Unlocking the Nexus Between Green Financing, Net Zero Roadmaps, and Science-Based Targets Initiatives in Indonesia's Infrastructure Sector
インドネシアのインフラセクターにおけるグリーンファイナンス、ネットゼロロードマップ、SBTiの連関解明 (AI 翻訳)
Nathania Adella Panjaitan, Yunieta Anny Nainggolan
🤖 gxceed AI 要約
日本語
本研究は、インドネシアの上場インフラ企業65社を対象に、SBTiに沿った開示と財務健全性がグリーンファイナンスの活用に与える影響を分析。ロジスティック回帰の結果、負債コストのみが有意な財務指標であり、SBTi開示スコアがネットゼロロードマップの有無よりもグリーンファイナンスへの関与を説明することが示された。開示の質や第三者保証の不足が課題であり、科学的根拠に基づく気候開示の重要性を強調している。
English
This study analyzes 65 Indonesian listed infrastructure firms to examine how SBTi-aligned disclosures and financial health affect green finance uptake. Logistic regression reveals that cost of debt is the only significant financial predictor, while SBTi disclosure scores outperform net-zero roadmap availability in explaining green finance engagement. Disclosure gaps and limited third-party assurance reduce credibility, highlighting the need for formal, verifiable climate disclosures.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドネシアのインフラセクターに焦点を当てた研究だが、SBTi開示とグリーンファイナンスの連関は日本のGX政策（GXリーグ、サステナブルファイナンス）にも示唆を与える。特に、開示の質が資金調達に直結する点は、日本の企業や投資家にとっても重要。
In the global GX context
This paper provides empirical evidence from an emerging economy on how SBTi disclosures drive green finance, reinforcing the global push for science-based targets in transition finance. It underscores the importance of disclosure quality and third-party assurance, relevant to ISSB and CSRD implementation worldwide.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the link between SBTi disclosure scores and green finance uptake in an emerging market context.
🏢実務担当者:Highlights that formal SBTi-aligned disclosures are more effective than net-zero roadmap availability for accessing green capital.
🏛政策担当者:Suggests that regulatory incentives and disclosure standards are essential to advance infrastructure decarbonization.
📄 Abstract（原文）
Infrastructure sectors, especially energy, construction, and transport, are pivotal to Indonesia's net-zero transition due to their emissions intensity and capital demands. This study investigates how Science-Based Targets Initiatives (SBTi) disclosures and financial health affect green finance uptake. Using a mixed-method approach and logistic regression on 65 IDX-listed infrastructure firms within the 2023 fiscal year, this research incorporates firm-level data from annual and sustainability reports. It applies indicators including Return on Equity (ROE), Debt-to-Equity Ratio (DER), Cost of Debt (COD), and SBTi-aligned disclosure scores (CNZSTot). The results show that COD is the only significant financial predictor, while SBTi disclosure scores outperform net-zero roadmap availability in explaining green finance engagement. Disclosure gaps, limited third-party assurance, and sectoral inconsistencies reduce credibility. The findings imply that formal, verifiable climate disclosures aligned with science-based frameworks are pivotal in accessing the green capital, enhancing regulatory incentives, and disclosure standards also become essential to advance Indonesia's infrastructure decarbonization agenda.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.58229/jims.v3i3.352first seen 2026-05-05 19:06:49
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。