Sustainable development is progress that meets the needs of the present without compromising the ability of future generations to meet their needs. The Indonesia Business Council for Sustainable Development (IBCSD) is a CEO-led association of companies operating in Indonesia, who share a commitment to promoting sustainable development through sustainable economic growth, ecological balance and social progress. The launch of this business council in April 2011 represents a new regional chapter of the WBCSD. Founder members of IBCSD include 6 prominent Indonesian companies: Bakrie Telecom, Bank Negara Indonesia, Medco Power Indonesia, Holcim Indonesia, Garuda Indonesia and PT Riau Andalan Pulp Paper.
IBCSD provides a platform for businesses to share and promote best practice in tackling risks and taking advantage of opportunities related to sustainable development. It will also act as a key partner to government and civil society providing business input and solutions for Indonesian policies on sustainability issues. The key aims of the IBCSD are to:
- To provide business leadership as a catalyst for change towards sustainable development.
- To support the business license to operate, innovate and grow in a world increasingly shaped by sustainable development issues.
Pursuing sustainable development makes companies more competitive, more resilient and adaptable in a fast-changing world, and more prepare for the future. It can also help companies to retain the best human resources, and make them more attractive to investors and insurers, while reducing exposure to regulatory risks and other liabilities.
IBCSD is the outcome of a joint effort between WBCSD and KADIN Indonesia. KADIN Indonesia is a chartered organization of Indonesia business operating nationally and with representation across the provinces. Therefor KADIN understands the economic potential of Indonesia and how innovative and sustainable approaches are necessary to promote long term growth, responsible resource use and environmental sustainability.