Asuene Establishes First Overseas Subsidiary 'Asuzero Singapore Pte. Ltd., Aiming to Become Asia's No. 1 Climate Tech Company

Asuene Inc. has established its first overseas subsidiary in Singapore, Asuzero Singapore Pte. Ltd.

Positioning the subsidiary as a central hub for its business expanding in APAC, Asuene starts full-scale provision of 'Asuzero,' the cloud-based climate platform for measuring, reporting and reducing carbon emissions, as well as a one-stop service for decarbonization.

Asuzero has been introduced to more than 500 companies in Japan. Its next target is to become Asia's No. 1 climate tech, and Asuene's ever-evolving service lines now include English support and the product Life Cycle Assessment (LCA) function.

The Singapore Green Plan 2030' was released by the Government of Singapore in 2021, setting clear targets for sustainability in Singapore, including CO2 emission reduction targets and promotion of green finance.

The government has approved a budget to raise the carbon tax in 2022, and the entire country is working toward achieving carbon neutrality.

The Singapore Exchange (SGX) has also announced that it will gradually require listed companies to disclose GHG emissions for Scope1-3 and climate-related reports based on TCFD from 2023.

"Pavilion Capital has been supporting Asuene's Singapore/Southeast Asian expansion by providing market intelligence and connecting them with local players," said Chee Kong Choun, head of Japan Investments at Pavilion Capital. "We are confident of their knowledge, products and services, and approach to the decarbonization of SaaS space, and we wish them the best in bringing Japanese best practices in ESG to the region, and at the same time leveraging on regional insights to eventually go global."

"Singapore has developed initiatives and policies to combat climate change and is promoting them on a national level," said Kohei Nishiwada, co-founder CEO of Asuene. "We are pleased to develop our business in Singapore to accelerate decarbonization in enterprise management. We look forward to bringing our one-stop decarbonization solutions, including Asuzero, the climate cloud platform for measuring, reporting and reducing carbon emissions, and Sustainability Transformation (SX) consultation, to our customers in APAC. We continue to take on the challenge to become Asia's No. 1 climate tech company."