INVESTOR RELATIONS
Environmental Management
Publication of the "Environmental Management Report"
In our long-term vision GROUP VISION 2030 announced in May 2021, we declared that WE ARE GREEN is the banner of the Group, and we aim to realize a future where everyone can be themselves and shine with vitality through the creation of attractive and diverse lifestyles by 2030, the target year of the vision. We have declared that we aim to realize a future in which everyone can be themselves and shine vigorously through the creation of a variety of attractive lifestyles. We have positioned "environmental management" and "DX" as the pillars of our company-wide policy to realize our ideal state, and we are working to become a corporate group that continuously creates new value by solving social issues through our business activities.
We have decided to publish the "2023 Environmental Management Report" as we did in the previous fiscal year in order to communicate our unique value creation process through "environmental management," which cannot be fully conveyed in our long-term vision, medium-term management plan, or annual integrated report. The purpose of this report is to provide our shareholders, investors, customers, business partners, group employees, and other stakeholders with a better understanding of our two corporate policies and initiatives.
Please refer to the Company's website for details of report.
Outline of the 2023 Environmental Management Report
Environmental Management Strategy
- In GROUP VISION 2030, the Company formulated "Environmental Management" as a company-wide policy. In the Mid-term Management Plan 2025, the environmental mid-term plan was set as "Expansion of business opportunities with the environment as the starting point", and the Company has designated a decarbonized society, a recycling-oriented society, and biodiversity as priority issues.
- Based on the Environmental Vision, the basic philosophy of which was formulated in 1998, Minebea will comprehensively address environmental issues as an environmentally advanced company. View solutions to environmental issues as business opportunities and expand business opportunities starting from environmental initiatives to envision a sustainable society and our own growth through GX.
Three environment-focused challenges
1:Decarbonized Society
As a real estate business, we are on the demand side of energy, but because we are also a supplier of renewable energy, we see the role we must play as an important one and will accelerate our efforts even more than before.
- Tokyu Land Corporation has switched 100% of the electricity for all 244 facilities it owns in Japan to renewable energy by utilizing its own power generation facilities.
- To achieve SBT 1.5°C, Tokyu Land achieved a 50.6% reduction in CO2 emissions in FY2022, well ahead of the initial target for the Scope 1 and 2 targets of a 50% or more reduction in CO2 emissions compared to FY2019.
- In July 2023, we were the first in the industry to formulate a "Transition Plan to a Decarbonized Society" in line with the TCFD framework, reaffirming that our business and financial strategies are aligned with the roadmap to reduce CO2 emissions.
- We have achieved much in the way of expansion of renewable energy projects, urban development utilizing the perspective of power generation companies, and environmentally friendly real estate development, and will continue to work on these areas as priority areas.
2:Recycling-oriented Society
We will accelerate efforts to build a circular economy, which is becoming increasingly important in the real estate industry, which uses large amounts of resources. Additionally, as a company involved in urban development, we will continue to contribute to the realization of a sustainable regional recycling society.
- In order to realize a circular economy, we will reorganize the role played by the expansion of the distribution and management industry itself, which makes the most effective use of existing stock. We will also promote initiatives based on resource conservation and reuse in the area of urban development.
- In each region, we will develop our business on the premise that each local community can continue to be sustainable over the long term by coexisting with the local community and resolving local issues. Through our business, we will contribute to the realization of a local recycling society.
3:Biodiversity Conservation
As a company that utilizes land and conducts business based on the benefits of natural capital such as forests and the ocean, we will organize the role we should play in promoting nature positivity in both urban and rural areas, and will utilize the skills of the landscaping companies within our group.
- We revised the biodiversity policy formulated in 2011 based on past efforts, taking into account domestic and international social and policy trends. It has been decided that more in-depth measures will be taken towards nature positivity.
- In accordance with the TNFD framework, we have published a "TNFD Report" that organizes our relationship with nature. We reevaluated the degree to which our efforts to date have contributed to nature positivity in the Greater Shibuya Area, which has been designated as a priority area.
- Based on the concept of "green infrastructure," which utilizes the functions of the natural environment to solve various social issues, we will advance initiatives unique to our group by leveraging Ishikatsu Exterior's strengths throughout the value chain.
Environmental Promotion Infrastructure
- We have established an internal promotion system to ensure thorough risk management and compliance practices.
- We are committed to promoting environmental initiatives by establishing a long-term, continuous issuance policy for ESG bonds.
- We have been recognized for our industry-leading initiatives and have consistently received high evaluations in various ESG certifications.
- Promote appropriate environmental responses by working with stakeholders throughout the supply chain.