Using Carbon Offset Credit Schemes in and outside of Japan
In addition to the Green Power Certification System, Sony uses other carbon offset credit schemes as part of its initiatives to use renewable energy.
In Japan, Sony also uses the J-Credit*2 and J-VER*3 carbon offset credit schemes. Under the J-Credit Scheme, Sony purchased renewable energy credits equivalent to reducing some 14,900 tons of greenhouse gas emissions. This included the purchase of credits equivalent to reducing approximately 13,500 tons of greenhouse gas emissions, from 25 national projects involved in renewable energy credits, particularly wood biomass energy. Sony continues to purchase credits from a carbon offset project that is being implemented by the municipality of Tokamachi, Niigata Prefecture in partnership with local small and medium-sized businesses, and in fiscal 2015 purchased credits equivalent to reducing some 1,400 tons of greenhouse gas emissions. Under the J-VER Scheme, Sony purchased credits equivalent to reducing some 666 tons of greenhouse gas emissions from a forest carbon absorption project in Tsubetsu, Hokkaido. These credits were applied to offset emissions by Sony Bank Inc. and Sony Assurance Inc.
Outside of Japan, Sony uses the Kyoto Mechanism Credit Scheme. Sony contributed to the Japan GHG Reduction Fund (JGRF) that was established in December 2004, up until JGRF expired in May 2014. JGRF was established to purchase emissions credits from greenhouse gas emission reduction projects in developing countries, for allocation to the Fund's corporate contributors. Through its contributions to JGRF, Sony purchased credits equivalent to reducing some 156,000 tons of CO2 emissions.