Decarbonisation Platform Expands to Japan Inks Deals With Mitsubishi and Mizuho

Singapore-headquartered climate tech venture Terrascope, a SaaS decarbonisation platform has expanded into the Japanese market with a focus on empowering Japanese businesses in the food/agriculture, consumer goods, and technology sectors to achieve their sustainability and net zero goals.

Alongside its Japanese launch, Terrascope announced several strategic partnerships, among these Mitsubishi Corporation will now refer their group companies and customers to Terrascope, fostering a united effort to drive decarbonisation across various industries.

Terrascope is also partnering with Mizuho Bank allowing the bank’s customers to more easily finance their net zero transitions, and with Tetra Pak in Japan, a leading provider of food packaging and processing solutions, to provide customers with more accurate product-level sustainability footprints to consider alongside traditional financial and operational criteria in the food and beverage space.

The company has already onboarded prominent Japanese and Asia-Pacific corporations committed to decarbonising their operations and achieving sustainability milestones, including Mitsubishi Shokuhin, Pokka and MC Agri Alliance.

Terrascope’s end-to-end decarbonisation solution offers a suite of analytics and digital tools to enable enterprises to measure and manage their emissions with accuracy and impact – especially supply chain emissions, known as Scope 3.

According to an exclusive survey conducted by research firm Verdantix and Terrascope, 85% of Japanese firms have established emissions reduction targets, with 30% of these targets being SBTi-approved and encompassing Scope 1, 2, and 3 emissions.

The primary drivers identified by Japanese enterprises for decarbonising their operations and supply chains include prioritising emissions reduction opportunities, proactively anticipating future regulations, and future-proofing product design.

Commenting on the expansion Maya Hari, CEO of Terrascope, said: “We see a strong commitment to decarbonisation from Japanese corporations and we are invested in supporting them on this journey. We are proud to bring our expertise and industry-leading solutions to Japan. This new market entry is a significant milestone for Terrascope and speaks to the interest we are receiving from companies globally.”

Shuji Kobayashi, Senior Vice President, Division COO, Food Resources Division, Food Industry Group, Mitsubishi Corporation, added: “Our strategic partnership with Terrascope underscores our further commitment to driving sustainable practices across industries and supply chains in Japan and beyond. By combining Terrascope’s decarbonisation solution with our leadership position in various industries in Japan, our goal is to enable Japanese enterprises to accelerate their transition to a low-carbon economy.”