- New partnership addresses the lack of a standard methodology to trace carbon emissions challenges in a shift to lower carbon solutions for industries ahead of COP 28.
- Software provider Evercomm enhances decarbonization with its data simulation software, and Mitsubishi Electric provides energy management solutions to help achieve CO2 reductions from Asia to global industry clients.
- Manufacturing Industry Environmental Responsibility: This partnership enables businesses to be more environmentally responsible. This technology allows for more informed decisions based on third-party verified emissions data, helps industries toward net-zero goals, and accelerates the region’s shift towards a sustainable, low-carbon future.
SINGAPORE –
Media OutReach – 18 September 2023 – Mitsubishi Electric Asia has announced an ESG-driven partnership with Evercomm, Singapore. This collaboration is created to overcome barriers to adopting intelligent manufacturing initiatives across the Asia-Pacific region with emerging technology towards low-carbon manufacturing.
The top three barriers to adopting intelligent manufacturing initiatives in Asia-Pacific are employee resistance to technology adoption, lack of requisite skills, and need for definitions of the value of smart manufacturing. Manufacturing industries face heightened pressure from growing carbon tax regulations, requiring greater vendor authenticity and governmental compliance on CO2 emissions related to energy use and industrial processes.
This partnership answers to the pressure of this competitive landscape; Mitsubishi Electric and Evercomm bring innovative manufacturing solutions explicitly designed for heavy and automated industry sectors to assess and reduce CO2 emissions more efficiently.
“Data transparency to verify business practices is an industry imperative today – especially when carbon reporting and accountability stakes are high in Asia for manufacturers and all sectors,” says
Chen Chiu-Hao (Ted), CEO of Evercomm, Singapore. “Our technology supports industries to shift toward lower-carbon practices.”
This collaboration underpins Singapore’s target of net-zero emissions by 2050. The Singapore government supports the industry to reach a robust manufacturing capacity through green technology. Singapore PM Lee echoed this at the G20 summit recently, stating global cooperation was needed in areas such as forming reliable and resilient supply chains, creating a conducive environment for decarbonisation investments, and smoothening climate transitions through high-integrity carbon markets.
“Ahead of COP 28, we want to lead the charge in transforming the manufacturing sector. By marrying automation expertise with precision in carbon emission verification, we are poised to redefine smart manufacturing practices in the region,”
explains Kunihiko Seki, Managing Director Mitsubishi Electric Asia. Through this partnership, Evercomm and Mitsubishi Electric will offer solutions integrating Evercomm’s software and Mitsubishi Electric’s products to realize carbon neutrality for customers. The companies plan to consolidate manufacturing site data of CO2 emissions and reductions collected by Mitsubishi Electric’s SCADA into Evercomm’s management software.
This consolidation will offer industries carbon efficiency with transparency and more efficiency. Using this proprietary software increases data authenticity by up to 90%, increases productivity in carbon accounting by up to 80%, reduces external assurance time by up to 60%, and thereby reduces third-party verification costs.
Six Industry benefits from this partnership 1. Carbon Emission Verification: The platform focuses on verifying carbon emissions, a crucial step in accurately assessing an organization’s environmental impact. This verification process ensures that reported emissions data is reliable and can be used for decision-making and reporting.
2. Carbon Footprint Management: The platform aims to help businesses and organizations better understand and quantify their carbon footprint. This involves tracking and measuring greenhouse gas emissions from various activities and operations, including energy consumption and transportation.
3. Automation: This partnership offers automation solutions to simplify the process of carbon footprint disclosure. It reduces the administrative burden of collecting and reporting emissions data and provides emerging tech accuracy.
4. Net-Zero Planning: Support businesses in achieving net-zero carbon emissions. This includes planning and management tools to help organizations reduce their carbon footprint and transition to carbon-neutral operations.
5. Digital Transformation: Technology speeds up how organizations report their sustainability efforts. This can make it easier for businesses to integrate environmental considerations into their overall strategy.
6. Regulatory Compliance: Accurate carbon emissions data is often required for compliance with environmental regulations and reporting requirements.
Mitsubishi Electric Asia has pioneered developing carbon-neutral and energy-saving management systems within factory automation, robotics, and industrial technology. These are engineered to reduce energy consumption and optimise operational efficiency while minimizing environmental impact. Their proven solution brings robust expertise to this partnership toward advancing sustainable manufacturing and industrial practices.
By 2051, Mitsubishi Electric pledged to net zero greenhouse gas emissions in their entire value chain and zero greenhouse gas emissions from factories and offices by 2031. The company already offers clients the capacity to monitor energy usage better and implement AI-driven automation of processes. With this partnership with Evercomm, Mitsubishi Electric can now allow industries more effective ways to be ESG-compliant, help their clients improve their digital automation and energy monitoring, and now include greenhouse gas monitoring, thereby reducing costs.
Hashtag: #MitsubishiElectric #Evercomm #Net-zero #Carbonneutral
The issuer is solely responsible for the content of this announcement.
About Evercomm
Evercomm is a software company supporting businesses to net zero. Its proprietary carbon accounting platform tracks, measures, and analyses CO2 emissions from industries such as water and waste performances, translating them into carbon emission values per ISO 14064-1 standards. All their data undergoes third-party verification, ensuring the integrity of its carbon accounting reports. Headquartered in Singapore, Evercomm collaborates with the United Nations and government agencies in Singapore.
www.evercomm.com.sg
About Mitsubishi Electric Asia
Mitsubishi Electric Asia is a subsidiary of Mitsubishi Electric Corporation, a world-leading manufacturer of products ranging from home electronics, industrial and factory automation, semiconductors and devices, public utility systems, and defence and space systems. Established in Singapore in 1977, Mitsubishi Electric Asia has provided reliable, high-quality products to homes, businesses, and industries in Asia Pacific. Mitsubishi Electric Asia seeks to be established as a marketing and engineering hub with its well-networked and strategic presence in the region. At Mitsubishi Electric Asia, we live by our pledged commitment to change for the better with every move we make.
Services
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
MGBF founding chairman Nordin Abdullah and UMW Toyota president Datuk Ravindran K. will delve into the convergence of automotive innovation and environmental sustainability in Penang, Sarawak, Johor and Pahang.
Hosted by menumiz™ – an end-to-end restaurant management system – this roundtable will feature a case study presentation and a panel session to discuss the latest digital trends, challenges, and opportunities within the food and beverage sector.
In this episode of 'A Working Lunch with Nordin', MGBF's founding chairman, Nordin Abdullah, will host this discussion focusing on the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
This MGBF Roundtable will focus on regional food security issues and trends in the regional supply chain, and trade regulations and policies, including a new geopolitical tool i.e., weaponisation of supply chains.
MGBF In The News
Planet QEOS, KIS BlOCNG San Bhd, and the Sarawak Land Consolidation and Rehabilitation Authority (SALCRA) have officially signed a tripartite memorandum of understanding (MoU) to establish a collaborative framework aimed at producing bio-hydrogen via the Steam Biomethane Reforming (SBMR) Process. The MoU was signed by Planet QEOS executive chairman Dino […]
Planet QEOS and China Machinery Engineering Corporation (CMEC) are interested in investing RM10 billion to co-develop advanced Megawatt peak (MWp) agrovoltaic in Baram, to further boost Sarawak’s green energy initiative and food security. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg was briefed on Friday by both the […]
Last week SPM results came out, 373,974 aspirants who have been waiting patiently over the last few months would now know their fate. Some 10,109 have received all A’s, the golden standard of academic success and the ticket to those looking to study the “more advanced” subjects in university. Proudly, […]
The classic knee-jerk reaction is to say, fire the coach, change the leadership of associations, and reduce the funding till they start performing better. This kind of negative reinforcement may work for kindergarten children, but we are dealing with high-performance adults – individuals much further along in their psychological and […]
Since its earliest tea plantations in 1929, Cameron Highlands has grown to become a key player in the agricultural landscape of Malaysia, producing 40 per cent of all vegetables grown. Despite Malaysia shifting its economic focus away from agriculture, the industry remains imperative for food security and the livelihoods of […]
Although at first glance the travel industry and the agricultural sector appear to have nothing in common, they actually share more than meets the eye. The economic benefits of tourism to the agricultural sector can be multiplied several times over. “Tourism brings the end consumers closer to the source, which […]
The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, attended by industry leaders and business associations. The guest of honour was Yang Berhormat Syerleena Abdul Rashid, the Member of Parliament (MP) for Bukit Bendera in Penang. The MP’s Special Session […]
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
Malaysia Global Business Forum (MGBF) has moved to support the creative economy as the overall economy moves into a recovery phase following the COVID19 pandemic. As a step in the direction of normalcy, the MGBF has agreed to host the art exhibition “I Know You’re Somewhere So Far” by one […]
Congratulations to Datuk Seri Ismail Sabri Yaakob for taking up the mantle of the ninth prime minister of Malaysia. There is nothing normal about the situation; it could not have been scripted but it has kept the spectrum of media, mainstream and social, gripped. The first order of business for […]
In a stirring speech to the nation, President Joseph R. Biden, Jr. stamped his brand of leadership on the presidency, in his first act as the 46th president of the United State of America, it signaled several shifts. Perhaps the weather was foreboding with snow falling before the ceremony that […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]