Six Japanese firms successfully complete SAF Scope 3 trials

Six Japanese firms Japan Airlines, ITOCHU Corporation, ENEOS Corporation, NIPPON EXPRESS HOLDINGS, Mizuho Bank, Mizuho Research & Technologies and Narita International Airport announced that they have successfully completed first phase of demonstration testing of Scope 3 environmental value trading scheme.

The six firms jointly launched a new scheme for trading Scope 3 environmental value to encourage the use of sustainable aviation fuel (SAF) in August 2024.

The demonstration lasted eight months between August 2024 to March 2025. The demonstration enabled participating firms to gain knowledge about trading Scope 3 environmental value, and to identify issues.

The second phase of demonstration testing will see the number of participating companies expanded in an effort to further boost awareness of Scope 3 environmental value, and step up trading.

The company said that the main outcomes of the demonstration included registration of trading information of Scope 3 buyers and sellers leading to successful trades through matching of trading terms and signing of bilateral contracts.

In addition, the demonstration also confirmed the successful establishment of a platform system that brought together multiple companies wishing to trade in Scope 3 environmental value.

Furthermore, it ensured the appropriate implementation of the series of processes encompassing the registration of Scope 3 environmental value trading information, matching, and contracts, and confirmed the transparency and appropriateness of the processes via evaluation by a third-party organization (Nippon Kaiji Kyokai (ClassNK)).