Home Vision EmergingWISE Careers Young Leaders
for Eco Cities
Contact Us
 
 
 
 

  Home » Emerging Markets Disclosure Project - Indonesia  
     
 

As a G20 economy and the largest economy in ASEAN Indonesia is one of the important emerging markets countries in the world. It has abundant resources, a successful track record in export markets and a large domestic market that is increasingly consumption driven. Despite international crises, GDP growth has been steady and poised to pick up. The challenge for the country will be to achieve balanced and inclusive growth and also ensure that resource based sectors do not end up further aggravating an already fragile environment.

The country suffered a severe political and economic crisis in 1997/98 when several instances of corporate malpractices were brought to light. In the aftermath of the crisis regulations were tightened and financial sector reform made a priority by the government. Development and strengthening of capital markets has been an area of focus and considerable progress has been made. The Indonesian Stock Exchange or IDX continues to expand with new listings both from the public and private sector. Apart from large foreign and domestic institutional investors there are special plans for improving access for retail investors who are driving the rapid growth of the mutual funds industry.

To reduce concentration risk and vulnerability to short term speculative movements, IDX needs to attract more long term funds and responsible investors. These institutions typically factor Environment, Social and Governance (ESG) criteria into their investment decisions. It is therefore vital that listed companies are able to demonstrate higher and improving standards of disclosure. To study this trend and to also assess the importance given to ESG by the financial sector including banks, IndonesiaWISE and UN Principles of Responsible Investment (PRI) are co-leads in a multi stakeholder initiative researching trends in key emerging markets. For further details please contact information@indonesiawise.com

Click picture to download pdf

 
ThinkingWISE™ Quotes
 
 
"Satisfaction does not come with achievement, but with effort. Full effort is full victory"
– Mahatma Gandhi
"It takes but one positive thought when given a chance to survive and thrive to overpower an entire army of negative thoughts"
– Robert H Schuller
"Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win"
– Sun Tzu
"It's fine to celebrate success but it is more important to heed the lessons of failure"
– Bill Gates
"When I examine myself and my methods of thought, I come to the conclusion that the gift of fantasy meant more to me than my talent for absorbing positive knowledge"
– Albert Einstein
"Just as energy is the basis of life itself, and ideas the source of innovation, so is innovation the vital spark of all human change, improvement and progress"
– Theodore Levitt
"The innovate point is the pivotal moment when talented and motivated people seek the opportunity to act on their ideas and dreams"
– W Arthur Porter
"Innovation has nothing to do with how many R&D dollars you have. It's not about money. It's about the people you have, how you're led, and how much you get it."
– Steve Jobs
"The nation behaves well if it treats the natural resources as assets which it must turn over to the next generation increased, and not impaired in value."
– Theodore Roosevelt
"After all, sustainability means running the global environment - Earth Inc. - like a corporation: with depreciation, amortization and maintenance accounts. In other words, keeping the asset whole, rather than undermining your natural capital"
– Maurice Strong
"Literacy is at the heart of sustainable development"
– Kofi Annan
"In the long term, the economy and the environment are the same thing. If it's unenvironmental it is uneconomical. That is the rule of nature."
– Mollie Beattie
"The noblest search is the search for excellence"
– Lyndon Johnson
"I wanted to change the rules of engagement, asking for more from fewer. I was insisting that we had to have only the best people...If you wanted excellence, at a minimum, the ambience had to reflect excellence"
– Jack Welch
"You only find out who is swimming naked when the tide goes out"
– Warren Buffet
"All of the top achievers I know are life-long learners... Looking for new skills, insights, and ideas. If they're not learning, they're not growing... not moving toward excellence"
– Denis Waitley
"Strategy 101 is about choices : you can't be all things to all people. Strategy is about making choices, trade-offs; its about deliberately choosing to be different."
– Michael Porter
"Uncommon thinkers reuse what common thinkers refuse"
– JRD Tata
"For me campaigning and good business is also about putting forward solutions, not just opposing destructive practices or human rights abuses"
– Anita Roddick
"We will try to create conditions where persons could come together in a spirit of teamwork, and exercise to their heart's desire their technological capacity"
– Akio Morita
"Be not afraid of greatness : some are born great, some achieve greatness, and some have greatness thrust upon them"
– William Shakespeare
"Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service"
– Peter F Drucker
"To prevent environmental catastrophes caused by human negligence or obtuseness or callous obduracy, we need practical reason as well as sympathy and commitment"
– Amartya Sen
"We don't know where the markets are going....we have to observe what's going down, see the trends, look at every vibration on the market, prepare the technology and jump when consumers start to think one way or the other"
– Carlos Ghosn
"I have tried not to falter; I have made missteps along the way. But I have discovered the secret that after climbing a great hill, one only finds that there are many more hills to climb"
– Nelson Mandela
"We keep moving forward, opening new doors, and doing new things, because we're curious and curiosity keeps leading us down new paths."
– Walt Disney
"The highest use of capital is not to make more money but to make money do more for the betterment of life"
– Henry Ford
"The five elements of success are an openness to learn, meritocracy, speed, imagination and excellence in execution"
– NR Narayana Murthy
"There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else"
– Sam Walton
"We are approaching a new age of synthesis. Knowledge cannot be merely a degree or a skill.....it demands a broader vision, capabilities in critical thinking and logical deduction without which we cannot have constructive progress"
– Li Ka Shing
"If you can, be first. If you can't be first, create a new category in which you can be first"
– Al Ries & Jack Trout
"A business has to be involving, it has to be fun, and it has to exercise your creative instincts"
– Richard Branson