This brief highlights the potential opportunities for Indonesia to increase the volume of thematic bonds and sukuk issuance to achieve the country's commitment to sustainability and climate agenda. It recommends expanding the range of bond types issued, such as Sustainability Linked and Transition Bonds, and reaping the benefits of issuing bonds and sukuk in local currency. However, there is a need for greater education and awareness-building efforts to showcase the benefits of thematic bonds/sukuk and align market expectations.