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Sustainability · ESG

How is POJK 51/2017 different from PSPK (IFRS S1–S2)?

Short answer

POJK 51/POJK.03/2017 is the OJK regulation that has required issuers to publish a sustainability report since 2017, with a narrative approach. PSPK 1 & 2 are the technical preparation standards, ratified 2025, effective 1 January 2027, adopting IFRS S1/S2: more measurable, based on financial materiality, and connected to the financial statements. OJK is moving toward revising POJK 51 to align with PSPK.

Two different things: regulation vs standard

They are often conflated but play different roles. POJK 51/2017 is the regulation requiring a sustainability report. PSPK is the technical standard for how that disclosure is prepared. A standard does not replace the obligation; it clarifies how to meet it.

At a glance

DimensionPOJK 51/2017PSPK 1 & 2
TypeOJK regulationStandard (DSK IAI)
In forceSince 2017 (phased)Effective 1 January 2027
BasisNational sustainable financeAdopts IFRS S1 & S2 (ISSB)
ApproachNarrative, inside-outMeasurable, decision-useful
ConnectionRelatively standaloneConnected to financial statements

What it means for issuers

For the current financial year, POJK 51/2017 remains the basis of compliance (sustainability report due by 30 April). Toward 2027, the basis shifts to standard-based, more measurable disclosure. OJK supports PSPK and is studying a revision of POJK 51/2017, so issuers should start mapping their practice gaps in 2026.

Frequently asked questions

Has POJK 51/2017 been revoked?

No. POJK 51/2017 remains the basis for the sustainability reporting obligation. OJK supports PSPK and is moving toward revising POJK 51/2017 for more comprehensive, IFRS-aligned disclosure.

Which standard applies to 2025–2026 reports?

For the current financial year, the obligation still follows POJK 51/2017 and SEOJK 16/2021. PSPK is effective 1 January 2027, with early adoption permitted.

Why move to the PSPK approach early?

Measurable disclosure connected to the financial statements is more comparable across companies and more trusted by investors and rating agencies, and it eases the 2027 transition.

Official sources

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