Sustainability and Legislated Corporate Social Responsibility in Indonesia
In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, 2019), Chapter 34.
Posted: 8 May 2019 Last revised: 15 Jun 2020
Date Written: May 6, 2019
Indonesia is the fourth most populous country in the world and a growing economic powerhouse. Although founded in 1949, it has a significant legal history and distinct legal systems based on race. In this historical context, Indonesia has seen economic boom, bust and reform as well as a more recent change from dictatorship to democracy. This chapter reviews the rich and complex history that sets the foundation for the subsequent analysis of the post-Suharto regulatory efforts to address sustainability. The chapter includes three substantial case studies examining how the central government’s mandatory sustainability for State Owned Enterprises has fared.
Keywords: state-owned enterprises, mandatory CSR, emerging economies, SOEs
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