Credit Saison : Basic Agreement for Business Alliance Concluded with DATAFLUCT, Inc. for Cooperative Development of Credit Card Business with Carbon Neutrality（PDF 0.28 MB）

December 17, 2021

Basic Agreement for Business Alliance Concluded with DATAFLUCT, Inc. for Cooperative Development of Credit Card Business with Carbon Neutrality

Credit Saison Co., Ltd. (Head Office: Toshima-ku, Tokyo; Representative, Executive President and

COO: Katsumi Mizuno; hereinafter "Credit Saison") has concluded a basic agreement for a

business alliance with DATAFLUCT, Inc. (Head Office: Shibuya-ku, Tokyo; CEO: Hayato Kumemura; hereinafter "DATAFLUCT"), a company which uses data science to solve corporate and social problems. Moving forward, the two companies will begin considerations for service development, such as combining their expertise to develop credit card business with a carbon neutral approach.

■ Background

Amidst reports of damage caused by abnormal weather around the world, the latest report of the Intergovernmental Panel on Climate Change (IPCC) released in August 2021 clearly stated for the first time that there is no doubt that human activities are causing global warming. In Japan, there is a growing movement towards carbon neutrality in corporate and economic activities, with the development of laws and regulations to achieve carbon neutrality by 2050. In addition, the environmental awareness of individuals, especially the younger generation, is steadily increasing, and carbon neutrality is an important theme for both companies and individuals.

With its management philosophy as a leading-edge service company, Credit Saison contributes to social development and problem-solving in ways no other company can by leveraging its distinctive expertise, management resources, and the experience of each individual employee in its day-to-day operations, striving to create a richer and more convenient sustainable society for the future. Credit Saison's environmental initiatives include the management of Akagi Nature Park, use of materials with consideration for the environment, and the promotion of paperless operations, among other.

The basic agreement for business alliance concluded this time was achieved based on a shared vision of the two companies, striving to achieve co-creation of a sustainable society moving toward carbon neutrality by 2050. Moving forward, DATAFLUCT will contribute through its cutting-edge technology, expertise, and other resources related to fields such as AI, as well as the technology, expertise, and other management resources related to CO2 emission visualization posssessed by its affiliate in Sweden, the impact technology company Dokonomy (Head Office: Stockholm, Sweden; CEO: Mathias Wikström), and Credit Saison will contribute through its wide-ranging technology, expertise, and other management resources related to payment business. Through the joint application of these combined assets, the companies will contribute to promotion of carbon neutrality in Japan and the world as a whole.

■ Details of the basic agreement for the business alliance

By utilizing the CO2 emission visualization technology "Åland Index" provided by Doconomy, we will develop and consider providing credit card and web application services that enable the visualization of CO2 emissions linked to payment data and carbon offsetting.

(Date of conclusion of the basic agreement on business alliance: December, 15, 2021)

Image of services under consideration

■ About DATAFLUCT, Inc.

We are a data science startup studio that has been creating value for companies and society by creating new businesses from underutilized data under the vision of "turning data into commerce" since our establishment in 2019. We have a wide range of analytical experience, from satellite imagery data to location information and POS data, and we specialize in building algorithms that transcend industries, regardless of technology or data. We also aim to contribute to the SDGs through the use of data, and are

actively engaged in new business development that balances business and social contribution.

Location of Head Office:	6F Daiichikyo Building, 1-19-9 Dogenzaka, Shibuya-ku, Tokyo
Representative:	Hayato Kumemura
Date established:	January 29, 2019
Capital:	447.12 million JPY (including capital reserve)
Business Description:	Provision of multimodal data utilization services (AI/machine
	learning/big data analysis) and support for corporate DX

■ About Doconomy

A Swedish company that started in 2018 as an impact tech company tackling climate change. The company provides services under the theme of "tools and ecosystems that help people understand their impact on climate change and accelerate behavior change. The company has partnered with the United Nations Framework Convention on Climate Change (UNFCCC) and global financial institutions to develop the service, which is already available in 17 countries. The number of end users has reached 275 million.