In August 2024, a project was launched to build a new scheme for trading Scope 3 environmental value to encourage the use of sustainable aviation fuel (SAF). Having completed the first phase of demonstration testing of Scope 3 environmental value trading to verify the effectiveness of the new scheme, the participating companies have released the results. The demonstration test enabled the participating companies to gain knowledge about trading Scope 3 environmental value, and to identify issues. The second phase of demonstration testing will see the number of participating companies expanded in an effort to further boost awareness of Scope 3 environmental value, and step up trading. In doing so, the project partners will consider approaches to the scheme ahead of its full-scale social implementation. ■ Participating companies
ITOCHU Corporation, ENEOS Corporation, NIPPON EXPRESS HOLDINGS, INC., Japan Airlines Co., Ltd., Mizuho Bank, Ltd., Mizuho Research & Technologies, Ltd., and NARITA INTERNATIONAL AIRPORT CORPORATION
■ Implementation period
August 2024 – March 2025 (8 months)
■ Main outcomes
• Scope 3 environmental value sellers and purchasers registered trading information on the platform, which led to successful trades through matching of trading terms and signing of bilateral contracts.
• Confirmed the successful establishment of a platform system that brought together multiple (....)