November 1, 2023
Kanematsu Corporation (hereinafter Kanematsu) is pleased to announce that it has agreed to a business alliance with Aozora Bank Ltd. (hereinafter ('Aozora' or 'the Bank') to provide support for corporate carbon neutrality initiatives on a one-stop basis. By combining the "Aozora's ESG Support Framework" and Kanematsu's decarbonization solutions, we will help companies to reduce Scope 1, 2, and 3 emissions.
■Details of the business alliance
Last year, Kanematsu established the Green Transformation Committee and formed a group-wide GX Accelerator team consisting of about 50 members, and has since identified products and services that contribute to decarbonization across all of Kanematsu's business units and Group companies. By doing so, we have developed a framework that allows us to offer a variety of one-stop solutions that contribute to the reduction of not only Scope 1 and 2 but also Scope 3 emissions. As a trading company serving as a link in the supply chain, we will draw on these solutions and knowhow to work on decarbonization with our business partners, aiming to promote decarbonization across the entire supply chain.
Aozora offers the ESG Support Framework where it provides both financial and non-financial solutions to support customers' initiatives to address environmental, social, and governance issues by leveraging the Aozora Group's services and network.
By combining the support provided by Aozora and Kanematsu's solutions and knowhow under this business alliance, we have developed a framework for comprehensively supporting corporate decarbonization management.
Decarbonization Initiatives is one of the key issues (materiality) of the Kanematsu Group. Furthermore, under the TCFD's "Metrics and Targets," our Group has set it as our goal to achieve carbon neutrality by 2025, carbon negative (minus) 150,000 t-CO2 by 2030, and carbon negative (minus) 1,000,000 t-CO2 by 2050 through further reduction of our Scope 1 and2, and contribution to avoided emissions.
By promoting corporate decarbonization management and reducing supply chain emissions as in this business alliance, in addition to the expansion of REDD+ projects and Joint Crediting Mechanism projects, we will step up our contribution to decarbonization in society and commit to climate change mitigation.
※Examples of the Kanematsu Group's CO2 reduction solutions
| Scope1： | Biofuels (palm kernel shells, wood pellets, biodiesel, etc.), carbon neutral fuels, energy saving diagnosis |
|---|---|
| Scope2： | Renewable energy (PPA models, etc.) |
| Scope3： | Category 1: Purchased goods and services (bio/recycled materials, reduced-weight materials, environmentally friendly manufactured products, environmentally friendly produced agricultural products and food, etc.) Category 4, 9: Logistics (streamlining and alternative means) Category 12 (recycling and upcycling of waste) |
＜Aozora Bank, Ltd.＞
| Business | Bank |
|---|---|
| Established | April 1957 |
| Address | 6-1-1 Kojimachi, Chiyoda-ku, Tokyo 102-8660, Japan |
| Representative | Kei Tanikawa, Representative Director, President and Chief Executive Officer (CEO) |
Public & Investor Relation Section, Kanematsu Corporation Tel ： +81-3-6747-5000 /en/inquiry/