tokyu land corporation

Financial Highlights FY2023 Ended March-31, 2024

 

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Cover

Disclaimer

Contents

Highlights

Progress of Medium-Term Management Plan and Initiatives to Enhance Corporate Value

Summary of the Financial Results for FY2023, and Forecast for FY2024

Segment Overview

Co-Creation with Partners initiatives

Sustainability and DX Initiatives

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Sustainability and DX Initiatives

We will introduce some examples of our sustainability initiatives.

Tokyu Land Corporation completed the transition to 100% renewable energy for the electricity used at its offices and facilities as of December 1, 2022. After undergoing an official assessment of its renewable energy usage record over the course of a year as part of the RE100 initiative, the company was certified by RE100 initiative, as having achieved its RE100 targets.
This makes Tokyu Land the first entity to be granted certification as a business company that has met the RE100 target, except in financial institutions in Japan, and the company has also been featured as a leading company in Japan in the “RE100 2023 Annual Disclosure Report.” Going forward, we will continue to use renewable electricity in our own operations, as well as provide environmental value to our customers by converting our own facilities to renewable energy and supplying renewable electricity through corporate PPAs, etc., with the aim of realizing a decarbonized society through our business.

We have also formulated the TNFD Report (2nd edition), which references the TNFD Final Recommendations v1.0 published in September 2023 by the Task Force on Nature-related Financial Disclosures (TNFD).
This report is a revised version of the TNFD Report (1st edition), which references TNFD beta framework v0.4, which we formulated in August 2023 as the first framework in the domestic real estate industry, in line with the final recommendations.
Going forward, we will continue to contribute to nature positivity through our business and will continue to disclose information to the world in line with the TNFD recommendations.
For details, please refer to the 2024.1 TNFD Report (2nd edition) on our website.

For the third consecutive year, we have been selected for CDP’s A list, the highest rating, for our measures to address climate change. We received a high rating for being progressive in terms of goal setting, initiatives, and information disclosure with regard to climate change.