East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, today launched its inaugural report named East Ventures – Sustainability Report 2022. This report lines out robust progress and a range of initiatives among the firm and its ecosystem in engaging the Environmental, Social, and Governance (ESG) frameworks and practices in achieving a more sustainable and inclusive future.
With more than a decade of experience as an investor, East Ventures has worked with and witnessed hundreds of entrepreneurs who have changed the direction of Southeast Asia’s economy with innovative technologies to reach overall society’s betterment. The firm has also recorded more than US$ 86 billion of annualized Gross Merchandise Value (GMV) and US$ 6.7 billion of follow-on funding, which further strengthens its leading position to provide more impacts and further embark on the progress toward sustainability.
This report summarizes the extensive experience of East Ventures and its ecosystem as well as serves as a playbook that provides a better understanding and guidelines for all the players in moving toward sustainability. East Ventures’ continuous commitment toward sustainable practices has been reflected by strategic initiatives and progress made, including being the first venture capital in Indonesia to sign the Principles of Responsible Investment (PRI) supported by the United Nations (UN),possessing 52% woman employees by merit and 33% woman investing partners, etc. East Ventures’ ecosystem has contributed to 16 SGDs Goals, and 25% of its active portfolio has at least one female founder.
Through this report, East Ventures also announces the establishment of its ESG Leadership Team to manage its responsible and sustainable investment. This robust governance structure has and will continue to articulate responsibilities and oversee ESG compliance, policies, investment processes, and standards within East Ventures. Not only focusing on the betterment of its internal policies, but East Ventures is also constantly promoting the same application across its portfolio and ecosystem.
Source: East Ventures