Singapore-based private equity firm Tembusu Partners and Eco-Business, a leading sustainability media organisation in Asia Pacific (APAC) have announced their partnership on Jan 28, where both entities will scale up their environmental, social and governance (ESG) initiatives.
Eco-Business is an independent media and business intelligence company that covers business and policy developments with a sustainability- and ESG-focused angle.
Tembusu Partners has taken an equity stake in Eco-Business and will be supporting the latter in expanding its ESG activities around the region.
According to consulting firm Deloitte, ESG assets are estimated to grow at a 16% compound annual growth rate (CAGR) that’ll total almost US$35 trillion ($46.67 trillion) by 2025.
“Covid-19 has highlighted that crucial relationship between humanity and our natural world. For far too long, people and ecosystems have been exploited to the detriment of the long-term resilience of our global society. ESG has moved from a fringe issue into the mainstream and governments and companies must urgently look at it,” says Jessica Cheam, founder and managing director of Eco-Business.
“We are excited to be partnering Tembusu on the next phase of the journey. As we continue our expansion in Asia Pacific, we will continue to be guided by the sole objective of generating positive impact for society and the environment,” she adds.
Through the partnership, Cheam and Eco-Business’ executive director Junice Yeo, will join the Tembusu team as ESG advisors.
“ESG initiatives are no longer perceived as a cost centre but rather, as a competitive advantage. We are pleased to partner Jessica and the Eco-Business team to leverage on their expertise to further strengthen Tembusu’s capability in this space,” says Andy Lim, founder and chairman of Tembusu Partners.
“We warmly welcome Jessica Cheam and Junice Yeo as ESG venture partners of Singapore and China respectively,” he adds.
Separately, Daniel Lin, the co-founder and CEO of Funded Here, a Singapore equity-based crowdfunding platform, has joined the board of Eco-Business.
He will be providing the team with guidance on marrying the worlds of finance and sustainability.
