Indonesia is the tenth largest textile exporter in the world. The textile industry has long been the major industry to absorb labour force in the country. The textile industry substantially contributes to the national economic growth by employing 3.58 million workers, or 21.2 per cent of the total labour force in the manufacturing industry. The textile business has been growing over the previous decade. Based on the Bank of Indonesia report, this industry significantly contributes to the Gross Domestic Product (GDP) of Indonesia. The contribution increased from Rp96.3trillion (US$7billion) in 2010 to Rp139.4trillion (US$10.2billion) in 2015. However, the textile industry in Indonesia does not only positively contribute to the country’s economic growth, it also creates negative impacts, such as environmental issues. As will be explained further, these environmental impacts include environmental damage caused to the Citarum River and Sukoharjo. The textile industry’s contribution to pollution is also high at a global level. Among the G20 countries, Indonesia is ranked 2nd for the highest levels of water pollution caused by the textile industry with 29.25 per cent, slightly below Turkey (32.21 per cent). Even though most of the international brands, such as GAP, H&M and Inditex, have already adopted human rights standards and policies, there are still many cases that show the failure of these companies to uphold human rights. For this reason, the implementation of international standards is needed to achieve a more sustainable textile industry. This article discusses business and human rights concerns in relation to the Indonesian textile industry. It addresses several environmental issues caused by the textile industry, discusses human rights standards and policies in the textile industry, and finally shows possible ways of implementing such international standards (i.e. Eco Label and the Bangladesh Accord) in Indonesia.

Tulisan ini dibuat untuk menganalisa ruang lingkup dan jangkauan pengaturan karakteristik Pemilik Manfaat (Beneficiary Owner) serta potensi penggunaan Pengaturan keterbukaan Pemilik Manfaat terhadap Korporasi di sektor pertambangan di Indonesia. Metode penelitian hukum yang digunakan adalah pendekatan perundang-undangan (statute approach), pendekatan konseptual (conceptual approach) dan pendekatan kasus (case approach). Tulisan ini menunjukkan Keberadaan Beneficial Owner (BO) telah dikenal dalam konstruksi hukum Indonesia. Meskipun pada UU PT dan UU Penanaman Modal tidak secara tegas mengatur mengenai BO, namun pengaturan BO telah nampak pada regulasi yang lebih teknis yaitu dalam bidang perpajakan. Kejelasan BO akan dapat membantu dalam menentukan pertanggungjawaban hukum bila pelanggaran hukum oleh korporasi terjadi. Lahirnya Perpres 13/2018 semakin memperkuat kewajiban membuka dan mengenali BO di Indonesia. Sehingga Perpres 13/2018 dapat menjadi instrumen yang membantu mengenali dan mengidentifikasi pihak yang paling bertanggungjawab atas kerugian yang terjadi akibat operasi usaha korporasi. Oleh karena itu, perlu adanya sanksi yang tegas bagi perusahaan yang tidak menjalankan prinsip pengenalan dan keterbukaan BO. Sehingga sebaiknya kewajiban keterbukaan BO diatur kedalam instrumen hukum Undang-undang sehingga memuat mekanisme sanksi administratif dan pidana.

Online at https://migas.esdm. go.id/post/read/permen-esdm-nomor-08-tahun-2017tentang-kontrak-bagi-hasil-gross-split.

Responsible economic growth is an integral part of the goal of sustainable development. This transition to sustainable development needs to be based on a change in the mindset of business actors that business activities will be better and more sustainable if they pay attention to social, environmental and governance aspects (ESG). Recent data shows that there is a predicted increase of ESG investment by the end of 2021 by 73%, with a global fund asset being expected to reach $18 trillion in 2021. In line with this understanding, Financial Services Authority (OJK) have previously released the Sustainable Finance Roadmap Phase I (2015 - 2019) which aims to increase the understanding and capacity of business actors to move towards a sustainable economy. One significant output of the Roadmap is the issuance of OJK Regulation No. 51/POJK.03/2017 on the Implementation of Sustainable Finance, which stipulates the obligation for Financial Service Institutions, Issuers, and Public Companies to submit sustainability report. To accelerate the transition to a sustainable economy, OJK has recently issued the Sustainable Finance Roadmap Phase II (2021-2025), which focuses on ESG-based business development. This paper seeks to examine the comparison between the sustainability reporting obligation under the OJK Roadmaps with global ESG instruments, including United Nations Principles for Responsible Investment (UNPRI), Global Reporting Initiative (GRI), and the European Union Directive on Non-Financial Reporting, and to analyse whether OJK Roadmap II has accommodated the interest of global investors in light of ESG Investment, particularly reliable ESG reporting obligation by companies listed in the Indonesia Stock Exchange. It will conclude with a comprehensive evaluation of aspects needed to be improved by the existing Roadmap II to increase ESG investment in Indonesia.

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