Impact Investment Exchange (IIX) and Industry Leaders Launch US$5-Billion Capital Mobilization Plan for Orange Capital Markets in Indonesia
Jakarta, August 11, 2025 – Indonesia has taken a bold step towards redefining innovative finance today with the development of Orange Capital Markets during an exclusive roundtable at the Indonesia Stock Exchange (IDX). The initiative aims to mobilize US$5 billion in capital by 2030 through instruments such as Orange Bonds and Orange Sukuk, aligning with the United Nations 2030 global SDG Agenda. Co-hosted by Impact Investment Exchange (IIX) and IDX, the roundtable discussed a roadmap to unlock catalytic Orange Capital, including unveiling the Orange Bond and Orange Sukuk frameworks. The Orange Capital markets are aimed at supporting gender equality and social inclusion by strengthening Indonesia’s sustainable finance leadership. The discussion brought together leaders across government, corporates, regulatory, banking, and the development sector to advance capital markets standards that places gender equality at the heart of Indonesia’s Sustainable Finance Roadmap. Indonesia has successfully mobilized over US$11 billion through green, Islamic finance, and other SDG-aligned instruments, establishing itself as a regional leader in sustainable financial markets. Building on this momentum, Orange Bonds and Orange Sukuk are systematically incorporating gender considerations, particularly for women-focused projects and micro, small, and medium enterprises (MSME), into fixed-income markets through practical, scalable financing frameworks. At the core of this effort are two newly launched national frameworks by IIX: The Indonesia Orange Bond Framework provides comprehensive guidance for structuring, issuing, and verifying gender-smart bonds grounded in the Orange Bond Principles™, including Gender-Positive Capital Allocation, Gender-Lens Capacity and Leadership, and Transparency in Process and Reporting. In parallel, the Indonesia Orange Sukuk Framework adapts the same principles to Shariah-compliant finance. Aligned with Maqasid al-Shariah, asset-backing requirements, and national Islamic finance regulations, the framework offers clear pathways for embedding gender and inclusion objectives into sukuk structuring, governance, and impact measurement. Designed to complement existing green, social, and sustainability bonds, and align with Indonesian Financial Services Authority (OJK) regulation, these frameworks offer a powerful and practical structure for mobilizing gender-smart capital across Indonesia’s sustainable development priorities–from climate resilience and sustainable infrastructure to the ocean economy and financial inclusion. Orange Bonds and Sukuk were amplifying impact without adding complexity. Prof. Durreen Shahnaz, CEO and Founder of IIX, stated, “The shared commitment to mobilize US$5 billion through Orange Capital Markets marks a transformative moment for Indonesia and the global Orange Movement™. Indonesia is showing the world how markets can work better for women, communities, and the planet, while also helping achieve the UN 2030 SDG Agenda. As one of the most important markets for sustainable and Islamic finance, Indonesia’s leadership is vital to unlocking a more inclusive future for all.” Listyorini Dian Pratiwi, Vice Director Listed Company Development, Indonesia Stock Exchange (IDX), stated, “At IDX we have seen the increasing interest from corporates in issuing sustainable debt instruments and we have been actively promoting and encouraging corporations to do so in aligning their company growth sustainability values. These issuances have also shown the collective commitment of Indonesia Capital Market in mitigating the impact of climate changes by integrating sustainability values in their company financing” said As a next step, the Orange Bond Ecosystem Readiness Training will be launched to equip Indonesia’s capital markets with the tools, knowledge, and confidence to lead the way in gender-smart climate and sustainability investments. Supported by the Ford Foundation Indonesia and IIX, the training program covers governance, structuring, impact measurement, and investor positioning, and is tailored specifically to Indonesia’s sustainable finance landscape and regulatory context to ensure that the Orange Frameworks translate into impactful and inclusive capital flows. The Indonesia Orange Bond and Orange Sukuk Framework can be downloaded via this link: https://iixglobal.com/issuance-framework-for-indonesia-orange-bond-and-sukuk-2025/