Shimane Prefecture Iishi Forestry Association, San’in Godo Bank, and ByWill sign a partnership agreement regarding carbon neutrality using J-Credit.
*Bywill Co., Ltd.*
Press release: September 17, 2024
**
Shimane Prefecture Iishi Forestry Association, San’in Godo Bank, and ByWill sign a partnership agreement regarding carbon neutrality using J-Credit.
*Started creating J-credits through forest management. Contributing to local forest conservation and decarbonization through collaboration between three parties*
ByWill Co., Ltd. aims to achieve carbon neutrality in all 47 prefectures of Japan (Headquarters: Chuo-ku, Tokyo, Representative Director and President: Shimomura)
Yuichiro (hereinafter referred to as “Bywill”) is the Iishi Forestry Association (Headquarters: Unnan City, Shimane Prefecture,
Representative Director and Association Chairman: Kimura)
Morito), Sanin Godo Bank, Ltd. (Head office: Matsue City, Shimane Prefecture, Director and President: Yamazaki)
The three parties have concluded a partnership agreement regarding carbon neutrality using J-Credit (*1) with the aim of contributing to the realization of local carbon neutrality and circular economy. did.
Based on this agreement, ByWill will be entrusted with and act on behalf of the application process for the creation of J-Credit from forests managed by the Iishi Forestry Association, and will work with San’in Godo Bank to search for sales outlets.
Through this initiative, we will contribute to local decarbonization promotion and forest conservation.
(From left in the photo) Masahide Saito, Executive Officer/Partner Success Department Manager of ByWill, Morito Kimura, Chairman of the Iishi Forestry Association, Regional Development Manager of Sanin Godo Bank
Mr. Ryo Inoue
*1: J-Credit refers to the amount of CO2 and other greenhouse gas emissions that are reduced or absorbed through decarbonization activities by businesses, such as the introduction of energy-saving equipment and the use of renewable energy. What is certified? The issued credits can be sold to other companies, etc., and the purchaser can use them for carbon offset.
* [Conclusion date] *
*Tuesday, September 17, 2024*
On the day of the agreement, a signing ceremony was held at the San’in Godo Bank head office.
* [Agreement details] *
The three parties will cooperate on the following matters with the aim of contributing to the realization of carbon neutrality and a circular economy in the region.
(1) Provision of information, services, know-how, etc. related to environmental value
(2) Creation of forest-derived J-credits
(3) Other matters deemed by the parties to contribute to the purpose of this Agreement.
* [Specific initiatives and future prospects] *
ByWill and the Iishi Forestry Association have completed a contract to create forest-derived J-credits and have begun work on the project. Based on the contract, ByWill will handle the procedures and bear the cost of applying for J-Credit for the amount of CO2 absorbed by forests managed by Iiishi Forestry Association.
As a result of simple calculations, we estimate that the amount of CO2 absorbed over the eight years subject to certification will be 25,442t-CO2, and we will proceed with the procedures with the aim of registering the project by mid-2025.
In addition, San’in Godo Bank and ByWill will work together to explore where to sell the created credits.
* [Background of the conclusion]*
One effective means of achieving carbon neutrality is carbon offset, which uses carbon credits to offset emissions that cannot be reduced by oneself. However, creating carbon credits is costly and
time-consuming, and the creators are also burdened by concerns about sales.
Therefore, ByWill supports the creation and distribution of carbon credits such as J-Credit by taking care of creation procedures, application fees, and searching for sales outlets.
By circulating environmental and economic value through carbon credits, we aim to create a cycle that returns funds and supports local businesses and individuals in further decarbonization efforts.
* [Iiishi Forestry Association’s initiatives] *
The Iishi Forestry Association is one of the large associations in Shimane Prefecture, one of Japan’s leading forest prefectures, and is dedicated to “community development and forest development.” With the management philosophy of “nurturing people who can support this,” we conduct forest maintenance, lumber production, lumber processing, mushroom production, etc.
Planting by Iishi Forestry Association
In addition to forest cultivation as our main responsibility, we are also focusing on developing human resources and creating a comfortable work environment, and in 2022 we have formulated the Iishi Forest Association Action Plan. This is a plan to create a comfortable working environment where employees can demonstrate their abilities, and sets goals and measures for such things as taking annual paid leave, empowering women, and contributing to the local community.
In this way, the Iiishi Forestry Association continues to make changes with the aim of creating “sustainable forests” that include workers.
*Reference) Iiishi Forestry Association “Iiishi Forestry Association Action Plan” (https://ii-mori.jp/pages/19/
* [Initiatives between ByWill and Sanin Godo Bank] *
ByWill is able to work on creating environmental value throughout the country by receiving introductions to J-Credit creators from partners, mainly local financial institutions.
We concluded a customer introduction agreement with San’in Godo Bank in March 2023. In addition to customer introductions, we have been cooperating with the goal of decarbonizing the San’in region and other regions, such as by supporting the procurement of non-fossil certificates for the Gogin Carbon Offset Support Loan handled by San’in Godo Bank.
Once again, San’in Godo Bank brought Iishi Forestry Association and ByWill together to conclude a contract. We will continue to deepen our collaboration with San’in Godo Bank in order to achieve carbon neutrality in the San’in area and other regions.
*Reference: Sanin Godo Bank “Gougin Carbon Offset Support Loan” (
https://www.gogin.co.jp/newsrelease/common/attachmentfile/attachmentfile-file-3559.pdf )
* [Overview of Iishi Forestry Association] *
■Name: Iishi Forestry Association
■Address: 2152-11 Kakeai, Kakeai-cho, Unnan City, Shimane Prefecture ■Official website: https://ii-mori.jp/
■Representative: Representative Directors Association Chairman Morito Kimura ■Established: December 1, 1989
■Business details:
・Forest maintenance business
・Sales business
・Special product production
・Seedling farming business
・Living environment improvement project
* [Sanin Godo Bank Company Profile] *
■Company name: Sanin Godo Bank, Ltd.
■Head office address: 10 Uomachi, Matsue City, Shimane Prefecture ■Official website: https://www.gogin.co.jp/
■Representative: Toru Yamazaki, President and Director
■Established: July 1, 1941
■Business content: Banking business
* [Bywill Company Profile] *
■Company name: ByWill Co., Ltd.
■Address: 6th floor, Gunma Building, 2-3-21 Nihonbashi, Chuo-ku, Tokyo ■Official website: https://www.bywill.co.jp/
■Representative: Yuichiro Shimomura, Representative Director and President ■Established: November 11, 2013
*From April 1, 2023, the company name will be changed from Forward Co., Ltd. to ByWill Co., Ltd.
■Business details:
・Environmental value creation support project (credit creation) ・Environmental value buying and selling business (credit procurement/brokerage) ・Decarbonization consulting business
・Brand consulting business
■Purpose:
* “A Japan that will always be loved.” By force of will. ”*
In a world that is constantly changing, values are diversifying and the truth is uncertain.
That’s why ByWill believes in the power of will and supports all kinds of sustainable changes, thereby contributing to creating a Japan that future generations can be proud of.