NAGASE Implements Carbon Offset Through Andretti Formula E Collaboration Events

NAGASE Takes Sustainable Action Through Andretti Formula E Sponsorship Events

NAGASE Co., Ltd., based in Chiyoda, Tokyo, recently announced its successful carbon offset initiative involving its sponsorship of the ABB FIA Formula E World Championship with Andretti Formula E. Under the concept of "Delivering next sustainability," NAGASE hosted a series of events aimed at showcasing its commitment to sustainability while contributing to reducing environmental impact. In total, 10 tons of CO2 emissions were offset through these activities.

The carbon offset was executed through the J-Credit scheme in collaboration with Yoshihara Town in Kochi Prefecture, aimed at creating forest credits. The specific events contributing to the carbon emission were:

1. Sustainability Weekend at Tokyo Midtown Hibiya Powered by NAGASE
Date: May 9-10, 2025
Venue: Tokyo Midtown Hibiya
Features:
- Display of the Andretti Formula E team’s race car (sponsored by NAGASE)
- Professional racing simulator experience
- Symposium featuring special guest speakers
CO2 Emissions: 1.3 tons

2. Hospitality Event for Partner Companies Introduced Sustainability Initiatives
Date: May 15, 2025
Venue: City Circuit Tokyo Bay
Features:
- Presentation showcasing NAGASE’s sustainability efforts
- Display of the Andretti Formula E team’s race car
- EV racing kart time attack experience
CO2 Emissions: 8.3 tons

NAGASE and Yoshihara Town: A Commitment to Sustainability

NAGASE signed an agreement with Yoshihara Town in 2022 to support forest credit generation, focusing on forest resource management and promoting local revitalization. This initiative is part of a broader effort to gain knowledge for decarbonization management. The total CO2 emissions calculated from the above events were effectively offset by May 2025.

Looking Ahead: NAGASE's Partnership with Andretti

As an official partner of Andretti Formula E team since 2023, NAGASE has aimed to expand the possibilities of electric mobility and support sustainable motorsport. Resonating with the philosophy of Formula E, which emphasizes environmental sustainability, NAGASE has actively communicated its efforts to tackle social issues under its motto, "Delivering next sustainability."

The NAGASE Group has set an ambitious goal of achieving net-zero greenhouse gas emissions by 2050, focusing on Scope 1 and 2 emissions. Unified under this vision, NAGASE is committed to creating a society where people can live comfortably, safely, and warmly.

Conclusion

NAGASE’s recent events not only highlight its dedication to sustainability through practical actions but also showcase the positive impact of corporate collaboration with initiatives like Formula E. By investing in carbon offset initiatives and fostering partnerships with local communities, NAGASE is paving the way for a greener future in the automotive and motorsport sectors.

For more information on NAGASE’s initiatives, please contact the Corporate Relations Department at the management headquarters: 070-4314-067. Visit their official website for further updates: NAGASE Official Website.