Title

Sustainability assessment of Indonesian Islamic banks

Abstract/Description

Sustainability is an inherently complex and multi-dimensional concept. It asks for a simultaneous balance between its environmental, social, and economic dimensions. The awareness and demand for sustainable development are getting more assertive on the one hand, and on the other, measuring sustainability is a complex undertaking. The study has examined the current state of sustainability practices in Indonesian Islamic banks (IBs). The sustainability assessment of Indonesian IBs over the ten-year period (2010-2019) revealed an increased reporting trend on the sustainability dimensions. Indonesian IBs report almost equally on all sustainability dimensions and have comprehensively documented environmental and social dimensions. The considerable improvement by Indonesian IBs can be attributed to the 2014 roadmap for sustainable finance and regulations issued by OJK. Islamic banks in Indonesia have shown commitment towards sustainability implementation through increased reporting on sustainability and many aspects of operations.

Track

Management

Session Number/Theme

Session 1C: Business Sustainability

Session Chair

Dr. Amer Iqbal Awan, Institute of Business Administration, Karachi

Start Date/Time

23-6-2022 11:20 AM

End Date/Time

23-6-2022 11:40 AM

Location

Crystal Ball Room, Marriott Hotel, Karachi

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Jun 23rd, 11:20 AM Jun 23rd, 11:40 AM

Sustainability assessment of Indonesian Islamic banks

Crystal Ball Room, Marriott Hotel, Karachi

Sustainability is an inherently complex and multi-dimensional concept. It asks for a simultaneous balance between its environmental, social, and economic dimensions. The awareness and demand for sustainable development are getting more assertive on the one hand, and on the other, measuring sustainability is a complex undertaking. The study has examined the current state of sustainability practices in Indonesian Islamic banks (IBs). The sustainability assessment of Indonesian IBs over the ten-year period (2010-2019) revealed an increased reporting trend on the sustainability dimensions. Indonesian IBs report almost equally on all sustainability dimensions and have comprehensively documented environmental and social dimensions. The considerable improvement by Indonesian IBs can be attributed to the 2014 roadmap for sustainable finance and regulations issued by OJK. Islamic banks in Indonesia have shown commitment towards sustainability implementation through increased reporting on sustainability and many aspects of operations.