Nissan Motor Offers Shareholders Opportunity to Protect Environment

Wind Farm at Rajasthan, India
Image by lamentables. Some Rights Reserved.

Nissan Motor Co. recently announced the completion of carbon dioxide (CO2) emission credit transaction, as proposed under its special benefit plan for shareholders. "Contribution to environmental conservation activities" was among the six items of the benefit plan offered to the shareholders as of March 31, 2008. With the participation of 4,246 shareholders as of the date of the announcement on December 10, 2008, the company purchased and retired emission credits through Mitsubishi UFJ Trust and Banking Corp.

To ensure transparency and credibility, Nissan adopted a trust scheme utilizing a certificate of beneficial interest. The company bought the emission credits, which are equivalent to 2,000 tons of CO2 emissions, from a wind power generation project in Rajasthan, India. The purchased CO2 credits were transferred to a retirement account in the national registry.

This scheme under the shareholders' special plan is consistent with Nissan's commitment to reduce CO2 emissions. The purchased credits are credited to the nation, thereby contributing to Japan's CO2 emission targets stipulated under the Kyoto Protocol.

- Report on Shareholders' Special Benefit Plan
http://www.nissan-global.com/EN/NEWS/2008/_STORY/081210-01-e.html

Posted: 2009/03/18 06:00:15 AM

TAG Global warming , Manufacturing industry , System/Law