Environmental, Social, and Governance (ESG) standards within tech are rapidly evolving from a "nice-to-have" to a "need-to-have". Fellow AC Ventures colleague Lauren Blasco, who leads the fund's ESG efforts, shares findings from a first-of-its-kind report co-authored with BCG which sets the first quantifiable ESG standards for Indonesia’s tech sector. Lauren views "risk mitigation, streamlining operations and identifying opportunities" as common benefits that tech start-up's cite in adopting ESG guidelines. Such actions may not be optional going forward: a growing number of VC fund LP's require ESG adherence across a fund's portfolio. Moreover, the EU is close to mandating that all large companies disclose around ESG-related issues. The US SEC meanwhile is likely to require that all listed companies, tech & non-tech alike, address ESG in their filings.