Creating Added Value in Decarbonization Initiatives
Santomo Resources Co., Ltd. (Head Office: Tokyo; President: Tomoichi Yamaguchi; hereinafter “Santomo”) will participate in the “Carbon Credit Market” pilot project organized by the Tokyo Stock Exchange (Head Office: Tokyo; President: Hiromi Yamamichi; hereinafter “TSE”), aimed at building a decarbonized society.
In recent years, global efforts toward achieving carbon neutrality by 2050 have accelerated. In Japan, the “Green Growth Strategy toward 2050 Carbon Neutrality” was formulated at the end of 2020.
Against this backdrop, the Ministry of Economy, Trade and Industry (METI) has emphasized the need to establish a domestic carbon credit market that enables companies to procure internationally recognized credits.
The TSE, commissioned by METI, will begin trial transactions in the carbon credit market this September as part of the pilot project.
To support Japan’s national goal of achieving carbon neutrality by 2050, Santomo will participate in this pilot project and engage in transactions of “J-Credits,” which comply with domestic regulations. Through this initiative, Santomo aims to create added value in its decarbonization business and contribute to building a society where companies can more easily reduce (offset) CO₂ emissions through market-based transactions.
Looking ahead, Santomo plans to develop and implement decarbonization projects overseas, particularly in Indonesia, and to generate forest-derived carbon credits through forest management initiatives.
Santomo remains committed to pursuing diverse initiatives and challenges in order to realize carbon neutrality.