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GMO Payment Gateway Receives Certification of Greenhouse Gas Reduction Target as "1.5°C" by SBT Initiative

May 31, 2024

GMO Payment Gateway, Inc.

On Friday, May 17, 2024, GMO Internet Group, which develops comprehensive payment-related services and finance-related services, GMO Payment Gateway, Inc. (TSE Prime Market: Securities Code: 3769, President & Chief Executive Officer: Issei Ainoura) will be responsible for the release of greenhouse gases (hereinafter referred to as "the Company") of the Company and its consolidated companies (hereinafter referred to as "the Company"). GHG) reduction targets have been certified as consistent with the 1.5°C target by the SBT Initiative, a global organization that encourages companies to set science-based climate targets. The SBT Initiative is an international initiative comprised of the Coalition of Institutional Investors (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) to promote information disclosure on climate change measures.
As a result, our GHG reduction targets have been proven to be scientifically consistent with the "1.5°C target" of the Paris Agreement, which was adopted as a new international framework for reducing greenhouse gas emissions from 2020 onward, which aims to limit the increase in the global average temperature to 1.5°C above pre-industrial levels.

GMO Payment Gateway Receives Certification of Greenhouse Gas Reduction Target as "1.5°C" by SBT Initiative

■ Goals certified this time

・Scope 1 and 2: Achieve GHG emissions effectively zero continuously until the fiscal year ending September 2030
・Scope 3: Reduce GHG emissions per payment handset by September 2030 by 55% compared to the fiscal year ended September 2021

  • *"Scope 1" GHG emissions emissions by companies themselves.
    "Scope 2": Indirect GHG emissions such as electricity and heat purchased .
    Indirect GHG emissions from the Scope 3 supply chain. payment terminal products, which account for the majority of Scope 3 in the Company, include purchased goods and services (Category 1) and the use of sold products (Category 11).

【Background and Summary】

We are promoting initiatives to reduce GHG emissions emissions and disclosing information based on TCFD (*1) recommendations, and have been highly evaluated as a best practice company in the CDP Climate Change Report 2023 (*2).
In the fiscal year ending September 2023, we will achieve carbon neutrality by achieving Scope 1 and 2 effectively zero on a consolidated basis (*3) We will continue to aim to achieve effectively zero until the fiscal year ending September 2030. In Scope 3, we have set a target of reducing Scope 3 emissions per payment handset by 55% by the fiscal year ending September 2030 compared to the fiscal year ended September 2021.
We have been certified by the SBT Initiative as a science-based target for limiting the increase in the global average temperature to 1.5°C above pre-industrial levels.
Going forward, we will continue to go cashless (* 4) as a leading company in the payment industry. We will promote payment services such as paperless transfer forms and digitization of billing. In addition, we will strive to reduce the environmental impact of our customers and society through environmentally friendly business operations such as the introduction of effectively renewable enegy in data center power that processes transaction data and supplier engagement, and the reduction of GHG emissions in our business and supply chain, with the aim of transforming to a decarbonized society and realizing a sustainable society.

About the Science Based Targets initiative (SBT)

(URL:https://sciencebasedtargets.org/

It is an international initiative jointly managed by four organizations: the Coalition of Institutional Investors (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). The Paris Agreement, which states that "we will pursue efforts to limit the increase in the global average temperature to well below 2°C and limit the increase in global average temperature to 1.5°C above pre-industrial levels," is required to be set by private companies and is examined and certified.

【GMO Payment Gateway】

We provide services based on payment that support online, cashless, DX, etc. The annual Transaction value exceeds 16 trillion yen, and Online Payment Service has been introduced to more than 150,000 merchants, including e-commerce businesses and public entity such as NHK and National Tax Agency.
As a leading company in the payment industry, we provide payment services in the Online Payment Service and face-to-face areas, buy now pay later BNPL (Buy Now Pay Later), financial institution BaaS Support to operating companies, strategic investment and financing to overseas advanced FinTech companies, etc., payment & finance We will drive social innovation through technology and contribute to the realization of a sustainable society and the progress and development of society. (As of the end of March 2024, consolidated figures)

【GMO Payment Gateway, Inc.】

GMO Payment Gateway, Inc. provides payment-related services that support the customer's online and cashless migration and digital transformation (DX). Annual transaction value exceeds 16 trillion yen and our online comprehensive payment services have been adopted by over 150,000 merchants such as EC operators and public institutions of NHK and National Tax Agency, etc.
As the leading company in the payment industry, we contribute to the advancement and realization of a sustainable society by driving social innovations using payment and financial technology through our services, such as online comprehensive payment service, payment services in the offline market, Buy Now Pay Later (BNPL), BaaS Support services to financial institutions and enterprises and strategic investment and lending to overseas leading-edge FinTech companies. (As of end-Mar 2024, consolidated figures)

[Press Inquiries]
GMO Payment Gateway, Inc.
Corporate Value Creation Strategy Division Public Relations/UX Design Department
TEL
+81-3-3464-0182
Inquiry form
https://contact.gmo-pg.com/m?f=767
GMO Internet Group, Inc.
Group Public Relations Department PR Team Yamazaki
TEL
+81-3-5456-2695
Contact us
https://www.gmo.jp/contact/press-inquiries/

[GMO Payment Gateway, Inc.] (URL: https://www.gmo-pg.com/)

Corporate Name GMO Payment Gateway, Inc. (TSE Prime Market Securities Code: 3769)
Location 1-2-3 Dogenzaka, Shibuya-ku, Tokyo Shibuya Fukurasu
Representative President & Chief Executive Officer Issei Ainoura
Business Description ■ Comprehensive payment related services and finance related services
Capital 13,323 million yen

【GMO Internet Group Inc.】 (URL: https://www.gmo.jp/

Corporate Name GMO Internet Group Co., Ltd. (TSE Prime Market Securities Code: 9449)
Location Cerulean Tower 26-1, Sakuragaoka-cho, Shibuya-ku, Tokyo
Representative Representative Director and Group Representative Masatoshi Kumagai
Business Description ■ Internet infrastructure business
■ Internet advertising / media business
■ Internet finance business
■ Cryptographic assets business
Capital 5 billion yen
SSL GMOグローバルサインのサイトシール
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