Asuene Inc. has successfully completed a merger and acquisition (M&A) deal for CoRocket Co., LTD., a company that specializes in third-party verification of non-financial data. In addition to acquiring personnel and resources, Asuene established a new subsidiary, Asuene Veritas Inc., on August 1, 2024. Asuene Veritas offers comprehensive third-party verification services for climate change and non-financial data, providing one-stop support that includes assurance and verification throughout the disclosure process.

Background of the establishment of the new company “Asuene Veritas” and the business acquisition

“ASUENE” is the leading carbon accounting platform in Japan and Asia, with over 9,000 customers. We offer “ASUENE” to support companies in achieving carbon neutrality by 2050.

As we assist businesses in calculating CO2 emissions and other non-financial information, we have noticed a growing demand for third-party verification and validation of these data, as well as enhanced system functionalities to support third-party assurance and future audits. Starting from the fiscal year ending March 2027, large corporations with a market capitalization exceeding JPY 3 trillion will be required to disclose information related to sustainability and climate change. This means that third-party verification and auditing of non-financial information have become urgent issues.

To meet these customer needs, Asuene has entered discussions with CoRocket and established a new company, “Asuene Veritas,” leveraging their skilled personnel and resources. We have recruited highly specialized staff from major audit firms, such as KPMG, KPMG AZSA, and Deloitte Tohmatsu, and will continue to develop robust business partnerships in the future. With these capabilities, “Asuene Veritas” will provide third-party verification services for non-financial data, as well as a range of climate change advisory services, including support for compliance with the Corporate Sustainability Reporting Directive (CSRD).

“Asuene Veritas” will enhance its service capabilities for both existing and new customers of “ASUENE,” aiming to expand third-party verification and assurance in the non-financial sector 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’s services significantly impact decarbonization efforts, inspiring and motivating large enterprises to take action. In addition, Asuene Veritas offers advisory services related to decarbonization and climate change measures, along with support for the development of system functionality.

By providing third-party assurance and verification of non-financial information, which many large enterprises require, Asuene Veritas efficiently supports decarbonization efforts across the Asuene Group, making it a one-stop solution for these initiatives. Furthermore, by enhancing the third-party assurance, verification, and audit functions of the carbon accounting platform “ASUENE,” the company aims to streamline processes from CO2 emissions calculation to disclosure, thereby reducing the burden of verification and auditing for businesses.

We are excited to announce our collaboration with Asuene Inc., a leading company in visualizing CO2 emissions and providing systems for disclosing non-financial information. In today’s corporate management landscape, non-financial information is becoming as critical as financial data.

As a certified public accountant with extensive experience in supporting and verifying corporate financial disclosures, I recognize the increasing need for third-party assurance of non-financial information. In light of this, we are establishing Asuene Veritas Inc. as a group company of Asuene Inc., which is dedicated to the creation of non-financial information. Our aim is to assist companies in their sustainability initiatives.

Our primary goal is to build trust with society by offering transparent and reliable third-party assurance of non-financial information, reaffirming our commitment to transparency and trust.

Toru Shiotsuki

Representative, CoRocket Co., Ltd.

We are excited to announce the acquisition of CoRocket Inc. and the formation of our new company, Asuene Veritas. This achievement not only enhances ASUENE’s comprehensive decarbonization solutions but also improves the accuracy and reliability of our data. Our mission will be to provide third-party assurance for globally significant greenhouse gas and non-financial data, instilling a new level of confidence among our stakeholders. Additionally, we have established a strong business alliance with CoRocket Inc. and Mr. Shiotsuki, and together, we will take on new industrial challenges.

Kohei Nishiwada

Founder & CEO, Asuene Inc.

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/

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