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Other Disclosures3167TOKAI Holdings CorporationTrading & Wholesale

Tokai Gas: Initiative for the Public-Private Partnership-Based "Fujieda-Style Forest Carbon Credit"

In the forest carbon credit business being advanced by Fujieda City, 東海ガス, 静銀経営コンサルティング株式会社 and others, Fujieda City’s first forest credits were certified, and 1,002 t-CO2 were issued. 東海ガス plans to supply carbon-offset city gas and LP gas using these credits to facilities and businesses in the city.

Worth reading
75Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
1002
t-CO2
Wording
Conditional
How definitive the wording is.

Announced details

Fujieda-style forest carbon creditsSetonoya Forest Conservation ProjectCarbon-offset city gasCarbon-offset LP gas
Applicable field (uses covered by this announcement)
Forest resource managementCarbon offsetsCity gasLP gasUse and distribution of timberRevitalization of the Local Economy
Launch dateSupply planned (specific start date: Not disclosed)
What the company reported numerically
Quantitative Effects

Credits equivalent to 1,002 t-CO2 issued

Relationship between the counterparty and the company
TOKAI Holdings Corporation3167
Relationship with the Company

東海ガス株式会社 is our subsidiary. 東海ガス is advancing this initiative in collaboration with Fujieda City and 静銀経営コンサルティング株式会社. 渡辺林業株式会社 and TMホーム株式会社 will generate the credits.

CounterpartyFujieda City静銀経営コンサルティング株式会社渡辺林業株式会社TMホーム株式会社Fujieda City HallSetotani Elementary and Junior High SchoolsQuiet Forest Campground

Fujieda City (Mayor Kitamura Shohei (北村正平)), 静銀経営コンサルティング株式会社 (President Suzuki Atsushi (鈴木淳史)), 渡辺林業株式会社 (head office: Setonoya, Fujieda City), TMホーム株式会社 (head office: Zenzaemon, Fujieda City)

Award/certification name

Certification under the J-Credit Scheme of the “Setonoya Forest Conservation Project”

Registration number and expiry date

Registration month: March 2024; registration period: 1 April 2023 to 31 March 2039

Location (as indicated in this announcement)

Setonoya district, Fujieda City

Approximately 200 hectares

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredFujieda-style forest carbon credits, Setonoya Forest Conservation Project, Carbon-offset city gas, Carbon-offset LP gas
CounterpartyFujieda City, 静銀経営コンサルティング株式会社, 渡辺林業株式会社, TMホーム株式会社, Fujieda City Hall, Setotani Elementary and Junior High Schools, Quiet Forest Campground
Counterparty overviewFujieda City (Mayor Kitamura Shohei (北村正平)), 静銀経営コンサルティング株式会社 (President Suzuki Atsushi (鈴木淳史)), 渡辺林業株式会社 (head office: Setonoya, Fujieda City), TMホーム株式会社 (head office: Zenzaemon, Fujieda City)
Relationship with the Company東海ガス株式会社 is our subsidiary. 東海ガス is advancing this initiative in collaboration with Fujieda City and 静銀経営コンサルティング株式会社. 渡辺林業株式会社 and TMホーム株式会社 will generate the credits.
Launch dateSupply planned (specific start date: Not disclosed)
Applicable areaForest resource management, Carbon offsets, City gas, LP gas, Use and distribution of timber, Revitalization of the Local Economy
Award/certification nameCertification under the J-Credit Scheme of the “Setonoya Forest Conservation Project”
Registration number and expiry dateRegistration month: March 2024; registration period: 1 April 2023 to 31 March 2039
LocationSetonoya district, Fujieda City
Location scaleApproximately 200 hectares
Quantitative EffectsCredits equivalent to 1,002 t-CO2 issued
Items this document does not state (7)
Contract ValueOffering priceContract DateAwarding / certifying bodyUsage historyImpact on Business PerformanceSource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To promote the use of the J-Credit Scheme by leveraging Fujieda City’s forest resources, visualize and monetize carbon dioxide absorption, establish a regional circular model that includes the use and distribution of timber, and work toward a decarbonized society and the transfer of forest resources to future generations.

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Tokai Gas: Initiative for the Public-Private Partnership-Based "Fujieda-Style Forest Carbon Credit" | TOKAI Holdings Corporation (3167) timely disclosure | Komori