News Release

Furukawa Electric Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; “Furukawa Electric”), ENEOS Corporation (Head Office: Chiyoda-ku, Tokyo; “ENEOS”), and The Sumitomo Warehouse Co., Ltd. (Head Office: Kita-ku, Osaka; “Sumitomo Warehouse”) have collaborated under the Tokyo Metropolitan Government’s program titled “Promotion of SAF Utilization in Air Cargo Transportation for Corporate Scope 3 Emissions Reduction”^{(note 1)} and have made use of the environmental attributes of Sustainable Aviation Fuel (SAF, ^{note 2}).
Under this program, Sumitomo Warehouse, selected as a cargo agent, and Furukawa Electric, the cargo owner, entered into an SAF environmental attribute trading agreement. Through ENEOS’s SAF environmental attribute provision scheme, the three companies reduce greenhouse gas (GHG, ^{note 3}) 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.