The new focus of East Ventures in the ESG-based sector has elevated the number of the firm’s investment activities up to 105 deals throughout 2022.
Heaptalk, Jakarta — An agnostic-sector Venture Capital firm, East Ventures, released the East Ventures Sustainability Report 2023 which summarizes its achievements in implementing ESG, including impactful investing and the effect on the workplace.
Based on its report, women occupy around 52% of of the total spots in its team, while 33% of them serve as the investing partners. Moreover, 52% of East Ventures’s portfolio was led by women. This measure is expected to strengthen women empowerment in the future.
East Ventures’ Co-Founder and Managing Partner, Willson Cuaca, stated, “The second East Ventures Sustainability Report aligns with East Ventures’ mission to deliver a robust financial return and generate a meaningful and lasting impact on the environment and society. By adhering to the ESG standards, we believe we can maximize the impact creation of our investment and initiatives. We enable high-potential companies to grow sustainable market propositions, empowering a more inclusive society and the region’s economy to prosper,”
On the other hand, East Ventures has injected ESG-based startups into diverse mobility, renewable energy, and energy efficiency solutions. The Partner at East Ventures, Avina Sugiarto, also affirmed that the company continues to hunt for startups in carbon solutions, food, and agriculture industry to be invested in.
“It is our great pleasure to launch the second East Ventures Sustainability Report 2023 and to highlight how our commitment and impact have grown steadily since our first sustainability report released last year. We take pride in our achievements and committed to creating more positive impacts based on our sustainability investment strategy focusing on doing good and avoiding harm. We believe this report shows our determination to drive more positive change, create lasting value, and contribute to a better society,” added Avina.
The new sector has amplified East Ventures’s Asset Management (AUM) to about US$1.5 billion (around Rp22 trillion), with the number of investment activities up to 105 deals throughout 2022, enhancing 31% compared to the former achievement. Meanwhile, the firm’s Annualized Gross Merchandise Value has attained over US123 billion, growing 43% with a follow-on funding value of up to US$7.3 billion.
