Arab News Japan
DUBAI: The Tokyo Metropolitan Government (TMG) announced the first six companies selected for the project called the “Green Finance Subsidy Program for Tokyo Market Entry,” which has been running since October 2021.
According to TMG, the program helps support the expenses incurred when overseas asset management and fintech companies engaged in green finance open new businesses in Tokyo.
This fiscal year, 48 companies from 17 countries and regions applied. The companies were selected after examination by a panel that includes external experts, TMG said in a statement. Each of the companies selected plan to expand business to Tokyo in FY 2022, which starts next month.
The project was implemented as one of TMG’s efforts to expand the green finance market, which the governmental body believes will promote a “Sustainable Recovery” that contributes to the world’s efforts against climate change and to achieving an economic and social revival from the COVID-19 pandemic.
The six companies include:
The company, along with its bank partners, provides a service that visualizes CO2 emissions from customers’ consumption activities
The Swedish company provides a service that calculates CO2 emissions from consumers’ financial transactions via credit card and other data and estimates global environmental impact
It provides services for company employees where an app is used to calculate CO2 emissions from their daily activities and presents means to offset these emissions
The Swiss company has the world’s largest database of ESG and corporate behavioral risk, and provides reporting services based on factual and analysis data to financial institutions
It provides services that manage ESG/SDG information of SMEs and start-ups and reports data to financial institutions
This French company provides ESG scores and insights regarding private companies using alternative data and AI to banks and fund companies around the world through a platform