In August 2025, Ikatan Akuntan Indonesia (The Institute of Indonesia Chartered Accountants/IAI), together with Bank Indonesia, the Ministry of Finance (Kemenkeu), and the Financial Services Authority (OJK), launched the Indonesia Sustainability Disclosure Standards (SPK)—a significant milestone in shaping the future of corporate reporting.

The standards were approved by the Indonesian Sustainability Standards Board (DSK IAI) on July 1, 2025. Comprising PSPK 1 and PSPK 2, the standards will come into effect on January 1, 2027. They adopt the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2) issued by the International Sustainability Standards Board (ISSB), placing Indonesia among 33 jurisdictions that have already embraced this global framework.