Asuene establishes a new company, Asuene Veritas, through the acquisition of a third-party verification business for GHG emissions and non-financial data, as its first M&A deal.

Asuene Inc. has completed an M&A deal for CoRocket Co, LTD., a third-party verification business for non-financial data. Along with acquiring personnel and resources, Asuene established a new company, Asuene Veritas Inc., on August 1, 2024. Asuene Veritas provides third-party verification for climate change and non-financial data, offering one-stop support from third-party assurance to verification during disclosure.

Background of the establishment of the new company "Asuene Veritas" and the business acquisition

"ASUENE" is the No.1 carbon accounting platform in Japan and Asia, and surpassed 9,000 number of customers. We provide "ASUENE", a carbon accounting platform to support companies in achieving carbon neutrality by 2050.

As we support companies with calculating CO2 emissions data and other non-financial information, we have recognized a growing demand for third-party verification and validation of data, as well as system functionalities to enhance third-party assurance and future audits. Starting from the fiscal year ending March 2027, large corporations with a market capitalization of over JPY 3 trillion are expected to be required to disclose information related to sustainability and climate change, making third-party verification and auditing of non-financial information an urgent issue.

To meet these customer needs, Asuene has been in discussions with CoRocket and have established a new company, "Asuene Veritas," utilizing their talented personnel and assets. From CoRocket, we have acquired highly specialized personnel from major audit firms (such as KPMG, KPMG AZSA and Deloitte Tohmatsu) and will deepen business partnerships in the future. With this, "Asuene Veritas" will be able to provide third-party verification services for non-financial data, as well as a wide range of climate change advisory services, including support for CSRD compliance.

"Asuene Veritas" will strengthen its service capabilities for both existing and new customers of "ASUENE," aiming to expand third-party verification and assurance in the non-financial domain and grow its advisory business.

About Asuene Veritas

Asuene Veritas specializes in providing third-party assurance and verification services for climate change and non-financial data. The company also offers advisory services related to decarbonization and climate change measures, as well as support for system functionality development. By providing third-party assurance and verification of non-financial information, which many large enterprises seek, Asuene Veritas helps efficiently support decarbonization efforts across the Asuene Group in a one-stop decarbonization solution. Furthermore, by enhancing the third-party assurance, verification, and audit functions of the carbon accounting platform "ASUENE," the company aims to streamline the processes from CO2 emissions calculation to disclosure, reducing the burden of verification and auditing for businesses.

Comments from CoRocket and Asuene Representatives 

Representative Toru Shiotsuki, CoRocket Co., Ltd

We are pleased to announce our collaboration with Asuene Inc., a leading company in visualizing CO2 emissions and providing systems for disclosing non-financial information. In modern corporate management, non-financial information has become as important as financial information. As a certified public accountant who has long supported and assured corporate financial disclosures, I recognize the growing importance of third-party assurance for non-financial information. With this understanding, we are establishing Asuene Veritas Inc. As a group company of Asuene Inc., which is closest to the creation of non-financial information, we will support companies' sustainability initiatives and build trust with society by providing transparent and reliable third-party assurance of non-financial information.

Co-Founder&CEO Kohei Nishiwada, Asuene Inc.

We are honored to announce the acquisition of CoRocket Inc. and the establishment of our new company, Asuene Veritas. This milestone allows us to enhance ASUENE’s one-stop decarbonization solutions by providing more accurate and reliable data. Our role will be to offer third-party assurance for globally significant GHG and non-financial data. Furthermore, we have formed a strong business alliance with CoRocket Inc. and Mr. Shiotsuki, and together we will challenge new industrial transformations based on the integration of non-financial and financial data.

Asuene Veritas Company Profile

Company name: Asuene Veritas Inc.

Representatives: Chairman Kohei Nishiwada, CEO Masayuki Kobayashi

Date of establishment: August 1, 2024

Shareholder: Asuene Inc. (100%)

Capital: 70 million yen

URL：https://veritas.earthene.com/

About Asuene APAC Pte. Ltd.

Asuene Company Profile

Asuene Inc. is a leading Climate Tech company in Japan with the mission of ”Making a better world for next generations”. 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: Co-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

This press release has also been published on VRITIMES