Furukawa Electric, Eneos, Sumitomo Warehouse collaborate to reduce scope 3 emissions through SAF use

Source: Eneos Corp.

Japan-based Furukawa Electric Co. Ltd., Eneos Corp. and the Sumitomo Warehouse Co. Ltd. are collaborating under a Tokyo metropolitan government program to promote sustainable aviation fuel (SAF) in air-cargo transport to reduce scope 3 emissions and have made use of SAF’s environmental attributes, Eneos announced May 11.

This program, run by the Tokyo metropolitan government, aims to reduce CO2 emissions throughout a company’s supply chain by subsidizing the costs incurred when cargo owners use SAF in air-cargo transportation conducted through cargo agents.

Under this program, Sumitomo Warehouse, selected as a cargo agent, and Furukawa Electric, the cargo owner, entered into a trading agreement for SAF environmental attributes.

Through Eneos’ SAF environmental-attribute provision scheme, the three companies reduce greenhouse-gas emissions associated with air-cargo transportation.

Under this scheme, Eneos issued GHG emissions-reduction certificates equivalent to the respective amounts of SAF utilized to both Sumitomo Warehouse and Furukawa Electric for air-cargo shipments arranged by Sumitomo Warehouse on behalf of Furukawa Electric.

As a result, end-to-end utilization of SAF environmental attributes across the supply chain became possible without requiring the cargo agent to maintain its own SAF environmental-attribute management program.

This is an innovative initiative that facilitates GHG-emissions reductions.

Through this program, Furukawa Electric, Eneos and Sumitomo Warehouse will promote decarbonization in the air-cargo transportation sector and contribute to the reduction of GHG emissions across the entire supply chain.