Press ReleasesNippon Paper Industries Sells J-Credits of Kitayama Company-Owned Forest to Suzuyo Shoji for Supplying Carbon-Free Electricity for Local ConsumptionAn initiative to connect tree thinning and appropriate forest management to carbon offsetting

Nippon Paper Industries Co., Ltd.

Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro; hereinafter "the Company") announces that it will sell part of the J-Credits (Note 1) that it has generated for carbon offsetting in its Kitayama Forest (Fujinomiya, Shizuoka; 670 ha) at the foot of Mt. Fuji to Suzuyo Shoji Co., Ltd. (President: Shogo Wakimoto), which supplies electricity as an electricity retailer, for the local production for local consumption of carbon-free electricity, mainly in Shizuoka Prefecture.

The Company owns approximately 90,000 ha of forests in Japan. Over the years it has promoted the effective use of domestic lumber and has worked on appropriate forest management. All of the Company-owned forests have been certified by the SGEC Certification Scheme, an international forest certification scheme (Note 2). The Kitayama Forest is the first forest that has obtained the SGEC Forest Certification. Since 2012, the Company has executed a tree thinning project under the Ministry of the Environment's Offsetting Credit (J-VER) Scheme and has generated credits through this project.

The Company cultivates its forests and provides products and services using wood, a renewable resource, as a raw material under the slogan of a comprehensive biomass company shaping the future with trees. The Company will contribute to running sustainable society through appropriate forest management.

Related news release

News release from Suzuyo Shoji Co., Ltd. (September 27, 2016)

Supplying Carbon-free Electricity Using J-Credits in Shizuoka Prefecture

(Verification of the Local Production for Local Consumption of Environmental Value) (Japanese)

(Note 1)

Under the J-Credit Scheme, the government certifies credit as the amount of greenhouse gas emissions reduced and removed through efforts to introduce energy-saving devices and manage forests. This scheme was created through the integration of the Domestic Credit Scheme and the Offsetting Credit (J-VER) Scheme.

(Note 2)

The SGEC Certification Scheme was established in 2003 for the promotion of the domestic forestry, the wood industry, and sustainable forest management in Japan. In June 2016, the mutual recognition of the SGEC Certification Scheme and the PEFC, the international forest certification program, was accepted.