East Ventures co-launches emissions calculator for Indonesian companies

Photo Credit: East Ventures

Indonesia is one of the top greenhouse gas (GHG) emitters globally, but the country’s businesses, both large and small, lag in addressing emissions.

To tackle this, East Ventures has teamed up with Kadin Indonesia – the country’s chamber of commerce and industry – as well as research firm WRI Indonesia to launch Ecovisea, a free global GHG calculator for businesses in Indonesia.

Ecovisea gauges emissions in three domains: emissions from company-owned sources, those from purchased energy, and indirect emissions from other parts of a company’s value chain. It uses emission factor information from Climatiq, a carbon calculation platform.

Once a company is verified and registered on Ecovisea, it can upload certain data and then gain real-time access to the results. By doing so, companies can contribute toward the Paris Agreement’s goal of capping global temperature increases at 1.5 degrees Celsius by 2050.

“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,” says Avina Sugiarto, partner at East Ventures.

ESG has taken an increasingly important role at East Ventures. The firm previously said it follows a “strict” exclusion list for investments, while setting up a dedicated ESG team.

Meanwhile, Ecovisea is one result of a memorandum of understanding signed by East Ventures, Kadin, and WRI Indonesia at the Indonesia Net-Zero Summit 2022.

See also: SEA’s climate tech landscape: Energy solutions are making it rain