Implication to Implementation of Sustainable Banking Principles on The Banking Sector to Sustainable Reporting Obligation
Abstract
OJK has issued regulation No.51/POJK.03/2017 on The Application of Sustainable Finance for Financial Services Institution, Issuer and Public Companies, requires all financial services institutions, including banks to applied sustainable financial principles. While some of the principles of sustainable finance are already part of banking regulation such the obligation to implement risk management and governance, they have not specifically accommodated the demand to integrate economic, social and environmental aspect as a pillar of sustainable banking. This study is used normative juridical approaches and analytical descriptive research specifications, legal issues are how to implement sustainable financial principles in the banking sector and urgency of the bank’s sustainable report as an effort to identify bank compliance with sustainable financial principles. Banks are required to make and publish sustainable financial statements as a form of bank accountability to all stakeholders to comply with governance principles, in particular transparency obligations.
This sustainable reporting is a form of report conducted by a company in order to disclose or communicate to all stakeholders on good environmental, social and governance performance in an accountable manner.
Full Text:
PDFReferences
Bababola, A. (2014), Corporate Governance and Sustainable banking Sector: Evidence From Nigeria, Research Journal of Finance and Accounting, 5 (22). 44-52. Access date: 26 August 2018. Source: https://iiste.org/Journals/index.php/RJFA/article/ view/17593/17879
Fauzi, A., Octavianus, A., (2014). Pengukuran pembangunan berkelanjutan di Indonesia, Jurnal Mimbar, 30 (1) Access Date: 15 June 2018. Source: https://ejournal.unisba. ac.id/index.php/mimbar/article/view/445/759
Cahyono, A.S., Warsito, S., Andayani, W., Darwanto, DH., (2015). Faktor-Faktor Yang mempengaruhi Kebakaran Hutan di Indonesia dan Implikasi Kebijakannya, Jurnal Sylva Lestari, 3 (1) Source: DOI: http://dx.doi.org/10.23960/jsl13103-112
Dubravka K. 2017. Sustainability reporting Quality : The Analysis of Companies in Croatia, Journal of Accounting and Management, 07 (01), hlm.7,
Barbier, E.B & Burgess, J.C. (2017). The Sustainable Development Goals and the Systems Approach of Sustainability, Economic, 11, Access Date: 17 July 2018. Source http://dx.doi.org/10.5018/economics-ejournal.ja.2017-28
Friede,G., Busch, T., Bassen,A., (2015). ESG and Financial Performance : aggregated evidence from more than 2000 empirical studies, Journal of Sustainable Finance and Investment. 5 (4). 210-233, Date Access: 18 August 2018. Source: http:// dx.doi.org/10.1080/20430795.2015.1118917
Shkura,I., (2017). Socially Responsible Investment in Ukraine, Journal of Economi cs and management, 27 (1), DOI: 10.22367/jem.2017.27.05, Date access: 20 August 2018. Source: http://cejsh.icm.edu.pl/cejsh/element/bwmeta1.element.cejsh-2fc82385-30a5-44ed-95e3-f3baf59564b0/c/05.pdf
Gupta,J., (2015). Role of Green Banking in Environment Sustainability- Study of Selected Commercial Banks in Himachal Pradesh. International Journal of Multidiciplinary research and Development. 2 (8). Date Access: 5 September 2018. Source: Doi.org/10.22271/ijmrd
Stankeviciene, J., & Martanikonorova. (2014) Sustainable Value Creation in Commercial Banks during Financal Crisis. Procedia-Sosial and Behavioral Sciences, 110 (24), 1197-1208, Source:https://ac.els-cdn.com/S1877042813056061/1-s2.0-S1877042813056061-main.pdf?_tid=dd8771f8-c2fc-11e7-9e36-00000aacb360&acdnat=1509977876_8d985 78ebfdc9b3ab167decb0b8db179
Tarigan, J., & Samuel, H., (2014). Pengungkapan Sustainability Report dan Kinerja Perusahaan. Jurnal Akuntansi dan Keuangan. 16 (2) Source: DOI: https://doi.org/10.9744/jak.16.2.88-101
An Naf, J., (2005). Pembangunan Berkelanjutan dan Relevansinya Untuk Indonesia, Jurnal Madani, 2, Source: http://download.portalgaruda.org/article.php?article=194 82&val=1231
Abubakar, L., Handayani,T., (2017). Telaah Yuridis Terhadap Implementasi Prinsip Kehati-hatian Bank Dalam Aktivitas Perbankan Indonesia, Jurnal de Lega Lata, 2 (1). Source: http://jurnal.umsu.ac.id/index.php/delegalata/article/view/1157/pdf_14
Benda, L., Fenger, M., Koster, F., Van Der Veen, R., (2017). Social Invesment Risks? An Explorative Analysis Of New Social Risks In The Social Investment State. Corvinus journal of sociology and social policy, 8 (2). DOI: 10.14267/CJSSP.2017.2.02
Roy, M.K., (2015). Sustainability in Banking Industry : Which Way to Move?, ASA University Review, 9 (2), Source: http://www.asaub.edu.bd/asaubreview/v9n2.php
Otoritas Jasa Keuangan, 2014, Roadmap Keuangan Berkelanjutan di Indonesia 2015-2019, Jakarta,OJK.
Jones.,P. (2017). The Sustainable development Goals and Information and Communication Technologies, Indonesia, Journal of Sustainability Accounting and management, 1 (1), Source: DOI: https://doi.org/10.28992/ijsam.v1i1.22
Roy, S.K., (2016). The Principle of Sustainable development, Human Rights And Good Governance, Brawijaya Law Journal, 3 (2) Source: DOI: http://dx.doi.org/10.21776/ ub.blj.2016.003.02.06
Kullman,T., Farrington,J., (2010). What is Sustainability, Sustainability, 2 (11), Source: mdpi.com, P. 3436-3448. https://doi.org/10.3390/su2113436
Karin,T., (2018) The Concept of Sustainable Development : From its Beginning to the Contemporary Issues, Zagreb International Review of Economics and Business, 21 (1) Source: https://doi.org/10.2478/zireb-2018-0005
Handayani, T., Abubakar, L.,( 2017). Perkembangan Hukum Sektor Jasa Keuangan Dalam Upaya Percepatan Pertumbuhan Ekonomi Nasional, Jurnal de Lega Lata, 2 (2) Source: http://jurnal.umsu.ac.id/index.php/delegalata/article/view/1220/pdf_37
Singh, V. (2014) “An Impact And Challenges of Sustainable Development in Global Era”, Journal of Economics and Development Studies, 2 (2), P327-337, Source: DOI: 10.15640/jeds.
Clune, W.H., Zehnder, A.J.B, (2018). The tree Pillars of Sustainability Framework : Approach for Law and Governance, Journal of Environmental Protection, (9). Source: DOI: 10.4236/jep.2018.93015
Bank Mandiri, Mandiri Sustainable Work 2016-Sustainable Report, PT
Bank Mandiri, Tbk https://sdd-pdf.s3.amazonaws.com/report-, pdfs/2017/8a589a0e51f44fb8efd1c2fe26b7abff.pdf?AWSAccessKeyId=AKIAJZQ4KYD2D35QKCDA&Expires=1528210495&Signature=1kCMKZHZAeaFtgy%2BVIEtAt%2BoNw0%3D
Otoritas Jasa Keuangan, Sustainable Finance- Infografis Lembaga Jasa Keuangan dan Emiten Penerbit Sustainability Report, 14 Maret 2017, https://www.ojk.go.id/ sustainable-finance/id/publikasi/riset-dan-statistik/Pages/Sustainability-Report-bagi-Lembaga-Jasa-Keuangan-dan-Emiten.aspx
US SIF Foundation, SRI Basics , The Forum For Sustainable And Responsible Investment, https://www.ussif.org/sribasics
United Nations Environment Programme, 2012. UNEP Statement of Commitment by Financial Institutions on Sustainable Development Volume 2012, Retrieved From: http://unepinquiry.org/wp-content/uploads/2014/06/Aligning_the_Financial_System_with_Sustainable_Development_1_An_Invitation.pdf.
DOI: https://doi.org/10.20884/1.jdh.2019.19.1.2189
Refbacks
- There are currently no refbacks.
JURNAL DINAMIKA HUKUM Indexed by :
 |  | |
 |  | |
 | Jurnal Dinamika Hukum |  |
| Faculty of Law, Universitas Jenderal Soedirman | Copyright of Jurnal Dinamika Hukum | |
| Yustisia IV Building, Law Journal Center | ISSN 2407-6562 (Online) ISSN 1410-0797 (Print) | |
| Purwokerto, Central Java, Indonesia, 53122 | JDH is licensed under a Creative Commons Attribution 4.0 International License | |