Sustainability · Standards

GRI vs PSPK vs SEOJK: which standard do issuers use?

Short answer

The three play different roles. GRI Standards are a voluntary international sustainability-disclosure framework focused on impact materiality. PSPK is a national standard (adopting IFRS S1/S2) focused on financial materiality, effective 2027. SEOJK 16/2021 is the content rule for issuer annual reports. Many issuers use GRI for sustainability reports while meeting SEOJK/POJK obligations, and prepare for PSPK.

Comparison

Aspect	GRI	PSPK	SEOJK 16/2021
Nature	Voluntary standard	Standard (IAI SSB)	OJK rule
Materiality focus	Impact on society/environment	Financial (IFRS S1/S2)	Annual report content
Status	Widely used, voluntary	Effective 1 Jan 2027	In force

How the three coexist

SEOJK 16/2021 sets what must be in the issuer annual report (including a sustainability section).
POJK 51/2017 requires a sustainability report; GRI is often used as its disclosure framework.
PSPK will add a financial-materiality climate/sustainability disclosure standard from 2027.

"Impact materiality" (GRI) and "financial materiality" (IFRS/PSPK) are not the same. Understanding the difference avoids overlapping or missing disclosures.

Frequently asked questions

Is GRI mandatory for issuers?

GRI is voluntary, but many issuers use it as a sustainability-reporting framework to meet POJK 51/2017. The formal obligation comes from POJK/SEOJK, not GRI.

Does PSPK replace GRI?

Not directly. PSPK sets financial-materiality (IFRS) disclosure; GRI focuses on impact materiality. They can complement each other.

Which standard for 2025–2026 reports?

The obligation stays with POJK 51/2017 and SEOJK 16/2021; GRI can be the framework. PSPK is effective 1 January 2027 (early adoption permitted).

What's the difference between impact and financial materiality?

Impact materiality assesses the company's effect on society/environment; financial materiality assesses sustainability issues affecting the company's value and financial performance.

Official sources

GRI Standards, Global Reporting Initiative (sustainability disclosure framework).
PSPK 1 & 2, IAI Sustainability Standards Board (adopting IFRS S1/S2; effective 1 January 2027).
SEOJK 16/SEOJK.04/2021 & POJK 51/POJK.03/2017.
Official references: OJK · IFRS Foundation (ISSB) · GRI · IAI (DSK)

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Compiled June 2026 from official sources. Regulations and practices evolve; verify the latest OJK/IDX/IAI/KNKG provisions before making decisions. This page is informational, not legal or accounting advice.