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  5. Revision of "Guidance for Encouraging Japanese Companies to Address International Initiatives on Climate Change: - Supporting Companies Making Use of Renewable Energy in Japan under Scope 2 Guidance of the GHG Protocol -"

Revision of "Guidance for Encouraging Japanese Companies to Address International Initiatives on Climate Change: - Supporting Companies Making Use of Renewable Energy in Japan under Scope 2 Guidance of the GHG Protocol -"

March 31, 2021

In March 2019, the Ministry of Economy, Trade and Industry (METI) formulated the "Guidance for Encouraging Japanese Companies to Address International Initiatives on Climate Change: - Supporting Companies Making Use of Renewable Energy in Japan under Scope 2 Guidance of the GHG Protocol -" in order to summarize and disseminate information on approaches for encouraging Japanese companies, under the existing Japanese systems, to calculate their greenhouse gas (GHG) emissions that meet the international initiatives on climate change and to claim the value of renewable energy (renewable energy value).

Following the new issuance of Non-FiT Non-Fossil Certificates (NFCs) in addition to the FiT NFCs, METI has revised this guidance by adjusting the relevant wording, and updating information on the status of international initiatives on climate change.

1. Background

Recent international initiatives on climate change (e.g., CDP, RE100, and SBT) require that global companies disclose information on their measures against it, and the influence of such initiatives is growing. In response to this trend, Japanese companies are also now required to disclose this kind of information. The initiatives recommend that companies utilize private standards called "GHG protocols" in calculating and reporting their GHG emissions, and these standards are becoming global.

In light of this situation, the Study Group on Encouraging Japanese Companies to Address International Initiatives on Climate Change, which METI established in October 2018, held discussions on approaches for encouraging Japanese companies, under the existing Japanese systems, to calculate their GHG emissions that meet the GHG protocol on climate change and to claim the renewable energy value. In March 2019, METI formulated the "Guidance for Encouraging Japanese Companies to Address International Initiatives on Climate Change: - Supporting Companies Making Use of Renewable Energy in Japan under Scope 2 Guidance of the GHG Protocol -."

METI has now revised this guidance in order to make it more useful for business operators by adjusting the wording related to NFCs and updating information on the status of international initiatives on climate change.

2. Major points in the revisions

(1) Adjustment of wording related to Non-Fossil Certificates

Following the new issuance of Non-FiT Non-Fossil Certificates (NFCs) in addition to the FiT NFCs, the types of NFCs covered by the guidance have been defined and the relevant wording has been adjusted.

(2) Outline of international initiatives on climate change

Information on international initiatives on climate change, such as CDP, SBT, and RE100, has been updated.

Links to related information

Division in Charge

Environmental Economy Office, Industrial Science and Technology Policy and Environment Bureau

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