Indonesia stands at a critical juncture in the fight against climate change, ranking among the world’s top contributors to greenhouse gas (GHG) emissions. This environmental challenge is compounded by the observation that Indonesian businesses, irrespective of their size, have historically shown inertia in addressing their emission contributions. Recognizing the urgency to pivot towards a more sustainable economic model, a collaborative initiative aims to catalyze change within the Indonesian business landscape.
A Strategic Collaboration for Environmental Accountability
In an unprecedented move, East Ventures, a prominent venture capital firm, has partnered with Kadin Indonesia (the Indonesian Chamber of Commerce and Industry) and the environmental research organization WRI Indonesia to introduce Ecovisea. This initiative is not merely a tool but a beacon for environmental stewardship, offering a free global GHG calculator designed specifically for the Indonesian business community.
Ecovisea emerges as a critical solution, facilitating businesses in quantifying their carbon footprint across three key domains: direct emissions from owned or controlled sources, indirect emissions from the consumption of purchased energy, and all other indirect emissions that occur in a company’s value chain. The platform leverages emission factor data provided by Climatiq, a renowned carbon calculation platform, ensuring accuracy and relevance in its assessments.
Table 1: Ecovisea’s Three Domains of Emission Calculation
|Emissions from company-owned or controlled sources.
|Indirect Emissions (Energy)
|Emissions from the consumption of purchased energy.
|Indirect Emissions (Value Chain)
|Emissions that occur in a company’s value chain, excluding energy.
Empowering Businesses with Data-Driven Insights
The process to engage with Ecovisea is streamlined to encourage maximum participation. Companies looking to assess their emissions profile can easily register and undergo a verification process. Upon completion, they are granted the ability to upload relevant operational data to the platform, which then processes this information to provide real-time insights into their GHG emissions.
This innovative approach democratizes access to carbon accounting, enabling businesses of all sizes to:
- Visualize their emission sources comprehensively.
- Identify and prioritize reduction strategies effectively.
- Align their operations with the global mandate to limit temperature rise to 1.5 degrees Celsius by 2050, as stipulated by the Paris Agreement.
Championing Sustainability Through Innovation
Avina Sugiarto, a partner at East Ventures, highlights the transformative potential of Ecovisea, stating, “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.” This sentiment underscores the pivotal role of technology and innovation in advancing environmental sustainability.
East Ventures’ commitment to environmental, social, and governance (ESG) principles has become increasingly pronounced. The firm adheres to a stringent exclusion list for its investments, emphasizing its dedication to fostering a sustainable future. Moreover, the establishment of a dedicated ESG team signifies a strategic focus on integrating sustainability into the core of its investment philosophy.
Strengthening Commitments at the Indonesia Net-Zero Summit 2022
The collaboration between East Ventures, Kadin Indonesia, and WRI Indonesia was formalized through a memorandum of understanding signed at the Indonesia Net-Zero Summit 2022. This partnership not only marks a significant milestone in Indonesia’s journey towards sustainability but also sets a precedent for the role of public-private collaborations in addressing global environmental challenges.
Bullet Points: Key Highlights of Ecovisea
- Free Access: Ecovisea is offered as a free tool for Indonesian businesses, removing financial barriers to environmental accountability.
- Comprehensive Emission Assessment: The platform evaluates emissions across three critical domains, enabling a holistic understanding of a company’s carbon footprint.
- Real-Time Insights: Registered companies can upload data to receive immediate feedback on their GHG emissions, facilitating prompt action.
- Strategic Partnerships: The collaboration between East Ventures, Kadin Indonesia, and WRI Indonesia exemplifies the synergy between venture capital, industry associations, and research institutions in promoting sustainability.
- Alignment with Global Goals: Ecovisea supports businesses in contributing to the Paris Agreement’s objective of limiting global warming to 1.5 degrees Celsius by 2050.
Looking Ahead: A Sustainable Future for Indonesia
The launch of Ecovisea represents a significant step forward in Indonesia’s fight against climate change. By providing businesses with the tools necessary to measure and manage their GHG emissions, Ecovisea not only fosters a culture of accountability but also encourages proactive engagement in global sustainability efforts.
As Indonesia continues to navigate its path towards a greener economy, initiatives like Ecovisea play a crucial role in aligning the nation’s industrial activities with environmental imperatives. The collective efforts of the government, private sector, and civil society are essential to transform Indonesia into a leading example of sustainable development in action.
The journey towards a sustainable future is fraught with challenges, but with innovative solutions like Ecovisea and the collaborative spirit of key stakeholders, Indonesia is well-positioned to make significant strides in reducing its carbon footprint. The success of such initiatives will not only benefit Indonesia but also contribute to the global endeavor to combat climate change, underscoring the importance of collective action and shared responsibility in achieving a more sustainable and equitable world.
Featured Image courtesy of DALL-E by ChatGPT