TOKYO -- Sumitomo Mitsui Banking Corp. and Murata Manufacturing are among 17 Japanese companies investing 4.2 billion yen ($26.7 million) in a startup that helps businesses visualize and cut carbon dioxide emissions down their supply chains, amid growing investor pressure for greater transparency.
Asuene, established in 2019, uses artificial intelligence to calculate customers' Scope 3 emissions -- which include indirect upstream and downstream emissions -- and support efforts to reduce them. It is the largest player in this space in Japan, with more than 6,000 companies adopting its measurement service.
