The Indonesia Net Zero Summit: Industrial Decarbonization at All Cost, held on 11 November in Bali, opens a new chapter in the country’s journey towards achieving Net Zero Emissions. Across five panel discussions, and with fireside chats as well as breakout sessions in between, the summit put leading industry actors on center stage as they shared invaluable learnings gained from their respective company/organization’s efforts in taking the necessary climate actions. Among these companies was East Ventures, a sector-agnostic venture capital firm who is taking real actions to reduce emissions along and beyond their value chain
East Ventures, the first venture capital in Indonesia that signed Principles for Responsible Investment (PRI), supported by the United Nations, sees an urgency to double down the investment in climate tech in supporting Indonesia and Southeast Asia’s target to reach net-zero emissions. The momentum is manifested in the investment value by private equity and venture capital investors in the region to be sustainability-focused, focusing on startups scaling next-gen solutions. In addressing the climate crisis, East Ventures has a number of portfolio companies in climate tech and will continue to invest in climate tech solutions. The firm sees a lot of opportunity in this sector, with around 13 times cumulative growth in the number of startups founded from 2015 to 2021.
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During the summit, Avina Sugiarto, Partner of East Ventures, spoke during the Fireside Chat session and hosted a breakout session in the form of panel discussion followed by Q&A, closing the agenda with MoU signing with WRI and KADIN Net Zero Hub to advance commitments towards net zero target.
The Indonesia Net Zero Summit 2022 became an opportunity for leading actors and companies in the national net zero movement such as East Ventures to accelerate collective actions in building a low-carbon economy and realizing a climate-resilient Indonesia.