ASX-Dividend-Report-Banner

ABC Impact Launches 2023 Impact Review: Building Bridges Of Impact To Empower Over 26 Million People in Asia

March 28, 2024 02:00 PM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
 ABC Impact Launches 2023 Impact Review: Building Bridges Of Impact To Empower Over 26 Million People in Asia
Image source: Kalkine Media
  • Since its inception in 2019, ABC Impact has made significant strides, empowering over 26.9 million people with essential services and reducing CO2 emissions by 1.71 million metric tonnes.
  • Opportunities abound in combating climate change through technology and innovation; in 2023 ABC Impact invested into solutions that tackle global plastic pollution as well as food waste.
  • The firm continues to uphold and advocate industry standards in impact investing in 2023, obtaining the B Corp certification and participating in initiatives such as the 2X Global gender initiative and the ESG Data Convergence Initiative.

SINGAPORE, March 28, 2024 /PRNewswire/ -- ABC Impact, the leading impact private equity firm in Asia, today unveils the fourth edition of our Impact Review – sharing highlights from 2023. This review illustrates our journey in connecting regions, knowledge, and technologies to forge sustainable and impactful changes across the Asia continent.

Tow Heng Tan, chairman of ABC Impact, reflects on the firm's journey: "At ABC Impact, we are driven by the vision of a better tomorrow and the resolve to turn it into reality. Our mission goes beyond mere investments; it's about igniting a movement for lasting impact. As we enter our fifth year of investing, we are embracing the challenges ahead with courage and conviction, recognising that our purpose-driven actions today will shape tomorrow's landscape."

Tracking Our Measurable Impact

From our inaugural fund in 2019, ABC Impact invested in 13 companies across Asia and Europe, and achieved one successful exit. Our portfolio companies across four investment themes – financial and digital inclusion, better health and education, climate and water solutions, and sustainable food and agriculture – have collectively delivered the following impact outcomes for stakeholders:

  • 26.9M people supplied with essential services
  • 2.90M patients provided access to healthcare services
  • 11.96M students provided access to quality education content digitally
  • 47,100 stakeholders benefited from autism therapy services
  • 4.08M individuals & micro-enterprises gained access to financial services
  • 7.92M farmers globally gained access to customised farming advice and information
  • 1.71M metric tonnes of CO2 emissions avoided
  • 57.6B litres of water saved through avoidance of livestock agriculture

Building on the success of our inaugural fund, ABC Impact launched Fund II in August 2023, securing over US$550 million in our first closing. This achievement reflects trust and support from new investors that include a Southeast Asian sovereign wealth fund, as well from existing partners such as Temasek Trust and Temasek. This endorsement also underscores a growing confidence in impact investing returns and in our disciplined and evidence-based investment strategy.

David Heng, CEO of ABC Impact, said, "Our approach goes beyond investment – it's about collaboration, innovation, and resilience. I am privileged to lead a team dedicated to driving positive change across Asia. Together, we navigate the complex landscape of impact investing, leveraging our collective expertise to unlock opportunities and address pressing challenges. With unwavering commitment, we stand ready to forge ahead, building bridges and shaping a brighter, more inclusive future for all."

Combating Climate Change Through Innovation

Our 2023 Impact Review underscores ABC Impact's focus utilising technology to address environmental challenges like plastic pollution and food waste. Our approach involves partnering with companies that offer innovative solutions in these areas.

In the year, we have supported Polymateria, a British firm developing biotransformation technology to help reduce plastic pollution. This technology aims to break down plastics in a way that lessens their environmental impact, providing a potential solution to the ongoing issue of plastic waste.

We also invested in Winnow, which uses AI to manage food waste more effectively. Winnow's system helps commercial kitchens cut down on unnecessary waste by providing insights into their food usage, which can lead to significant reductions in their environmental footprint.

Through these investments, ABC Impact seeks to contribute positively to environmental sustainability by supporting scalable and practical solutions to combat climate waste.

Upholding Standards in Impact Investing

ABC Impact navigates the dynamic landscape of impact investing with a steadfast commitment to transparency and robust impact measurement. Our approach is rooted in a comprehensive system that not only underscores our dedication to sustainable and responsible investing but also steers our decision-making processes.

In 2023, we enhanced our commitment by aligning our impact metrics with international standards and securing B Corp certification, reflecting our ongoing dedication to social and environmental stewardship.

Outlook: Steering Towards a Sustainable Future

ABC Impact is keenly aware of the key trends influencing the impact investing landscape, including the development of sustainable food systems, enhanced biodiversity conservation, efforts to counter greenwashing, the rising significance of private investments in emerging markets, and the increasing trust in the profitability of impact investments.

Our ongoing initiatives, underpinned by these market insights, aim to drive substantial and positive change across the region, aligning with our mission to foster a sustainable and equitable future.

Following the successful launch of ABC Impact Fund II, we are renewed in our commitment to seek solutions from around the world and bring them to Asia to help address the pressing social and environmental issues in this diverse continent. Our goal remains to contribute to a sustainable future by investing in initiatives that can make a significant positive impact in the region.

Follow us on this impactful journey at www.abcimpact.com.sg/impactreview2023.

For queries: [email protected]

About ABC Impact

ABC Impact is an Asia-focused private equity fund dedicated to impact investing. We invest in companies that drive positive change by addressing the world's most pressing challenges such as climate change, resource scarcity, and deepening inequality.

A division of Singapore-based global asset management firm Temasek Trust Asset Management Pte Ltd., ABC Impact's founding investors are Temasek Trust, Temasek, Pavilion Capital, Mapletree Investments, Seatown Holdings, SP Group, and Sembcorp Industries.

We are a signatory of the Operating Principles for Impact Management and the United Nations-supported Principles for Responsible Investment.

For more information, please visit www.abcimpact.com.sg.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.