27 May 2022
YCP Holdings Announces Partnership with RIMM Sustainability
SINGAPORE, May 2022 —YCP Holdings (Global) Limited has entered into a partnership with RIMM Sustainability Pte Ltd, a Singapore based software as a service (SaaS) platform for sustainability management, reporting and optimisation to expand its service offerings under the YCP Sustainability Solutions division. YCP Holdings has also participated in RIMM’s Series A funding round, which further reinforces its commitment towards leveraging on automated technology solutions for its sustainability related advisory support to Clients.
RIMM (Real Impact Matters Most) launched its comprehensive automated platform in 2021 with the aim to offer affordable ESG reporting and management solutions. Since its launch, RIMM has successfully raised US$3 million in its pre-series A round and has been awarded a US$1 million Green Finance grant from the Tokyo Metropolitan Government and another from the Monetary Authority of Singapore. Existing investors include venture capital firm BEENEXT, the Aswani family of the conglomerate Tolaram Group as well as one of Japan’s most successful tech investors, Mamoru Taniya.
"We are delighted to announce our partnership with YCP. This partnership represents an exciting milestone for RIMM on our journey of making sustainability accessible to all. YCP has a strong reputation as one of Asia’s leading consulting firms and we are excited to partner with YCP to offer their clients tech enabled sustainability solutions.”, commented Ravi Chidambaram, Chief Executive officer and Co-founder of RIMM.
YCP Sustainability Solutions division will leverage on its partnership with RIMM to offer sustainability assessment and implementation support for sustainable operations including supply chain transformation, customised digital solutions for sustainability management as well as targeted training and educational modules to its clients including corporates, banks, private equity firms as well as development finance institutions. The partnership hence aims to provide timely support to clients given the recent mandate on climate-related reporting as per the recommendations under the Task Force for Climate-related Financial Disclosures (TCFD) for the companies listed in the Tokyo Stock Exchange – Prime Market as well as similar anticipated requirements including in Singapore (for financial, agriculture and energy sector from 2023), Malaysia (targeted by end of 2024) and Hong Kong (by 2025) amongst others.
“Our investment in RIMM illustrates our strong commitment to this long-term partnership as well as our belief in RIMM’s ability to facilitate an ecosystem level impact through its easy to use and affordable platform which offers significant opportunities to further develop targeted solutions for clients together. Firms globally continue to grapple with a pressing need to evolve and integrate sustainability in their day-to-day operations across different departments as well as geographies and RIMM’s platform will allow us to simplify and accelerate the transformation for our clients across the globe.”, said Yuki Ishida, Managing Partner of YCP Holdings (Global) Limited.