Goals, Initiatives, and Achievements

In FY 2019, the Group conducted a human rights risk assessment of its own businesses, value chains, etc., to analyze human rights issues in its domestic and international real estate-related businesses and domestic wellness businesses, and domestic wellness businesses, we analyzed human rights issues using the likelihood of occurrence and potential impact severity of human rights issues as indicators.

Identification of salient human rights issues specific to the business

In FY 2019, the Group conducted a human rights risk assessment of its own businesses, value chains, etc., to analyze human rights issues in its domestic and international real estate-related businesses (urban, residential, management, brokerage, etc.) and domestic wellness businesses (resort hotels, urban hotels, senior housing, healthcare, golf courses, golf courses, and ), and domestic wellness businesses (resort hotels, urban hotels, senior housing, healthcare, golf courses, ski resorts, fitness clubs, etc.), we analyzed human rights issues using the likelihood of occurrence and potential impact severity of human rights issues as indicators. As a result, the following important human rights issues were identified

1. Forced labor / child labor
2. Work conditions and work environment of employees and suppliers (including migrant workers)
3. Participation in infringement of employees' privacy and personal information protection rights
4. Impact on Local communities while land development (including Indigenous people and migrant workers)
5. Employees and suppliers' safety in development
6. Infringement of rights to access remedy

In FY2022, we have reviewed the risks in line with changes in the Group's business and the materiality risks in our long-term vision, and have organized them into the following risk map.

人Human Rights Risk Map

As a result of reviewing the impact on human rights caused by our business activities among material human rights issues, we set "sustainable procurement (concrete formwork lumber)" and "consideration of human rights in the supply chain (implementation of due diligence on forced labor and child labor)" as KPIs for the fiscal 2030 target in our long-term vision. We are promoting human rights due diligence in our supply chain. As for suppliers, we are prioritizing "consideration of human rights for foreign technical intern trainees (workers).

As a specific initiative in human rights due diligence, we conduct human rights questionnaires, evaluations, and dialogues with suppliers to construction companies that are important to us as stakeholders. We will continue to engage with stakeholders to identify outstanding human rights issues and prevent and mitigate human rights risks.

Target for 2030 – 100% Sustainable Wood for Concrete Formworks

Much of plywood used for concrete formwork in Japan is made of south-sea timber logged in Malaysia, Indonesia and other nations, where some NGOs have pointed out that land grabbing in indigenous peoples' territories and environmental destruction have become problems.

In view of this situation, the Tokyu Fudosan Holdings Group takes human rights issues and environment protection seriously and pledge to obtain 100% of our plywood for our constructions’ concrete formworks to from sustainable sources including FSC or PEFC certified or domestically sourced by year 2030.

Continued positive assessment of negative impacts on human rights

The Group has built a framework for human rights due diligence and have been continually assessing human rights as a business risk. And in order to increase the effect, if a problem is discovered, we will continue to improve it. If it is determined that our business activities have caused a negative impact on human rights or have been involved, we will provide remedies to the affected parties.

• Tokyu Fudosan Holdings Co., Ltd. confirmed the acceptance status of foreign technical intern trainees at each group company, and conducted a questionnaire to see if each company was responding in accordance with the guidelines. is continuously evaluated.
• Tokyu Land Corporation conducts human rights due diligence on construction companies, which are major suppliers, in order to minimize the negative impact on human rights.

Actions implemented for avoidance, prevention and mitigation of human rights issues

In our group, in response to the human rights issues related to foreign technical intern trainees in Japan, respecting the human rights of foreign technical intern trainees is a priority issue for human rights risks. Tokyu Fudosan Holdings investigated the status of acceptance of foreign technical intern trainees at group companies and identified issues related to foreign technical intern trainees. We will organize matters that may cause problems in the activities of foreign technical intern trainees, such as remuneration, accommodation facilities, and living, and create requests (guidelines) regarding the treatment of foreign technical intern trainees at construction sites. bottom. Each group company communicates these guidelines to business partners when requesting quotations or conducting questionnaire surveys of suppliers, in an effort to avoid, prevent, and mitigate human rights violations.

Clear communication of human rights expectations to stakeholders

The Group requests all stakeholders to respect human rights through our sustainable procurement policy. For example, Tokyu Land Corporation clearly communicates its expectations regarding human rights by communicating its human rights policy and sustainable procurement policy when conducting regular questionnaire surveys and requesting estimates for construction costs to construction companies that are business partners. In particular, regarding foreign technical interns, which has become a problem in recent years, we decide on suppliers after evaluating the interns' stance on human rights.

Efforts to respect human rights of suppliers and ensure sustainable procurement

At the 2021 Supplier Safety Convention, Tokyu Re・design Corporation gave a notice and explained from the president about the human rights consideration and timber procurement of foreign technical intern trainees for sustainable procurement.