SBH Climate Risk Forum & Workshop — convening Indonesian government, regulators, financial institutions, and partners from across Indonesia's financial sector to advance sustainable finance.
On 22 April 2026, the Sustainable Banking Hub (SBH) hosted the Climate Risk Forum & Workshop, a knowledge-sharing platform designed to deepen financial institutions’ understanding of climate risk impacts and strengthen practical risk management strategies.
The forum featured an overview of the climate risk landscape, knowledge-sharing sessions and panel discussions on the implementation of climate risk management, as well as a practical Climate Risk Stress Testing Workshop led by the Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan/OJK).
The workshop addressed methodological complexities in operationalizing Climate Risk and Management Scenarios (CRMS). As part of the event, CPI also shared insights from its latest Technical Assistance (TA) program on developing sectoral climate risk guidelines for Indonesia Infrastructure Finance (IIF), a financial institution specializing in infrastructure financing. Representatives from the Ministry of Finance, the Financial Services Authority (OJK), project developers, insurance companies, and financial institutions were invited to engage in fruitful discussions on climate risk management.
Panel Discussion – Climate Risk Outlook: Aligning regulatory and implementation across financing ecosystem
The discussion brought together perspectives from OJK as a regulator, Indonesia Infrastructure Finance (IIF) as financial institution representative, Asosiasi Asuransi Umum Indonesia (AAUI) as insurance expert, and PT Empat Mitra Indika Tenaga Surya (PT EMITS) as project developer representative to discuss the current state of climate risk management implementation in Indonesia. The esteemed panelists shared their insights on regulatory readiness, institutional responses, and operational challenges that financial institutions and businesses face as climate risk management becomes more embedded within governance, risk management, and disclosure frameworks. OJK emphasized that climate risk integration is intended not only to enhance financial system resilience, but also to support debtors and create a stronger, more stable financing ecosystem.
Building on this regulatory momentum, panelists shared practical perspectives on integrating climate risk into financing and investment decisions. IIF also shared how climate risk management helps identify resilient projects, expand opportunities in renewable energy, green buildings, and innovative financing, while supporting long-term portfolio performance. All panelists noted persistent challenges, including limited access to high-quality data, the complexity of physical risk modelling, and the need for stronger environmental and social expertise within financial institutions. They highlighted that proactive risk management, improved collaboration, and clear sectoral guidance will be key to accelerating climate-resilient financing in Indonesia.
The discussion was followed by an interactive Q&A session, where various financial institutions raised questions on sectoral decarbonization pathways, target-setting methodologies, data readiness, and the implementation timeline for upcoming regulations and taxonomy requirements. In response, panelists emphasized the importance of continued engagement with industry stakeholders, supported by practical guidance, phased implementation, and ongoing capacity-building efforts to help financial institutions strengthen climate risk management capabilities.
Climate Risk Stress Testing Workshop to Strengthen Financial Institutions' Capacity
The Climate Risk Stress Testing Workshop, led by the OJK, equipped participants with practical tools to strengthen the financial sector’s preparedness for climate-related risks. Following the Climate Risk Management and Scenario Analysis (CRMS) framework, the session explored how financial institutions can integrate climate considerations into governance, risk management, and disclosure practices. Participants were introduced to global and domestic climate scenarios, including transition pathways and Indonesia-specific policy developments, to better understand the potential implications of climate change on the banking sector.
The workshop concluded with an engaging discussion between participants and facilitators on implementation priorities, data readiness, and the practical adoption of climate risk stress testing across institutions. The dialogue underscored a shared commitment among regulators and industry stakeholders to advance climate risk capabilities, strengthen resilience, and support Indonesia’s transition toward a more sustainable financial system.
As climate-related risks continue to shape the financial landscape, collaboration between regulators, financial institutions, and industry stakeholders will be essential to accelerate effective implementation. Through continued capacity building, stronger data ecosystems, and practical guidance, Indonesia is well-positioned to further strengthen a resilient and sustainable financial sector.
Find more summits, workshops, and convenings from across the hub.
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