IAI develops and issues the Financial Accounting Standards (SAK) and Sustainability Disclosure Standards (SPK) applicable in Indonesia.
For more information about IAI, visit www.iaiglobal.or.id or email iai-info@iaiglobal.or.id
Official IAI WhatsApp: +628 111 055 141
