ACCA welcomes the opportunity to respond to the public consultation on the proposed adoption of the IFRS Sustainability Disclosure Standards – specifically IFRS S1 and IFRS S2 – in Indonesia. We commend the Dewan Standar Keberlanjutan – Ikatan Akuntan Indonesia (DSK IAI) for taking a progressive step in aligning national sustainability reporting requirements with globally recognised best practices. We further commend the DSK IAI on inviting public feedback on the proposed framework through a formal consultation process. This is critical towards fostering trust and transparency in the framework and positively shaping the journey of sustainability reporting in Indonesia.

In forming our responses, we have engaged our network of members in Indonesia that consists of business leaders and professionals in the public and private sectors. Their insights served as the foundation of our comments and reflect the collective support for the DSK IAI’s effort to align the Indonesia sustainability-related disclosure standards with the International Sustainability Standard Board (ISSB)’s standards.

To further enrich our comments, we leveraged our global network of experts and our observations of similar consultations in other jurisdictions to provide recommendations for the DSK IAI’s further action in coordinating with key and relevant stakeholders in Indonesia on the implementation of the standards.

To read our comments in full, please download the consultation response document found on this page.