Major External Evaluations and Awards

UN Global Compact

The world’s largest sustainability initiative, in which the private sector (companies and organizations) works together with the United Nations with the goal of building a sound global society. In 2016, Tokyu Fudosan Holdings Corporation signed and joined the Global Compact Network Japan. In accordance with the 10 principles of the Compact spanning the four subjects of human rights, labor, environment, and anti-corruption, we are working to resolve societal issues and contribute to the realization of a sustainable society.

Task Force on Climate-related Financial Disclosures (TCFD)

In addition to declaring our support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) established by the Financial Stability Board (FSB) to review climate-related disclosure and financial institutions' responses, Tokyu Fudosan Holdings Corporation is also a member of the TCFD Consortium, an organization comprised of Japanese companies that support the TCFD.

Science Based Targets (SBT)

Tokyu Fudosan Holdings Corporation has declared to SBT initiative that it will work to set a Science Based Target for greenhouse gas reduction and its target has been approved by SBT initiative as a Science Based Target in line with a 1.5°C trajectory.
Additionally, we have joined Business Ambition for 1.5°C and Race to Zero, global campaigns aiming to achieve net-zero emissions of greenhouse gas before 2050.

Renewable Energy 100%

The renewable energy business, which we entered in 2014, has achieved top-class results in Japan, and in December 2022, Tokyu Real Estate Co., Ltd. became the first Japanese business company to complete a 100% switch to renewable energy for the electricity used at its own offices and facilities.
In April 2024, CDP, the RE100 secretariat, certified that the RE100 goals had been achieved.

Principles for Responsible Investment (PRI)

Tokyu Land Capital Management Inc. became a signatory of the Principles for Responsible Investment (PRI) as of June 2019, in agreement with the underlying concept.
The PRI is a set of investment principles established for the financial industry in 2006. The aim is for companies to include ESG factors in their decision-making processes on investment and enhance the long-term investment performance of their beneficiaries.

FTSE4Good Index Series

Tokyu Fudosan Holdings Corporation has been selected for inclusion in the FTSE4Good Index Series, an index created by FTSE Russell, the wholly-owned subsidiary of the London Stock Exchange, which rates the sustainability of major global companies from an ESG perspective and selects corporations that it finds to offer overall excellence, for 15 consecutive years from 2010 (*1).

*1Selected for four consecutive years from 2010 to 2013 as TOKYU LAND CORPORATION, and for eleven consecutive years from 2014 to 2024 following the establishment of Tokyu Fudosan Holdings Corporation.

FTSE Blossom Japan Index

Tokyu Fudosan Holdings Corporation has been selected for inclusion in the FTSE Blossom Japan Index, an index created by FTSE Russell, the wholly-owned subsidiary of the London Stock Exchange, which comprises Japanese companies with outstanding ESG performance, for six consecutive years.
The FTSE Blossom Japan Index has been adopted by Japan's Government Pension Investment Fund (GPIF) as one of the benchmarks for its ESG investment strategy.

FTSE Blossom Japan Sector Relative Index

Tokyu Fudosan Holdings Corporation has been selected for inclusion in the FTSE Blossom Japan Sector Relative Index, an index created by FTSE Russell, the wholly-owned subsidiary of the London Stock Exchange, which comprises Japanese companies with outstanding ESG performance in their respective sectors.
The FTSE Blossom Japan Sector Relative Index has been adopted by Japan's Government Pension Investment Fund (GPIF) as one of the benchmarks for its ESG investment strategy.

MSCI Japan ESG Select Leaders Index

The MSCI Japan ESG Select Leaders Index developed by MSCI Inc. offers investors a method to integrate ESG into their investment process. The index consists of companies with high ESG profiles relative to their sector peers within its parent index, the MSCI Japan IMI Top 500 Index, which includes large, mid and small-cap securities in the Japanese markets.

The inclusion of TOKYU FUDOSAN HOLDINGS CORPORATION in any MSCI index, and the use of MSCI logos, trademarks, service marks, or index names herein, do not constitute a sponsorship, endorsement, or promotion of TOKYU FUDOSAN HOLDINGS CORPORATION by MSCI or any of its affiliates. The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names and logos are trademarks or service marks of MSCI or its affiliates.

MSCI Japan Empowering Women Index

Tokyu Fudosan Holdings Corporation has been selected for inclusion in the MSCI Japan Empowering Women Index (WIN), adopted by Japan's Government Pension Investment Fund (GPIF) as one of the benchmarks for its ESG investment strategy.
This ESG theme-specific index developed by MSCI Inc. consists of companies with high scores for gender diversity relative to their sector peers, based on data regarding female employment disclosed according to the Act on Promotion of Women's Participation and Advancement in the Workplace.

The inclusion of Tokyu Fudosan Holdings Corporation in any MSCI index, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement or promotion of Tokyu Fudosan Holdings Corporation by MSCI or any of its affiliates. The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names and logos are trademarks or service marks of MSCI or its affiliates.

S&P Carbon Efficient Index

Tokyu Fudosan Holdings Corporation has been selected for inclusion in the S&P/JPX Carbon Efficient Index, a stock price index for ESG investment by the General Pension Investment Fund (GPIF), which focuses on the environment among other ESG factors. The index's inclusion ratio is determined based on environmental information disclosure status and carbon efficiency (carbon emissions per unit of sales).

MSCI ESG Leaders Indexes

The MSCI ESG Leaders Index was developed by MSCI, Inc. of the United States. The index consists of mid- and large-cap stocks in the global MSCI Index, selected for their relatively high environmental, social and governance (ESG) ratings.

The inclusion of Tokyu Fudosan Holdings Corporation in any MSCI index, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement or promotion of Tokyu Fudosan Holdings Corporation by MSCI or any of its affiliates. The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names and logos are trademarks or service marks of MSCI or its affiliates.

CDP Climate Change

Tokyu Fudosan Holdings Corporation has been recognized for leadership in performance on climate change initiatives by global environmental non-profit CDP, securing a place on its annual ‘A List’, for the third consecutive year.
Note that in 2023, the Company also responded to surveys in areas other than climate change, receiving an A- for Water Security and a B for Forests.

CDP Supplier Engagement Leader

For the four year in a row since 2020, we have been awarded the highest rating of A (Leadership) in a survey conducted by CDP, an international environmental nonprofit organization, which evaluates companies' efforts to understand their greenhouse gas Scope 3 (upstream) emissions, set reduction targets, and engage with their suppliers.

GRESB

Tokyu Fudosan Holdings, Inc. has received a 4-star rating in the GRESB Real Estate Assessment for the Standing Investment Benchmark, which is related to the operation of existing properties, for three consecutive years since fiscal 2021. In addition, in the disclosure evaluation, which measures the level of ESG information disclosure, Tokyu Fudosan Holdings has received the highest rating of “A” for seven consecutive years since fiscal 2017, and received a score of 100 points in the 2023 evaluation. GRESB is an organization founded in 2009 by a group of major European pension funds, with the aim of maintaining and improving shareholder value by assessing and improving sustainability efforts in the global real estate sector.

Outstanding Health and Productivity Management Organization (White 500)

Tokyu Fudosan Holdings Corporation has been certified as an outstanding health and productivity management organization in 2024 under the program jointly operated by the Ministry of Economy, Trade and Industry and the Nippon Kenko Kaigi. Tokyu Fudosan Holdings Corporation was also recognized as a “White 500” enterprise, awarded to the top 500 performing companies in the certification program.

Digital Transformation (DX Stocks 2023)

With examples of the utilization of DX at Tokyu Fudosan Holdings, such as DX strategy unified with management strategy and organizations and systems for realizing those strategies, having been recognized, the company was selected as one of the “DX Stocks 2023” certified by the Ministry of Economy, Trade and Industry of Japan and the Tokyo Stock Exchange (TSE). DX Stocks is a program through which companies that have established internal systems for promoting DX that links to the enhancement of their corporate value and have demonstrated an outstanding track record of digital utilization are selected from among TSE-listed companies.

ECO-FIRST PROGRAM

Tokyu Fudosan Holdings Corporation acquired certification under the Eco-First Program, under which the Minister of the Environment certifies companies as being 'advanced, unique and industry-leading in their business activities' in the environmental field (i.e. environmentally advanced companies in the industry) ,In April 2024.

ESG Finance Award Japan

We won the Bronze Award in the "Environmentally Sustainable Company category" of the Ministry of the Environment's 5th ESG Finance Awards Japan. The ESG Finance Award Japan was established in 2019 by the Ministry of the Environment to evaluate and recognize financial institutions and companies actively engaged in environmental, social, and governance (ESG) initiatives. Its goal is to recognize institutional investors, financial institutions, and companies actively engaged in ESG finance and environmental and social projects, award their pioneering efforts, share them widely within society, and promote and expand the prevalence of ESG finance.

2021 Sustainable Finance Awards

Tokyu Fudosan Holdings Corporation received an Excellence Award for its “WE ARE GREEN” Bond Policy at the 7th (2021) Sustainable Finance Awards presented by the Research Institute for Environmental Finance (RIEF).