When the global community is facing the Covid-19 pandemic, climate change is allegedly able to increase the variability of weather patterns so that it can accelerate disease transmission. The Covid-19 pandemic, which has occurred in all parts of the world, has triggered an extraordinary crisis and at the same time become a momentum for all parties to evaluate the importance of implementing environmental, social, and governance aspects in all development activities.
There are several challenges in changing the sustainable mindset that need to be overcome. Among them, cooperation involving various parties to mitigate and adapt to climate change is the main solution in ensuring that supporting investments meet the sustainable category by integrating environmental, social and governance aspects. In this context, the Financial Services Sector has an important role in accelerating the economic recovery process through changing conventional business patterns to become sustainable. The change process can be combined together with technological developments.
Based on this, OJK has finalized the Sustainable Finance Roadmap Phase II (2021 - 2025) to accelerate the implementation of environmental, social and governance principles in Indonesia. The Phase II Roadmap focuses on creating a comprehensive sustainable finance ecosystem, involving all relevant parties and encouraging the development of cooperation with other parties. The Sustainable Finance Roadmap Phase II is expected to serve as a foundation for the Financial Services Sector and a reference for relevant Ministries/Institutions in developing innovative financing initiatives.
Furthermore, we hope that the Sustainable Development Goals and Climate Change will become an important agenda for leaders. Thus, the implementation of Sustainable Finance will become the "new normal" for the Financial Services Sector.