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Jakarta Post

Green investments, financing gain traction in Indonesia despite lack of investor awareness

  • Riska Rahman

    The Jakarta Post

Mataram, West Nusa Tenggara   /   Fri, November 29, 2019   /  12:37 pm
The Jakarta Post Image
Brokers monitor the Composite Stock Price Index (IHSG) trading in Jakarta in this file photo.(JP/Nurhayati)

The “green is the new black” sustainability trend has reached the financial world as investors and financial institutions are slowly turning to invest in environment, social and governance (ESG)-compliant assets in Indonesia. Rising awareness of the mounting environmental and social problems has prompted global investors, both institutional and retail, to invest in sustainable assets that comply with ESG standards. Although this type of investment has been gaining popularity in the developed markets for the past several years, Indonesia seems slow in adopting the trend. For BNP Paribas Asset Management Indonesia, sustainable mutual funds only accounted for 4 percent of its total assets under management as of September 2019. The fund manager currently offers three ESG-compliant mutual fund products to its clients that adhere to the sustainable and responsible invest...