Conference Programme

The climate crisis and rising inequality require a fundamental change in the relationship between finance and maritime resources, especially Indonesia's Blue Economy Roadmap and the Financial Services Authority's sustainable finance initiatives. This article critically investigates Indonesia's legal framework on FIs' Sustainable Blue Economy promotion. The paper examines Indonesian rules' ability and constraints to mandate FIs to be blue economy stewards, achieving ecological and economic justice for coastal communities. The article studies financial service legislation and corporate governance principles in the growth-oriented economic paradigm using normative legal research and a socio-legal perspective. FIs often focus short-term returns and fail to integrate environmental deterioration as a financial risk, revealing a regulatory gap and philosophical stagnation. Foundational sustainable finance policies lack the legislative precision and explicit mandates needed to address ocean-related risks and leverage FIs, notably in regulating non-publicly traded nh businesses. The study proposes legal paradigm shift. The findings highlight the need for a strong legislative obligation for ocean-specific risk disclosure and a rethinking of fiduciary duties to compel FI stewardship. Such reforms are necessary to integrate sustainability criteria into funding and investment decisions, counterbalancing unsustainable exploitation and supporting fair maritime sector progress in Indonesia.