TSUBASA Alliance jointly purchases 5 million kWh of FIT non-fossil certificates that make use of local environmental values

Contribution to decarbonization to realize sustainable local communities
TSUBASA Alliance promotes renewable energy in the region

On Thursday, March 13, 2025, participating banks of the TSUBASA Alliance, including Chiba Bank (President Yonemoto Tsutomu), purchased a total of 5 million kWh of FIT non-fossil certificates created in each bank's business area.
This initiative aims to offset (calibrate) the CO2 emissions associated with the use of electricity by each bank, promote decarbonization in the region, and to stimulate the renewable energy value trading market and promote the spread of non-fossil certificates .

Locally produced environmental value created in the region

This joint purchase is part of an initiative aimed at realizing a sustainable local community by locally producing and consuming the "environmental value" created in each bank's sales area. The purchased non-fossil certificate will reduce CO2 by a total of approximately 2,100 tons (equivalent to the annual CO2 emissions of approximately 5,000 ATMs).

Furthermore, we are also working to reduce costs by joint purchases using Chiba Bank's electricity business subsidiary, Himawari Green Energy Co., Ltd.

TSUBASA Alliance initiatives and future prospects

The TSUBASA Alliance is taking advantage of the economies of scale through collaboration between regional financial institutions and promoting efforts to resolve environmental and social issues.

In the future, we will continue to contribute to the development of sustainable local communities by utilizing renewable energy and promoting carbon neutrality along with participating parties.

About the TSUBASA Alliance

The TSUBASA Alliance was established in October 2015 and is a framework for regional banks' wide-area collaboration that does not involve business integration.
Currently, ten banks, including Chiba Bank, Dai-4 Hokuetsu Bank, Bank of Chugoku, Iyo Bank, Toho Bank, Hokuyo Bank, Musashino Bank, Shiga Bank, Ryukyu Bank, and Gunma Bank, are participating, and are engaged in a wide range of collaborations, including system cooperative, introduction of fintech, and joint formation of syndicated loans.

In 2020, the TSUBASA Alliance Co., Ltd. was established, and the establishment of an AML (Anti-Money Laundering) Center and the Business Strategy Department has created a stronger collaboration system.

■Press release source - Chiba Bank Co., Ltd.
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