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I would like to share with you some examples of our efforts regarding sustainability.
First, in November 2023, we published a report on Environmental Management, which is positioned as the Group policy. The report describes our initiatives with a focus on a decarbonized society, a recycling-oriented society, and biodiversity.
For details, please refer to the 2023 Environmental Management Report on our website.
In addition, the Company was selected for the A-list, the highest rating, in CDP's climate change measures for three consecutive years. We received a high evaluation for being progressive in terms of goal setting, initiatives, and information disclosure with regard to climate change.
Next, we would like to talk about the MSCI ESG rating of "AA”.
Tokyu Fudosan Holdings Corporation received an "AA" rating, which is second only to the highest rating of "AAA", in the "MSCI ESG Ratings", which rates companies worldwide in terms of their ESG initiatives and information disclosure.
We consider this to be a recognition of the ESG initiatives we have been focusing on, as well as our strategies and business activities based on the Group policies of Environmental Management and DX.
Lastly, I would like to discuss Tokyu Land Corporation's completion of the switchover to renewable energy sources for 100% of the electricity used at its offices and owned facilities, which is a requirement for achieving RE100.
Taking advantage of the fact that we are a power generation company, we have achieved an early switchover to renewable energy power by combining various methods, including the use of non-fossil certificates tracked by our own renewable energy power plants and the direct supply of renewable energy power from non-FIT power plants to our own facilities. We will continue to apply for RE100 based on our track record of renewable energy use.
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