Tokyu Fudosan Holdings Group makes a commitment to environmental issues an integral part of our true corporate value. To this end, we have rolled out a Group-wide environmental management policy in Group Vision 2030, our long-term vision.
In our long-term vision and our Medium-Term Management Plan 2025, we will strive to expand business opportunities with the environment as the starting point through our efforts in tackling areas such as a decarbonized society, a recycling-based society, and biodiversity.
Where a decarbonized society in particular is concerned, we have adopted reduction targets for CO₂ emissions and are striving to reduce our environmental footprint through our businesses.

In recent years, global concern about climate change and the importance of countermeasures have been further heightened by the Paris Agreement, an international framework for preventing global warming, and the Japanese government's "2050 Carbon Neutral Declaration".

In response to this trend, we have reaffirmed that our business and financial strategies are aligned with our roadmap to reduce emissions, and we have developed a "Transition Plan toward Decarbonized Society" as a specific strategy, using the TCFD and four other guidelines as reference.

Roadmap Towards Realization of Decarbonized Society

• The group formulated GROUP VISION 2030, the Group’s long-term vision with the aim of realizing net zero emissions by the year 2050. We are already reducing CO₂ emissions through efforts such as switching power used at offices of and facilities held by Tokyu Land Corporation, our core company, to 100% renewable energy, setting ZEB standards for new buildings in principle, and promoting ZEH as a standard specification at BRANZ condominiums.
• Gong forward, we will continue to pursue reductions of CO₂ emmisions through our businesses and target decarbonization as a business opportunity as we aim to further reduce environmental impact through the growth of the group.

Metrics and targets - CO₂ Emission-related -

Commitments

• The group is endeavoring to simultaneously achieve net zero emissions by the year 2050 and corporate growth.
• With a view to the above, in order to manage the climate change risk assessed in the scenario analysis, we set a target of 46.2% reduction of CO₂ emissions in Scope 1 and 2 (in-house) and Scope 3 (supply chain (reduction targets: Category 1, 2, and 11)) in FY2030 based on FY 2019, and (SBT approved), and we are managing actual CO₂ emissions.
  • In addition, the Medium-Term Management Plan called for a 50% reduction in Scope 1 and 2 CO₂ emissions in FY2023, and we achieved this goal one year ahead of schedule with a 50.6% reduction in FY2022 (preliminary figures).
  • Our real emission figures undergo a third-party guarantee by an environmental certification agency.

Emission results and targets

For more information on the Transition Plan toward Decarbonized Society, please click here.

• Transition Plan toward Decarbonized Society (PDF)