Many Companies Need Government Support to Implement ESG

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Adi Ahdiat 17/01/2025 16:12 WIB

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According to a survey by Mandiri Institute, many Indonesian companies are hindered from implementing ESG principles due to a lack of government or regulatory support, as well as cost issues.

Challenges Faced by Publicly Listed Companies in Indonesia in Implementing ESG (2024)

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Many Companies Need Government Support to Implement ESG

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Challenges Faced by Publicly Listed Companies in Indonesia in Implementing ESG (2024)

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According to a Mandiri Institute survey, many Indonesian companies consider environmental, social, and governance (ESG) factors important.

ESG is a standard of business practices that sustainably considers environmental, social, and governance aspects.

Of the 150 Indonesian listed companies surveyed in 2024, a majority, or 87%, reported implementing ESG because it has become a corporate value.

However, many also face challenges. A significant portion are hampered by a lack of government/regulatory support (58%), and cost issues (58%).

More than half of the respondents also found it difficult to meet ESG performance indicators (56%), and lacked understanding of ESG (54%).

Other obstacles include a lack of data, difficulty in setting targets and performance assessment methods, lack of guidance or support from shareholders, and others as shown in the graph.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."