PSPK 1 & 2

PSPK 1 & 2: indonesian dsak-iai issb-aligned sustainability and climate disclosure standards, with first mandatory climate reports for fy 2027.

Jurisdiction
Status
pending
Category
First deadline
First mandatory climate reports for FY 2027, due 2028
Who must comply
Applies to all entities under OJK Regulation No. 51/2017, including companies listed on the Indonesia Stock Exchange (IDX) of any market capitalization and supervised financial institutions such as banks, insurers, and pension funds.
Penalties
Non-compliance can trigger administrative sanctions (warnings, fines, license restrictions), potential suspension of public status, reputational and financing risks, director debarment, and legal liability for material misstatements.

What it is

PSPK 1 & 2 are Indonesia's sustainability disclosure standards issued by DSAK-IAI (the Indonesian Institute of Accountants), referenced to the ISSB's IFRS S1 and S2. They establish sustainability and climate-related disclosure requirements for Indonesian listed companies and financial institutions. The standards align Indonesia's reporting with global ISSB practices through a phased introduction.

Who must comply

All entities covered by OJK Regulation No. 51/2017 must comply, including IDX-listed companies of any market capitalization and supervised financial institutions such as banks, insurers, and pension funds.

What you must disclose

Reporters must disclose Scope 1, 2, and material Scope 3 emissions, climate governance and board oversight, climate scenario analysis and transition plans, and quantitative metrics with target progress. Disclosures require board approval and public reporting.

Timeline

Exposure drafts of PSPK 1 & 2 were introduced on December 17, 2024, with final standards expected in 2025. First mandatory climate reports cover FY 2027 and are due in 2028, with full ESG disclosures phased in post-2029.

Stay ahead of this regulation.

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