Wednesday, 24 October 2018 | 05:58 WIB

IDX Participates in Climate Bonds Initiative Program Partner

The signing of Green Bonds Initiative at IDX Building.

JAKARTA, NNC - The Indonesia Stock Exchange (IDX) becomes the first Southeast Asian Exchange to follow the Climate Bonds Initiative (CBI) program partners.

The IDX is the sixth exchange in partnership with Climate Bonds which includes the London Stock Exchange, Luxembourg Green Exchange, Deutsche Börse, Bolsa Mexicana, and Nasdaq Nordics.

The IDX is currently part of a leading group of exchanges committed to playing a larger role in the development of global and national green finance, with a special focus on green bonds - reaching an issuance record of $155.5 billion in 2017, up 78 percent over the year 2016 which amounted to $87.2 billion.

Sean Kidney, CEO of Climate Bonds Initiative and Tito Sulisto, IDX President, agreed on a new partnership in Jakarta on February 5, 2018 to jointly hold roundtable discussion for potential Indonesian green bonds issuers.

Tito Sulisto said that IDX will continue to play a role in green finance in line with market developments, both in Indonesia and in regional areas.

Cooperation with CBI is considered to provide an exciting experience in an effort to improve performance in this fast growing market and help meet the needs of green infrastructure and sustainable investment in Indonesia.

"This partnership will play a role in helping to increase engagement with key domestic and regional stakeholders and developing joint initiatives to spur market growth," he said.

Sean Kidney also said that the Indonesia Stock Exchange can play an important role in bringing policy makers and market players together, helping to shift investment and capital to low-carbon assets and green projects in Indonesia.

"With this partnership, we now have a strong foundation to work together and promote collaboration, knowledge sharing and expansion of green finance and green investment," he said.