Orange Forum 2025: Transforming Dialogue into Action to Mobilize Orange Capital to Close SDG Financing Gap
Jakarta, November 17, 2025 – With trillions of dollars needed to achieve the Sustainable Development Goals (SDGs), and women and marginalized groups in the Global South continue to face systemic barriers to capital, Orange Forum 2025 convened over 300 institutional investors, policymakers, and civil society leaders to set pathways to scale Orange Capital solutions globally. Through dialogues on Global South leadership, policy frameworks, innovative instruments, and data-driven impact measurement, participants laid the groundwork to achieve the Orange Movement™’s mission to mobilize US$10 billion by 2030 to empower 100 million women, girls, and gender minorities, accelerating progress toward closing the SDG financing gap. The discussions also amplified Indonesia’s leadership role in the Orange Movement. The Orange Forum 2025 was initiated by Impact Investment Exchange (IIX), in partnership with the Indonesia Stock Exchange (IDX), the Indonesian Ministry of National Development Planning (Bappenas), and the Australian Department of Foreign Affairs and Trade (DFAT). The forum marked a decisive shift from fragmented, grant-based approaches to economic development to market-led, ecosystem-wide solutions. As the SDG financing gap balloons into the trillions, leaders from across the Global South gathered at the Forum to advance climate-smart, gender-equal finance that unlocks private capital at scale. The forum’s highlights included a bell-ringing ceremony, a formal celebration of PT Permodalan Nasional Madani’s (PNM) Orange Bond and Orange Sukuk issuances, valued at around US$980 million. This establishes Indonesia as a global leader in issuing the world’s largest Orange Bond and first Orange Sukuk, designed to empower 15.7 million women entrepreneurs. Orange Capital—encompassing Orange Bonds™, Orange Sukuk™, loans, and guarantees—is a cross-cutting asset class at the nexus of gender equity and climate action. Operating under the Orange Bond Principles™, which require measuring, reporting, and verifying impact with women at the last mile, it represents the gold standard addressing impact-washing in sustainable finance. Over 10 Orange Bonds have catalyzed US$1.4 billion across Bangladesh, India, Indonesia, the Philippines, Japan, Sri Lanka, the US, Vietnam, and beyond. “The Orange Movement™ is proving that market-led solutions can help close the SDG financing gap,” said Prof. Durreen Shahnaz, Founder and CEO of IIX. “By recognizing women as multipliers, we show how building inclusive capital markets achieves true climate justice, a just transition, and equitable economic growth.” she added. Leonardo Teguh Sambodo, Deputy Minister of Food, Natural Resources, and Environment, Kementerian PPN/Bappenas, emphasized, “Orange Bonds transcend traditional sustainable bonds. Unlike conventional green bonds focusing primarily on environmental outcomes, Orange Bonds uniquely address the intersection of social and environmental impact while enhancing transparency. We see this as a powerful mechanism to accelerate global SDG progress and strengthen the Global South’s leadership in sustainable finance. Indonesia’s leadership—with 62% of SDG indicators on track and more than US$10 billion channeled through thematic bonds and sukuk—demonstrates what’s possible when we place women and underserved communities at the center as equal partners,” I Gede Nyoman Yetna, Listing Director of IDX, stated, “Orange Forum 2025 demonstrates the power of the Orange Movement and Indonesia’s role in global sustainable finance. The Forum also reflects IDX’s commitment to equip capital market participants to lead climate-smart and gender-lens investments, building a new generation of investors who see equality as an engine of growth.” Unlike traditional conferences, Orange Forum 2025 served as an action platform, convening institutional investors, policymakers, regulators, multilateral institutions, enterprises, civil society, and data specialists to co-create solutions. This ecosystem approach addresses regulatory frameworks, market infrastructure, legal institutions, data systems, and capital mobilization simultaneously. Orange Forum 2025 positions the Orange Movement™, with Indonesia among the leaders and catalyst, at the forefront of transforming global sustainable finance. By uniting governments, investors, and communities through innovative finance and ecosystem-wide collaboration, the forum proves that when women and marginalized communities are empowered as equal partners, entire economies grow stronger and more resilient to future shocks.