Climate Change Disclosure in the Indonesian Banking Industry: a Case Study Of Jtrust Bank, Shinhan Bank, and Ok Bank (2020–2024)

Climate change has become a significant global issue and is increasingly gaining attention in the financial sector, including the banking industry. This study analyzes the level of climate change disclosure by three foreign banks in Indonesia—JTrust Bank, Shinhan Bank, and OK Bank—with a focus on the implementation of the Task Force on Climate-related Financial Disclosures (TCFD) framework, which covers four pillars: Governance, Strategy, Risk Management, and Metrics and Targets. Using a content analysis method with the RAAR (Rating of the Adequacy and Accuracy of Reporting) instrument for the 2020–2024 period, both quantitative and qualitative assessments were conducted to evaluate the consistency and depth of disclosures. The results show that JTrust Bank has the highest level of disclosure, followed by Shinhan Bank and OK Bank. These differences are influenced by internal preparedness, strategic commitment to sustainability, and the regulatory policies of their home countries. This study emphasizes the importance of integrating climate issues into banks’ governance and business strategies, and it is expected to provide both academic and practical contributions to encourage climate disclosure transparency in line with international standards

Authors

Institutions

Publication Details

Journal
Asian Journal of Social and Humanities
Published
2025-09-23
DOI
https://doi.org/10.59888/ajosh.v3i12.614
Primary Topic
Sustainable Finance and Green Bonds
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Climate Change Disclosure in the Indonesian Banking Industry: a Case Study Of Jtrust Bank, Shinhan Bank, and Ok Bank (2020–2024)

Carmel Meiden, Nurkhasanah Nurkhasanah
Asian Journal of Social and Humanities
Sustainable Finance and Green Bonds
article

Climate Change Disclosure in the Indonesian Banking Industry: a Case Study Of Jtrust Bank, Shinhan Bank, and Ok Bank (2020–2024)

Carmel Meiden, Nurkhasanah Nurkhasanah
article en

Abstract

Climate change has become a significant global issue and is increasingly gaining attention in the financial sector, including the banking industry. This study analyzes the level of climate change disclosure by three foreign banks in Indonesia—JTrust Bank, Shinhan Bank, and OK Bank—with a focus on the implementation of the Task Force on Climate-related Financial Disclosures (TCFD) framework, which covers four pillars: Governance, Strategy, Risk Management, and Metrics and Targets. Using a content analysis method with the RAAR (Rating of the Adequacy and Accuracy of Reporting) instrument for the 2020–2024 period, both quantitative and qualitative assessments were conducted to evaluate the consistency and depth of disclosures. The results show that JTrust Bank has the highest level of disclosure, followed by Shinhan Bank and OK Bank. These differences are influenced by internal preparedness, strategic commitment to sustainability, and the regulatory policies of their home countries. This study emphasizes the importance of integrating climate issues into banks’ governance and business strategies, and it is expected to provide both academic and practical contributions to encourage climate disclosure transparency in line with international standards

Asian Journal of Social and HumanitiesVol. 3(12)
Kwik Kian Gie School of Business (ID)
Openalex Percentile: Top 67%
Sustainable Finance and Green Bonds
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.