A Normative Analysis of the Sustainable Investment Principle under Law No. 25 of 2007 in Controlling Industrial Environmental Pollution under Government Regulation No. 22 of 2021

Rion Pratama Harianto

Abstract


This study examines the normative position of sustainable investment under Law Number 25 of 2007 on Investment and its relevance to industrial pollution control under Government Regulation Number 22 of 2021 on the Implementation of Environmental Protection and Management. It employs normative legal research using statutory, conceptual, and legal synchronization approaches. The study finds that sustainable investment has a normative foundation in environmentally sound investment principles, sustainable economic development objectives, corporate social responsibility, and the duty to preserve the environment. Government Regulation 22/2021 operationalizes those norms through environmental approvals, technical approvals, environmental quality standards, waste management, supervision, and administrative sanctions. The two regimes, however, do not yet create a fully measurable sustainable investment standard because Law 25/2007 does not provide environmental indicators for assessing investment quality at the entry stage. Strengthening requires integrating sustainability assessment into business licensing, environmental-cost and pollution-prevention obligations, environmental performance disclosure, and the use of compliance with Government Regulation 22/2021 as a benchmark for industrial investment eligibility and continuity.


Keywords


sustainable investment; investment law; industrial pollution; Government Regulation 22/2021; environmental law

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DOI: https://doi.org/10.5281/zenodo.23265509

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