How beauty is changing in 2023
Behind its allure and aesthetic appeal, the beauty industry has proven to be recession-proof in the face of various macroeconomic shocks over the past two decades. The "Lipstick Effect" or "Lipstick Index"– an economic indicator from the beauty category, suggests that during periods of recession or economic hardship, women will indulge in discretionary purchases, splurging on small, affordable luxuries, such as lipstick, that boosts their mood without putting a strain on their finances. Hence, despite a shifting backdrop, our beauty sector outlook remains bullish and we expect it to continue as a bright spot in 2023.
Turning your ideas on climate issues into real impact
Southeast Asia is currently on track to experience a 3°C warming, which goes beyond the target set by the Paris agreement to limit global warming to 1.5°C. This projection has significant ramifications for the worldwide market and the well-being of the Southeast Asian population.
The four tracks of Climate Impact Innovations Challenge
What will the world be like for our children if we fail to limit global warming to below 2°C, preferably to 1.5°C? In the best-case scenario where the globe warms only by 1.5°C, a 10-year-old child in 2020 will experience four fold as many extreme climate events throughout the course of their life compared to a 55-year-old.
East Ventures and Temasek Foundation launched Indonesia’s largest climate tech innovations platform of the year: Climate Impact Innovations Challenge 2023
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 250 tech companies across Southeast Asia, and Temasek Foundation, a Singapore-based non-profit philanthropic organization that supports sustainable development initiatives, launched Climate Impact Innovations Challenge (CIIC), the largest climate tech innovations platform of the year in Indonesia.
The future is green: unlocking Indonesia’s renewable energy potential
Indonesia is rich in natural resources, including coal, which has been the traditional commodity used for energy generation. This blessing also makes transitioning to renewable energy more difficult than countries without such resources. However, the global energy sector has shifted to green energy, and now is the time to unlock Indonesia's renewable energy potential.
A closer look at how East Ventures is driving ESG impact in Southeast Asia
At this year’s Tech in Asia Conference, our annual Startup Arena Pitch Battle returned offline, with four judges and scores of audience members watching six startups battle it out for the top spot. This edition, sponsored by East Ventures, focused on startups addressing environmental, social, and governance (ESG) issues.
Early-stage startups can implement ESG principles, here’s how
This year, sustainable business became a buzzword as more investors and stakeholders asked companies to be more aware of their businesses and implement ESG principles. A common assumption is that sustainability is only suitable for growth-stage companies and large corporations. Moreover, sustainability is often more closely associated with green actions, environmentally friendly products, and other things.
Climate tech investment is a top priority in achieving net zero emissions
Achieving net zero emission globally by 2050 is critical to tackle the climate crisis and help to save our planet for the next generation. Global temperatures have risen 1.1°C since 1901, due to an excess of emissions from burning fossil fuels. Negative effects of climate change are mounting, such as extreme weather patterns and rising sea levels, all of which threaten the entire species of plants, animals, and even the human population.