Yanmar Signs Contract for the Sale and Purchase of JCM Credits Generated in the Philippines
Mariko Shirafuji (left), Director and Chief Sustainability Officer (CSuO) of Yanmar Holdings Co., Ltd. and Takahiro Ishizaki (right), CEO of Faeger Co. Ltd.
Osaka, Japan, Dec 19 –Yanmar Holdings Co., Ltd. signed a contract with Faeger Co. Ltd. on December 17, 2025, for the sale and purchase of JCM (Joint Crediting Mechanism) credits to be generated in the Philippines. Under this agreement, Yanmar Holdings will purchase credits created through the reduction of greenhouse gas emissions achieved by introducing the water management technique Alternate Wetting and Drying (AWD) to rice farmers in the Philippines.
Faeger, as a co-developer of the JCM project, is working in collaboration with the National Irrigation Administration (NIA), the Philippine Rice Research Institute (PhilRice), and others, leading the design, monitoring, and credit issuance for the project.
A New Framework Aiming to Support Agriculture and Achieve Decarbonization
This contract goes beyond a simple credit transaction—it also includes a comprehensive initiative that balances agricultural support with environmental contribution. Moving forward, Yanmar Holdings and Faeger will use the spread of AWD as a foundation while gradually incorporating livelihood support elements that provide co-benefits: agricultural solutions that balance productivity with reduced environmental impact, agricultural insurance, agricultural financing, and support for introducing agricultural machinery. Through these efforts, the partners aim to simultaneously strengthen local farmers’ resilience to climate change and improve their productivity.
Use of Credits and Future Development
The JCM credits generated will be used by the Yanmar Group to offset residual greenhouse gas emissions from its business activities worldwide—emissions that remain even after energy-saving measures and energy transition efforts. Additionally, the credits will help support customers in their own carbon neutrality efforts by providing environmental value.
Going forward, both companies will contribute to the sustainability of agriculture and the development of local communities by expanding the project within the Philippines and accelerating decarbonization in the agricultural sector.