Indonesia’s strategy to decarbonize its way into a prosperous green economy
With extreme weather conditions such as drought, heatwaves, heavy rains, floods, and landslides occurring worldwide, climate change has become a catastrophe that needs international attention and commitment. Southeast Asia and Indonesia in particular, are not free from this torment – rising sea levels are threatening coastal areas and putting small islands in danger as fish and catch quality is deteriorating, alongside agricultural products and water resources, for instance.
Climate Impact Innovations Challenge awarded SunGreenH2, Hydrogen Refinery, and AC Biode a total of Rp10 billion in grant funding to pilot their solutions in Indonesia
East Ventures and Temasek Foundation are proud to conclude the Climate Impact Innovations Challenge (CIIC) 2024, Indonesia’s largest climate tech innovations competition. This program was a culmination of an inspiring journey that began on 4 March 2024 and was concluded with a Grand Finale on 6 September 2024 held as the thematic session of the prestigious Indonesia International Sustainability Forum (ISF) 2024 at Jakarta Convention Center.
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.”
Learning from MAKA Motors: Building a viable energy transition business in Indonesia
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.
“Finding the G in ESG”: What is good governance according to investors
ntegrating 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.
Join Indonesia’s largest climate tech pitching competition: The Climate Impact Innovations Challenge 2024
One Saturday in October 2023, thick smog blanketed the runways of Soekarno-Hatta International Airport, Jakarta, Indonesia, forcing several inbound flights to be diverted to other airports. The heavy smog was from a massive landfill fire that started the day before and would take days to extinguish after burning through almost the entire landfill. Just weeks earlier, firefighters battled a persistent wildfire that ravaged savanna fields and forests in Mount Bromo for over a week.
East Ventures and Temasek Foundation unveil three new tracks for second edition of Indonesia’s largest climate tech innovations competition – Climate Impact Innovations Challenge 2024
East Ventures, a pioneering and leading sector-agnostic venture capital firm that has supported over 300 tech companies across Southeast Asia, and Temasek Foundation, a Singapore-based non-profit philanthropic organization that supports sustainable development initiatives, are pleased to announce the second edition of the Climate Impact Innovations Challenge (CIIC) 2024, Indonesia's largest climate tech innovations competition.