Ogaki City, Gifu Prefecture, Ogaki Kyoritsu Bank, and ByWill sign a partnership agreement to realize a zero carbon city
*Bywill Co., Ltd.*
Press release: September 13, 2024
**
Ogaki City, Gifu Prefecture, Ogaki Kyoritsu Bank, and ByWill sign a partnership agreement to realize a zero carbon city
*First, create J-credits by introducing LED equipment. Create a cycle of environmental value and economic value, contributing to regional decarbonization and revitalization of the local economy in Ogaki City* ByWill Co., Ltd. aims to achieve carbon neutrality in all 47 prefectures of Japan (Head office: Chuo-ku, Tokyo, President and CEO: Shimomura)
Yuichiro (hereinafter referred to as “Buy Will”) is located in Ogaki City, Gifu Prefecture (Mayor: Hitoshi Ishida, hereinafter referred to as “Ogaki City”), Ogaki Kyoritsu Bank, Ltd. (Head office: Ogaki City, Gifu Prefecture, Director and President: Hayashi)
We have concluded a partnership agreement with Keiji (hereinafter referred to as “Ogaki Kyoritsu Bank”) to realize a zero carbon city. This is ByWill’s 11th collaboration involving a local government.
Based on this agreement, the three parties will work to exchange information on environmental values such as J-Credit (*1) and create new business models. First of all, ByWill plans to support the creation of J-credits by installing LED equipment in public facilities in Ogaki City.
(Photo left) Mr. Keiji Hayashi, President of Ogaki Kyoritsu Bank, (Photo center) Mr. Hitoshi Ishida, Mayor of Ogaki, (Photo right) Yuichiro Shimomura, President and CEO of Bywill.
*1: J-Credit refers to the amount of CO2 and other greenhouse gas emission reductions and absorption obtained 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] *
* Friday, September 13, 2024 *
On the day of the agreement, a signing ceremony was held at Ogaki City Hall.
* [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 new business models that utilize environmental value (3) Other matters that the parties deem to contribute to the purpose of this Agreement.
* [Background of the conclusion]*
Ogaki City declared itself a “Zero Carbon City Ogaki” on December 17, 2020, and announced its aim to achieve net zero CO2 emissions by 2050.
In promoting the use of renewable energy, promoting energy
conservation, and creating a low-carbon, recycling-oriented society, we are dividing targets into citizens, businesses, and governments, setting goals for each, and proceeding with specific measures.
Zero Carbon City Ogaki Mark
Additionally, Ogaki Kyoritsu Bank and ByWill entered into a customer introduction agreement on September 27, 2023, and have been working together to decarbonize the region.
Ogaki Kyoritsu Bank once again introduced ByWill to Ogaki City, leading to this collaboration agreement in order to promote the creation and utilization of J-Credit, a new initiative for
decarbonization in Ogaki City.
* [Future outlook] *
Ogaki City aims to become a zero-carbon city and is promoting the introduction of renewable energy and energy-saving equipment in city operations, businesses, and homes. To this end, we have decided to steadily implement this in the city’s business operations first, and as a measure to spread this throughout the city, we will work on creating J-credits by introducing LED lighting.
By creating environmental value in the form of J-Credits, contributing to local decarbonization, and earning profits through the sale of J-Credits, we can serve as a model for the introduction of renewable energy and energy-saving equipment, and help businesses in the city. We will support its introduction into households.
ByWill will seamlessly support the J-Credit Creation Project in Ogaki City, from registration and application to monitoring and sales of the created credits. Regarding sales, we will also cooperate with Ogaki Kyoritsu Bank to promote regional decarbonization through “local production for local consumption.”
In this way, through the collaboration of the three parties under J-Credit, we will contribute to the realization of a “zero carbon city vision.”
Reference: Ogaki City “Ogaki City Global Warming Countermeasures Implementation Plan (Area Measures Edition)” (
https://www.city.ogaki.lg.jp/cmsfiles/contents/0000061/61063/kuikisesaku5.3.31.pdf
* [Comment from Yuichiro Shimomura, President and CEO of Buy Will] * We would like to express our sincere gratitude to Ogaki City and Ogaki Kyoritsu Bank for giving us the opportunity to enter into a
partnership agreement to realize a zero carbon city. We are very happy to have reached a partnership agreement with Ogaki City, the home of Ogaki Kyoritsu Bank.
Ogaki City is the second most populous city in the prefecture after Gifu City. Although CO2 emissions are proportionally high, the city was the first in the prefecture to declare itself a zero carbon city and is actively working towards decarbonization.
Against this backdrop, we have decided to work together to further accelerate efforts toward the goals of 2030 and 2050. First of all, we will proceed with efforts to convert J credits into added value for energy saving of public facilities in the city.
Additionally, this collaboration agreement is the first for our company in a local government in Gifu Prefecture. In the future, as Gifu Prefecture as a whole strives to achieve zero carbon, we will do our best to make this an initiative that starts in Ogaki City and can lead Gifu Prefecture.
* [Summary of the three parties] *
* ■Ogaki City Overview *
・Representative: Mayor Hitoshi Ishida
・Location: 2-29 Marunouchi, Ogaki City, Gifu Prefecture 503-8601
* ■Overview of Ogaki Kyoritsu Bank *
・Name: Ogaki Kyoritsu Bank, Ltd.
・Representative: Keiji Hayashi, President and Director
・Location: 3-98 Kakumachi, Ogaki City, Gifu Prefecture, 503-0887 ・Business content: Banking business
* ■Buy Will Overview *
・Name: ByWill Co., Ltd.
・Representative: Yuichiro Shimomura, Representative Director and President ・Location: 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