A Study Literature Review: Sustainable Finance: Green Finance, Green Investment, And Green Insurance in Indonesia and Global Perspective

Rosydayanti, Evie
Rahayu, Fitria Indrawati
Musfirah, Kharisma Rona
Ahmad, Shandi Maulani
Perkasa, Tito Pramudya Wahyu
Husnan, Lalu Hamdani

Journal of Finance and Business Digital (JFBD)
Vol. 3 No. 4 (2024): December 2024

The issue of sustainability is increasingly pressing amidst worsening global economic conditions, including global warming and green land loss. This study aimed to compare the regulation and implementation of sustainable finance in Indonesia with global practices and to understand why the implementation in Indonesia is slower than in other countries and how ESG disclosures can influence this. This study used a literature study that examines various academic sources and reports related to sustainable finance. The finding shows the key challenges that hinder the progress of green finance in Indonesia, such as lack of market awareness, weak regulations, and limited private sector participation compared to significant progress in global practice with strong regulations and high awareness of environmental risks.