Tokyo, November 12, 2024 - NEC Corporation (NEC; TSE: 6701) is participating in the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC), held in Azerbaijan from November 11 to 22, 2024 with a keynote speech in the UGIH Pavilion, the host organization of the conference, and a seminar organized by Japan’s Ministry of the Environment and the Ministry of Internal Affairs and Communications in the Japan Pavilion.

In the keynote session, Motoo Nishihara, Corporate EVP, CTO and Head of the GIBU, NEC Corporation, will introduce progress in the adaptive finance business as well as use cases in collaboration with domestic and international companies, under the theme of "Promotion of adaptive finance through digital technology and co-creation activities." Nishihara will also participate in a seminar hosted by Japan’s Ministry of Internal Affairs and Communications (MIC) at the COP29 Japan Pavilion, where he will give a presentation for government officials from participating countries, international organizations, and companies. He will also participate in a panel discussion among public and private sector officials on how to improve ICT network environments (power saving) and ICT utilization (visualization of global warming countermeasures, etc.).

In addition, at a seminar hosted by the Ministry of the Environment in the Japan Pavilion, Miki Sato, General Manager of NEC's GX Business Development Management Division, will present a model case of an adaptation business promoting the introduction of early warning systems for natural disasters.

UGIH Pavilion (keynote/panel discussion)

Seminar Overview:
There is an urgent need to address adaptation projects in preparation for natural disasters and to realize a sustainable society. In order to promote investment in adaptation projects by financial institutions, there is a need for evaluation of the economic value to be gained from the implementation of adaptation measures, and for public-private partnerships. In this seminar, we will discuss the progress of adaptation finance projects in collaboration with financial institutions since COP28, use cases in Japan and internationally based on knowledge gained from co-creation and demonstration with private companies in Japan, and the advancement of adaptation measures using advanced digital technologies, including NEC's satellite-based solutions (earth observation data), AI data and AI (image recognition and LLM).
View the following URL for detail: https://www.youtube.com/watch?v=-HCyMcGj4XY

Japan Pavilion, Seminar hosted by Ministry of the Environment

Japan Pavilion: Seminar hosted by the Ministry of Internal Affairs and Communications

NEC will also exhibit in the Japan Pavilion as part of the Adaptive Finance Consortium launched with Mitsui Sumitomo Insurance Company, Limited.

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About NEC Corporation
NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.