April 28, 2021 | Invest Indonesia

Finance Ministry wins Climate Bonds Awards 2021

Source from: Antara News

Original News HERE

The Indonesian Finance Ministry has received the Climate Bonds Awards 2021 from the Climate Bond Initiative (CBI), which has deemed it one of the world’s leading government agencies encouraging green finance in the past year.

The Climate Bonds Awards, which have entered their sixth year in 2021, are bestowed upon organizations and government agencies in recognition of their success in developing a sustainable financial sector.

“This is public recognition of all organizations’ and government agencies’ success in directing capital, shifting towards achieving low carbon solutions, and the larger transition towards zero-clean,” the Finance Ministry said in an official statement on Tuesday.

Climate Bonds Initiative CEO Sean Kidney lauded the Indonesian government for winning the award for the largest (issuer) of green sukuk (sharia compliant bonds) in the world last year.

The Climate Bonds Awards were bestowed on 23 agencies this year in recognition of their leadership, best practices, and innovation in green and sustainable finance.

Green finance covers green bonds, loans, sukuk (sharia bonds), and significant market development in climate-based investment.

With the Climate Bonds Awards, Indonesian sukuk have received 12 international awards since they were first issued in 2018.

The award is also the 42nd international award for state sharia bonds.

Reporter: Astrid Faidlatul H/Suharto
Editor: Fardah Assegaf