Green Compliance in Sustainable Finance: Challenges and Opportunities for Cooperatives in Sectoral Growth in Indonesia
Main Article Content
Abstract
Cooperatives as part of the grassroots economy face challenges in implementing gree compliance due to limited resources and dependence on conventional banks that have no implemented green financing. This hinders cooperatives' access to green financing an slows down the transition to sustainable business. This study aims to explore the impac of green compliance on sustainable financing in Indonesia and identify steps tha cooperative financial institutions can take to improve their compliance with the regulation The method used is quantitative descriptive analysis using literature studies. The data use is secondary data published on Google. The results show that compliance wit sustainability regulations improves operational efficiency, reduces environmental risks and strengthens the competitiveness of cooperatives in green financing. The study also demonstrates that cooperatives that apply green compliance principles experience significant improvements in operational efficiency, which is crucial for their long-term sustainability.
Article Details
Section
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Ajaria, R. T., & Utha, R. (2024). Identifikasi Potensi Green Job Sebagai Alternatif Usaha pada Usaha Mikro, Kecil dan Menengah Kuliner di Kota Kendari. MANDAR: Management Development Journal, Universitas Sulawesi Barat. https://ojs.unsulbar.ac.id/index.php/mandar/article/download/4555/1956
Asmara, Teguh Tresna Puja, Tarsisius Murwadji, Kartikasari, and Anita Afriana. 2023. “Corporate
Social Responsibility and Cooperatives Business Sustainability in Indonesia: Legal Perspective.”Sustainability (Switzerland) 15 (7). https://doi.org/10.3390/su15075957.
Creswell, J. W., & Plano Clark, V. L. (2018). Designing and conducting mixed methods research (3rd ed.). Sage Publications.
Darni, D. (2023). Pengetahuan Lingkungan dan Persepsi Pelaku UMKM di Lapangan Subiantoro Sukamaju terhadap Penerapan Ekonomi Hijau. IAIN Palopo Repository. http://repository.iainpalopo.ac.id/id/eprint/7795/1/DARNI.pdf
Development, Cooperative, Innovation Vol, and P- Issn. 2025. “COOPERATIVES : IMPACT ON SOCIAL AND ENVIRONMENTAL” 1 (1): 37–47.
Li, Y., & Wang, Y. (2022). Green Finance and Cooperative Development in Emerging Markets: Opportunities and Challenges. Journal of Sustainable Finance & Investment, 12(4), 567-584
Manik, Ester, Ashila Dwiyanisa, Galih Putra Prawiranegara, Adinda Nuraini, and Riska Yuni. 2024. “Leveraging Waste Banks for Green Environment Sustainability : A Case Study of Community Collaboration in the Gemuruh District , Bandung City , Indonesia” 17 (2): 140–53.
Mukhlis, L. (2025a). A Phenomenological Study of Personal Spiritual Experiences in Navigating Religious Pluralism within Interfaith Communities. Irfana: Journal of Religious Studies, 1(6), 212–220.
Mukhlis, L. (2025b). Spiritual Grounds for Economic Growth: A Qualitative Exploration of Rural Indonesian Women’s Transformative Journeys Through Mosque-Led Empowerment Programs. Servina: Jurnal Pengabdian Kepada Masyarakat, 1(8), 289–298.
Mukhlis, L., & Abdullah, M. N. (2025). Hukum Keluarga Islam di Indonesia (1st ed.). Mukhlisina Revolution Center.
Mukhlis, L., Arifin, T., Ridwan, A. H., & Zulbaidah. (2024). Integrating Artificial Intelligenceand Maqāṣid al-Syarī‘ah: Revolutionizing Indonesia’s Sharia Online Trading System. Computer Fraud and Security, 2024(11), 301–309. https://doi.org/10.52710/cfs.238
Mukhlis, L., Arifin, T., Ridwan, A. H., & Zulbaidah. (2025). Reorientation of Sharia Stock Regulations: Integrating Taṣarrufāt al-Rasūl and Maqāṣid al-Sharī‘ah for Justice and Sustainability. Journal of Information Systems Engineering and Management, 10(10s), 58–66. https://doi.org/10.52783/jisem.v10i10s.1341
Mukhlis, L., Arifin, T., Ridwan, A. H., Zulbaidah, Rosadi, A., & Solehudin, E. (2025). Reformulation of Islamic Stock Law: The Application of Taṣarrufāt al-Rasūl and Maqāṣid al-Syarī‘ahto Develop a Dynamic and Sustainable Islamic Capital Market in Indonesia. Journal of Posthumanism, 5(3), 1–13. https://doi.org/10.63332/joph.v5i3.913
Mukhlis, L., Janwari, Y., & Syafe`i, R. (2023). INDONESIA STOCK EXCHANGE: THEORETICAL AND PHILOSOPHICAL ANALYSIS OF MUDHARABAH AND MUSYARAKAH CONTRACTS. Yurisprudentia: Jurnal Hukum Ekonomi, 9(2), 243–264. https://doi.org/10.24952/yurisprudentia.v9i2.8466
Mukhlis, L., Maryam, S., & Sormin, S. A. (2023). Model Pembelajaran Living History Berbasis PjBL Untuk Meningkatkan Keterampilan Histografi Mahasiswa. Jurnal Educatio FKIP UNMA, 9(4), 1800–1809. https://doi.org/10.31949/educatio.v9i4.5595
Mukhlis, L., & Saidah, Y. (2025). Dynamics of Nature-Based learning in Developing Children’s Motoricic Skills: Teacher and Parent Perspectives. HUMANISMA: Journal of Gender Studies, 9(1), 64–79. http://dx.doi.org/10.30983/humanisme.v4i2.9366
Mukhlis, L., Suradi, Janwari, Y., & Syafe`i, R. (2023). Sosialisasi Saham Syariah sebagai Instrumen Pengembangan Ekonomi Masyarakat di Badan Kontak Majelis Taklim (BKMT) Kabupaten Mandailing Natal. Jurnal Pengabdian Multidisiplin, 3(2), 2–9. https://doi.org/10.51214/japamul.v3i2.604
Otoritas Jasa Keuangan. (2019). Roadmap Keuangan Berkelanjutan Tahap II (2019–2024). https://www.ojk.go.id/id/berita-dan-kegiatan/publikasi/Pages/Roadmap-Keuangan- Berkelanjutan-Tahap-II-(2019-2024).aspx
Rahman, M., & Kusumawardani, R. (2023). Strategi transformasi koperasi melalui keuangan hijau: Studi kasus koperasi di Jawa Barat. Jurnal Ilmu Ekonomi Terapan, 10(2), 155–168
Suryanto, T., Utami, W., & Widyanti, R. (2020). Green microfinance and the sustainability of cooperative institutions: Evidence from community-based cooperatives in Indonesia. Journal of Sustainable Finance & Investment, 10(4), 410–427. https://doi.org/10.1080/20430795.2019.1688574.
Sugiyanto, S., & Fahmi, I. (2023). Urgensi koperasi apex dalam mendukung keuangan dan investasi keberlanjutan di Indonesia. http://repository.ikopin.ac.id/2297/1/9.%20Urgensi%20Koperasi%20Apex%20%20dalam%20 Mendukung%20Keuangan%20dan%20Investasi%20Keberlanjutan%20di%20Indonesia%20-
%20Sugiyanto.pdf
Taera, Edosa Getachew, and Zoltan Lakner. 2025. “Sustainable Finance : Bridging Circular Economy Goals and Financial Inclusion in Developing Economies,” 1–22.
United Nations. (2015). Transforming our world: The 2030 agenda for sustainable development. https://sdgs.un.org/2030agenda
Valdiansyah, R. H., & Widiyati, D. (2024). Peranan Sustainable Finance pada Industri UMKM Indonesia: Peluang dan Tantangan. Journal of Law, Administration, and Sustainability. https://www.researchgate.net/publication/378803716_Peranan_Sustainable_Finance_Pada_Indu stri_UMKM_Indonesia_Peluang_Dan_Tantangan
Zhang, D., Wang, J., & Lin, Y. (2021). The impact of green finance on sustainable economic growth: Empirical evidence from countries along the Belt and Road. Environmental Science and Pollution Research, 28(6), 5101–5114. https://doi.org/10.1007/s11356-020-10652-3