Asuene establishes its first overseas subsidiary, “Asuzero Singapore Pte. ltd. with the aim of becoming the leading climate technology company in Asia
TOKYO, November 14, 2022 /PRNewswire/ — Asuene Inc., a leading climate technology company Japanestablished its first overseas subsidiary in Singapore, Asuzero Singapore Pte. ltd. (hereinafter “Asuzero Singapore”). Positioning the subsidiary as a central hub for the expansion of its business in the APAC region, Asuene begins to provide large-scale “Asuzero”, the cloud-based climate platform to measure, report and reduce carbon emissions, as well as as a one-stop service for decarbonization.
Asuzero has been introduced to over 500 companies in Japan. His next goal is to become from Asia The number 1 in climate technology, and Asuene’s ever-expanding service lines now include English language support and Product Life Cycle Assessment (LCA) functionality.
The “Singapore Green Plan 2030” has been published by the Government of Singapore in 2021, setting clear sustainability goals by Singapore, including CO2 emission reduction targets and the promotion of green finance. The government has approved a budget to increase the carbon tax in 2022, and the whole country is working to achieve carbon neutrality. The Singapore Stock Exchange (SGX) has also announced that it will gradually require listed companies to disclose GHG emissions for Scope1-3 (*1) and TCFD-based climate-related reports from 2023.
Companies based in Singapore are often responsible for the entire APAC region as a hub of business activities. Asuene created Asuzero Singapore to help decarbonize the whole Asia advancing CO2 measurement and reduction initiatives Singapore.
During Series B in 2022, Asuene was evaluated for its strong business development potential in APAC, and raised $20 million of Pavilion Capital, an investment company under the Singapore government and Temasek, Axiom Asia Private Capital, Salesforce Ventures, Masayuki Mochida of Tybourne Capital Management and others.
“Pavilion Capital supported Asuene’s Singapore/expansion in Southeast Asia by providing market intelligence and connecting them with local players,” said Chee Kong Chun, head of Japanese investments at Pavilion Capital. “We believe in their knowledge, products and services, and their approach to decarbonizing the SaaS space, and we wish them the best in bringing Japanese ESG best practices to the region, and at the same time leverage regional knowledge to eventually go global.”
“Singapore has developed initiatives and policies to combat climate change and promotes them at the national level,” said Kohei Nishiwada, CEO co-founder of Asuene. “We are excited to grow our business in Singapore to accelerate decarbonization in business management. We look forward to bringing our one-stop decarbonization solutions, including Asuzero, the climate cloud platform to measure, report and reduce carbon emissions, and the Sustainable Transformation (SX) consultation, to our customers in APAC. . We continue to rise to the challenge of becoming from Asia 1st climate technology company.”
Today, many countries impose a carbon tax per product, and the demand for calculating the carbon footprint of products is increasing. Through the product LCA function, Asuzero Singapore supports companies in their management of decarbonization by measuring and reducing CO2 emissions throughout the supply chain.
About Asuzero Singapore
Company name: Asuzero Singapore Pte. ltd.
Services: Cloud-based climate platform to measure, report and reduce carbon emissions
CEO: Kohei Nishiwada
Established: November 2022
Address: 180 Cecil Street #12-01, Singapore 069546
Asuene is a leading climate technology company Japan with the mission “Create a better world for the next generations”. Its leading service Asuzero is a cloud-based climate platform for measuring, reporting and reducing corporate carbon emissions, and visualizes those emissions across the supply chain for Scope 1-3 in global standardized frameworks, Greenhouse Gas Protocol (*2). Asuene also provides comprehensive SX consultation, including global initiative alignment assistance for TCFD, CDP, SBTi and PCAF.
(*1) Definitions of Scopes 1, 2 and 3:
– Scope1: Direct emissions from owned or controlled sources
– Scope2: Indirect emissions related to the production of purchased energy
– Scope3: All indirect emissions (not included in Scope 2) that occur in the value chain of the reporting company, including upstream and downstream emissions
(*2) Greenhouse Gas Protocol: Global standardized frameworks for measuring and managing greenhouse gas (GHG) emissions
SOURCE Asuene Inc.