IAPI Proposes Single Standard for Sustainability Assurance

The Indonesian Public Accountants Institute (IAPI) is advocating for the adoption of a unified international standard to guide the assurance of sustainability information within Indonesia. This proposal aims to bring greater consistency and reliability to how companies report on their environmental, social, and governance (ESG) performance.

Beyond proposing a standard, IAPI is urging Indonesian regulators to develop a robust and equivalent supervisory system. This oversight mechanism is deemed crucial for ensuring that the application of the chosen international standard is effective and that reported sustainability information meets rigorous quality benchmarks. The institute believes such a system will bolster confidence among investors and stakeholders in the data provided by Indonesian companies.

By aligning with international benchmarks, Indonesia seeks to improve its corporate reporting landscape and potentially attract more sustainable investment. The move is part of a global trend towards greater transparency and accountability in corporate sustainability practices, reflecting growing demands for businesses to demonstrate their commitment to environmental and social responsibility.