Zevero Partners with Tai Sin to Strengthen ESG Reporting System Ahead of SGX Obligations

Zevero Joins Forces with Tai Sin for ESG Reporting Boost

In a significant move towards advancing sustainability practices, Zevero Co., a global startup based in Tokyo and led by CEO Takumi Yachiu, has announced its partnership with Tai Sin Electric Limited, one of Singapore's prominent manufacturers. This collaboration aims to strengthen the Environmental, Social, and Governance (ESG) reporting framework for companies listed on the Singapore Exchange (SGX) in readiness for impending regulatory requirements.

Tai Sin, under the leadership of CEO Lim Boon Hock Bernard, has been at the forefront of sustainability initiatives in Singapore for years. The company has chosen Zevero as a key partner to enhance its ESG reporting infrastructure in compliance with the new climate-related disclosure requirements set forth by the International Sustainability Standards Board (ISSB). This partnership represents Zevero's first collaboration with a publicly listed company in Singapore, marking a pivotal step in the region's sustainable development journey.

Revolutionizing ESG Practices

By implementing Zevero's AI-powered digital platform, Tai Sin will centralize its carbon emissions data and streamline its reporting processes significantly. The platform is designed to correlate data input by various personnel at multiple locations with verifiable documentation such as utility bills and fuel receipts, ensuring data integrity. Additionally, Zevero will provide quarterly internal ESG reports to support informed management decision-making and further strengthen Tai Sin's commitment to sustainability and corporate governance.

Zevero's CEO, Takumi Yachiu, expressed pride in this collaboration, stating, "Tai Sin has consistently led the charge in advancing sustainability within Singapore's industrial sector. We are honored to assist in elevating their ESG efforts by implementing a digital platform that enhances emissions tracking and data accuracy, replacing outdated manual spreadsheet processes."

As the digital transformation unfolds, it comes at a critical juncture where Singapore's SGX will mandate compliance with ISSB's scope 1 and 2 emissions disclosure beginning in the fiscal year 2025. Zevero's platform will guarantee high levels of traceability and precision, enabling Tai Sin to prepare for future requirements around scope 3 disclosures and assurance obligations.

A Strategic Move for ESG Capabilities

Willie Chua, Head of Strategic Planning at Tai Sin, noted that this collaboration is not merely a technological upgrade, but a strategic step aimed at enhancing the company’s ESG capabilities to meet expectations from regulatory bodies, investors, and the board of directors. "Zevero's technical expertise and practical support will contribute significantly to building a solid and scalable next-generation ESG infrastructure," Chua remarked.

Since publishing its first sustainability report in 2018, Tai Sin has undertaken numerous pioneering initiatives, including the development of Environmental Product Declarations (EPD) for major product lines and hosting the industry-wide forum “Future-Ready Data Centre” this year. This partnership with Zevero is set to enhance data quality and emissions traceability, further propelling Singapore's Green Plan 2030 and facilitating a transition towards credible and verifiable climate disclosures.

Corporate Profiles

Tai Sin Electric Limited: Established in 1980, Tai Sin is one of Singapore's largest manufacturers of power cables and wires, supplying a broad spectrum of products to the industrial, commercial, residential, and infrastructure sectors. With manufacturing facilities in Singapore, Malaysia, and Vietnam, Tai Sin efficiently meets regional demand through a robust and reliable supply chain. Listed on the SGX Mainboard, the company is highly recognized not only for its product quality but also for its unwavering commitment to sustainability. For further details, please visit their official website.

Zevero: Zevero is a global startup dedicated to supporting corporate sustainability strategies through its platform and consulting services. Combining its powerful AI engine for automatic emissions matching with specialized expertise, Zevero aids in developing sustainability strategies, managing emissions, and facilitating ESG disclosures and branding. By integrating AI technology with Life Cycle Assessment (LCA) techniques, Zevero offers comprehensive visibility into emissions and actionable reduction measures. Currently, Zevero serves businesses across more than 20 countries, supporting projects in Japan from small enterprises to large corporations. For more information about Zevero, please visit their website.

For inquiries, please contact Mizuho Taniguchi at Zevero: [email protected].