The world is undergoing rapid transformation—socially, economically, and environmentally. In response to these shifts and the need to protect its cultural and natural heritage, the Indonesian government introduced the New Era Bali Kerthi Economic Roadmap. This national strategy aims to guide Bali’s transition by prioritizing key sectors such as health and wellness, the knowledge and digital economy, green and blue industries, sustainable and blended finance, integrated infrastructure, and high-quality tourism.

To explore how this framework can be meaningfully integrated into existing systems, a dialogue is needed. On 20 June 2025, the Tri Hita Karana Forum and the G20 Bali Global Blended Finance Alliance co-hosted a high-level dialogue titled: “New Era Bali Kerthi Roadmap: Quantum AI, Innovation and Blended Finance for Better Business, Better World,” held at the United In Diversity Indonesia Bali Campus, located in Kura Kura Bali Special Economic Zone (SEZ).

Gathering over 180 participants, both in person and online, the event brought together policymakers, business leaders, investors, philanthropists, NGOs, academics, and thought leaders from across the region. Discussions were structured around four thematic priorities, each delving into innovative and actionable strategies.

Senang Eco, with our respected collaborators Pantro Pander Silitonga Mari Elka Pangestu Desmond Teo Spencer Hsu Hendra Godjali 𝗖𝗵𝗮𝗿𝗹𝗶𝗲 𝗛𝗮𝗿𝘁𝗼𝗻𝗼 Trang Nguyen Celina Agaton Richard Jeo Saurabh Gaidhani Fajar Anugerah Arfinandi F. Muhammad Rayhan Alghifari Laurence Smith (FCIPD), was honored to contribute to the breakout workshop on “G20 Bali Global Blended Finance Alliance and Family Offices – Unlocking Sustainable Investment.” The session unpacked key challenges and opportunities in aligning family office capital with Indonesia’s sustainable investment goals.

Key Takeaways:

Indonesia’s Financial Vision:

• Development of financial centers through SEZs to attract sustainable investment.

• SEZs provide legal certainty, tax and immigration incentives, and high-quality infrastructure—creating a favorable environment for family offices.

Family Offices Investment Models:

• Family Offices can operate through Special Purpose Vehicles (SPVs), Trust Funds, or hybrid models.

• These vehicles offer tax benefits, including non-taxable incoming funds and capital gains exemptions.

Sustainable Investment Opportunities:

• Priority sectors: renewable energy, health, culture, nature, and High-Quality Sustainable Tourism (HQST) in marine-rich areas.

• Highlighted the economic and ecological potential of tropical seaweed.

Challenges in the Investment Landscape:

• Perception of Indonesia as high-risk, weak infrastructure, lack of data, and rule of law uncertainty.

• Urgent need for a local data economy model to guide and monitor investments using free, open-source tools and geospatial indicators.

Three Key Pillars to Attract Family Offices to Bali:

1. Capital safety

2. Clear legal framework

3. Promising investment opportunities

Blended Finance Insights (OECD):

• Aggregating family office capital into larger, impactful investments is crucial.

• Blended finance structures with first-loss tranches can help de-risk investment and mobilize more private capital into sustainable development initiatives.

This dialogue marks a vital step in aligning innovative financing with Indonesia’s sustainable future, where policy, capital, and purpose meet to shape a better Bali and beyond. As the conversation continues, we remain committed to co-creating solutions that make sustainable investment not just possible, but powerful—for people, planet, and prosperity.