Jakarta, 12 June 2025 – WRI Indonesia, WWF-Indonesia, and PT Bank HSBC Indonesia (“HSBC Indonesia”) shared outcomes from their five-years collaboration through the Climate Solutions Partnership (“CSP”) program, aimed at promoting the adoption of renewable energy in Indonesia, particularly in commercial and industrial sectors.

The industrial sector plays a crucial role, contributing 34% of national emissions . Therefore, industrial decarbonization is essential for achieving climate targets and unlocking green job opportunities in the global market. This aligns with Indonesia’s goal of reducing greenhouse gas (GHG) emissions by 31.89% through its Enhanced Nationally Determined Contributions (ENDC).

Over the past five years, the CSP has conducted series of capacity building sessions and technical assistance for industrial companies on various ways to reduce their operational emissions. In addition, partnering with an apparel company, the program also piloted the use renewable energy in industrial sectors. Furthermore, the program also developed guidelines for transitioning to renewable energy, policy recommendations for reducing emissions, and capacity building for national banks to offer low carbon financing solutions.

The development of transition guidelines provides a practical reference for industries, helping to streamline their adoption. These guidelines are reinforced by policy recommendations that ensure the technical guidance is enforceable through appropriate regulations, making implementation both feasible and measurable.

“One of the greatest lessons from CSP is that transition cannot be driven with a one-size-fits-all approach. Each sector, and even each company, has its own context and challenges. This is where adaptive, data-based solutions become critical. Through collaborative approaches, we’ve seen how companies can begin their journey, even from vastly different starting points, towards more structured and sustainable decarbonization,” said Arief Wijaya, Managing Director of WRI Indonesia.

In addition, the energy transition toward net zero cannot be separated from nature conservation. Aditya Bayunanda, CEO of WWF-Indonesia, emphasized the importance of biodiversity in the energy transition: “Without robust ecosystems, achieving net-zero targets is difficult. That’s why we support the integration of biodiversity protection in renewable energy development and other decarbonization efforts. For example, the biomass conversion guideline  we developed is intended not only to help reduce GHG emissions, but also to ensure that its use continues to safeguard broader ecosystems,” he explained.

The CSP program reflects with HSBC’s ambition to supporting early-stage, high potential energy transition initiatives that may not yet be commercially viable through its philanthropy initiatives.

“We are proud to support CSP as part of our ambition to partner with multiple stakeholders in accelerating innovation and financing to support the adoption of captive renewable energy in industrial sectors, which can help move the needle in Indonesia’s transition to net zero.  While much work remains, these efforts show what’s possible when sectors aligned around shared goals,” said Francois de Maricourt, President Director, HSBC Indonesia.

The CSP collaboration has helped lay groundwork for industrial decarbonization in Indonesia, offering practical models and technical guidance that could inform broader uptake in system strengthening, and in the development of incentives—to help Indonesia’s goal of achieving net zero by 2050.