Orange Bonds and Orange Sukuk introduce a unified, gender-intentional approach to thematic bond issuance in Indonesia. These frameworks are designed to align with international sustainable finance standards—including the ICMA Green, Social, Sustainability, and Sustainability-Linked Bond Principles (GSSS)—while integrating seamlessly with Indonesia’s national regulatory landscape, such as POJK regulations and the OJK Sustainable Finance Roadmap. At their core, they embed gender considerations across the entire capital market lifecycle, from design to impact reporting.
The Orange Bond Framework offers practical guidance for structuring, issuing, and verifying gender-smart fixed-income instruments. Built around the Orange Bond Principles™—Gender-Positive Capital Allocation, Gender-Lens Capacity and Leadership, and Transparency in Process and Reporting—this framework shows how Orange Bonds can enhance the impact of existing green, social, or sustainability bonds, without adding market complexity.
The Orange Sukuk Framework adapts these same principles for Shariah-compliant finance. It maps the Orange Bond approach onto sukuk structures in line with Maqasid al-Shariah, asset-backing requirements, and Indonesia’s Islamic finance regulations. The framework provides issuers with clear guidance on embedding gender and inclusion objectives into sukuk structuring, governance, and impact measurement.
Together, these frameworks offer a powerful tool to mobilize inclusive, gender-smart capital across a range of thematic priorities—from climate resilience and sustainable infrastructure to ocean health. Rather than replacing existing instruments, Orange Bonds and Sukuk complement and strengthen Indonesia’s broader thematic finance ecosystem, including green, blue, and SDG-linked bonds and sukuk.
Indonesia Orange Bond Framework
Comprehensive Guidelines for Orange Bonds in Indonesia for Inclusive, Climate-Resilient Sustainable Development
Indonesia Orange Sukuk Framework
Orange Sukuk Framework: Comprehensive Guidelines for Issuing Gender-Inclusive GSSS+ Shariah Finance Instruments in Indonesia