Press Release
Danantara Monitor Platform Launch: Call for Transparency and a Green Investment Roadmap
Jakarta, August 27, 2025 — Daya Anagata Nusantara Investment Management Agency (BPI Danantara Indonesia) has emerged as a central pillar of President Prabowo Subianto’s vision to create jobs and support priority programs. Since its launch in February 2025, Danantara has been tasked with consolidating and managing thousands of strategic state-owned enterprises and national assets totalling more than US$1 trillion.
For an entity managing such a significant figure, Danantara has yet to meet its commitments to transparency, accountability, impact, and transformative investing, which include a promise of leading Indonesia towards a greener future.
In a move to foster such promises, the Center of Economic and Law Studies (CELIOS), Yayasan Indonesia Cerah, Indonesia Corruption Watch (ICW), Trend Asia, and Climate Rangers, as initiators, announced the launch of the Danantara Monitor, an independent online platform designed to monitor and report on the progress of Danantara.
“In its mission, Danantara mentions sustainable development twice. This should become Danantara’s output, and ideally, it should have been evident from the start. Danantara [should] make investments from dividends of state-owned enterprises (SOEs) and direct SOEs such as PLN and Pertamina to enter industrial sectors that will become new drivers of the economy instead of repeating the business-as-usual cycle. We should not go back to fossil-based and extractive sectors whose effect on the economy is minuscule. We probably don’t need 8% growth because what we need now is for Danantara to improve the quality of the economy. Opening up jobs in the industry sector and improving household welfare,” said Bhima Yudhistira Adhinegara, executive director of CELIOS, at the launch of Danantara Monitor.
“So far, Danantara doesn’t have a roadmap. To this day, we’ve been looking for [details], and I’m sorry to say, if you look at BPI Danantara’s website, they manage US$1 trillion, but there’s no information whatsoever, no public participation to determine the criteria for funded projects. That’s why we need to launch Danantara Monitor,” said Bhima.
During the launch on Wednesday (August 27, 2025), the Danantara Monitor Coalition also hosted a public discussion titled “Danantara: Transparency and Green Industry Investment”, bringing together experts and civil society representatives to discuss the critical importance of accountability in investment management.
Chien Yen Goh, legal advisor and researcher at the Third World Network, said that one key to economic growth and prosperity lies in the green industrial policies adopted by various countries. Green industrial policies related to increasing the export value of low-carbon products, for example, can be implemented by SWFs like Danantara.
“It’s important to really consider optimal strategies at this time. Government investment funds like the Sovereign Wealth Fund (SWF) can be a very strategic intervention point if implemented correctly, responsibly, and accountably,” said Chien Yen Goh.
Meanwhile, ICW found that 24 of the 31 individuals within Danantara’s organizational structure were politically exposed, and seven of them had active political affiliations.
“If you truly want to increase investor confidence and truly walk the talk regarding professionalism and integrity, at the very least, try to disclose data on the political backgrounds of those exposed, as this is a global standard. If you truly want to compete on the global stage, this is the way to go. Not just with lip service,” said Yassar Aulia, advocacy coordinator at ICW.
Both the launch of the Danantara Monitor platform and the public discussion are intended to spark public attention and to push Danantara to live up to its promises. Our Coalition believes that Danantara, with assets valued at US$1 trillion, needs clear guidance on quality investments that impact workers, the country, and the environment. We demand public oversight, a sustainable investment roadmap, and independent accountability from Danantara.
Danantara Monitor is accessible at https://danantaramonitor.org/.
Contact person: Bhima Yudhistira – [email protected]