Policy
Policy
The Tokyu Fudosan Holdings Group recognizes that climate change is an important environmental issue that greatly impacts its business activities. The Group formulated our Sustainable Procurement Policy in January 2020. We promote the efficient use of energy and the use of renewable energy not only in our business activities but also throughout the life cycle of our products and services, and limit the impact of greenhouse gas emissions on climate variability. ( 5. Environmental measures, Tokyu Fudosan Holdings Group Sustainable Procurement Policy)
In 2014, the Intergovernmental Panel on Climate Change (IPCC) released the Fifth Assessment Report (AR5). This report found that warming of the climate system is unequivocal and it is extremely likely that human influence has been the dominant cause of the observed warming since the mid-20th century. Climate change caused by global warming not only causes rising sea levels, but also abnormal weather such as an increase in heavy rains and flooding as well as droughts. The businesses of the Group are not only directly affected by weather conditions, such as snowfall amounts required to operate ski areas, but also indirectly affected as well such as the fact that the worldwide procurement of various supplies required for our businesses may become difficult.
In response to this background, in May 2021, we have set “Environmental Management” as one of The Group policies and included the goal of Reduction of environmental impact through all our businesses (dissemination of clean energy, etc.) toward the realization of a decarbonized society in “Group Vision 2030”. Specifically, we have set the goal of Net Zero Emissions in 2050 and certified for the 2030 target at the SBT 1.5℃ level. Furthermore, we have committed to the SBT net-zero target (2050) and also endorsed the Business Ambition for 1.5°C.
Commitments
It is based on this awareness that the Group monitors environmental performance and is promoting the more efficient use of energy and the utilization of renewable energy to reduce greenhouse gases at its business offices as well as the office buildings, commercial facilities and resorts that it owns in an effort to mitigate the impacts that its business activities have on climate change. The development and operation of energy efficient office buildings, commercial facilities and resorts will create business opportunities and enhance the competitiveness of the Group.
We will continue to work with design firms, construction companies, end users and other stakeholders in an effort to realize a low-carbon society, create environmental awareness, and address the issues of climate change and energy consumption.
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Management Structure
Management Structure
The Tokyu Fudosan Holdings Group has in place the Tokyu Fudosan Holdings Sustainability Committee, which is chaired by the President & Representative Director of Tokyu Fudosan Holdings and co-chaired by the Operating Officer of Tokyu Fudosan Holdings. The committee meets regularly 2 times a year to discuss, plan and confirm results pertaining to material issues, such as compliance, climate change, social contributions, and diversity. In turn, the results of committee deliberations are reported to the Board of Directors, which is led by the President & Representative Director of Tokyu Fudosan Holdings.
Additionally, the Sustainability Council, established as a subcommittee to the Tokyu Fudosan Holdings Group Sustainability Committee, leads relevant management activities across the entire Group.
The Sustainability Council, comprised of environmental and sustainability managers from each group company, sets group-wide fiscal year targets for greenhouse gas emissions, a major cause of climate change, monitors results and shares information based on a shared policy. This ensures proper reporting under relevant laws and regulations and environmental impacts are reduced through business activities.
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Environment approved by the board of directors, Named position responsible at Board level
Environment approved by the board of directors, Named position responsible at Board level
Recognizing that environmental issues including climate change and global social issues such as human rights and labor are deeply related to the business activities of our group, Tokyu Fudosan Holdings have decided to formulate and address policies for each sustainability issue in FY2015. In 2011, we established our environmental vision, including our environmental policy, based on the basic philosophy established in 1998, and our long-term management policy for FY2021 includes environmental management, with the goal of achieving zero emissions by 2050 and a SBT target of 1.5°C by 2030. All of these environmental policies are approved by the board of directors through the Company's Sustainability Committee and the Group Management Committee under the direct control of the President.
Goals, Initiatives, and Achievements
Goals, Initiatives, and Achievements
Quantified CO₂ reduction targets
Medium- to long-term quantified target
Achievement status on quantified reduction targets
- The Tokyu Fudosan Holdings Group aims achieve net zero CO₂ emissions by FY2050.
- As a mid-term goal, we aim to reduce total CO₂ emissions by 46.2% by FY2030 compared to FY2019.
Unquantified, Process CO₂ reduction targets
Tokyu Land Corporation has established process targets for the development projects it is involved in based on the format of these projects. For example, development projects involving new build condominiums must comply with Insulation Performance Level 4 within the Evaluation Methods and Standards based on the Housing Quality Assurance Act. Also, Tokyu Plaza Ginza, a large-scale commercial facility, will be developed with the same level of performance as quasi-top level place of business recognized for outstanding countermeasures taken against global warming by the Tokyo Metropolitan Government.
Reduction of CO₂ emissions / Reduction of energy consumption
- Targets in the investment process
- ① Electrical facility: Introduction of LED lamps, renewals of elevator control equipment or power incoming unit
- ② Water supply and sanitation facility: Introduction of water-saving type faucets, renewal of boiler
- ③ Air conditioning equipment : Update, Installation of inverter control device
- Targets in the management process
- ①Electrical facility
- Review of lighting time
- Unnecessary lights go out
- Review illuminance
- ②Water supply and sanitation facility
- Revision of temperature setting of cold / hot water
- Review operating hours
- Review temperature setting and capacity of hot water tank, bath tub or pool etc.
- ③Air conditioning equipment
- Operation at proper temperature
- Stop unnecessary air conditioning and introduce outside air and efficient operation of total heat exchanger
- Clean filter or fin of air conditioner, ventilator and kitchen exhaust hood
- ①Electrical facility
GHG(CO₂) emissions data
GHG(CO₂) emissions (Achievements, Goals)
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Company position on public policy for mitigating climate change
Company position on public policy for mitigating climate change
Tokyu Land Corporation approves the Tokyo Cap-and Trade program.
Support for mitigating climate change through Membership of business associations that are consistent with climate change policies
Support for mitigating climate change through Membership of business associations that are consistent with climate change policies
The Real Estate Association (General Incorporated Association) announced the "Long-term Vision for Realizing a Decarbonized Society in the Real Estate Industry" to promote global warming countermeasures and provide policy recommendations, surveys and research to the Japanese government regarding real estate-related systems. is being carried out. Our climate change policy is consistent with the position of the real estate association, so in addition to the chairman of our company participating as the association's vice chair, we have also dispatched one of our employees to the association to take action on climate change. We are actively working to consider and formulate policies. In addition, the head of the sustainability promotion department participates in the environmental committee that is held about twice a year at the real estate association, and the person in charge of the relevant department also participates in the two lower working groups (office buildings and housing) that are held about six times a year. As an industry organization, we participate in the formulation of climate change strategies that reflect national policies, and we also make policy requests to the national government and the Tokyo metropolitan government, either directly or through our upper organization, Keidanren.
Furthermore, in order to achieve the 46.2% reduction in GHG emissions by FY2030 as set forth in our long-term vision, we are working to reduce the environmental impact of our supplier chain by creating a GHG manual and rules for requesting general contractors to submit GHG emissions and other data through our “Environmental Committee.
In addition, Tokyu Land Corporation serves as the representative director of the Renewable Energy Long-Term Stable Power Supply Promotion Association (REASP), as our climate change policy is consistent with the real estate association's position. In order to reduce greenhouse gases, we are actively working on identifying issues and proposing solutions to expand the introduction of renewable energy and realize long-term stable supply.
Efforts, Supports and Involvement for activities to avoid climate change
Efforts, Supports and Involvement for activities to avoid climate change
Tokyu Fudosan Holdings Group recognizes that climate change is an important environmental issue that greatly impacts its business activities.
It is based on this awareness that the Group is promoting the more efficient use of energy and the utilization of renewable energy to reduce greenhouse gases at its business offices as well as the office buildings, commercial facilities and resorts that it owns in an effort to mitigate the impacts that its business activities have on climate change.
Risk management process
Tokyu Land Corporation implements the following management process as a countermeasure against natural disasters such as typhoons and earthquakes.
Risk management process
Tokyu Land Corporation implements the following management process as a countermeasure against natural disasters such as typhoons and earthquakes.
- BCP manual maintenance
- BCP duty, BCP standby personnel system
- Operation and improvement of BCP system such as property damage totaling system
- Installed a private power generator as a disaster countermeasure.
Renewable Energy Business
Renewable Energy Business
Promotion of Renewable Energy Business
SDGs in the
Renewable Energy Business
Tokyu Fudosan Holdings has developed a wide range of businesses while always confronting social issues. In the field of renewable energy, we have been working on the brand "ReENE" since we entered the solar power business in Kagawa in 2014.We are steadily expanding our business with the keywords "contribution to decarbonization," "energy self-sufficiency rate improvement," and "regional contribution,", and became a member of "RE100" in April 2019 .In addition, we have positioned this business as one of the new investment targets in the “Expansion of the area of the recycling-based reinvestment business,” which is one of the growth strategies of the medium-term management plan.The number of solar power plants owned and operated, including those under development, has increased to 50 locations throughout Japan, and the rated capacity has grown to over 1 GW (= 1,000 MW).
We started a capital and business alliance with Renewable Japan Co., Ltd., a renewable energy company in 2017, and have continuing to strength our partnership. We currently are also a sponsor of Renewable Japan Energy Infrastructure Fund, Inc.
ReENE Matsumae Wind Power Plant, (Matsumae-gun, Hokkaido) the first wind power station with a storage battery in Hokkaido, started operation in April 2019. And, Suzuran Kushiro cho Solar power plant, (Kushiro-gun, Hokkaido) which is one of the largest power stations in Japan with a storage battery, has been in operation since February 2020.We plan to expand our assets to include not only the solar and wind power generation business, but also the biomass power generation business and the next-generation renewable energy business in the future.
Renewable energy is positioned as the main power source in Japan, and as the needs and social importance of clean energy increase, power generation companies and related businesses are required to have various functions and specialties.Therefore, Tokyu Land Corporation established the "Renewable Energy Association for Sustainable Power supply (REASP)" in December 2019 jointly with five companies including Renewable Japan Co.,Ltd. We will continue to expand our business by creating a system for stable supply over the long term while discussing with related ministries and agencies.
Use of renewable energy
Use of renewable energy
The Group uses photovoltaic energy, wind power and other forms of natural energy to power various businesses.
Solar power generation systems have been introduced to resort facilities, specifically to the Palau Pacific Resort and Tokyu Harvest Club Atami Izusan & VIALA. In addition, at the commercial facility Tokyu Plaza Omotesando Harajuku, two wind turbines have been installed on the rooftop to foster the use of natural energy.
Photovoltaic energy(Palau Pacific Resort and Tokyu Harvest Club Atami Izusan & VIALA)
Wind power(Tokyu Plaza Omotesando Harajuku)
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Building Management Systems in place measuring energy efficiency of properties
Tokyu Fudosan Holdings measures the energy efficiency of all real estate properties using an energy management system and uses it for future improvement measures.
Support with equipment and systems
Building Management Systems in place measuring energy efficiency of properties:
Tokyu Fudosan Holdings measures the energy efficiency of all real estate properties using an energy management system and uses it for future improvement measures. Specifically, first of all, we measure the energy such as electricity and gas used in the facilities that are continuously operated and managed, and periodically total them. Furthermore, using a simulation program, we estimate the energy-saving effect of renovation work and operational improvement of buildings and commercial facilities, and are promoting concrete measures.
Phase out investments in carbon intensive assets
In office buildings and commercial facilities operated and managed by Tokyu Land Corporation, we will gradually decarbonize by replacing energy-efficient and carbon-intensive equipment with energy-efficient equipment at the time of renewal.
Phase out investments in carbon intensive assets
In office buildings and commercial facilities operated and managed by Tokyu Land Corporation, we will gradually decarbonize by replacing energy-efficient and carbon-intensive equipment with energy-efficient equipment at the time of renewal.
Reduction in CO₂ emissions in office buildings
Shin-Meguro Tokyu Building
The Group works to reduce CO₂ emissions in the office buildings it manages through the installation of
Reduction of CO₂ Emissions
Reduction in CO₂ emissions in office buildings
The Group works to reduce CO₂ emissions in the office buildings it manages through the installation of energy-saving equipment and in cooperation with its tenants. By implementing these initiatives, the Group aims to serve a pioneering role in achieving the numerical energy conservation targets for new office buildings stipulated in the environmental action plan formulated by the Real Estate Companies Association of Japan.
At the Shin-Meguro Tokyu Building developed by Tokyu Land Corporation, we have achieved visualization through the installation of BEMS (building energy management system) monitors on each floor that allow tenants to confirm their energy consumption and also reduced energy use for the entire building through means such as the installation of natural ventilation systems and automatic dimming equipment.
Shin-Meguro Tokyu Building
Energy management monitor for each floortitle
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Reduction in CO₂ emissions in condominiums
Branz City Shinagawa Katsushima
The 356-unit Branz City Shinagawa Katsushima is a large condominium building in which the collective strengths of the Tokyu Group,
Reduction in CO₂ emissions in condominiums
The 356-unit Branz City Shinagawa Katsushima is a large condominium building in which the collective strengths of the Tokyu Group, including Tokyu Land Corporation and Tokyu Community Corporation, are being used to make it more energy efficient.
As a result of efforts including the adoption of the world's first home use fuel cell for condominiums called Enefarm in all housing units and the installation of HEMS as a system the enables the visualization of home power consumption, it has been estimated that CO₂ emissions have been reduced by at least 60% and the highest S Rank (self-evaluation) has been acquired using CASBEE (Comprehensive Assessment System for Built Environment Efficiency).
We will verify CO₂ reduction results and provide feedback to residents as we aim for even further energy efficiency. In recognition of these efforts, the project was selected as a Low-CO₂ Residence and Building Leadership Project by the Ministry of Land, Infrastructure and Transport.
Branz City Shinagawa Katsushima
Enefarm for condominiumstitle
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TOKYU COMMUNITY Technology Training Center NOTIA acquired Nearly ZEB
Initiatives towards ZEB and ZEH
TOKYU COMMUNITY Technology Training Center NOTIA acquired Nearly ZEB
TOKYU COMMUNITY CORP. has acquired “Nearly ZEB” certification of Building-Housing Energy-efficiency Labeling System (BELS) led by the Ministry of Land, Infrastructure, Transport and Tourism at TOKYU COMMUNITY Technology Training Center NOTIA. Zero Energy Building (ZEB) refers to a building that aims to reduce total energy usage by self-sufficient energy through solar power generation while minimizing energy consumption through energy-saving technologies on construction or equipment. NOTIA became the first office building in Tokyo to acquire “Nearly ZEB” with 75% energy reduction.
TOKYU COMMUNITY CORP., as a comprehensive real estate management company, aims to achieve an energy conservation effect of 75% or higher through further energy conservation operations of Nearly ZEB properties, and accumulate know-how regarding energy-saving operation of buildings and expand it into our sales and proposal activities.
Program to promote corporate value improvement through decarbon management
Program to promote corporate value improvement through decarbon management
Tokyu Fudosan Holdings Co., Ltd. participated in the “Corporate Value Improvement Promotion Program by Decarbonizing Management” sponsored by the Ministry of the Environment in fiscal 2018, and studied internal carbon prices. Reference : Ministry of Environment HP (Japanese)
Third-party Independent Verification of Environmental Data
第三者検証意見書アイコン（和文）
Third-party Independent Verification
The Tokyu Fudosan Holdings Group receives independent verification of its environmental data from a third-party in order to ensure the reliability of this information.
For fiscal 2022, the scope of this verification includes data for our greenhouse gas emissions (Scope 1, Scope 2, Scope 3 (Category 1-8 and 11-13) and energy usage).
Third-party Independent Verification Report on Environmental Data
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