LY Corporation (the "Company") and TAJIMA FOREST CORPORATION ("TAJIMA FOREST") have concluded an agreement under which the Company and TAJIMA FOREST will trade J-credits derived from forests owned by TAJIMA FOREST for ten years and trade 1,500 tons of CO2 absorption every year.
By purchasing these Credits, the Company will offset Scope 1 and 2 CO2 emissions, excluding CO2 emissions from electricity use, toward achieving its "2025 Carbon Neutrality Declaration."