ByWill and Takizawa City, Iwate Prefecture, at the foot of Mt. Iwate, conclude a partnership agreement on carbon neutrality initiatives *Bywill Co., Ltd.*
Press release: September 9, 2024
**
ByWill and Takizawa City, Iwate Prefecture, at the foot of Mt. Iwate, conclude a partnership agreement on carbon neutrality initiatives *Creating a cycle of environmental and economic value created through the introduction of LED equipment, contributing to regional
decarbonization and revitalization of the local economy in Takizawa City*
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 “ByeWill”) is located in Takizawa City, Iwate Prefecture (Mayor: Tetsu Takeda, hereinafter referred to as “Takizawa City”), *
Collaboration agreement aimed at contributing to the realization of regional carbon neutrality and circular economy*
concluded. This is the 10th collaboration between ByWill and a local government.
Based on this agreement, we will work to share information on environmental values such as J-Credit and create new business models. First of all, ByWill plans to support the creation of J-credits (*1) by introducing LED equipment in Takizawa City’s offices and businesses.
(Left of photo) Yuichiro Shimomura, President and CEO of ByWill, (Right of photo) Mr. Tetsu Takeda, Mayor of Takizawa City
*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] *
*Monday, September 9, 2024*
On the day of the agreement, a signing ceremony was held at Takizawa City Hall.
* [Agreement details] *
Takizawa City and ByWill will cooperate on the following matters in order to contribute to the realization of carbon neutrality and circular economy in the region.
(1) Provision of information, services, know-how, etc. related to environmental value
(2) Creation of new business models that utilize environmental value (3) Other matters deemed necessary through consultation between the two parties in order to achieve the purpose.
* [Background of the conclusion]*
Takizawa City aims to achieve net zero greenhouse gas emissions by 2050 and a 54% reduction (compared to 2013) by 2030. Based on past trends, it is predicted that a reduction of approximately 38.7% by fiscal 2030 will be possible, but greater efforts than ever are required to reduce the remaining 13.7%, or 48,000t-CO2. . (*2)
One of the initiatives we are promoting in many areas is the “Takizawa Eco Office Plan (*3)”. This has set a goal of reducing CO2 emissions from all office work and business in the city by 14.6% (compared to 2021) by 2026.
Specifically, we are replacing and introducing energy-saving equipment such as LED lighting and electric vehicles, and are promoting energy-saving awareness and action among each and every employee.
We have now reached a partnership agreement to convert the CO2 emissions reduced through these efforts into J-credits and utilize them for regional decarbonization.
This matter is handled by Iwate Bank, Ltd. (Head office: Morioka City, Iwate Prefecture, Representative Director and President: Iwayama) Toru (hereinafter referred to as “Iwate Bank”) and ByWill concluded a business matching agreement in July 2023, and Takizawa City and Iwate Bank concluded a “comprehensive agreement for the realization of a sustainable local community” in May 2024. This was realized based on the “Agreement on Cooperation.”
*2: Takizawa City “1st Takizawa City Environmental Basic Plan” (
https://www.city.takizawa.iwate.jp/life/kankyo/kankyobika_hozen/_12794/_12853.html
*3: Takizawa City “R05-R08 Takizawa Eco Office Plan” (
https://www.city.takizawa.iwate.jp/var/rev0/0143/2920/1238895740.pdf)
* [Future outlook] *
First of all, Takizawa City plans to create J-credits from the CO2 emissions reduced through the introduction of LED lighting in city projects*
is. ByWill handles everything from registering and applying for J-Credit creation projects to monitoring and selling the generated J-Credit.
Regarding sales destinations, we plan to prioritize local companies and promote local decarbonization through “local production for local consumption.” ByWill will contribute to Takizawa City’s achievement of carbon neutrality by utilizing environmental values such as J-Credit.
* [Comment from Yuichiro Shimomura, President and CEO of ByWill] * We would like to take this opportunity to thank Takizawa City for the opportunity to conclude a partnership agreement regarding carbon neutrality initiatives.
Takizawa City is promoting various initiatives with the aim of achieving net zero greenhouse gas emissions by 2050. However, we believe that we need to do even more than we have in the future, so we have started meeting with you.
As we talked, I felt that he was seriously thinking, “Is there anything Takizawa City can do to help create a carbon-neutral society?” I believe that this feeling led to this collaboration agreement. Thank you again.
This is the second city in Iwate Prefecture with which we have concluded a partnership agreement toward carbon neutrality. By spreading this advanced initiative not only within Iwate Prefecture, but also throughout the Tohoku region and throughout Japan, I hope that Iwate Prefecture will become a pioneer in achieving carbon neutrality throughout Japan.
By supporting this, we will contribute to achieving virtually zero greenhouse gas emissions in Takizawa City and carbon neutrality in Iwate Prefecture.
* [Takizawa City Overview] *
Name: Takizawa City
Representative: Mayor Satoshi Takeda
Address: 55 Nakaukai, Takizawa City, Iwate Prefecture, 020-0692
* [Bywill Company Profile] *
Company name: Bywill Co., Ltd.
Representative: Yuichiro Shimomura, Representative Director and President Address: 6th floor, Gunma Building, 2-3-21 Nihonbashi, Chuo-ku, Tokyo 103-0027 Business details:
・Environmental value creation support project (credit creation) ・Environmental value buying and selling business (credit procurement/brokerage) ・Decarbonization consulting business
・Brand consulting business