Asuene APAC and TOKYO ELECTRON DEVICE SINGAPORE Sign Partnership Agreement

Supporting decarbonization and sustainable management of APAC-based manufacturers with “Asuene,” a carbon accounting platform for visualization, reduction, and reporting of CO2 emissions.

Asuene APAC, the Singapore subsidiary of Asuene Inc. and TOKYO ELECTRON DEVICE SINGAPORE PTE. LTD., the Singapore subsidiary of TOKYO ELECTRON DEVICE PTE. LTD. held a signing ceremony for a business alliance in January 2024.Both companies will provide Asuene, a carbon accounting platform for visualization, reduction, and reporting of CO2 emissions, and decarbonization solutions to their business partners to support decarbonization and sustainable management of APAC companies.

In Southeast Asia and other APAC countries, companies are increasingly interested in decarbonization, and the need to visualize and reduce CO2 emissions is rapidly increasing. Singapore has announced that it will aim to achieve net zero CO2 emissions by 2050 through a comprehensive environmental policy that includes CO2 emission reduction targets and the promotion of green finance. In addition, Singapore has introduced a carbon tax starting in 2019. The government plans to increase the tax from the current S$5 per ton of GHG emissions to S$25 in 2024-2025 and S$45 in 2026-2027. The Singapore Exchange (SGX) also plans to gradually require listed companies to make climate change-related disclosures under the TCFD from 2023. Furthermore, in July 2023, the Singapore government released a draft regulation requiring not only all companies listed on the SGX but also major unlisted companies to disclose climate change-related information. emissions, and companies with local operations and bases are required to visualize, reduce, and report their CO2 emissions.

Asuene” is a carbon accounting platform and SX consulting service for companies and municipalities to visualize, reduce, and report CO2 emissions throughout the supply chain for Scope 1-3 of the GHG Protocol. Through one-stop solutions for decarbonization, which is one of our strengths, we provide comprehensive services to promote corporate decarbonization management. TOKYO ELECTRON DEVICE SINGAPORE, as a group company of TOKYO ELECTRON DEVICE, sales of semiconductor-related products. Through this partnership, Asuene APAC and TOKYO ELECTRON DEVICE SINGAPORE will partner to support APAC companies in achieving net zero by signing a business alliance agreement in customer referrals.

Representative: Takayuki Gotoh, Managing Director Date of Establishment: January 2008 Location: 152 Beach Road #10-03 Gateway East Singapore 189721 Website: https://www.teldevice.co.jp/eng/company/singapore.html