Fuyo Leasing <8424> announced on the 22nd that it has signed a capital business agreement with Green Carbon aiming to jointly create nature-based carbon credits in the forestry and agriculture sectors.

Green Carbon operates a business supporting the creation and sale of carbon credits mainly in domestic and Southeast Asian markets. The joint verification project for the creation of rice field-derived carbon credits in the Philippines led to the conclusion of this agreement. Through this agreement, by combining Green Carbon's know-how in developing nature-based carbon credit creation projects with its wide customer base, they will expand their carbon credit creation business and advance efforts towards achieving a decarbonized society.

The company will contribute to the realization of a rich and sustainable society through cocreation with partners who share values in new business domains.