Asuene forms a business alliance with Pavilion Energy, the largest government-affiliated energy company in Singapore!

Details of Business Alliance with Pavilion Energy

AsuEnergy's "AsuZero" provides companies and municipalities with a cloud service for visualization, reduction, and reporting of CO2 emissions throughout the supply chain for Scope 1-3 in the GHG Protocol, as well as SX* consulting. Through one-stop solutions for decarbonization, which is one of our strengths, we provide comprehensive services to promote corporate decarbonization management.

We are pleased to announce that Pavilion Energy, a Singaporean energy company, and Asuene have entered into a business alliance. Pavilion Energy is a subsidiary of Temasek Holdings 100%, an investment company owned by the Singapore government, and is the largest energy trading company in Singapore.

The two companies have already executed a voluntary carbon credit transaction between them. By purchasing these voluntary carbon credits, companies can contribute to the reforestation efforts in tropical forests in South America and help reduce climate change.
By providing carbon credits held by Pavilion Energy to companies that have adopted the "As Zero" system, As Energy will provide one-stop support from CO2 emissions visualization to reduction, thereby helping companies achieve net zero emissions.

What will be achieved through the business alliance

Through this business alliance, Pavilion Energy will sell its naturally occurring* carbon credits to companies seeking to reduce their own CO2 emissions and achieve carbon neutrality.
Companies that have adopted "As Zero" can manage their purchased carbon credits through the system, making it possible to visualize and reduce CO2 emissions in one-stop operations.

As-ENE will contribute to the realization of a net-zero society not only by making CO2 emissions visible, but also by supporting reductions.

*Climate change measures to reduce emissions from deforestation and forest degradation in developing countries and to provide incentives for forest conservation, sustainable forest management, and efforts to enhance forest carbon stocks.

Ong Seng Leong, Head of Energy Financial Solutions and Environmental Solutions, Pavilion Energy
We believe that the means to promote climate change action must meet the needs of the marketplace." One of our efforts is to invest in carbon projects that are highly effective in reducing CO2 emissions and providing opportunities for sustainable development. We believe that carbon offsetting is part of a company's overall supply chain sustainability strategy and a necessary solution to achieving net zero. Our strategic partnership with Asuene is an important milestone for us. There is a growing demand for carbon offsets throughout the world to help curb climate change, and we look forward to contributing to such efforts."

Masaaki Hamada, Country Manager, Asuzero Singapore
Through their collaboration, the two companies hope to further promote sustainable business practices by advancing net-zero initiatives between Japan and Singapore. Through this partnership, Asuzero customers will be able to centrally manage their purchased carbon offsets through Asuzero's system. Going forward, Asuzero will continue to provide not only visualization of CO2 emissions, but also carbon offsets and other reduction solutions to further support corporate decarbonization management.

Efforts toward Net Zero in Japan and Singapore

The movement toward decarbonization is accelerating globally, and companies are required to disclose climate-related financial information and take measures to visualize and reduce GHG* emissions. In Japan, ESG initiatives are becoming increasingly important, as all listed companies will be required to disclose sustainability information in their annual securities reports starting in FY2023, as well as human capital and diversity-related disclosures.

In Singapore, the "Green Plan 2030," an environmental action plan, was formulated in 2021, setting out comprehensive environmental policies such as CO2 emission reduction targets and promotion of green finance. In addition, the government has passed a budget proposal to raise the carbon tax in stages in 2022, and the entire country is working toward achieving carbon neutrality. The Singapore Exchange (SGX) also plans to gradually require listed companies to make climate change-related disclosures based on the TCFD from 2023.

About Pavilion Energy

About "As Zero

As Zero" is a cloud service for CO2 emissions visualization, reduction, and reporting, which easily supports the complicated task of calculating CO2 emissions. It supports calculation and visualization of greenhouse gas and CO2 emissions, reduction and carbon offsetting, and reporting and disclosure of Scope 1-3 supply chain emissions. As Zero is launching its service in English from 2022, and is promoting the expansion of its use in Singapore and other APAC countries.

<Main Features
AI-OCR scans invoices, etc., reducing the customer's workload and making it easy to visualize CO2 emissions.
SX consulting based on our extensive experience as a CDP certified climate change scoring partner
Support for reporting on various initiatives (CDP, TCFD, SBT, etc.) based on the GHG Protocol ・Product LCA function enables calculation of CO2 emissions per product or service
Providing one-stop decarbonization solutions such as CO2 credit offsets and clean power procurement
Third-party verification of ISO14064-3, the international standard for calculating GHG emissions, guarantees the validity of the system.

About AS-ENE

About Asuzero Singapore

＜Supplemental Notes

• GHG Protocol: International and global standard for calculating and reporting Greenhouse Gas emissions
• Scope 1-3: The scope of calculation and reporting of CO2 emissions by business operators is classified as follows
  Scope 1: CO2 emissions directly emitted in 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: Upstream and downstream supply chain CO2 emissions related to business activities other than the above
• SX: Sustainability Transformation. A company's switch to a sustainability-oriented management policy.
• LCA: Abbreviation for Life Cycle Assessment. A method for quantitatively calculating the environmental impact of a product or service throughout its life cycle, from production to consumption and disposal.