INDONESIA SUSTAINABLE FINANCE TAXONOMY (TKBI): A NATIONAL FRAMEWORK FOR SUSTAINABLE FINANCE – VERSION 3

The Indonesian Financial Services Authority (OJK) consistently supports the Net Zero Emissions (NZE) commitment and the Sustainable Development Goals (SDGs) set by the Government of the Republic of Indonesia, including through policies and initiatives that strengthen the financial services sector's role in supporting Indonesia’s SDG agenda.

Following the issuance of TKBI Version 2 in February 2025 and the ASEAN Taxonomy for Sustainable Finance (ATSF) Version 4 on 6 November 2025, OJK officially launched TKBI Version 3 at the Annual Financial Services Industry Meeting (PTIJK) on 5 February 2026. This launch marks the completion of the development of a sustainable economic activity classification standard covering all Nationally Determined Contribution (NDC)–related sectors, and represents an important milestone in Indonesia’s sustainable finance journey.

TKBI is a joint policy developed through cross-ministerial and cross-agency collaboration, in close synergy with relevant stakeholders. It serves as a guideline to enhance capital allocation and sustainable financing in support of Indonesia’s NZE targets. TKBI is designed on the principles of being scientific and credible, interoperable, supportive of national interests, and inclusive, enabling its use by a wide range of users, including corporations and Micro, Small, and Medium Enterprises (MSMEs). The TKBI framework, elements, and criteria primarily refer to the ATSF, national policies, and other relevant global taxonomies.

TKBI is developed using a “growing house” concept. Version 1 established the core taxonomy framework with a focus on the Energy sector. Version 2 introduced Technical Screening Criteria (TSC) for the Construction and Real Estate (C&RE), Transportation and Storage (T&S), and selected segments of the Agriculture, Forestry, and Fishing (AFF)sectors, particularly forestry and oil palm plantations.

TKBI Version 3 expands the TSC to cover three focus sectors—advanced AFF (comprising Agriculture, Plantations, Fisheries and Marine, Social Forestry, and Forest Conservation, Restoration, and Maintenance), Manufacturing, and Water Supply, Sewerage, Waste Management, and Remediation (WSSWMR)—as well as two enabling sectors, namely Information and Communication (IC) and Professional, Scientific, and Technical Activities (PST). 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. With these enhancements, TKBI Version 3 serves as the “complete version” for NDC-related focus sectors and their associated enabling sectors.

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.

Further information on TKBI Version 3 is available at: https://gapura.ojk.go.id/tkbi2026

To support effective dissemination and understanding, OJK has also developed a Taxonomy Navigator, featuring an activity and criteria search function (explorer) and a step-by-step assessment simulation (simulator). The Taxonomy Navigator can be accessed via the SFIH website at: https://gapura.ojk.go.id/taxonavi

Download TKBI Version 3 here.