The KADIN’s task force will build a comprehensive plan and strategic roadmap for the ESG compliance standard nationally.
Heaptalk, Jakarta — The Indonesian Chamber of Commerce and Industry (KADIN) has appointed the Head of ESG at AC Ventures (ACV), Lauren Blasco, to contribute to the newly formed ESG task force, an elite group of stakeholders in the nation launched on the sidelines of B20 Summit agenda last November.
This group of high-profile corporate figures and business leaders has been asked to spend the next 12 months crafting and proposing a sector-agnostic roadmap to set the rules for ESG standards and compliance nationwide. The policy applies to the entire businesses in Indonesia, including MSMEs and leading corporates.
The task force comprises corporate, who cover the operationalization and implementation of ESG; investors, who serve as essential drivers for companies in integrating ESG best practices; and auditors to ensure an equivalent output with assurance-ready requirements for reporting and disclosures.
In response to this designation, Lauren Blasco stated, “I am honored and excited to work with KADIN on this roadmap that will ultimately give Indonesian businesses a clear and definitive guideline on reporting on ESG. This initiative will help them know precisely what to report and how to get better as the years’ progress. The formation of this task force is a clear step in the right direction. I strongly believe Indonesia now has the chance to propel Southeast Asia to the same level of ESG responsibility as regions like northern Europe,”
In the context of a more sustainable future in Indonesia, one of the country’s most prominent and formalized goals is to pledge to reach net zero carbon emissions by 2060. KADIN’s task force will develop a policy package to ensure a universal standard for carbon measurements, reporting, offsetting, and mitigation nationwide.
Other companies involved in the task force, spanning the GoTo Group, Lippo Group, TBS Energi, Indika Energy, Electrum, Modalku Group, Bukalapak, Utomo SolarUV, Pertamina, Triputra Agro Persada, Go-Ventures, and two of the top five global auditing firms.
“We brought Lauren onto our team at ACV earlier this year because we recognized that she is one of the leading authorities on ESG, impact, and what it means for the investment landscape. Having her join KADIN’s task force reinforces this and puts ACV in a position to work hand-in-hand with the government on policies that make sense and will drive the nation toward a more sustainable and equitable future,” the Founder and Managing Partner of ACV, Adrian Li, said in a statement.
In the implementation, the participated task force will create and publish a digital repository of ESG-related resources and references to be filtered for relevance within the Indonesian private sector. The idea is that this repository will serve as an introductory overview of ESG for companies that are just beginning their sustainability journeys.
Despite presenting numerous practical steps, and reasonable best practices, the repository is filled with uncomplicated performance indicators to support businesses in taking proactive actions toward ESG implementation.
“If Indonesia is going to reach its ambitious sustainability goals, we will need the most talented and serious practitioners and the most important stakeholders from the national economy to participate in the discussion. I’ve seen Lauren’s ability to simplify complex issues and turn abstract ideas into clear policy recommendations. I believe she will be a valuable voice representing investors on KADIN’s ESG-focused task force.” the ACV’s Founding Partner and KADIN’s Vice Chairman and Head of Digital, Pandu Sjahrir, said.
