NEXYZ. partners with Mito Shinkin Bank to support decarbonization, supporting small and medium-sized enterprises’ energy-saving investments required for carbon neutrality
NEXYZ.Group Co., Ltd. Press release: September 27, 2024 NEXYZ. partners with Mito Shinkin Bank to support decarbonization, supporting small and medium-sized enterprises’ energy-saving investments in order to become carbon neutral LED lighting penetration rate remains at 60.3%, aiming to achieve 100% by 2030 NEXYZ. Co., Ltd. (Tokyo, Representative Director: Seihei Ohmae), a consolidated subsidiary of NEXYZ.Group Co., Ltd. (Headquarters: Shibuya-ku, Tokyo, President and CEO: Takami Kondo, Securities code: 4346), is a subsidiary of Mito Shinkin Bank (Head office: We have entered into a business partnership agreement with Mito City, Ibaraki Prefecture (Chairman Tsuguo Iimura) and have begun supporting Mito Shinkin Bank customers in their efforts to reduce CO2 emissions and decarbonize by introducing energy-saving equipment such as LED lighting. I would like to inform you that.
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partnership with Mito Shinkin Bank, NEXYZ. Co., Ltd. will support the introduction of energy-saving equipment by small and medium-sized enterprises, local governments, and local businesses, which account for 99.7% of Japan, to realize a decarbonized society and revitalize the local economy. We will continue to support this development. Contributing to Japan’s energy policy issues through partnership with regional financial institutions
https://prcdn.freetls.fastly.net/release_image/51187/137/51187-137-2d2bdf20b7b2a8e19604db7c5449e9fd-1280×720.jpg Although the government has set a goal of “100% LED conversion by 2030,” progress is slow at 60.3% (*1) as of June 2024, and there is no hope of achieving this goal. In addition, less than 20% (*2) of small and medium-sized enterprises engage in decarbonization, and this is due to the lack of information disclosure obligations and requests from investors, as well as the tight financial situation and the impact on business. Given the lack of information and human resources, it is difficult for companies to tackle this issue on their own. However, “Nexys ZERO” provided by our company is an embedded finance service that allows the introduction of energy-saving equipment such as LED lighting with an initial investment of 0 yen, so it is cost-effective for small and medium-sized enterprises. This is decarbonization that can be concretely addressed. Since regional financial institutions such as Tajima Shinkin Bank do business with many local small and medium-sized enterprises and are also close to business owners, we have so far provided business matching with over 80 regional financial institutions. We have concluded a business partnership. In this partnership, we provide financial institutions with performance reports on the amount of electricity and CO2 emissions reduced by customer companies’ equipment installations, which is also useful for TCFD disclosure. *1: From the Japan Lighting Manufacturers Association, General Incorporated Association *2: From the Shoko Chukin Bank “Survey on awareness of carbon neutrality among small and medium-sized enterprises” Sponsored by Development Bank of Japan and HC Asset Management “10th Industrial Finance Forum Energy x Agriculture x Finance” At the event, our representative, Takami Kondo, took the stage and introduced Nexys ZERO as a business development for embedded finance. https://www.fromhc.com/ebook/202405/?pNo=18
