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KADIN INDONESIA

Indonesian Chamber of Commerce and Industry

KADIN INDONESIA

Indonesian Chamber of Commerce and Industry

East Ventures and Kadin Indonesia launch ECOVISEA, a free web-based greenhouse gas calculator

East Ventures and the Indonesian Chamber of Commerce and Industry (Kadin Indonesia), today launched ECOVISEA, which stands for Emission Calculator & Visualisation Southeast Asia. Collaborating with WRI Indonesia as knowledge partner, ECOVISEA is a web-based global greenhouse gas (GHG) emission calculator that can be used for free by companies to calculate and measure their environmental impacts.

This initiative is one of the results of the collaboration between East Ventures, Kadin Indonesia (through the Kadin Net Zero Hub programme), and WRI Indonesia in advancing the commitment towards a net zero emissions target through the signing of a Memorandum of Understanding (MoU) The MoU was signed on 11 November 2022 at East Ventures' breakout session at the Indonesia Net Zero Summit 2022, which was a sideline event of B20 Indonesia.

Indonesia is one of the top 10 emitting countries with ~1.48 GtCO2e (gigatonnes of carbon dioxide equivalent) contribution to GHG emissions annually. Therefore, extra efforts are needed to ensure progressive progress in achieving the Paris Agreement target of limiting global temperature rise to 1.5 degrees Celsius by 2050.

Accounting for emissions by companies in relation to their environmental impacts is a crucial and fundamental step. By doing so, they can reduce their environmental impacts or make the right decisions to achieve sustainability targets. Despite the crucial nature of GHG emissions accounting, many companies in Indonesia, ranging from large, micro, small and medium enterprises (MSMEs) to startups, have not calculated their carbon footprint. This is generally due to a lack of access to knowledge and expertise in calculating GHG emissions.

Recognising this issue, East Ventures and Kadin Indonesia, with guidance from WRI Indonesia, present this innovative platform and encourage businesses in any industry to accurately measure, manage and reduce their emissions, thereby facilitating the transition to a low-carbon economy.

"Kadin Indonesia, in collaboration with East Ventures and WRI Indonesia is excited to announce the launch of ECOVISEA, a web-based greenhouse gas emissions calculator that can be accessed for free. This initiative reflects our commitment through the Kadin Net Zero Hub to assist national companies in transitioning to a Net Zero Company. ECOVISEA is an essential platform for Indonesian companies to measure and reduce their greenhouse gas emissions. We are confident that ECOVISEA will play an important role in enabling national companies to collectively achieve the government's target to reduce greenhouse gas emissions and achieve Net Zero Emissions by 2060," said Shinta W. Kamdani, Vice Chairperson for Maritime Affairs, Investment and Foreign Affairs of Kadin Indonesia.

"Sustainability has been part of East Ventures' DNA since its inception. We are pleased to introduce ECOVISEA, a free, web-based GHG calculator designed for businesses and MSMEs across Indonesia and Southeast Asia. Launched as a result of a true collaboration with KADIN Indonesia and WRI Indonesia, ECOVISEA is a testament to collaborative efforts in utilising digital technology, industry-specific expertise, and field insights. The innovative platform simplifies the previously manual carbon calculation process while empowering businesses to visualise their GHG emission sources. Users can ultimately better identify emission reduction strategies. Together, we are excited to pave the way to a sustainable future, harness the power of technology, and actively contribute to the government's net zero vision," said Avina Sugiarto, Partner at East Ventures.

ECOVISEA is designed to calculate emissions produced by companies based on three scopes, including:
Scope 1: Direct emissions from sources owned or controlled by the company, such as stationary combustion, fugitive emissions, mobile combustion, process emissions, etc.
Scope 2: Indirect emissions from the generation of purchased energy, such as purchased electricity, heat or steam, etc.
Scope 3: All other indirect emissions from the company's value chain, both upstream and downstream.

The emission factor data used in ECOVISEA is provided by Climatiq, a carbon accounting engine, which is globally standardised and compliant with the GHG Protocol and ISO 14067.

Companies can visit ecovisea.com to register for an account. Once the company is verified and registered, users will be directed with step-by-step instructions to upload their data into the company account dashboard. Once the data is filled in, the company will get real-time calculation results or reports presented in the format of data sets and visualisations. The report includes several key pieces of information, including emission counts with data breakdowns and time trend analyses. In addition, companies can easily save drafts and update data at any stage of the process, giving users the flexibility to make necessary adjustments as needed.

For the current version, ECOVISEA can support companies in calculating Scope 1, Scope 2, and some parts of Scope 3. The full version will be launched in the first half of 2024.

Nirarta Samadhi, Country Director of WRI Indonesia, said, "We believe that democratising knowledge on accurate emissions accounting can make a significant contribution to Indonesia's industrial decarbonisation efforts. Therefore, it is crucial to simplify the data input process to help companies overcome the challenge of estimating their emissions precisely as data presentation and data entry procedures are often complicated. As WRI Indonesia focuses on science-based industrial decarbonisation, we are pleased to contribute to the development of ECOVISEA by providing methodological guidance and ensuring the tool is compliant with the GHG Protocol."

ECOVISEA prioritises the privacy policy of company data uploaded into the platform; it will only be used to calculate company GHG emissions. The platform will temporarily store user-uploaded data for dashboard creation as a result of calculating the company's GHG emissions. ECOVISEA is also integrated with a data privacy system, which limits the authority to access, enter, and change company data only to accounts registered using the company's email domain.

For more information, please visit ecovisea.com.

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KADIN INDONESIA

Indonesian Chamber of Commerce and Industry