Comprehensive Agreement for Carbon Neutrality between Joyo Bank and TEPCO Holdings

Strategic Insights -

Joyo Bank, TEPCO Holdings, and TEPCO Energy Partner have concluded a comprehensive agreement to promote collaborative creation aimed at improving area value and realizing carbon neutrality. The agreement targets net zero CO2 emissions for Joyo Bank by fiscal 2030, with a focus on supporting environment, energy, disaster prevention, and urban development measures. The partnership aims to introduce renewable energy power sources, particularly solar power generation, and consider a system to charge and store electric vehicles from solar power generation equipment at Joyo Bank branches.

Key Takeaways:

  • Joyo Bank aims to achieve net zero CO2 emissions by fiscal 2030 and support environment, energy, disaster prevention, and urban development measures in the entire region.
  • The partnership will introduce renewable energy power sources, centered on solar power generation, at Joyo Bank's head office and each branch.
  • The introduction of renewable energy power sources will help maintain financial infrastructure in the event of a disaster, improving regional resilience.
  • TEPCO Holdings and TEPCO Energy Partner will provide technical support for the introduction of renewable energy facilities and develop financial products that acquire environmental value.
  • The three companies will consider initiatives related to the introduction of ZEB facilities, infrastructure development for the spread of EVs, improvement of resilience in the event of a disaster, and development of financial products that acquire environmental value.

Statistics:

  • By 2030, Joyo Bank aims to achieve net zero CO2 emissions.
  • The partnership will introduce renewable energy power sources, with a focus on solar power generation, at Joyo Bank's head office and each branch.
  • The system to charge and store electric vehicles from solar power generation equipment will be considered for introduction at Joyo Bank branches.
  • 100% of renewable energy power generation will be achieved through the development of new renewable energy power sources.
  • Presidential Decree Article 42-7 requires companies like Joyo Bank and TEPCO Holdings to minimize their environmental impact.

Sources:

  • Tokyo Electric Power Company Holdings, Inc. (July 20), Original Press Release.
  • Joyo Bank, Ltd., and Mebuki Financial Group, Group Environmental Policy.
  • Tokyo Electric Power Company Holdings, Inc., TEPCO Group carbon neutrality goals and environmental initiatives.