News

JIC Venture Growth Investments has acquired the shares in Faeger Inc. (Faeger), through its JIC Venture Growth Fund 2.

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Faeger aims to create the market for environmental value through the generation and sale of carbon credits* with the goal of sustainable agriculture.

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Specifically, Faeger works with farmers to generate the carbon credit through the Alternate Wetting and Drying and sells them to the companies which would like to proceed decarbonization. Fager also expands their business not only in Japan but also overseas.

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The purpose of VGI’s investment is to create the environmental value through the generation and sale of carbon credits and establish the sustainable agricultural system.

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VGI would like to support Faeger to accelerate the business expansion and contribute to the revitalization of the venture ecosystem.

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^{* The system which allows companies to buy and sell greenhouse gas reductions and emission credits among themselves. In Japan, there are J-Credit and JCM (Bilateral Credit Mechanism).}

^{**  Methods to control methane emissions from rice paddies through water management}

_{The information contained in this notice is current at the time of publication and subject to change without notice.}‍