Asuene APAC Pte. Ltd.December 19 2024 10:00
ASUENE Inc. is pleased to announce that it has provided its carbon accounting platform, “ASUENE,” to PT Bank SMBC Indonesia Tbk (SMBC Indonesia), a major banking subsidiary of Sumitomo Mitsui Banking Corporation operating in Indonesia. By leveraging ASUENE, SMBC Indonesia can conduct calculations in line with the PCAF (Partnership for Carbon Accounting Financials) Standard, strengthening its sustainable finance initiatives and accelerating decarbonization efforts across its entire financial portfolio.
Indonesia’s Decarbonization Challenges and the Importance of PCAF Compliance
Indonesia has set an ambitious goal of achieving carbon neutrality by 2060. In support of this, the Indonesian government and the Financial Services Authority (OJK) are enhancing regulations around climate risk management and CO2 emissions reporting for domestic financial institutions. The PCAF Standard, along with the Climate Risk Stress Testing (CRST) guidelines, provides a clear framework for financial institutions to achieve decarbonization targets across their portfolios, highlighting the importance of adhering to these standards in anticipation of potential regulatory mandates.
Given this context, SMBC Indonesia, which has investments in thousands of companies across the region, recognized the need to enhance both the efficiency and reliability of its CO2 emissions visualization and disclosures, leading to the adoption of the “ASUENE” solution.
Why SMBC Indonesia Chose “ASUENE”
The decision to implement ASUENE was driven by its robust capabilities in calculating Scope 3 Category 15 emissions, specifically addressing financed emissions in compliance with the PCAF Standard. With the deployment of ASUENE, SMBC Indonesia will enable over 300 of its major investee companies, particularly publicly listed and large corporations, to align with PCAF-compliant emissions calculations.
This implementation will be conducted under a white-label model, allowing SMBC Indonesia to maintain its brand presence while effectively enhancing CO2 emissions transparency among its investees. Additionally, ASUENE supports multiple languages, including Indonesian, Japanese, and English, and is backed by ASUENE APAC’s dedicated consulting team for rapid, localized support.
Future Outlook
ASUENE remains committed to supporting sustainable finance initiatives in the Indonesian market by providing solutions that contribute to CO2 emissions reduction. We will continue to collaborate with SMBC Indonesia and other financial institutions, offering comprehensive support to help them achieve their decarbonization goals across their finance portfolios.
Comments from Key Executives
SMBC Indonesia / Nathan Christianto, Head of Wholesale Banking SMBC Indonesia
Through this partnership with Asuene, SMBC Indonesia proves its commitments in supporting the Indonesian government’s initiatives to strengthen regulations on climate risk management. SMBC Indonesia hopes this collaboration will provide customers with added value by supporting them with platform to manage their emissions administration and maintain the historical records.
ASUENE APAC / Kohei Nishiwada, Founder & CEO of Asuene Inc.
We see a rising demand for GHG accounting in Indonesia as part of the push toward Net Zero and the 2030 targets. OJK’s new guidelines highlight the critical need for accurate financed emissions measurement by financial institutions. Few banks in ASEAN currently calculate these emissions using primary client data, making this initiative a pioneering step. ASUENE is dedicated to providing efficient solutions to help companies in Indonesia meet regulations and advance sustainability.
About SMBC Indonesia
PT Bank SMBC Indonesia Tbk (SMBC Indonesia)—formerly PT Bank BTPN Tbk (Bank BTPN)—is a foreign exchange bank resulting from the merger of PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia in February 2019. Driven by the spirit of “Do Good, Be Great,” SMBC Indonesia aims to create more meaningful growth for society through innovative and comprehensive financial solutions centred on meeting customers’ needs across various segments. SMBC Indonesia provides products and services such as green financing, products and services for retired customers, for micro, small, and medium enterprise customers, for large national, multinational, and Japanese corporations, wealth management services through Sinaya, as well as digital banking services for digital-savvy communities through Jenius. Additionally, SMBC Indonesia has subsidiaries, including PT Bank BTPN Syariah Tbk, serving customers from productive underprivileged communities, and financing companies PT Oto Multiartha (OTO) for four-wheel vehicles and PT Summit Oto Finance (SOF) for two-wheel vehicles. SMBC Indonesia’s commitment to positively and sustainably impacting the broader community is also reflected through Daya. This sustainable and measurable empowerment program offers regular training to enhance personal capabilities and capabilities for a more meaningful life.
Company Name: PT Bank SMBC Indonesia Tbk
Representative: President Commissioner, Chow Ying Hoong
Headquarters: Menara SMBC, CBD Mega Kuningan, Jl. Dr. Ide Anak Agung Gde Agung, Kav 5.5-5.6
Website: https://www.smbci.com
For media inquiries, please contact:Andrie Darusman, Communications & Daya Head
Email: andrie.darusman@btpn.com or corporate.communications@btpn.com
About Asuene APAC Pte. Ltd.
Asuene Inc. is a leading Climate Tech company in Japan with the mission of ”Changing the world for the next generation”. We provide “ASUENE”, a carbon accounting platform to measure, report and reduce carbon emissions of companies and we contribute to the net zero society. Company name: Asuene Inc. Representative: Founder & CEO Kohei Nishiwada Date of establishment: October, 2019 Headquarters: WeWork, KDX Toranomon 1Chome Building 4F, 1-10-5 Toranomon, Minato-Ku URL: https://earthene.com/apac
Contact
For media inquiries, please contact: Asuene Inc. Keiko Yamamoto Email: press@asuene.com Website: https://earthene.com/en
