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Green bonds as a green investment to prevent greenwashing and green financial crime in Indonesia

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  • Cita Yustisia Serfiyani
  • Ari Purwadi
  • Iswi Hariyani

Abstract

Overcoming the climate crisis should not only be pursued from the aspect of technological invention but also from the financial aspect through issuing securities instruments that align with the green economy mission. Unfortunately, irresponsible parties such as corporations still use the green economy concept for personal gain through greenwashing and green financial crime. Green bonds shows a positive trend towards improving the quality of environmentally friendly technological innovations, building green infrastructure yet still causes climate issues. However, its application in Indonesia was constrained by the complexity of issuance eligibility requirements and has not been accompanied by strict audit quality. The conclusion of this normative legal research was that green bonds should be implemented accordingly to the eligibility requirements and procedures, both in the form of corporate and government bonds and the quality of due diligence for prospective issuers needs to be improved.

Suggested Citation

  • Cita Yustisia Serfiyani & Ari Purwadi & Iswi Hariyani, 2025. "Green bonds as a green investment to prevent greenwashing and green financial crime in Indonesia," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 19(3), pages 336-349.
    • Handle: RePEc:ids:ijgrec:v:19:y:2025:i:3:p:336-349
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