OUR ESG VISION AND MISSION

As stewards of this planet, we have the responsibility to preserve the planet for generations to come. We see venture capital as a tremendous force for good and an opportunity to inspire sustainable actions and solutions across our portfolio companies.

We invest in the most talented, diverse entrepreneurs who create the greatest social value for underserved markets. Through a strong ESG foundation, these companies not only positively transform ecosystems but are also resilient and deliver positive returns to our investors.

Integrating good ESG practices into the strategy and operations of early-stage startups is fundamental for a company’s sustainable growth. Companies with good ESG principles not only see better employee retention, but also enhance their value to customers, stakeholders and investors.

As private equity and later-stage venture capital funds around the world are increasingly screening for ESG factors as part of their investment process, becoming ESG compliant will become more important to early and growth stage start-ups in competing for and accessing capital.

 

FRAMEWORK

As a participant of the United Nations Global Compact (UNGC) and a signatory of the Women’s Empowerment Principles (WEPs) by UN Women, we use key international sustainability standards for our ESG framework from the UNGC, Global Reporting Initiative (GRI), International Labor Organization (ILO) Multinational Enterprises (MNE) Declaration and United Nations Universal Declaration of Human Rights (UDHR).

 

Gobi’s ESG framework ensures our investments remain socially responsible and are consistent with the best practices across the venture capital industry. During the pre-investment stage, companies are screened against our exclusion mandate based on the International Finance Corporation’s (IFC) Performance Standards and Corporate Governance Methodology and extensive due diligence of ESG risks and opportunities are performed.

 

Post-investment, our monitoring teams ensure value creation through tracking and measuring key ESG factors that are most material and customized to each company. We see this as not only a moral imperative, but a competitive advantage in long-term financial sustainability and resiliency for entrepreneurs.

The Criteria

Environmental

Environmental criteria considers how a company performs as a steward of its natural surroundings.

In our portfolio:

  • Farm 66 – Since 2013, Farm66 has been developing and practising the concept of urban farming. Through patented in-house innovations, such as “Multi-layer Vertical Planting (MVP) structure”, “Soilless Hydroponics Farming (SHF) techniques”, “Indoor Aquaponics Farming Eco-system (IAFE)”, “Energy-efficient LED Wavelength Farming” and “Cloud-based Farming Parameters (CFP) monitoring”, Farm66 grows quality vegetables locally and efficiently by taking farming indoors.​
  • Ecoinno – Ecoinno uses innovative solutions to support the concept of circular economy, through products such as 100% biodegradable and compostable coffee capsules and disposable dishware with no microplastic residue.
  • AutoX – AutoX’s electric cars operate in a more fuel efficient manner and contribute to greater sustainability and better air quality with its potential to cut energy consumption.

 

Social

Social criteria examines how a company manages relationships with employees, suppliers, customers, and the communities where it operates.

In our portfolio:

  • Airwallex – Airwallex launched an internal women’s network to provide support, mentorship, and inspiration in their community
  • Prenetics – Prenetics provides and promotes preventive health measures for local communities

 

Governance

Governance criteria deals with a company’s leadership, executive pay, audits, internal controls and shareholder rights

In our portfolio:

  • WeLab – WeLab developed a high-end security system to put the importance of privacy at its forefront and safeguard its virtual bank’s customer data.
ESG Leadership

Our ESG policies are centrally-managed, with dedicated ESG team leaders from diverse cultures, geographical locations and professional representation roles to keep sustainability ESG at the heart of our operations.

 

Gobi’s dedicated ESG Committee meets quarterly to set the overall direction for ESG policy and strategy across all aspects of the business, including its portfolio companies. Its members include:

Chairperson – Shaw Soo Wei

Head of Investment – Dan Chong

Head of Governance & Audit – Angel Chau

Head of Circular Economy – Carlo Delantar

Head of Legal Compliance – Sarah Jin

Secretariat – Angie Lam

For day-to-day integration of ESG management systems and capacity building, Gobi’s ESG Taskforce monitors ESG performance data to drive the progress and opportunities in line with management performance objectives. Its members include:

Training & Human Resources – Ee Leen Gui

ESG Due Diligence and & Audit Lead – Alan Chan

Head of Governance & Audit – Angel Chau

Social and & Human Resources Lead – Angie Lam

Monitoring & Measurement
Lead – Wayne Chan

Diversity & Environment
Lead – Renee Pan

Governance & Compliance Lead – Miranda Cheng

Reporting & Coordinating Lead(GBA) – Vanessa Lai

TaqwaTech Value Creation – Imran Hafiz

Coordinating & Reporting Lead – Lidiana Rosli

Startup Value Creation – Neil Cheong

ESG Partnerships

Gobi actively developments and integrates its ESG policies in partnership with international and regional sustainability organizations to ensure community impact, accountability and transparency.

 

The Billion Dollar Fund (TBDF) [Previously known as Beyond the Billion] – October 2018

Gobi pledged to invest US$50 million in businesses established by women, as part of a global consortium of venture funds committed to addressing the investment gap and investing US$1 billion by 2020 in women-founded companies.

 

Women’s Empowerment Principles (WEPs) by UN Women – April 2021

Gobi signed an MOU with UN Women to establish collaborative activities in advancing women’s economic empowerment (WEE) and women in leadership roles in Southeast Asia with the joint development of an ecosystem that champions women entrepreneurs, women-led businesses, and businesses that have a gender lens.

 

UN Global Compact (UNGC) – May 2021

As a Participant of the United Nations Global Compact, Gobi is committed to aligning strategies and operations with universal principles on human rights, labor, environment and anti-corruption, and taking actions that advance societal goals.

Annual Sustainability Report

Grievance Form
If you would like to report an ESG issue with Gobi Partners or its portfolio companies, please download and fill out our official grievance form and email it to angel@gobi.vc:

 

Angel Chau
Head of Governance & Audit
Gobi Partners ESG Committee