#Japan #Carbon Offset #Mitsubishi Auto Lease #Juroku Lease #Tokyo, Gifu

Mitsubishi Auto Lease and Juroku Lease: Pioneering Carbon Offset Auto Lease

Mitsubishi Auto Lease Co., based in Minato-ku, Tokyo, and Juroku Lease Co., located in Gifu City, have recently launched a groundbreaking initiative known as the "Carbon Offset Auto Lease." This innovative service is designed to effectively neutralize the CO2 emissions produced by traditional combustion engine vehicles throughout their operational lifespan.

The Rationale Behind the Initiative

In recent years, businesses have encountered increasing pressure to minimize their carbon footprints, significantly in line with the push for decarbonization in corporate operations. While the shift towards electric vehicles (EVs) is heavily advocated, many companies face challenges in transitioning away from their conventional vehicles due to industry-specific needs and utilization patterns. As a result, there has been a growing demand from customers who wish to continue their operations with existing engine vehicles while also contributing to CO2 emission reductions.

To address these concerns, Mitsubishi Auto Lease and Juroku Lease have collaboratively developed the Carbon Offset Auto Lease. This initiative merges Mitsubishi's expertise in auto leasing with Juroku's community-driven service approach, providing a comprehensive mobility solution to meet varying customer demands. The service empowers customers to recognize their CO2 emissions and take proactive measures to cut them down, while also allowing for the offset of unavoidable emissions through external projects.

How the Carbon Offset Auto Lease Works

The essence of the service lies in its practicality. By estimating the total CO2 emissions expected during the lease term based on contractual mileage and vehicle fuel efficiency, the leasing company acquires carbon credits in advance. These credits, sourced from certified offset projects, allow customers to effectively neutralize the CO2 emissions that arise from their vehicles, bringing their carbon output as close to zero as possible.

Key Features of the Carbon Offset Auto Lease:

1. Customizable Options - The service caters to a diverse array of vehicles, from compact cars to trucks, enabling customers to tailor their carbon offset strategies. They can adjust the desired offset volume and ratio based on their specific requirements, facilitating a business model that aligns with their decarbonization goals.

2. Simplified Accounting Procedures - The costs associated with carbon offsetting are seamlessly integrated into the regular monthly leasing fees. This arrangement eliminates the need for separate budget requests or payment processes, thus minimizing the administrative burden on customers while allowing them to offset CO2 emissions effortlessly every month.

3. Utilization of Reliable J-Credits - The program employs J-Credits, which are verified under Japan's J-Credit system. After completing the offset process, customers receive a notification confirming the credit deactivation. Mitsubishi HC Capital Co., headquartered in Chiyoda-ku, Tokyo, will oversee the actual offsetting of CO2 emissions.

Company Profiles

Mitsubishi Auto Lease Co.

Mitsubishi Auto Lease is a leading provider of leasing and maintenance solutions for automobiles and mobility services. Today, they are taking strides to support clients in their decarbonization endeavors, particularly through the promotion of electric vehicles.
Address: 5-33-11 Shiba, Minato-ku, Tokyo, Tamachi Tower
Business Focus: Comprehensive automotive leasing and maintenance solutions.
Website: Mitsubishi Auto Lease

Juroku Lease Co.

Juroku Lease is committed to addressing societal challenges linked to decarbonization while providing high-value-added services grounded in a customer-centric approach.
Address: 2F Juroku Building, 7-12 Kanda-machi, Gifu City, Gifu Prefecture
* Business Focus: Leasing, installment sales, and capital operations under the Juroku Financial Group.

This pioneering venture represents an essential step for both Mitsubishi Auto Lease and Juroku Lease, positioning them at the forefront of eco-friendly business practices and helping customers navigate the complex landscape of carbon management.