Bywill Inc. (Head Office: Chuo-ku, Tokyo; President and CEO: Yuichiro Shimomura), which promotes economic circulation utilizing environmental value with the aim of creating a world where "GX is desirable," has signed a "Partnership Agreement to Promote Regional Decarbonization and Resource Circulation in Aridagawa Town Utilizing Environmental Value" with Aridagawa Town, Wakayama Prefecture (Mayor: Norihiko Sakato; hereinafter referred to as "Aridagawa Town") and The Kiyo Bank, Ltd. (Head Office: Wakayama City, Wakayama Prefecture; Director and President: Hiroyuki Haraguchi; hereinafter referred to as "Kiyo Bank").

Based on this agreement, the three parties will work on the creation and distribution of environmental value, including J-Credits (Note 1), and the creation of new business models.

Note 1: The J-Credit System is a system in which the Japanese government certifies greenhouse gas emission reductions achieved through the introduction of energy-saving and renewable energy equipment, and greenhouse gas absorption achieved through appropriate forest management, as "J-Credits." Issued J-Credits can be traded with other companies, and purchasers can use them to achieve their own greenhouse gas reduction targets.

[Date of Agreement]

June 26, 2026 (Fri)

[Agreement Details]

With the aim of contributing to the realization of carbon neutrality and a circular economy in the region, the three parties will cooperate on the following matters:

(1) Provision of information, services, and know-how related to environmental value (2) Creation of new business models utilizing environmental value (3) Other matters that the parties deem conducive to the purpose of this agreement

[Background of Agreement]

Aridagawa Town declared "Aridagawa Town Zero Carbon City Declaration" on June 5, 2024 (Wed), aiming for net zero carbon dioxide emissions by 2050. To achieve this, the town is actively working on the utilization of renewable energy, energy saving, and waste reduction.

Furthermore, Kiyo Bank and Bywill signed a "Partnership Agreement on Carbon Credits" in March 2024, and have been working together towards regional decarbonization. Through Kiyo Bank's introduction of Bywill to Aridagawa Town, this partnership agreement has been reached to promote the creation and utilization of J-Credits, which will be a new initiative for Aridagawa Town.

Reference)

・Aridagawa Town: Aridagawa Town Zero Carbon City Declaration (https://www.town.aridagawa.lg.jp/material/files/group/6/aridagawa_zerocarbon20240605.pdf)

[Future Outlook]

Aiming to realize Aridagawa Town's Zero Carbon City, the three parties will cooperate to promote the creation and distribution of J-Credits. Regarding the method for creating J-Credits (methodology), we are considering starting with the introduction of LED equipment, and then expanding to creation using other methodologies.

Bywill will seamlessly support the registration and application of J-Credit creation projects in Aridagawa Town, as well as monitoring and sales of the created credits. In addition, in terms of sales, we will cooperate with Kiyo Bank to promote the decarbonization of Aridagawa Town and other regions through "local production for local consumption."

[Overview of the Three Parties]

<Overview of Aridagawa Town>

Representative: Mayor Norihiko Sakato

Location: 2018-4 Shimo-tsuno, Arida-gun, Aridagawa Town, Wakayama Prefecture

Official Website: https://www.town.aridagawa.lg.jp/

<Overview of The Kiyo Bank, Ltd.>

Name: The Kiyo Bank, Ltd.

Representative: Director and President Hiroyuki Haraguchi

Head Office: 1-35 Honmachi, Wakayama City, Wakayama Prefecture

Business Activities: Deposits, loans, securities investment, domestic and foreign exchange, trading of government bonds, etc., agency business, and others

Official Website: https://www.kiyobank.co.jp/

<Overview of Bywill Inc.>

Name: Bywill Inc.

Representative: President and CEO Yuichiro Shimomura

Location: Hulic Ginza 7-chome Building 4F, 7-3-5 Ginza, Chuo-ku, Tokyo

Business Activities:

・Environmental value creation support business (creation of carbon credits, etc.) ・Environmental value trading business (procurement and brokerage of carbon credits, etc.) ・GX consulting business ・Brand consulting business

Corporate Website: https://www.bywill.co.jp/

[Contact for Inquiries Regarding This Release]

Bywill Inc. Public Relations Department

e-mail: pr@bywill.co.jp TEL: 03-6262-3584 (General)

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  • Source: PR TIMES
  • Category: 協定