Following the issuance of the Indonesian Sustainable Finance Taxonomy (TKBI) version 2 in February 2025 and the ASEAN Taxonomy for Sustainable Finance (ATSF) version 4 on 6 November 2025, OJK issued TKBI version 3 at the Annual Meeting of the Financial Services Industry (PTIJK) on 5 February 2026.
TKBI is developed using a “growing house” concept, in which version 1 contained the core taxonomy framework with a focus on the Energy sector. TKBI version 2 includes Technical Screening Criteria (TSC) for the Construction and Real Estate (C&RE), Transportation and Storage (T&S), and part of the Agriculture, Forestry, and Fishing (AFF) sectors, specifically forestry and oil palm plantations. TKBI version 3 includes TSC for three focus sectors, namely the advanced AFF sector (comprising Agriculture; Plantations; Fisheries and Marine; Social Forestry; Conservation, Restoration, and Maintenance of Natural Forests), Manufacturing, and Water Supply, Sewerage, Waste Management, and Remediation (WSSWMR), as well as two enabling sectors, namely Information & Communication (IC) and Professional, Scientific & Technical Activities (PST). TKBI version 3 also introduces the concepts of Sunsetting for TSC and Grandfathering for financial instruments, as well as TKBI assessments at the entity and portfolio levels. Furthermore, TKBI version 3 will serve as the “complete version” for focus sectors that are NDC-related sectors and the associated enabling sectors.
The following are details of the updates contained in TKBI version 3:
1. Annex 3 – Technical Criteria:
- Addition of mapping between KBLI 2017 and KBLI 2025 for all focus sectors and enabling sectors;
- Energy Sector: Addition of TSC for Waste-to-Energy Power Generation (PLTSa) activities and adjustments to the KBLI for Carbon Capture and Storage and Carbon Capture, Utilization, and Storage;
- Addition of TSC for the advanced AFF sector, Manufacturing*, WSSWMR, and enabling sectors; *) The Manufacturing sector will be divided into two batches, where Batch 1 was issued on 5 February 2026 and Batch 2 is planned for March 2026, which will serve as a subsequent supplementary document (an integral part of the TKBI version 3 book).
2. Annex 4 – Guiding Questions for Sector-agnostic Decision Tree (SDT) Assessment: addition of sector-specific DNSH SDT for the AFF sector;
3. Annex 5 – Do No Significant Harm (DNSH): addition of sector-specific DNSH criteria for the AFF sector;
4. Annex 8 – Use Case Examples: addition of use cases for the advanced AFF sector, Manufacturing, WSSWMR, and enabling sectors;
5. Annex 10 – List of Regulations: addition of regulatory lists for the advanced AFF sector, Manufacturing, WSSWMR, and enabling sectors; and
Going forward, in line with its nature as a living document, TKBI will be reviewed periodically to ensure continued relevance in response to developments in science, technology, and sustainable finance policies at both national and global levels. The implementation of TKBI will also evolve toward a regulatory framework in accordance with Law Number 4 of 2023 on the Development and Strengthening of the Financial Sector.
Details on the TKBI Version 3 is accessible on https://gapura.ojk.go.id/tkbi2026
Directorate of Sustainable Finance (DUKB)
Department of Surveillance and Policy for the Integrated Financial Services Sector (DSKT)
