Asuene Co., Ltd.
Asuene APAC concludes a business partnership agreement with MAQO, a major solar power generation operator in Malaysia.
The signing ceremony was held in the presence of the Malaysian Investment Development Authority (MIDA). Promoting Malaysia’s carbon neutrality
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Asuene APAC (Headquarters: Singapore), an overseas subsidiary of Asuene Corporation (Headquarters: Minato-ku, Tokyo, Representative Director and CEO: Kohei Nishiwada, hereinafter referred to as the “Company”), is a major Malaysian solar company and a major solar power generation business. In April 2024, we concluded a business
partnership agreement with MAQO ENGINEERING SDN. BHD. (Headquarters: Selangor, Malaysia, President and CEO: Kong Kok King, hereinafter “MAQO”), which provides sustainability solutions, and held a signing ceremony. It was conducted.
The two companies will support decarbonization and sustainable management by providing ASUENE, a cloud service that visualizes, reduces, and reports CO2 emissions, to local companies in Malaysia.
[Image 1: https://prtimes.jp/i/58538/347/resize/d58538-347-30386fcbff790c7314d7-3.jpg&s3=58538-347-28c669a69a4b95f6c55437e32c754626-2819×2114.jpg] Background of the business alliance
Not only in Japan but throughout Asia, interest in decarbonization is increasing among companies due to national policies and demands, and the need for visualization and reduction of CO2 emissions is rapidly increasing.
In Malaysia as well, the government has set out a policy to reduce CO2 emissions by 45% by 2030 and achieve carbon neutrality by 2050, and is accelerating efforts. The 12th Malaysia Plan, announced in September 2021, aims to increase the proportion of renewable energy to 70% by 2050 by establishing an energy transition roadmap, in addition to emission reduction targets. .
In Malaysia, the manufacturing industry accounts for 44.4% of all companies (see total domestic and foreign investment approvals*). In order to achieve carbon neutrality for the entire country, it is essential to reduce emissions through visualization of CO2 emissions in the manufacturing industry and conversion to clean energy. *Report on total domestic and foreign investment approval survey (MIDA research, December 2023)
Therefore, MAQO, which has a customer base mainly in the manufacturing industry and provides SX* support in Malaysia, and Asuene, which is strong in supporting decarbonized management in the manufacturing industry, have entered into a business partnership agreement. By providing ASUENE mainly to manufacturing companies in Malaysia, we will be able to provide one-stop solutions for visualizing and reducing CO2 emissions.
Business partnership details
“ASUENE” provides cloud services and SX consulting for visualization, reduction, and reporting of CO2 emissions across the entire supply chain of Scope 1-3* in the GHG Protocol* for companies and local governments. With our one-stop solution for decarbonization, which is our strength, we provide comprehensive services to help companies promote decarbonized management.
As a leading company in the solar power generation business in Malaysia, MAQO supports corporate sustainability by providing solar solutions, EMS (energy management systems), and IoT services to promote smart agriculture.
Through this partnership, we will provide visualization and reduction solutions for CO2 emissions, mainly to Malaysian companies, and support companies in their efforts to achieve net zero.
[Image 2: https://prtimes.jp/i/58538/347/resize/d58538-347-af0248d56c5653e2de14-2.png&s3=58538-347-bd257277ab75ae00a0bdf1abb5e5d54b-2501×1334.png ]
About MAQO
Company name: MAQO ENGINEERING SDN. BHD.
Representative:Managing Director Kong Kok King
Address: No 27, Jalan TPP 1/1, Taman Perindustrian Puchong, 47100 Puchong, Selangor, Malaysia.
Website: https://maqo.com.my/
About “ASUENE”
[Image 3: https://prtimes.jp/i/58538/347/resize/d58538-347-4094b714ee874510daca-0.jpg&s3=58538-347-8248d78b6daed8f7b89f85031ebc2dc2-3900×1115.jpg] “ASUENE” is a cloud service for visualizing, reducing, and reporting CO2 emissions that easily supports the complicated calculation of CO2 emissions. We support calculation and visualization of greenhouse gas and CO2 emissions, reduction and carbon offset, and reporting and information disclosure of Scope 1-3* supply chain emissions.
・Scan invoices, etc. with AI-OCR, reduce customer work hours, and easily visualize CO2
・Extensive track record in SX consulting
・Reporting support for various initiatives (CDP, TCFD, SBT, etc.) based on the GHG Protocol*
・With the product-specific CFP* function, it is possible to calculate CO2 emissions for each product/service.
・Providing one-stop decarbonization solutions such as CO2 credit offsets and clean electricity procurement
・The validity of the system has been guaranteed through third-party verification of the international standard ISO14064-3 for GHG emissions calculation.
Asuzero service site: https://earthene.com/asuzero
About “ASUENE ESG”
[Image 4: https://prtimes.jp/i/58538/347/resize/d58538-347-18108d69eb6e9f4606c9-0.jpg&s3=58538-347-bdc06c23399be946a89cd27f9006da6c-3900×1115.jpg] “ASUENE ESG” is an ESG evaluation platform that allows you to visualize the ESG (E: Environment, S: Society, G: Governance) management efforts of a company’s supply chain.
・Highly reliable ESG evaluation of supply chain companies possible ・Reduction of man-hours for ESG evaluation in supply chain procurement ・Consulting for disclosure of securities reports
・Maximize recognition and customer attraction through awards and PR Asuene ESG service site: https://earthene.com/rating
Asuene Company Profile
Company name: Asuene Co., Ltd.
Business: CO2 emissions visualization, reduction, and reporting cloud service “ASUENE”
ESG evaluation cloud service “ASUENE ESG”
Operation of carbon credit/emissions exchange “Carbon EX”
Capital: 2,526,810,000 yen (including capital surplus)
Representative: Kohei Nishiwada, Representative Director and CEO Shareholders: Management, Incubate Fund, Environmental Energy Investment, STRIVE, Pavilion Capital (Singapore Government/Temasek affiliated fund), Salesforce Ventures, SBI Investment, GMO
VenturePartners, Sony Innovation Fund, GLIN Impact Capital, Axiom Asia Private Capital, etc. Founding: October 2019
Address: 4th floor, KDX Toranomon 1-chome Building, WeWork, 1-10-5 Toranomon, Minato-ku, Tokyo
URL: https://earthene.com/corporate/
* SX: Abbreviation for Sustainability Transformation. Initiatives for companies to switch to management policies that emphasize
sustainability
* No.1 in Japan/Asia: In the CO2 visualization business, we are No.1 in Japan/APAC with a track record of implementation in 5,000 companies. Shows the number of group companies that have signed contracts as of the end of December 2023. In-house research
*Scope1-3: The scope of CO2 emissions calculation and reporting by businesses is classified as follows:
Scope1: CO2 emissions directly emitted by the company’s business activities Scope 2: Indirect CO2 emissions generated from the use of electricity, heat, and steam supplied by other companies
Scope 3: CO2 emissions from upstream and downstream supply chains related to business activities other than those listed above * GHG Protocol: International/global standard for accounting and reporting of greenhouse gas emissions
* CFP: Abbreviation for Carbon Footprint of Products. A system that converts and displays the total amount of greenhouse gas emissions from each stage of a product or service’s life cycle, from its creation to its disposal, into CO2 emissions.
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