The Tokyu Fudosan Holdings Group recognizes that climate change is an important environmental issue that greatly impacts its business activities.

Policy

The Tokyu Fudosan Holdings Group recognizes that climate change is an important environmental issue that greatly impacts its business activities.

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.

Commitments

It is based on this awareness that the Group is promoting the more efficient use of energy and the utilization of renewable energy 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 and address the issues of climate change and energy consumption.

The Tokyu Fudosan Holdings Group has in place the Tokyu Fudosan Holdings Sustainability Committee, which is chaired by the President

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 3 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 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.

4℃Scenario & 2℃Scenario

Climate Scenario plannings and climate-related risk management

●Society in 4℃ scenario
 Worsening natural disasters while transition to low carbon/renewable energy stalled.    
  ●Society in 2℃ scenario
 Natural disasters becomes not as worse as 4℃ scenario while ZEB/renewable energy become popular.



 

This card shows data on CO₂（GHG） emissions of Tokyu Fudosan Holdings Group.

GHG(CO₂) emissions data

This card shows data on energy use of Tokyu Fudosan Holdings Group.

Energy usage data

Reduction of CO₂ emissions / Reduction of energy consumption

●Reduction of CO₂ emissions / Reduce energy consumption
      at resort facilities

• Review of lighting time
• Unnecessary lights go out
• Review illuminance

• 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

• 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

　 (Ⅱ)　Achievement status on quantified reduction targets

Initiatives to Address Social Issues through the Renewable Energy Business

Amid calls to reduce emissions of CO₂ and other greenhouse gases in the supply of energy, expectations are rising for renewable energy from solar and wind power. Renewable energy is not depleted with use because it is produced from natural phenomena. It also does not emit greenhouse gases. The renewable energy business, in addition to producing clean energy, contributes to local job creation and economic activity through the development and operation of power generation facilities.

SDGs in the
Renewable Energy Business

Development of the Renewable Energy Business in 43 Locations Nationwide

The Group first invested in a solar power generation project in 2014. In 2017, we entered into a capital and business alliance with Renewable Japan Co., Ltd., a renewable energy provider. In July 2018, through a joint investment with the Development Bank of Japan we began an ownership and operation business for seven projects that are either currently in operation or under development. We are now involved in renewable energy business facilities in 43 locations throughout Japan(including projects under development. As of the end of June 2019) and rated capacity 829MW(Total involvement business value including joint venture) .

Projects in various regions are moving forward, including the Suzuran Kushiro-cho Solar Power Plant (tentative name), which will be one of Japan’s largest solar power generation facilities equipped with storage batteries, and an innovative solar sharing business in Ichinoseki, Iwate Prefecture that will operate both a solar power generation facility and an agricultural business. We will continue to contribute to the realization of a sustainable society and regional development through our businesses

Renewable Energy Business Map

The Group works to reduce CO₂ emissions in the office buildings it manages through the installation of

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 floor

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 condominiums

The Group uses photovoltaic energy, wind power and other forms of natural energy to power various businesses.

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)

Company position on public policy for mitigating climate change

Tokyu Land Corporation approves the Tokyo Cap-and Trade program.

Our date is here.

Third-party Independent Verification of Environmental Data

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 2019, the scope of this verification includes data for our greenhouse gas emissions (Scope 1, Scope 2, Scope 3 (Category 1-7 and 11) and energy consumption).

Third-party Verification Report on Greenhouse Gas Emissions

• Third-party Verification Report.pdf (PDF:8,631KB)