Signed a contract with Kosai City, Shizuoka Prefecture "Agreement on Sustainable Forest Collaboration"

Nippon Paper Industries Co.,Ltd.

Nippon Paper Industries Co.,Ltd. (President & CEO: Toru Nozawa, Headquarters: Chiyoda-ku, Tokyo, hereinafter referred to as"NIPPON PAPER INDUSTRIES”) and Kosai City, Shizuoka Prefecture ( Mayor: Hiroyuki Tanai, hereinafter referred to as"Kosai City") are subsidized subsidized afforestation land^*1 (hereinafter referred to as "hereinafter referred to as"Huxi Branch Forest") to formulate a sustainable forest management plan and conclude an agreement that will contribute to carbon neutrality in the region.

The content of the forest management plan formulated is the thinning of cedar and cypress artificial forests. By promoting the amount of CO2 absorbed by this thinning, we plan to create J-Credits and use them to offset GHG emissions, mainly in Kosai City, which has declared"Zero Carbon City", and promote contribution to the local community.

*1 A system in which trees are planted and grown for a certain period of time according to a contract between the parties to the forester (non-landowner), and the harvest trees are sold after the forest is established, and the proceeds (sales proceeds) are distributed at a certain percentage agreed in advance between the landowner and the forester.

　

In addition, the collaborative initiative concept is formulated not only by NIPPON PAPER INDUSTRIES and Kosai City, but also with the cooperation and support of Shizuoka Financial Group, which has signed a "Agreement on Mutual Cooperation and Collaboration for the Promotion of Carbon Neutrality" agreement with Kosai City.

 

In addition, the use of"Forest Power Restoration Project"^*2 in Shizuoka Prefecture was an opportunity to use the prefecture's digital data, and the Hibisa Town Forest Association was able to carry out thinning as a leader in forest maintenance."

*2 Laser aerial survey data acquired by "Forest Power Restoration Project" and virtual Shizuoka policies for reforestation

 

We plan to register a J-credit project of 200,000 t-CO2 (total amount during the certification period) targeted for the four years of FY2024~27 in domestic company-owned forests, and we will proceed while considering cooperation and contribution with local governments in the registered areas.

■Project Overview

・Certification period: July 16, 2024~March 31, 2040 (16 years)

・Application methodology: FO-001 Regular type

・Planned amount of credit creation: Approximately 12,000 t-CO2

・Area of the credit implementation site: 100.47 ha (sub-forest area: 207.69 ha) Registered value

[Related Links]

Shizuoka "Forest Power Restoration Project"

About the Forest Power Restoration Project| Shizuoka Prefecture Official Website (pref.shizuoka.jp)

 

Huxi "Zero Carbon City" Declaration

Huxi City "Zero Carbon City" Declaration/Huxi City (city.kosai.shizuoka.jp)