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e-dash and Hamamatsu Iwata Shinkin Bank form business alliance for CO2 emissions visualisation service

e-dash Corporation (e-dash) announces a business alliance with Hamamatsu Iwata Shinkin Bank (Chairman: Hirohisa Takayanagi) to jointly support the decarbonisation efforts of Hamamatsu Iwata Shinkin Bank’s business partners.

e-dash” is a service platform from Mitsui & Co. that comprehensively supports initiatives to reduce CO2 emissions. The system provides a mechanism to accumulate accurate data while reducing calculation effort, for example by automatically and easily calculating CO2 emissions (Scope 1 and 2) through the business by simply uploading energy bills for electricity, gas, etc. Supply chain emissions (Scope 3) can also be easily calculated and visualised on the software.

With the move towards carbon neutrality by 2050 in full swing, the disclosure and reduction of CO2 emissions has become one of the most important management issues for all companies. This trend is gaining momentum in the form of TCFD compliance by prime listed companies and requests for disclosure of emissions information in the supply chain, particularly in the automotive industry. The latter is becoming a trend regardless of industry sector or company size, with an increasing number of companies, including small and medium-sized enterprises (SMEs), being required to identify and submit information on their emissions.

In order for SMEs, which account for 99.7% of all companies in Japan, not to be left behind in the decarbonisation trend and to promote decarbonisation, it is very important for financial institutions, which are the closest to the management of each company, to play a role. The e-dash system is a first step in the process of decarbonising the economy. In addition, we will work together with our customers over the medium to long term to realise a decarbonised society, including supporting the implementation of measures to reduce emissions beyond that point. Furthermore, we will support the implementation of various measures to reduce CO2 emissions, not only by visualising CO2 emissions, but also by utilising Mitsui’s network.