e-dash Inc., which provides the CO2 emissions visualization and reduction service platform “e-dash,” has today begun collaboration with Mizuho Bank, Ltd. on Mizuho Bank’s “GHG Visualization Impact Finance”, which supports medium-sized and small business clients from the first step in their decarbonization efforts.
As various industries and sectors are making efforts to disclose and reduce GHG emissions in order to achieve carbon neutrality by 2050, it is becoming increasingly important to have mechanisms that support smooth decarbonization for companies and support the decarbonization of the entire supply chain and the structural transformation of industries.
In this environment, in February 2024, Mizuho Bank, Mizuho Innovation Frontier Co., Ltd., Mitsui & Co., Ltd., and e-dash signed a capital and business alliance agreement with the aim of not only visualizing customers’ emissions, but also building a system that supports the decarbonization of the entire supply chain and the structural transformation of industry. The development of this product is part of the development of new solutions based on this capital and business alliance.
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Decarbonizing the entire supply chain requires efforts not only from large companies but also from small and medium-sized enterprises. While interest in decarbonization among small and medium-sized enterprises is growing day by day, the reality is that many companies face challenges such as a lack of specialized knowledge and manpower, and uncertainty about the level of effort required.
The features of this product are: 1) Using “e-dash” to easily and accurately visualize emissions and set reduction targets, and 2) supporting customers by considering ways to achieve reduction targets through monitoring during the loan period.
Through this product, we will support small and medium-sized enterprises in their decarbonization efforts from the first step to the realization of emission reductions, creating a positive impact on climate change. The framework for this product has received a letter of opinion from Japan Credit Rating Agency, Ltd. (JCR) stating that it conforms to the Ministry of the Environment’s “Basic Concept of Impact Finance.”
Going forward, through our collaboration with Mizuho Bank on “GHG Visualization Impact Finance,” we will support the decarbonization of our small and medium-sized enterprise clients and contribute to Japan’s achievement of carbon neutrality.
SOURCE: PRTimes
