Jessica Cheam, founder Eco-Business
Eco-business, a Singapore-headquartered media company focussed on Asia’s sustainable development, has raised an undisclosed amount of investment from private equity firm Tembusu Partners.
As per a statement, Tembusu and Eco-business will partner to scale the latter’s environment, social and governance (ESG) activities across Asia Pacific.
Founded in 2009, Eco-Business is an independent media and business intelligence company that publishes news and opinions in multimedia formats on business and policy developments around the world with a sustainability and ESG-focused lens.
Aside from this, it also acts as a platform for individuals and organisations to publish jobs, events, press release and research.
Eco-Business syndicates its content to various information providers such as Dow Jones’s Factiva, in addition to providing research, consulting and training for government and private sector organisations.
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As part of this deal, Eco-business founder and managing director Jessica Cheam and executive director Junice Yeo will join the Tembusu team as ESG advisors.
“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,” said Cheam.
According to consulting firm Deloitte, ESG assets are estimated to grow at a 16 per cent compound annual growth rate (CAGR), totalling almost US$35 trillion by 2025.
Cheam believes that after the world recovers from the pandemic eco-businesses will largely help organisations navigate the new landscape and tie recovery policies to more positive sustainable development outcomes.
Eco-business has a presence in Manila, Beijing, Zurich, New York, and more.
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Image Credit: Image taken from the company’s Facebook Page
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