NTT DATA and Bank of Nagoya Start Collaboration to Achieve Carbon Neutrality in the Tokai Economic Zone
NTT DATA has introduced its GHG emissions visualization platform 'C-Turtle FE' to the Bank of Nagoya. This collaboration aims to advance the calculation of financed emissions and support decarbonization in the Tokai economic zone by offering 'C-Turtle' to regional companies for free.
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- 📰 Published: March 30, 2026 at 22:04
- 🔍 Collected: March 30, 2026 at 22:56 (51 min after Published)
- 🤖 AI Analyzed: April 24, 2026 at 07:11 (584h 15m after Collected)
NTT DATA Corporation (President and CEO: Masanori Suzuki; hereinafter "NTT DATA") and Bank of Nagoya, Ltd. (President: Ichiro Fujiwara; hereinafter "Bank of Nagoya") have begun collaborating on the introduction of "C-Turtle® FE" and its regional deployment to achieve carbon neutrality in areas centered around the Tokai economic zone. In this collaboration, the GHG emissions (Note 1) visualization platform "C-Turtle FE" will be utilized to advance the calculation of GHG emissions related to the Bank of Nagoya's investees and borrowers (hereinafter "financed emissions" (Note 2)). At the same time, by providing the GHG emissions calculation platform "C-Turtle" free of charge to regional companies that receive investments and loans from the Bank of Nagoya, the initiative aims to improve engagement with these local businesses. This effort is realized based on a contract between the Bank of Nagoya and NTT DATA. The introduction of C-Turtle FE marks the first such instance among financial institutions headquartered in Aichi Prefecture.
[Background]
As a response to achieving carbon neutrality, financial institutions are required to calculate and disclose not only the GHG emissions of their own groups but also the financed emissions of their investees and borrowers. The Bank of Nagoya has now introduced "C-Turtle FE," provided by NTT DATA, with the goal of efficiently and accurately calculating financed emissions for tens of thousands of investees and borrowers. Additionally, as a customer engagement measure for GHG reduction, the bank has decided to start providing "C-Turtle" free of charge to its investees and borrowers.
As a financial institution supporting the local community, the Bank of Nagoya has identified three materialities: "Supporting the sound growth of the regional economy," "Contributing to sustainable environmental conservation," and "Developing human resources who will continue to thrive in the future," and is working sincerely to solve the issues faced by its investees and borrowers. Furthermore, the bank has set a goal of "500 billion yen in cumulative ESG investment and financing execution" over the 10 years up to FY2030, and aims to achieve carbon neutrality in Scope 1 and 2 by FY2050. The Bank of Nagoya determined that it is important not only to calculate its own emissions but also to calculate and disclose emissions including those of its suppliers, such as investees, borrowers, and vendors, and to proceed with GHG emission reductions in cooperation with suppliers across various industries in the Tokai economic zone. Therefore, the bank decided to introduce C-Turtle FE provided by NTT DATA.
[About C-Turtle FE]
C-Turtle FE is a service that supports the visualization and reduction of financed emissions in compliance with the international standard for financial institutions, the "PCAF (Note 3) Standard," operating on C-Turtle, which adopts the "total emission allocation method" that allows a company to incorporate supplier reduction efforts as the reduction effect of its own Scope 3 emissions. By using primary data on GHG emissions of investees and borrowers through C-Turtle FE, it becomes possible to calculate financed emissions with high data quality that reflects GHG emission reduction efforts.
[About C-Turtle]
C-Turtle is a GHG emissions visualization platform that enables actionable Scope 3 calculation for reductions. Generally, Scope 3 calculation is often done by multiplying "activity level (scale of corporate activity)" by "emission intensity (market average)," which makes it difficult to reflect the reduction efforts of individual companies. C-Turtle utilizes actual measured values (primary data) of suppliers' emissions for Scope 3 calculation, enabling the incorporation of suppliers' reduction efforts into the company's own emissions.
[Background]
As a response to achieving carbon neutrality, financial institutions are required to calculate and disclose not only the GHG emissions of their own groups but also the financed emissions of their investees and borrowers. The Bank of Nagoya has now introduced "C-Turtle FE," provided by NTT DATA, with the goal of efficiently and accurately calculating financed emissions for tens of thousands of investees and borrowers. Additionally, as a customer engagement measure for GHG reduction, the bank has decided to start providing "C-Turtle" free of charge to its investees and borrowers.
As a financial institution supporting the local community, the Bank of Nagoya has identified three materialities: "Supporting the sound growth of the regional economy," "Contributing to sustainable environmental conservation," and "Developing human resources who will continue to thrive in the future," and is working sincerely to solve the issues faced by its investees and borrowers. Furthermore, the bank has set a goal of "500 billion yen in cumulative ESG investment and financing execution" over the 10 years up to FY2030, and aims to achieve carbon neutrality in Scope 1 and 2 by FY2050. The Bank of Nagoya determined that it is important not only to calculate its own emissions but also to calculate and disclose emissions including those of its suppliers, such as investees, borrowers, and vendors, and to proceed with GHG emission reductions in cooperation with suppliers across various industries in the Tokai economic zone. Therefore, the bank decided to introduce C-Turtle FE provided by NTT DATA.
[About C-Turtle FE]
C-Turtle FE is a service that supports the visualization and reduction of financed emissions in compliance with the international standard for financial institutions, the "PCAF (Note 3) Standard," operating on C-Turtle, which adopts the "total emission allocation method" that allows a company to incorporate supplier reduction efforts as the reduction effect of its own Scope 3 emissions. By using primary data on GHG emissions of investees and borrowers through C-Turtle FE, it becomes possible to calculate financed emissions with high data quality that reflects GHG emission reduction efforts.
[About C-Turtle]
C-Turtle is a GHG emissions visualization platform that enables actionable Scope 3 calculation for reductions. Generally, Scope 3 calculation is often done by multiplying "activity level (scale of corporate activity)" by "emission intensity (market average)," which makes it difficult to reflect the reduction efforts of individual companies. C-Turtle utilizes actual measured values (primary data) of suppliers' emissions for Scope 3 calculation, enabling the incorporation of suppliers' reduction efforts into the company's own emissions.