Sustainability governance is becoming increasingly important as regulatory requirements and expectations from investors, customers, and other stakeholders continue to grow. Sustainability is no longer merely a reporting agenda, but has become an integral part of corporate decision-making, risk management, and strategy. In Indonesia, regulatory developments, including OJK Regulation No. 51/POJK.03/2017 and the implementation of PSPK … Read more
The issuance of Sustainability Disclosure Standards 1 (PSPK 1) and PSPK 2 marks a strengthening of sustainability reporting in Indonesia. Approved on 1 July 2025 and effective for annual reporting periods beginning on or after 1 January 2027, the two standards refer to IFRS S1 and IFRS S2. This article discusses PSPK 1 as the … Read more
Sustainability reporting in Indonesia has entered a critical phase amid the strengthening of sustainability disclosure and assurance regulations and standards. Although POJK 51/2017 requires sustainability reporting, challenges remain, particularly limited disclosure of Scope 3 emissions and the absence of a comprehensive mandate for sustainability assurance. These conditions may increase the risk of greenwashing and undermine … Read more
The use of technology in sustainability is not only about digitalization, but also about a company’s ability to manage data in an integrated, accurate, and accountable manner. Sustainability data scattered across different organizational functions often makes data collection and reporting inefficient. An ESG Data Management System can help integrate data, assign responsibilities, store supporting evidence, … Read more
Business activities affect the environment through the use of energy and natural resources, emissions, water consumption, waste generation, land-use change, and impacts on biodiversity and ecosystems. At the same time, changes in environmental conditions can also affect corporate resilience and performance. Therefore, understanding sustainability impacts requires a two-way perspective: how the environment affects companies and … Read more
The implementation of the Global Minimum Tax (Pillar Two) marks a new chapter in international tax reform aimed at establishing a fairer, more transparent, and more consistent tax system for multinational enterprises. Through the adoption of the Global Anti-Base Erosion (GloBE) Rules and their implementation in Indonesia under Minister of Finance Regulation (PMK) No. 136 … Read more
Minister of Finance Regulation (PMK) Number 136 of 2024 establishes the legal and technical framework for implementing the Global Minimum Tax (Pillar Two) regime in Indonesia in accordance with the Global Anti-Base Erosion (GloBE) Rules developed under the OECD/G20 Inclusive Framework. This article examines the regulation’s principal provisions, including its scope of application, the operation … Read more
The relationship between the Global Minimum Tax (Pillar Two) and Transfer Pricing Documentation has become an increasingly important aspect of international tax governance. The issuance of Indonesia’s Minister of Finance Regulation (PMK) Number 136 of 2024 on the Global Minimum Tax and PMK No. 172 of 2023 on the Application of the Arm’s Length Principle … Read more
The development of the Global Minimum Tax (Pillar Two) brings a fundamental transformation in the way multinational enterprises manage their tax strategies, shifting from a tax planning-oriented approach toward stronger tax governance characterized by greater transparency, accountability, and sustainability. The enactment of Indonesia’s Minister of Finance Regulation (PMK) No. 136 of 2024 emphasizes that tax … Read more
The new era of international taxation encourages multinational investors to place tax readiness as an integral part of investment strategy and corporate governance. In an increasingly transparent global business environment, taxation is no longer viewed merely as a compliance obligation, but also as a critical element in risk management, decision-making, and investment sustainability. This article … Read more
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