Itochu and boost technologies enter into capital and business alliance
ITOCHU Corporation has agreed to a capital and business alliance with boost technologies, which supports corporate sustainability…
ITOCHU Corporation has agreed to a capital and business alliance with boost technologies, which supports corporate sustainability management and the improvement of corporate value through visualization of non-financial information (ESG data) such as corporate CO2 emissions and human capital data.
In recent years, the movement of sustainability transformation (SX), which improves corporate value through management and business transformation in response to various social issues and needs including ESG, has accelerated worldwide. In addition, the disclosure of non-financial information by companies has become even more important. In Japan, the Financial Services Agency is also discussing disclosure standards that listed companies should comply with, and the disclosure of non-financial information in securities reports will be gradually made mandatory from the fiscal year ending March 2027 depending on the size of the company.
booost provides the ERP “booost Sustainability Cloud” , which handles everything from collecting and analyzing ESG data to creating disclosure reports . The company also has extensive knowledge in responding to non-financial information disclosure in accordance with national regulations and consulting on supporting corporate SX. The company’s system has been implemented in 180,000 locations in 80 countries around the world, and has been highly praised by major global companies for its careful and practical consulting and implementation support.
Itochu will also be gradually trialing the company’s system from 2025, and is working to build an efficient ESG data collection platform from 600 locations both domestically and overseas. In addition to the results of its ESG initiatives such as “business expansion with an eye toward a decarbonized society” and “strengthening human capital”, Itochu has a track record of supporting the implementation and operation of comprehensive IT services through digital business groups including ITOCHU Techno-Solutions Corporation (CTC).
Through this partnership, Itochu will bring together the strengths of booost and its group entities to provide optimal decarbonization solutions for companies, such as support for the disclosure of non-financial information, CO2 emission visualization systems, and reduction consulting, as well as promote the creation of new businesses in the SX field.
ITOCHU Corporation has set a management policy of “The Brand-new Deal — Profits Come Downstream,” and is promoting “contributions to and strengthening efforts toward the SDGs” while listening to the voices of all stakeholders, including the market, society, and consumers. Going forward, they will continue to contribute to the realization of a sustainable society and reducing the burden on the global environment.
Please follow us to read more about Finance & FinTech in Japan, like hundreds of readers do every day. We invite you to also register for our short weekly digest, the “Japan FinTech Observer”, on Medium, on LinkedIn, or on Substack.
We also provide a daily short-form Japan FinTech Observer news podcast, available via its Podcast Page. Our global Finance & FinTech Podcast, “eXponential Finance” is available through its own LinkedIn newsletter, or via its Podcast Page.
Should you live in Tokyo, or just pass through, please also join our meetup. In any case, our YouTube channel and LinkedIn page are there for you as well.