Indonesia Stock Exchange (IDX)

Country
Indonesia
Number of listed companies
626
Domestic market capitalization
516 million US$
SSE Partner Exchange

Yes

Has annual sustainability report

No

  • Plans to launch first sustainability report in 2019
ESG reporting required as a listing rule

Yes

Has written guidance on ESG reporting

No

  • Guidance for Sustainability Reporting can be found on Indonesia Financial Services Authority (Otoritas Jasa Keuangan) rule number 51/POJK.03/2017 regarding Implementation of Sustainability Finance for Financial Services Institutions, Issuers, and Public Companies.
Offers ESG related training

Yes

  • 11-12 March 2019: Seminar Collaboration IDX With GRI “Next Step in Sustainability Reporting: How to Start and Common Technical Issues in Reporting?” (Batch 1, Batch 2, Batch 3)
  • 28 March 2019: Seminar Collaboration IDX With GRI “How to Report Gender Equality, Water, Occupational Health and Safety in Sustainability Report?” (Source)
  • 25 April 2019: Seminar Collaboration IDX With GRI “Business Reporting on the Sustainable Development Goals” (source 1, source 2, source 3)
  • July/August 2018: 7 Batches of "Sustainability Reporting Awareness : Sustainable Investment"
  • 5 October 2018: CEO Brunch Meeting: “The Roles of CEO and CFO in Advancing Sustainable Bussiness Practices and Contribute to SDGs”
  • 5 February 2018: Introducing Green Bonds and Climate Bonds Initiative (source)
  • Jan 9, Sept 14 & Sept 6 2017: POJK No. 51/POJK.03/2017, Sustainable Finance Implementation for Financial Services Institutions, Issuers and Public Companies
  • 8 December 2017: Sustainable Finance and Investment; Green Index Reference, and Sustainability Reporting, with The Indonesian Biodiversity Foundation (KEHATI)
  • Feb 1 & Dec 26, 2016: Corporate Social Responsibility Talk for Leaders (CSR) 2016 , two sessions with MM-CSR dan Magister Community Entrepreneur Trisakti University
Market covered by sustainability-related index

Yes

  • SRI-KEHATI is one of indices, which serves as the indicator of stock price movement in Indonesia Stock Exchange (IDX). This index uses the principles of sustainability, finance, and good governance, as well as environmental concerns as a benchmark. The index, launched on June 8, 2009 by the Indonesian Biodiversity Foundation (KEHATI) in partnership with IDX. It consist of 25 selected companies which are considered to have various kinds of consideration in running their business in relation to environmental concern, business management, community involvement, human resources, human rights, their business behavior and way of operation with internationally accepted business ethics.
    Please refer to number 16 (SRI-KEHATI Indices)
    https://www.idx.co.id/en-us/products/index/
Has sustainability bond listing segment

Yes

  • Under Financial Services Authority (Otoritas Jasa Keuangan) rule number 60 /POJK.04/2017 regarding Issuing and Requirement of Green Bond, Indonesia has green bond segment. One green bond issuance listed on IDX was issued by PT Sarana Multi Infrastruktur (Persero) amounting to Rp500 Billion or equal to USD35Mn
Has SME listing platform

No

  • Currently IDX has 2 boards, Main Board and Development Board. Requirement for listing on the Development Board is suitable for SME. As of 31 March 2019 there are 310 companies listed on the Development Board with a total market cap of Rp849.02 Trillion or USD$59,61Billion. To further accommodate SMEs’ fund raising, IDX is currently developing new board below Development Board, namely Acceleration Board. Hopefully through this initiative, IDX can accommodate more SMEs accessing fund through Capital Market. We expect to launch this initiative in 2019.
Additional information
Organizational model of stock exchange
  • Non Profit
Regulatory bodies
  • IDX is operating under supervision of Indonesia Financial Services Authority (Otoritas Jasa Keuangan), however, IDX under OJK’s approval, provides its own Listing Rule and Listing Requirement
Regulatory model
Strong Exchange Self-Regulatory Organization (SRO) Model
  • In Indonesia, the capital markets are regulated by the Indonesian Capital Market and Financial Supervisory Agency. The agency is responsible for the supervision of the Indonesia Stock Exchange, the enforcement of the Capital Markets Act and of its own rules and regulations. The Indonesia Stock Exchange, on the other hand, is self-regulatory and regulates its own market and possesses the ability to enact rules on listing and membership requirements. However, there is no evidence that the exchange is able to regulate its members' business conduct or participate in any more significant regulatory functions. Several additional tasks are handled by two other regulatory bodies: the Indonesian Central Securities Depository and the Indonesian Clearing and Guarantee Corporation.
About the stock exchange
Location: Jakarta, Indonesia
  • Indonesia Stock Exchange (IDX) is a nonprofit Self-Regulatory Organization (SRO). IDX operates under the supervision of Indonesia Financial Services Authority (Otoritas Jasa Keuangan). As the only Stock Exchange in Indonesia, IDX consistently promotes Indonesia Capital Market integrity and ensures that securities trading activities are exercised in an orderly, fair and efficient manner. IDX headquarter is in Jakarta, the capital city of Indonesia. To make sure financial iteration are spreading across Indonesia, IDX has 29 Representatives Offices and 412 Investment Galleries.
Ownership of Exchange (Shares >4% only) Share