LEGAL CERTAINTY OF TAXONOMIC LAW FOR INDONESIAN SUSTAINABLE FINANCE (TKBI) IN THE IMPLEMENTATION OF ENVIRONMENTAL, SOCIAL AND GOVERNANCE PRINCIPLES IN INDONESIA

Yaumil Azza, . (2024) LEGAL CERTAINTY OF TAXONOMIC LAW FOR INDONESIAN SUSTAINABLE FINANCE (TKBI) IN THE IMPLEMENTATION OF ENVIRONMENTAL, SOCIAL AND GOVERNANCE PRINCIPLES IN INDONESIA. Syiah Kuala Law Journal, 8 (3). pp. 398-415. ISSN 2580-9059

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Abstract

This research explores the development of the Indonesian Sustainable Finance Taxonomy (TKBI) in supporting Environmental, Social, and Governance (ESG) principles and compares it with the Philippine Sustainable Finance Taxonomy Guidelines (SFTG). Using a normative juridical approach, this research highlights the fundamental differences in regulatory and implementation aspects between the two countries. The Philippines has integrated the SFTG with strict adherence to national laws, including various environmental laws. In contrast, TKBI is still in the development stage without a strong legal basis, which poses challenges in its implementation and legal certainty. The analysis shows that Indonesia can adopt some elements of the SFTG, such as the principle of compliance with laws, to strengthen TKBI as a framework that supports sustainability. This research recommends strengthening the legal framework and supervision of TKBI implementation to promote transformation towards sustainable finance.

Item Type:	Article
Additional Information:	[No. Panggil: 2110611182] [Pembimbing: Muthia Sakti] [Penguji 1: Imam Haryanto] [Penguji 2: Rizky Yudha]
Uncontrolled Keywords:	Taxonomy for Indonesia's Sustainable Finance, Legal Certainty, ESG Principles
Subjects:	K Law > K Law (General)
Divisions:	Fakultas Hukum > Program Studi Hukum (S1)
Depositing User:	YAUMIL AZZA
Date Deposited:	05 Feb 2025 10:48
Last Modified:	13 Feb 2025 07:47
URI:	http://repository.upnvj.ac.id/id/eprint/35960

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