Abstract
In implementing the SDGs according to the principle of green economy, countries are competing to apply the ESG concept which aims to identify all non-financial risks and opportunities related to the company's routine, especially those related to Environment (E), Social (S), and Governance (G), to achieve sustainability development in business through corporate actions. Such well-founded implementation within a company will generate a positive impact and increase the appeal for investors amid today's fierce business competition. The ESG is expected to be the key in promoting economic improvement without sacrificing environmental aspects.
References
Journal Articles and Periodicals
Auzepy, Alix, Christina E. Bannier, and Florian Gärtner. “Looking Beyond ESG Preferences: The Role of Sustainable Finance Literacy in Sustainable Investing.” Center for Financial Studies Working Paper No. 719 (2024).
Khoday, Kishan. “Decolonizing the Environment: Third World Approaches to the Planetary Crisis.” Indonesian Journal of International Law 19, no. 2 (2022): 189-211.
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Rezaie, Shogofa, Fedra Vanhuyse, and Karin Andre. “Governing the Circular Economy-How Urban Policymakers Can Accelerate the Agenda.” Stockholm Environment Institute (2022).
Strauß, Nadine, Jonathan Krakow, and Marc Chesney. “It’s the News, Stupid! The Relationship Between News Attention, Literacy, Trust, Greenwashing Perceptions, and Sustainable Finance Investment in Switzerland.” Journal of Sustainable Finance & Investment 13, no. 4 (2023): 1480–1505. https://doi.org/10.1080/20430795.2023.2226792.
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Syarif, La Ode M. “Addressing the Root of Political Corruption in Indonesia,” Jurnal Intergritas, Vol. 5 No. 2 (2019): INTEGRITAS Volume 05 Nomor 2 Tahun (2019).
Wartini, Sri. “The Impacts of Foreign Direct Investment to The Environment in Developing Countries: Indonesian Perspective.” Indonesian Journal of International Law 13, no. 2 (2021): 296-324.
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Books and Book Chapters
Latif, Birkah. Pengantar Hukum Lingkungan Internasional. (Makassar: Pustaka Pena), 2020.
Syarif, La Ode M., Birkah Latif, et al, Hukum lingkungan Teori, Legalisasi dan Studi Kasus: (Jakarta: PT Raja Grafindo, 2010).
Legal Documents
Global Reporting Initiative, United Nations Global Compact, and World Business Council for Sustainable Development. SDG Compass: The Guide for Business Action on the SDGs. New York: GRI, UN Global Compact, and WBCSD, 2016.
International Labour Organization, Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy, Geneva, Sixth edition - 2022.
Task Force on Climate-Related Financial Disclosures. Towards Energy Transition: Voluntary Disclosure in Line with Task Force on Climate-Related Financial Disclosures (TCFD) Recommendations. Rome: Leonardo, 2022.
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United Nations Economic Commission for Europe (UNECE). Circular STEP: Stakeholder Engagement Platform to Accelerate the Circular Transition in the UNECE Region. New York: UNECE, 2023.
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Legislations
Indonesia. Peraturan Otoritas Jasa Keuangan tentang Penerapan Keuangan Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik, Peraturan OJK No. 51/POJK.03/2017. (Indonesian Financial Services Authority (OJK) Regulation on Implementation of Sustainable Finance for Financial Services Institutions, Issuers, And Public Companies, OJK Regulation No. 51/POJK.03/2017).
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Bank Indonesia. “Stabilitas Sistem Keuangan Terjaga, Transisi Keuangan Hijau Terus Diperkuat”, https://www.bi.go.id/id/publikasi/ruang-media/news-release/Pages/sp_2621624.aspx
Bank Indonesia dorong ekonomi berkelanjutan melalui kebijakan likuiditas, https://www.antaranews.com/berita/3759456/bi-dorong-ekonomi-berkelanjutan-melalui-kebijakan-likuiditas
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Chan, Alexander. ESG implications for Asia in today’s macro environment – Part 1, Invesco. https://www.invesco.com/apac/en/institutional/insights/esg/esg-implications-for-asia-in-todays-macro-environment-part-1.html.
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Latif, Birkah. “Mining in Indonesia: A Business and Human Rights Approach.” LL.M. Paper, University of Washington, 2014.
Recommended Citation
Latif, Birkah; Shah, Mohammad Qadam; Daud, Aidir Amin; Napang, Marthen; Liman, Padma D.; Camelia, Indah; Syarif, La Ode M.; Rifai, Andi Tenri Famauri; Ali, Aldi Yusa; and Gloria, Adelin Yohana
(2024)
"Environmental Law and Economic Law Review: Is Green Economy and Environmental, Social, and Governance (ESG) Green Economy or Greenwashing?,"
Indonesian Journal of International Law: Vol. 22:
No.
1, Article 7.
DOI: 10.17304/ijil.vol22.1.1910
Available at:
https://scholarhub.ui.ac.id/ijil/vol22/iss1/7