• Strategic Partnerships: MioTech partners with TÜV SÜD and others to enhance ESG verification services.
• Regulatory Compliance: New EU regulations drive demand for MioTech’s data and software tools.
• Growth Focus: MioTech targets industry-specific solutions and alternative funding methods.

MioTech is leveraging tougher ESG disclosure rules to expand its sustainability data and software services. Founder and CEO Jason Tu outlined plans for more partnerships to help clients meet regulatory demands and extend product offerings in core markets like China, South Korea, and Southeast Asia.

Strategic Expansion

“We aim to develop products for industries driven by supply chain sustainability demands,” said Tu. Recent collaborations with TÜV SÜD and its regional units provide direct access to verification services on MioTech’s platform, boosting growth and market share.

Regulatory Compliance

MioTech’s software aids exporters in sectors like textiles and chemicals to comply with EU regulations ensuring products are deforestation-free. The company is also preparing to support compliance with EU safety and carbon footprint standards for tech products, which will be enforced from 2026.

Further EU regulations, such as the Carbon Border Adjustment Mechanism and Corporate Sustainability Reporting Directive, will increase demand for ESG reporting tools. These rules require carbon footprint declarations and import tariffs on carbon-intensive products, with more categories expected to be added.

Growth and Investment

MioTech has raised over $100 million, backed by investors including Li Ka-shing’s Horizons Ventures and Singapore’s GIC. The latest round, led by B Capital, focuses on alternative capital markets due to challenging stock conditions.

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“We’re prioritizing partnerships to build a larger ecosystem,” Tu said. “While an IPO is planned, collaboration is our immediate focus.”

Client and Market Dynamics

MioTech serves around 2,000 clients, half of whom are publicly listed companies using its software for regulatory disclosures. Major shareholders and clients include HSBC, JPMorgan Chase, and Moody’s. Tu emphasized the shift from consultant-based services to software solutions, addressing client concerns over sustainability team sizes and data retention.

As MioTech continues to grow, these strategic moves and regulatory-driven demand are set to solidify its position as a leader in ESG data and software services in Asia and beyond.