tokyu land corporation

Financial Highlights FY2024 First Quarter (First Three Months) Ended June 30, 2024

 

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Contents

Highlights

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

Summary of the FY2024 First Quarter (First Three Months) Ended June 30, 2024

Segment Overview

Initiatives for Co-Creation with Partners and Utilization of Regional Resources

Sustainability and DX Initiatives

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Science-Based Targets for the Low-Carbon Transition

We would like to explain our specific efforts to achieve SBT certification (1.5℃ level).

With regard to Scope 1 and 2, we achieved our target for reducing in-house CO2 emissions by 50% or more in FY2022, one year ahead of the scheduled timing of FY2023, by methods such as switching to renewable energy at Tokyu Land Corporation's main facilities.
 
For Scope 3, it is necessary to collaborate with partners such as construction companies and provide decarbonization value to customers.
We have set targets of approximately 50% by FY2025 and 100% by FY2030 for the proportion of developed properties achieving building performance that is equivalent to or exceeds ZEB/ZEH Oriented standards.
Additionally, all newly constructed large buildings have met ZEB standards, in principle, since March 2022. Additionally, for newly constructed condominiums, all condominiums for sale have met ZEH standards since FY2023, and our target is for all urban rental and student residence condominiums to achieve such standards from FY2025 onward. In this way, we aim to achieve our target.