July 1, 2024
ENEOS Renewable Energy Corporation
ERE Purchases J-Credit from Forestry Association of Wind Farm Site andAchieves Carbon Neutrality (Scope 1 and 2)
ENEOS Renewable Energy Corporation (“ERE”; headquartered in Minato-ku, Tokyo; Kazuhiro
Takeuchi, CEO) purchased J-Credit derived from a forest in the village of Morotsuka inHigashiusuki District, Miyazaki Prefecture (hereinafter, “Credit”). The credit was created by
the Mimikawa Regional Forestry Association (headquarters: Hyuga City, Miyazaki; President:Koji Hirano). The purchase will help reforestation activities in Morotsuka and is being used tooffset ERE’s Scope 1 carbon emissions. This along with the purchase of FIT Non-Fossil
Certificates led to the achievement of carbon neutrality in fiscal 2023 for the company.
The Mimikawa Regional Forestry Association boasts one of the largest operations in Japan,
covering the Mimikawa drainage basin. In addition to Morotsuka, where ERE’s Nakakyushu
Onitayama Wind Farm and Nakakyushu Onitayama 2 Wind Farm are located, the association
also manages forests in Hyuga, Kadogawa, Misato, and Shiiba. Over 90% of the total area ofMorotsuka is privately owned forest. The locals have a long tradition of protecting andnurturing the forest. By creating the Credit and using the proceeds for reforestation activities,
Morotsuka will resolve the issue of ensuring sustainable forest resources and a stable timber
supply. The reforestation will also serve to absorb CO₂.
ERE used the Credits to offset approximately 101 t-CO₂ of Scope 1 carbon emissions of theprevious fiscal year, thereby reducing its Scope 1 emissions to zero. Renewable energyderived FIT Non-Fossil Certificates were also procured from the market for approximately
11,330 MWh of power purchased by all power plants from external parties the previous fiscalyear, which reduced the company’s Scope 2 emissions to zero as well. These efforts led to theachievement of Scope 1 and 2 carbon neutrality for fiscal 2023.
Going forward, ERE will continue to contribute to building a sustainable decarbonized society
by supporting communities and their forestry activities, utilizing systems that promotedecarbonization, and spreading renewable energy.

Corporate Communications & CSR, Roppongi Hills North Tower, 6-2-31 Roppongi, Minato-ku, Tokyo, 106-0032, Japan
TEL +81-3-6455-4905pr@eneos-re.com

*The J-Credit Scheme is a government certification program that certifies as credits the amount of emissions such as CO₂
reduced, or amount removed by sinks through proper forest management. The Mimikawa Regional Forestry Association
applied last year for reforestation activities in privately owned forests in Morotsuka and was certified for 2,209 t-CO₂ worthof J-Credits.
Mimikawa Regional Forestry Association (in Japanese only)：http://mimikawa-kouiki.org
ERE webpages on CO₂ emissions:
https://www.eneos-re.com/english/sustainability/materiality/environment02/
https://www.eneos-re.com/english/sustainability/tcfd/

Recent photographs of Morotsuka Village in Higashiusuki District, Miyazaki Prefecture
Left: Forest in Mimikawa drainage basin, Right: Wind-themed art event (November 2023)

Corporate Communications & CSR, Roppongi Hills North Tower, 6-2-31 Roppongi, Minato-ku, Tokyo, 106-0032, Japan
TEL +81-3-6455-4905
pr@eneos-re.com