INVESTOR RELATIONS
Environmental Management
Publication of the "2025 Environmental Management Report"
In our long-term vision “GROUP VISION 2030” announced in May 2021, Tokyu Fudosan Holdings declared that “WE ARE GREEN” is the banner of the Group, and aims to realize a future where everyone can be themselves and shine with vitality through the creation of attractive and diverse lifestyles by 2030, the target year of the vision. It has positioned "environmental management" and "DX" as the pillars of its Group policy to realize its ideal state, and is working to become a corporate group that continuously creates new value by solving social issues through its business activities.
Tokyu Fudosan Holdings decided to publish its “2025 Environmental Management Report” in order to communicate its unique value creation process through “environmental management” that cannot be fully conveyed in its long-term vision, Medium-term Management Plan or annual integrated report. The purpose of the two reports is to provide shareholders, investors, customers, business partners, Group employees and other stakeholders with a better understanding of those two Group policies and initiatives of Tokyu Fudosan Holdings.
Outline of the 2025 Environmental Management Report
Environmental Management Strategy
- Tokyu Fudosan Holdings formulated environmental management as one of its Group policies under GROUP VISION 2030. In its Medium-term Management Plan 2025, it accelerated initiatives aimed at the key issues of a decarbonized society, a circular society and biodiversity, and established its position as an environmentally advanced company.
- As the positioning of environmental management in its Medium-term Management Plan 2030, Tokyu Fudosan Holdings will combine societal solutions backed by environmental progressiveness to create an “environmental premium” unique to the Company. By rolling out initiatives that integrate the expansion of environment-derived business opportunities with improved area value through sustainable community development throughout Japan, Tokyu Fudosan Holdings will create high added value in the form of the improvement of asset value and customers’ experiential value into the future, achieving strengthened profitability along with enhanced corporate value.
Priority Environmental Issues
1:Decarbonized society
Precisely because it is a supplier of renewable energy while simultaneously being a user of energy as a real estate business operator, Tokyu Fudosan Holdings views the role it should play as an important one, and aims to realize a decarbonized society by leveraging its environmental business as one of its strengths. Additionally, it will proceed to accelerate its initiatives at a greater pace than before as it aims to be a corporate group that continues to be chosen.
- Utilizing its in-house power generating facilities, Tokyu Land Corporation leveraged in-house renewable power generation to switch the electricity used at all of the facilities it owns and operates over the long term to 100% renewable energy, and became the first domestic operating company to be granted official certification for achieving RE100 targets. In the future, while continuing the utilization of in-house power generation, Tokyu Land Corporation will expand the supply of renewable energy to customers. Moreover, in its renewable energy business, which is among the top level in Japan, it will strive to achieve a rated capacity of 4.0 GW (before equity conversion) by FY2030 and otherwise promote further Green Transformation (GX).
- With the aim of achieving SBT 1.5℃, for Scope 1 and 2 greenhouse gas emissions, Tokyu Land Corporation achieved reductions of 70.3% for FY2023 relative to the target of at least a 50% reduction in CO2 emissions versus FY2019. For its new FY2030 target, it recently adopted a target of at least an 80% reduction in CO2 emissions versus FY2019. Additionally, having acquired SBT Net-Zero certification for its target of net-zero emissions by the year 2050, Tokyu Land Corporation will promote reductions of Scope 3 emissions alongside its suppliers and other stakeholders.
- In addition to reductions of emissions in-house and in its supply chain, Tokyu Fudosan Holdings set new targets for avoided CO2 emissions due to the expansion of its renewable energy business and other factors. It will target an amount of avoided emissions equal to ten times its own emissions and otherwise drive forward the decarbonization of society.
- Tokyu Fudosan Holdings has established a considerable track record over time with respect to the expansion of its renewable energy business, community development utilizing the perspective of a renewable energy provider and environmental contribution-oriented real estate development. Going forward, it will continue its initiatives in these priority areas.
2:Circular society
In its real estate business, which consumes considerable resources, Tokyu Fudosan Holdings will accelerate its initiatives aimed at building a circular economy, which is taking on increasing importance, and will endeavor to promote familiar environmental contribution measures connected through the value chain with the involvement of various stakeholders.
- As it endeavors to reduce avoided emissions at each stage in long building lifecycles, which span construction, operation, renovation and dismantlement, Tokyu Fudosan Holdings will contribute to the development of a circular society and reduced CO2 emissions.
- Tokyu Fudosan Holdings reaffirmed the role played by the actual expansion of distribution and management operations for utilizing existing stock with maximum effectiveness in order to achieve a circular economy. In the community development area as well, it will promote initiatives based on the premise of resource conservation and reuse.
- To make it possible to casually tackle the promotion of a circular economy as part of lifestyles that involve the consumption of a variety of resources, Tokyu Fudosan Holdings will promote lifestyles that incorporate resource recycling approaches.
3:Biodiversity
As a company engaged in operations founded on the benefits of natural capital, such as forests and oceans, Tokyu Fudosan Holdings will contribute to nature positivity that leverages the respective characteristics of cities and the countryside in order to enhance the appeal of urban and regional areas while achieving sustainable community development in tandem with improved profitability.
- Tokyu Fudosan Holdings was the first Japanese real estate business to disclose a “TNFD Report” that organized information on how it connects with nature in accordance with the TNFD framework. It will reevaluate its contributions to nature positivity through its operations and promote the active external communication of those contributions. Tokyu Fudosan Holdings will integrate these with TCFD disclosures as well to promote the integrated disclosure of climate- and nature-related information that mutually affect each other.
- In the Greater Shibuya Area, which connects people and nature and is rich in green appeal, Tokyu Fudosan Holdings will aim to realize an “Experiential Sustainable Resort” for the next generation through resort operation that exists alongside the local community and ecosystem.
- Based on the concept of “green infrastructure” that utilizes functions possessed by the natural environment to solve a number of social issues, Tokyu Fudosan Holdings will leverage the advantages of Ishikatsu Exterior across the entirety of the value chain to pursue efforts unique to the Group.
Environmental Promotion Platform
- Tokyu Fudosan Holdings has established an internal promotion platform system aimed at practicing thorough risk management and compliance.
- Tokyu Fudosan Holdings is committed to the promotion of environmental initiatives that also incorporate financial aspects through the formulation of its policy on the long-term, continuous issuance of ESG bonds.
- Tokyu Fudosan Holdings’ demonstration of environmental management and leadership that has also led the industry in Japan has been well-evaluated, resulting in it earning high recognitions on an ongoing basis that include various ESG external evaluations.
- Working together with its stakeholders, Tokyu Fudosan Holdings will take action across its entire supply chain in order to promote appropriate and effective environmental response.