Australia-based Taronga Ventures is one of the world’s leading technology investors focused on driving innovation across real asset sectors such as real estate and infrastructure. The group consists of the RealTech Ventures funds, the RealTechX innovation programs, and Taronga Advisory, which provides institutional real asset owners and operators with strategic advice on critical areas of sustainability and technology.
Now, RealTechX has revealed the 12 emerging technology businesses selected to participate in its ESG Impact innovation program for 2023. The program is backed by nine global real estate corporates, including APG, CapitaLand, CBRE, Dexus, International Towers, ISPT, Ivanhoé Cambridge, PGIM Real Estate, and Vicinity Centres.
Notably, this year ESG Impact received over 310 applications from over 40 countries, representing a 40% increase from 2022. The program supports emerging technology companies to achieve sustained growth and scale, through deep partner collaboration, mentoring, and investment opportunities, maximising their social and environmental impacts on the built environment.
“Our partners were highly engaged throughout the prioritisation process, which reflected an ever-increasing corporate focus on delivering ESG outcomes,” said Rebecca Jinks, Taronga Ventures’ ESG & Sustainability Director. “This year we saw the doubling of governance issues being tackled by our corporate partners and an increasing interest in emerging themes such as social and biodiversity. The traditional environmental themes are becoming more business-as-usual and making space for our sector to focus on other social and governance topics.”
Julian Kezelman, Taronga Ventures’ Innovation Director, said “The depth and quality of ESG technology companies applying to the program continues to increase year-on-year, reflected in a 40% increase in submissions and an observable change in their maturity. Technology companies are increasingly becoming more sophisticated in how they measure the sustainability outcomes they deliver, in order to meet the exacting reporting standards of their corporate customers.”
“The ESG Impact program has been great in helping to identify technology companies that can help CBRE and our clients achieve ESG targets. We are pleased to be partnered with the program for the second year and look forward to the new cohort and exploring projects with them,” said Su-Fern Tan, Head of ESG at CBRE Asia Pacific.
Entela Benz, CEO and Co-founder of Intensel said “We are delighted to have been selected for ESG Impact in 2023. The program will increase commercial opportunities for us with new customers across Asia Pacific and beyond. We are looking forward to helping the program’s corporate partners to understand, manage and mitigate their climate risk and to deliver real world impact”.
12 companies chosen for ESG Impact in 2023
The final companies were selected based on the corporate partners’ top ESG priorities for 2023, including ESG reporting, embodied carbon, energy management, nature, and cyber security.
Autocase (US): Software to develop business cases that include social and environmental factors in triple-bottom-line assessments of projects.
Cerclos (Australia): Software to support sustainability teams with analysis of embodied carbon and lifecycle carbon management.
Enteligent (US): Electric vehicle chargers powered by solar energy for more efficient and sustainable charging.
EODev (France): Hydrogen-powered generators for backup power generation, as well as for off-grid, emergency, and temporary use cases.
Everty (Australia): Software to monitor, manage and monetise electric vehicle chargers, regardless of charging hardware used.
Intensel (Hong Kong): Climate risk assessment software to measure portfolio and asset-level financial risks with a focus on Asia.
Kabam Robotics (Singapore): Robots to augment security and facilities management workforces to deliver security and safety more effectively.
Naava (Finland): Indoor green walls with smart filtration technology to deliver improved indoor air quality and tenant satisfaction.
Sapien Cyber (Australia): Software platform providing cybersecurity risk protection for operational technologies within assets.
Scaler (US): Data platform streamlining ESG strategy from data collection to reporting, to asset-level analytics and net zero carbon roadmaps.
SkenarioLabs (Finland): Data platform to help with portfolio-level decarbonisation strategies, as well as assessing other market and ESG risks.
WINT (Israel): Software and hardware to prevent water damage through intelligent detection of leaks and automatic shut-off.
