Indonesia Stock Exchange

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Indonesia Stock Exchange

Name Indonesia Stock Exchange (IDX)
Country Indonesia
Number of listed companies 852
Domestic market capitalization 604638.24 million US$
SSE Partner Exchange Yes
Has annual sustainability report Yes

  • First sustainability report published in 2018 Annual Report.
ESG reporting required as a listing rule Yes

Sustainability reporting is required under Indonesia Financial Services Authority (Otoritas Jasa Keuangan) rule number 51/POJK.03/2017 (in Indonesian): Implementation of Sustaianability Finance for Financial Services Institutions, Issuers and Public Companies. (Source).

Delisting and Relisting Regulation requires Environmental Impact Reporting

Has written guidance on ESG reporting Yes
Offers ESG related training Yes

  • 25 April 2019: Seminar Collaboration IDX With GRI “Business Reporting on the Sustainable Development Goals” (source 1, source 2, source 3).
  • 5 February 2018: Introducing Green Bonds and Climate Bonds Initiative (source).
  • List of ESG related training held in 2021 here
  • May 2022: provided training on Climate-related Financial Disclosures (TCFD recommendations) in collaboration with the SSE, CDP and IFC. (source)
  • For more details on the on ESG training refer to the IDX sustainability reports
Market covered by sustainability-related index Yes

The Indonesia Stock Exchange has issued four ESG-based Indices.

Has sustainability bond listing segment Yes

  • The issuance of regulation that supports sustainability based financial instruments, such as Rule No. I-B which incentivizes the issuance of green bonds by giving annual listing fee discounts for the issuance of green bonds. (source)
Has SME listing platform Yes

  • As of 22 July 2019, the IDX launched a new listing board for SMEs named Acceleration Board. IDX now has three listing boards: Main Board, Development Board and Acceleration Board. See Acceleration Board here.
  • Please find the link to the regulation for the SME listing board here in Indonesian.
Women on boards mandatory minimum rule No
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.

Criteria for Stock Exchange Database

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.

Field

Criteria Considered
Country Country of primary residence or registration
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include:

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.