Haphazard Green Taxonomy

The OJK revises the classifications for companies based on their environmental standards and management. This accommodates the interests of those behind coal and palm oil.

Setri Yasra

September 18, 2023

IN Indonesia, the connotation of something that is fresh, beautiful and environmentally friendly, which is associated with the word “green,” could soon be about to change. This is because of the move by the Financial Services Authority (OJK) that plans to change the Indonesian Green Taxonomy to accommodate the interests of a number of ‘dirty’ industries so that they can be categorized as environmentally friendly businesses

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