Targets and performance on water usage from property portfolio

Water Use

We aim to reduce water use per floor area of our business offices and real estate portfolio by fiscal 2030 compared to the previous fiscal year. For the fiscal year 2022, the actual performance for the target of water usage per floor area, set at 1.4 (m³/m²), was 1.7 (m³/m²). The goal for the fiscal year 2023 is to achieve a value below 1.7 (m³/m²).

• ESG Date : Water consumption

Greenhouse Gas Emissions and Energy Consumption

We aim to achieve a reduction of 46.2% in carbon dioxide (CO₂) emissions from our real estate portfolio by 2030, compared to the 2019 fiscal year.

• ESG Date : Decarbonization

Property portfolio management policy

Tackling the real estate business in consideration of global environmental issues such as energy use, water resource, biodiversity conservation, resource saving, reduction of pollutants and waste and appropriate treatment will create business opportunities and enhance the competitiveness of the Group. It is based on this awareness that we will work with tenants and other stakeholders to help protect the environment across the entire supply chain of our businesses.

Training and providing programs to raise employees' environmental awareness and sustainability awareness

Permeating environmental awareness to stakeholders

Training and providing programs to raise employees' environmental awareness and sustainability awareness

Tokyu Fudosan Holdings Group implements various programs and training to raise awareness of sustainability (including environmental themes) among group employees. In addition, we conduct a survey once every six months to check the progress.

• Tokyu Fudosan Holdings distributes a newsletter on sustainability to group employees once a month. We carry out e-learning once every six months, and we always take up the theme of sustainability.
• Tokyu Land Corporation conducted e-learning on the basics of sustainability in May and November 2022.

Environmental policies integrated with suppliers through Training of relevant supplier staff

Tokyu Land Corporation distributes sustainable procurement policies to the suppliers, construction companies, and confirms the status of suppliers‘ compliance with environmental policies. If there are issues, we aim to build a responsible supply chain by coordinating and cooperating with each other.

Tokyu Re・design Corporation conducts training every year for the managers and staff of construction companies as suppliers at safety competitions, etc. Among them, we explain the environmental policy and strive to spread it. In fiscal 2021, we held training on handling construction waste and measures to prevent environmental pollution due to hazardous substances generated during work, and in fiscal 2022, we held training on sustainable procurement in accordance with our environmental policy.

Action taken to manage the environmental impact of suppliers through encouraging

Reporting

We believe that GHG gas emissions during building construction and material procurement methods are among the factors that have the greatest impact on the environment for our group. Therefore, Tokyu Fudosan Holdings requests its general contractors, its suppliers, to report on GHG gas emissions and use of formwork timber certification, and receives reports every year.

Impact reduction

TOKYU LAND CORPORATION presents its sustainable procurement policy to general contractors when making estimates. Our procurement policy states, ``In response to climate change, we promote the efficient use of energy and the use of renewable energy not only through our business activities but also throughout the life cycle of our products and services. We request our suppliers to reduce their impact on the environment.

Tokyu Fudosan Holdings has introduced a green lease clause in some of the lease contracts for office buildings, commercial facilities, and housing that we operate and manage.

Collaboration with tenants

Green leases offered to tenants of underlying property portfolio:

Tokyu Fudosan Holdings has introduced a green lease clause in some of the lease contracts for office buildings, commercial facilities, and housing that we operate and manage. In collaboration with tenants, we are actively promoting efforts to reduce the environmental load of facilities and compliance with environment-related laws and regulations.

Tokyu Fudosan Hodings participate in the Environmental Management Committee of the Global Compact Network Japan.

Response to environmental issues

Participation in initiatives on environmental impacts

Tokyu Fudosan Hodings participate in the Environmental Management Committee of the Global Compact Network Japan.

Commitment to Green Field Development

Commitment to Green Field Development

Tokyu Land Corporation is committed to utilizing underutilized and underutilized agricultural land and green spaces in a way that contributes to the local community.
・In December 2022, we started operation of the "Riene Solar Farm Higashimatsuyama Solar Power Plant" as part of our efforts to simultaneously solve the dual problems of energy and agriculture.
・Aiming to eliminate idle farmland, we will develop a highly productive next-generation facility horticultural park, and realize a land improvement project that involves the creation of non-agricultural land that systematically responds to urban land demand. Agricultural land conversion and development permission has been obtained for a non-agricultural land area created in a land improvement business district in Shiraoka City, Saitama Prefecture.

Tokyu Fudosan Holdings distributes the Sustainable Procurement Policy to its supplier construction companies and at the same time conducts questionnaires to check the status of each company with the goal of achieving a 100% compliance rate with the Environmental Policy by fiscal 2030.

Applying biodiversity commitments to the supply chain

Tokyu Fudosan Holdings distributes the Sustainable Procurement Policy to its supplier construction companies and at the same time conducts questionnaires to check the status of each company with the goal of achieving a 100% compliance rate with the Environmental Policy by fiscal 2030. If any issues arise during this process, Tokyu Land Corporation and the construction companies will work together to address them, aiming to build a responsible supply chain. In fiscal 2021, 36% of the construction companies surveyed confirmed that their suppliers had a sustainable procurement policy that includes biodiversity.

No-Deforestation Commitment

Much of plywood used for concrete formwork in Japan is made of south-sea timber logged in Malaysia, Indonesia and other nations, and environmental destruction in the native forests and land grabbing from indigenous peoples have become a problem. In light of this situation, Tokyu Land Corporation , in cooperation with its tier-1 suppliers, construction companies, has pledged to procure 100% of its plywood for concrete forms from sustainable sources such as FSC or PEFC certified or domestic timber by fiscal 2030, with emphasis on environmental protection and human rights issues. In fiscal 2021, 48% of construction companies indicated that certified or domestic lumber was available for formwork plywood.

Biodiversity Action Plan (BAP)

The Group formulates a Biodiversity Action Plan (BAP) by identifying areas in all of our real estate portfolio that have sites, species, and functions of particular importance for conservation. In the relevant areas, biodiversity monitoring by experts is conducted on a regular basis, and the results are reflected in the management plan in an effort to conserve biodiversity.
Resort Town Tateshina plans to establish a monitoring plan to survey the habitat and growth environment of plants and animals in the villa area and surrounding wooded areas, etc., and if there are any rare plant or animal species or threats to the habitat or growth environment, countermeasures will be considered and utilized in the green space management plan.