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. 

“Sustainability has always been part of East Ventures’ DNA. We prioritize more than just delivering strong financial returns. Our mission includes making a meaningful and lasting impact in our society. As we celebrate East Ventures’ 15th year, this commitment grows even stronger. East Ventures Sustainability Report 2024 serves as a testament and critical tool for the realization of our vision; not only showcasing our current efforts towards environmental sustainability, diversity, and community empowerment but also charting the path forward for our firm and the entire ecosystem,” said Willson Cuaca, Co-Founder and Managing Partner at East Ventures.

This annual report showcases East Ventures’ commitment to providing transparent and accountable reporting of sustainability-related topics on an annual basis. This report is guided by the Global Reporting Initiative (GRI) Standards, Sustainability Accounting Standards Board (SASB) framework, and Task Force for Climate-related Financial Disclosures (TCFD) framework. In addition, the East Ventures Sustainability Report 2024 outlines the firm’s sustainability strategy and achievements within the year’s operational environment, providing a comprehensive overview of East Ventures’ commitment to sustainability and efforts to address ESG issues.

Some highlights from this year’s report: 

• Impacts created through the investment: As a sustainable investor, East Ventures continues to invest in high-quality founders and maintains a prudent approach that contributes to achieving the sustainable impact goal. With its sector-agnostic investment approach, East Ventures’ portfolio companies span multiple sectors, which have resulted in critical solutions to drive impact across 16 out of 17 Sustainable Development Goals (SDGs). 
• Impacts led by East Ventures: East Ventures continues to drive initiatives and collaborate with stakeholders to drive positive impacts. This includes recent initiatives such as the Climate Impact Innovations Challenge, ECOVISEA, the free web-based greenhouse gas calculator, the East Ventures South Korea fund, East Ventures’ involvement in the ASEAN Business Entity Hub, and empowerment of the ecosystem. 
• Impacts in the workplace: East Ventures aims to foster a culture that encourages an inclusive and supportive environment for all employees. This relates to diversity and inclusion, growth opportunities, business ethics, and risk management. East Ventures boasts a strong representation of women across its team: 55% of team members, 56,25% of senior leaders, and 40% of investing partners. It also transcends to its ecosystem, where 25% of East Ventures’ active portfolio companies consist of female-founded or co-founded businesses.

“We are honored to present the third East Ventures Sustainability Report. We pride ourselves on disclosing our commitment and impacts that focus on our sustainable investment strategy of Doing Good and Avoiding Harm. We believe ESG integration will enhance resilience and competitiveness, and this report also serves as part of our assessment of our long-term success. We will continue our pursuit of continuous improvement and remain committed to building a more sustainable future for all,” said Avina Sugiarto, Partner at East Ventures.

The English version of East Ventures Sustainability Report 2024 can be downloaded at east.vc/sustainability-report. The Indonesian version will be released soon.