Sustainability

Ficus Capital (Ficus), a Malaysia-based venture capital firm, have in collaboration with INCEIF University, to launch an environmental social and government Islamic (ESG-i) assessment framework to empower micro, small and medium enterprises (MSMEs) in Malaysia with sustainable practices.

The Innovate UK Global Incubator Program, a collaborative initiative between Singapore Deep Tech Alliance (SDTA), Better Earth Ventures (BEV), and Innovate UK, has returned to Singapore to boost clean tech ventures.

Philippine climate technology startup Humble Sustainability (Humble) has secured additional funding to expand its operations and scale its business. The funding round was led by Asia-focused venture capital firm, Gobi Partners, through the Gobi-Core Philippine Fund (Gobi-Core).

Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Berhad, will be hosting an auction of its first Malaysian carbon credits on 25 July 2024.

Jejakin, an Indonesian-based climate tech provider focusing on carbon management platform, has secured new funding of $2.7 million. Notable corporates include PT ITM Bhinneka Power, along with other significant venture capital firms in Southeast Asia and corporates such as Indogen Capital, SMDV and East Ventures.

MetroElectro, a climate tech startup based in Australia, has secured AUD 1.04 million ($680,000) from Singapore-based climate tech venture builder Wavemaker Impact to develop mid-sized renewable power plants.

Accacia, a decarbonization platform focusing on the real estate and infrastructure sectors, has closed a $6.5 million in a pre-Series A round led by Illuminate Financial, a venture capital firm focused on enterprise fintech companies.

Ecozen, an India-based climate-smart technology solutions firm, announced last Friday that it has raised $30 million in a mix of debt and equity. This infusion of capital includes continued support from Nuveen and other existing equity investors, and new debt support from InCred Credit Fund and the U.S. International Development Finance Corporation (DFC)…

The government of New Zealand has committed $25 million to the Asian Development Bank’s (ADB) Energy Transition Mechanism Partnership Trust Fund (ETMPTF) to support the shift toward clean, sustainable energy in Southeast Asia.

The Monetary Authority of Singapore (MAS) has set aside SGUD 35 million ($25.7 million) in the Financial Sector Development Fund to support upskilling and reskilling, and develop specialists in sustainable finance over the next three years.