East Ventures and The Indonesian Chamber of Commerce and Industry (Kadin Indonesia), launched ECOVISEA, which stands for Emission Calculator & Visualization Southeast Asia. Collaborating with WRI Indonesia as a knowledge partner, ECOVISEA acts as a free web-based global greenhouse gas (GHG) calculator that helps companies calculate and measure their environmental impact.
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This initiative is one of the outputs from the Memorandum of Understanding between East Ventures, Kadin Indonesia (through its program: Kadin Net Zero Hub), and WRI Indonesia in advancing commitment towards net-zero targets. The MoU was signed on 11 November 2022 at the East Ventures’ breakout session of the Indonesia Net Zero Summit 2022, a sideline event of B20 Indonesia.
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The fundamental step is to have the companies calculate their emissions to measure their environmental impact; therefore, they will be able to reduce environmental impact or make informed decisions towards their sustainability targets. Despite the importance of calculating GHG emissions, many companies in Indonesia, from large & micro, small, and medium-sized enterprises (MSMEs) to startups, have not yet calculated their carbon footprints. This is primarily due to a lack of access to GHG accounting skills and knowledge.
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Recognizing this gap, East Ventures and Kadin Indonesia, with guidance from WRI Indonesia, launched this innovative tool and invited businesses in any industry nationwide to accurately measure, manage, and reduce their emissions, facilitating the transition to a low-carbon economy. For the current version, ECOVISEA can support the companies in calculating Scope 1, Scope 2, and some parts of Scope 3. The full version is expected to be fully launched in the first half of 2024.
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“Kadin Indonesia, in collaboration with East Ventures and WRI Indonesia, enthusiastically announces the launch of ECOVISEA, a free web-based greenhouse gas calculator. This initiative reflects our commitment through Kadin Net Zero Hub to assist national companies in transitioning towards becoming Net Zero Companies. ECOVISEA provides an essential tool for Indonesian companies to track and reduce their greenhouse gas emissions. We are confident that ECOVISEA will play a pivotal role in enabling national companies to collectively achieve the government’s targets for reducing greenhouse gas emissions and reaching Net Zero Emission by 2060,” said Shinta W. Kamdani, Coordinating Vice Chairwoman for Maritime, Investment, and Foreign Affairs of Kadin Indonesia.
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“Sustainability has been part of East Ventures’ DNA since its inception. We are delighted to introduce ECOVISEA, a free web-based GHG measurement tool designed for businesses and MSMEs across Indonesia and Southeast Asia. Launched in partnership with KADIN Indonesia and WRI Indonesia, ECOVISEA stands as a testament to collaborative efforts in harnessing digital technology, industry-specific expertise, and on-the-ground insights. This innovative tool streamlines the previously manual carbon calculation process and empowers businesses to visualize sources of GHG emissions to better identify emission reduction strategies. Together, we’re excited to pave the way for a sustainable future, leveraging the power of technology and actively contributing to the Government’s net zero vision,” said Avina Sugiarto, Partner at East Ventures.
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About East Ventures
Founded in 2009, East Ventures is a pioneering and leading sector-agnostic venture capital firm. Founded in 2009, East Ventures has transformed into a holistic platform that provides multi-stage investment, from Seed to Growth stage investments, for over 300 tech companies across Southeast Asia.
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