Green Carbon, Inc. (Representative Director: Jun Okita, hereinafter, “Green Carbon”), a company that develops and sells nature-based carbon credits, pleased to announce that Green Carbon has received an investment from Mitsubishi UFJ Trust and Banking Corporation (President: Hiroshi Kubota; hereinafter, “Mitsubishi UFJ Trust and Banking”) to strengthen collaboration in the joint creation of nature-based carbon credits both in Japan and overseas.
◆ Background of Investment from Mitsubishi UFJ Trust and Banking
Green Carbon is focused on generating nature-based carbon credits, primarily in Southeast Asia, with a wide range of projects including forest conservation, rice paddies, mangrove afforestation, livestock methane reduction, and biochar projects. The company develops carbon credit projects that are well-suited to the natural resources of each region and uses satellite data for site selection and monitoring, ensuring efficient and transparent project operations.
In June 2025, we entered into a comprehensive business alliance with Mitsubishi UFJ Trust and Banking. As the first project under this alliance, we have started a pilot demonstration project in Nueva Vizcaya Province on Luzon Island in the northern Philippines, aiming to create carbon credits by applying the JCM (Joint Crediting Mechanism※1) methodology “Methane emission reduction through changes in water management in paddy fields” (hereinafter, “this project”). This is the first initiative of its kind for a Japanese bank, and this project aims to reduce methane gas emissions by introducing AWD (Alternate Wetting and Drying※2) to the target paddy fields in Nueva Vizcaya Province, Philippines.
In addition, Green Carbon have decided to accept this investment to further strengthen our collaboration in the joint creation of domestic and international carbon credits and to maximize the use of Mitsubishi UFJ Trust and Banking’s customer base and global network. Going forward, Green Carbon will aim to support our customers’ decarbonization efforts and contribute to Japan’s decarbonization by creating and expanding high-quality credits with a promising volume.
Here is More information
◆Comments from Each Company
Hideki Tsuruoka, Deputy General Manager, Corporate Business Division & General Manager, Corporate Business Development Department, Mitsubishi UFJ Trust and Banking Corporation
Our collaboration with Green Carbon is not limited to the carbon credit creation project in the Philippines. Our goal is for both companies to promote the wider adoption of carbon credits, such as JCM and J-Credits.
For some time, we have been working to promote decarbonization, for example by providing acquisition and management solutions for emission allowances—the predecessors of carbon credits—using our trust functions. Going forward, we will aim to contribute even more to decarbonization as a financial institution by providing solutions such as consulting for carbon credit development and financial product creation for carbon credits.
Jun Okita, CEO, Green Carbon inc.
Green Carbon began a full-scale expansion of its domestic and international business in fiscal year 2024. We are growing by forming projects and alliances not only in Japan but also in Southeast Asia with university research institutions and local operating companies. We see this collaboration with Mitsubishi UFJ Trust and Banking as a step that will exponentially accelerate our future growth, and we hope you will look forward to Green Carbon’s progress. In line with our vision to “save the earth with the power of life,” we will contribute to the planet and to decarbonization.
※1：Joint Crediting Mechanism (JCM)
JCM is a system where Japan contributes to greenhouse gas emission reductions in partner countries through the spread of its superior decarbonization technologies, and those reductions are then utilized to achieve the emission reduction targets of both countries. The Philippines commenced the JCM with Japan in January 2017, making project implementation between the two countries possible.
※2：Alternate Wetting and Drying (AWD)
AWD is a rice paddy irrigation method in which water is alternately supplied and naturally dried every few days based on the water level in the field. Compared to continuous flooding, AWD reduces water usage and helps conserve water resources.
◆Green Carbon Inc.
Founded: 2019
Head Office: Hanzomon PREX North 9F, 2-3-2 Kojimachi, Chiyoda-ku, Tokyo
Representative: Jun Okita, CEO
Business Activities: Carbon credit generation and sales, agricultural-related business, environmental-related business, and other related activities, including ESG consulting
◆Green Carbon Business Overview
Green Carbon operates with the vision of “Saving the Earth through the power of life,” offering end-to-end support for the creation, registration, and sales of nature-based carbon credits both domestically and internationally. In addition, the company is engaged in agriculture-related businesses, R&D projects, and ESG consulting services.
Its business footprint spans Japan and Southeast Asia, extending to Australia and South America, generating nature-based carbon credits from rice paddies, biochar, forest conservation, carbon farming, mangrove reforestation, and methane reduction from livestock.
In Japan, Green Carbon obtained the first and largest-ever J-Credit certification for rice paddies in 2023 (approximately 6,220 tons), and expanded the project to around 40,000 hectares (about 80,000 tons) in 2024.
Green Carbon also provides “Agreen”, a one-stop platform that streamlines the entire process from credit registration and application to sales, simplifying procedures and documentation while significantly reducing the workload for credit creators.