Friday, 16 October 2015 00:00

3rd Sustainable Business Dialogue in cooperation with the global Practitioners’ Dialogue on Climate Investments (PDCI): ‘Sustainable Business Practices Enhancing Southeast Asia’s Economy’

Jakarta, 7-8 October 2015. The 3rd Sustainable Business Dialogue (SBD) provides a platform for exchange of experiences and ideas of how shaping Indonesian industries more sustainably. The event covers the tourism sector, agro business, financial services and the manufacturing sector. The one-day conference with some 200 participants is this year followed by the 1st Global Practitioners’ Dialogue on Climate Investments (PDCI). In this important occasion, Mrs. Shinta Widjaja Kamdani - representative of KADIN Indonesia and Dr. Thorsten Hutter - Deputy Head of Mission, Embassy of The Federal Republic of Germany to Indonesia, Timor Leste and ASEAN conveyed the welcoming remarks to the international participants. While, H. E. Saleh Husin - Minister of Industry, Republic of Indonesia conveyed a remark to announce officially the inauguration the event. The keynote speech was delivered by Prof. Emil Salim. This event is organized by GIZ on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The objective of this dialogue is to collectively identify proposed strategies and solutions from countries across the globe on best ways to mobilizing private investments in the areas of renewables, energy efficiency, and adaptation to climate change. The 3rd SBD takes place at the right time. As we all know, our planet is facing urgent challenges that need to be addressed, especially in the issues of climate change and environment. Some of the causes of these challenges are the power of money as the driving force for forest degradation and natural resource exploitation, market failure in incorporating negative externalities, and the absence of clear roles and responsibilities of all stakeholders. These show an urgent need for the government officials and the business people to change the conventional way of development and move towards sustainable development of economics, social and environment. Last month, in the UN Sustainable Development Summit in New York, USA, 193 countries have agreed upon and adopted the Sustainable Development Agenda, consisting of the Sustainable Development Goals (SDGs), the successor of the Millennium Development Goals (MDGs) beyond 2015. It was understood that the attainment of SDGs is only feasible if all stakeholders work together, the governments, private sector, academics and the global community since the bottom line of SDGs is “People, planet, prosperity, peace and partnership.” Furthermore, the end of 2015 also marks the implementation of the ASEAN Economic Community, which is another game changer with its goals for the region. However, many ASEAN Member States are still facing challenges to the implementation of AEC, which could be overcome through a healthy competition among the members as well as with the rest of the world. Indonesia, as one of the biggest country in the region, also faced challenges. Indonesia has been struggling with this interconnectivity. Therefore, Indonesia has come up with a policy for planning and budgeting strategy as the main vehicle to interlinked economic, social and environment among the various government sectoral developments to interlink numerous government programs towards a sustainable development strategy 2015-2019. Indonesia has experienced a slower growth in its manufacturing industry, although domestic and foreign investments have increased. To boost the industry in the country, the government of Indonesia has launched the National Industry Development Masterplan 2015-2035 characterized by strong industry structure, healthy and fair, highly competitive, and innovation and technology-based industry.   On top of that, BAPPENAS has launched the Green Growth Roadmap, OJK has launched the Sustainable Finance Roadmap and Ministry of Finance has launched the Fiscal Policy Framework for the Land-based Sectors. These three documents will enable the interconnection of various sectors and improving the development to be more sustainable and it is deemed urgent that these documents are to be socialized to the business community so that the public and private sector could engage in a mutual benefit partnership and bring Indonesia to sustainable development.