Mon, 14 Nov 2022 15:00:00 +0900 hourly 1 /release/202211019068 Mon, 14 Nov 2022 15:00:00 +0900 Asuene Asuene Establishes First Overseas Subsidiary, "Asuzero Singapore Pte. Ltd.," Aiming to Become Asia'... Asuene Inc.
Asuene Establishes First Overseas Subsidiary, "Asuzero Singapore Pte. Ltd.," Aiming to Become Asia's No. 1 Climate Tech Company
 
 
Asuene Inc., a leading climate tech company in Japan, has established its first overseas subsidiary in Singapore, Asuzero Singapore Pte. Ltd. (hereinafter "Asuzero Singapore"). 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 (*1) and climate-related reports based on TCFD from 2023.
 
Companies based in Singapore are often responsible for the entire APAC region as a hub for business activities. Asuene has established Asuzero Singapore to contribute to decarbonization of entire Asia by driving forward CO2-measuring and reduction initiatives from Singapore.
 
In the Series B round in 2022, Asuene was evaluated for its high potential for business development in APAC, and raised US$20 million from Pavilion Capital, an investment company under the Singapore government and Temasek, Axiom Asia Private Capital, Salesforce Ventures, Masayuki Mochida from Tybourne Capital Management and others.
 
"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."
 
Today many countries impose carbon tax on a per-product basis, and the demand to calculate carbon footprint of products is growing. Through the product LCA function, Asuzero Singapore supports companies in their decarbonization management by measuring and reducing CO2 emissions throughout the supply chain.
 
About Asuzero Singapore
Company name: Asuzero Singapore Pte. Ltd.
Services: Cloud-based climate platform for measuring, reporting and reducing carbon emissions
URL: https://earthene.com/asuzero/en
CEO: Kohei Nishiwada
Established: November 2022
Address: 180 Cecil Street #12-01, Singapore 069546
 
About Asuene
Asuene is a leading climate tech company in Japan with the mission, "Making a better world for next generations." Its cutting-edge service Asuzero is a cloud-based climate platform for measuring, reporting and reducing carbon emissions for enterprises, and visualizes such emissions throughout the supply chain for Scope 1-3 in the global standardized frameworks, Greenhouse Gas Protocol (*2). Asuene also provides comprehensive SX consultation, including global initiative alignment assistance for TCFD, CDP, SBTi and PCAF.
 
Image: /prwfile/release/M107387/202211019068/_prw_PI1fl_6xedndkx.jpg
 
Notes:
(*1) Definitions of Scope 1, 2 and 3:
- Scope1: Direct emissions from owned or controlled sources
- Scope2: Indirect emissions from the generation of purchased energy
- Scope3: All indirect emissions (not included in Scope 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions
 
(*2) Greenhouse Gas Protocol: Global standardized frameworks to measure and manage greenhouse gas (GHG) emissions
]]> /release/202210208473 Thu, 27 Oct 2022 15:00:00 +0900 Asuene Asuene Raises US$20 million in Series B Round, Aiming to Become Asia's No.1 Climate Tech Company th... Asuene Inc.
Asuene Raises US$20 million in Series B Round, Aiming to Become Asia's No.1 Climate Tech Company through Significant Investment
 
 
Asuene Inc., the leading climate tech company in Japan, has raised US$20 million in total Series B round. This brings the cumulative total of investments and loans to US$23 million since the company's inception in October 2019.
 
Image1: /prwfile/release/M107387/202210208473/_prw_PI1fl_F4lZv0fc.jpg
 
In this round, a total of US$20 million was raised from 14 venture capitals and financial institutions, including Pavilion Capital, an investment company under the Singapore government, and Axiom Asia Private Capital, a leading private equity fund in Asia, as new investors. In addition, in the second close, Asuene welcomed Salesforce Ventures which is known for investing in leading SaaS companies globally, and Masayuki Mochida from Tybourne Capital Management as new investors.
 
The procured funds will be used to strengthen the recruitment of talented personnel, expand system functions to improve the usability of measuring carbon emissions throughout the supply chain, and enhance system specifications for the global market.
 
"Through this financing, we expect to recruit and train human resources, expand system functions, and enhance system specifications for global expansion, with a focus on the cloud service 'Asuzero,'" said Chee Kong Choun, head of Japan Investments at Pavilion Capital. "We also expect that the initiatives and efforts of Asuene will enhance measuring and managing the progress of programs and plans related to CO2 emissions reduction."
 
"Asuene is the leading CO2 and renewable energy platform in Japan and showing very strong growth," said Chris Loh, managing partner of Axiom Asia. "We strongly believe in the company’s mission, 'Making a better world for next generations,' and the importance of building a sustainable world. We have high confidence in the company’s services and are very excited to work together with the highly capable management team through its next phase of growth."
 
"The issue of climate change is imminent, and as listed companies on the Tokyo Stock Exchange Prime Market are required to disclose more information on their climate change measures, companies need to take stronger measures to combat climate change," said Takuya Hosomura, principal of Salesforce Ventures. "Based on the business they have developed, Asuene can provide such companies a 'one-stop solution for decarbonization' with visualization, target management, and the reduction of CO2 emissions. We are honored to support the company working with its clients to realize 'a better world for the next generations.'"
 
Asuene will promote decarbonization in all industries, both domestic and international, and create social impact through business growth as a leading climate tech company.
 
"We are very grateful to all of our existing shareholders for their additional investment in this series B round, and to our new investors who have strengths in B2B SaaS, global finance, ESG, and investments in Asian market," said Kohei Nishiwada, co-founder CEO of Asuene. "We will invest all the funds and resources to become the overwhelming No. 1 climate tech company, providing a one-stop solution for decarbonization management."
 
About Asuene
Asuene is a leading climate tech company in Japan with the mission, "Making a better world for next generations." Its cutting-edge service Asuzero is a climate cloud platform for measuring, reporting and reducing carbon emissions for enterprises, and visualizes the emissions throughout the supply chain for Scope 1-3 (*1) in the global standardized frameworks, Greenhouse Gas Protocol (*2). Asuene also provides comprehensive Sustainability Transformation (SX) consultation including global initiative alignment assistance for TCFD, CDP, SBTi and PCAF. Asuzero's contracted orders continue to grow at a significant rate, with an average monthly growth of over +120% and now introduced in 450+ companies.
 
URL: https://earthene.com/asuzero/en
 
Image2: /prwfile/release/M107387/202210208473/_prw_PI2fl_o7suQFjB.jpg
 
Notes:
(*1) Definitions of Scope 1, 2 and 3:
- Scope1: Direct emissions from owned or controlled sources
- Scope2: Indirect emissions from the generation of purchased energy
- Scope3: All indirect emissions (not included in scope 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions
 
(*2) Greenhouse Gas Protocol: Global standardized frameworks to measure and manage greenhouse gas (GHG) emissions
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