Key insights and market outlook
The Orange Forum 2025 brought together over 300 institutional investors, policymakers, and civil society leaders to address the SDG funding gap through Orange Capital solutions. The event featured the launch of PT Permodalan Nasional Madani (PNM)'s Orange Bonds and Orange Sukuks worth approximately $980 million, empowering 15.7 million female entrepreneurs. This initiative demonstrates Indonesia's leadership in gender-equal and climate-smart finance through innovative financial instruments.
The Orange Forum 2025 brought together over 300 institutional investors, policymakers, and civil society leaders to establish pathways for scaling Orange Capital solutions globally. This initiative aims to address the significant SDG funding gap through innovative financial instruments that combine gender equality and climate action.
Orange Capital, which includes Orange Bonds, Orange Sukuks, loans, and guarantees, operates on the principles of measuring, reporting, and verifying gender impact at the outcome level. This approach represents a gold standard in addressing the risk of greenwashing in sustainable finance. To date, over 10 Orange Bonds have catalyzed $1.4 billion across multiple countries including Bangladesh, India, Philippines, Japan, Sri Lanka, US, and Vietnam.
Prof. Durreen Shahnaz, Founder and CEO of Impact Investment Exchange (IIX), emphasized that Orange Movement proves market-based solutions can help close the SDG financing gap. Leonardo Teguh Sambodo, Deputy Minister for Food, Natural Resources, and Environment at the Ministry of National Development Planning/Bappenas, highlighted that Orange Bonds go beyond traditional green bonds by uniquely addressing both social and environmental impact while enhancing transparency. I Gede Nyoman Yetna, Director of Listing at Indonesia Stock Exchange (BEI), noted that the forum demonstrated Indonesia's commitment to leading climate-smart and gender-aware investments.
Unlike traditional conferences, Orange Forum 2025 served as an action platform that brought together institutional investors, policymakers, regulators, multilateral agencies, corporations, civil society, and data specialists to co-create solutions. This ecosystem approach simultaneously addressed regulatory frameworks, market infrastructure, legal institutions, data systems, and capital mobilization. The forum positioned Orange Movement, with Indonesia as one of its leaders, at the forefront of global sustainable finance transformation. By uniting governments, investors, and civil society through innovative finance and whole-ecosystem collaboration, the forum demonstrated that when women and marginalized communities are empowered as equal partners, entire economies become stronger and more resilient to future shocks.
Orange Bonds Launch
Orange Sukuks Issuance
SDG Funding Initiative