A startup’s guide to implementing ESG
‘The furnaces of the world are burning about 2,000,000,000 tons of coal a year. When this is burned, uniting with oxygen, it adds about 7,000,000,000 tons of carbon dioxide to the atmosphere yearly. This tends to make the air a more effective blanket for the earth and to raise its temperature. The effect may be considerable in a few centuries.’ This is a newspaper excerpt from 1912, which warns about the consequences of unchecked growth. Global concern about the survival of future generations and the planet continued to mount until 1987, when the United Nations defined sustainability – "meeting the needs of the present without compromising the ability of future generations to meet their own needs.”
Runchise, a restaurant management and culinary franchise startup, raises new funding of US$1 million, co-led by East Ventures and Genesia Ventures
Runchise, an Indonesia-based restaurant management and culinary franchise startup, today announced that it has raised new funding of US$1 million from the existing investors East Ventures and Genesia Ventures. With this new funding, the firm’s main focus remains on technological advancement and innovation to enhance restaurants’ profitability.
4 Tips to build a strong company culture that lasts
If an average adult works eight hours a day, five days a week, they will spend roughly a third of their lifetime, totaling 90,000 hours, at their workplace. With offices reopening post-pandemic, companies aim not only to fill seats but also to bring back company culture, which has taken a backseat for many throughout the remote-working era. During this time, workers’ attitudes and priorities have shifted, and how companies approach culture, human resources, and teamwork is entirely different than just a few years ago.
MAKA Motors: Building a viable energy transition business through electric vehicle
With rapid urbanization and economic growth in Southeast Asia (SEA), the demand for energy transition is surging. This steers the region toward renewable energy sources, as countries look to diversify their energy mix and reduce their reliance on fossil fuels and their price volatility, ultimately cutting their carbon emissions.
East Ventures launches its annual Sustainability Report 2024
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia and Southeast Asia, today launched its annual report, East Ventures Sustainability Report 2024. This report demonstrates East Ventures’ continuous efforts and progress in integrating Environmental, Social, and Governance (ESG) frameworks in its operations and across its ecosystem, in generating positive impacts for the betterment of society.
PathGen raises funding from East Ventures and Royal Group Indonesia, making early disease detection and precision medicine more accessible
PathGen or PathGen Diagnostik Teknologi, an Indonesia-based healthcare biotechnology startup specializing in molecular testing solutions, has raised funding from East Ventures and Royal Group Indonesia
Good governance in ESG according to investors
Integrating Environmental, Social, and Governance (ESG) principles into business practices is crucial. However, the "G" or Governance aspect, often overlooked, is equally vital. To understand why good governance is essential, startups and companies must first prioritize it. Aghnia Dima, an ESG Specialist at East Ventures, shared her insights as an investor with Jessica Novia, Chief of Impact from CarbonEthics, in a discussion moderated by Atika Benedikta, Investment Director at ANGIN, at the Ninja Demo Day, part of Ninja Accelerator Program 2023.
Shariah investment landscape in Southeast Asia
While Southeast Asia houses a massive Muslim population, many of them struggle to find investment options that align with their faith. Sharia investment, which adheres to Islamic principles, is emerging as a powerful solution.