Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety and Reliability
• Community Wellbeing
• Tourism
• Airport Link
• Governance
• Talent

Environmental Achievements

• Achieved virtually zero CO2 emissions in Skyliner operations from April 2023 by using FIT non-fossil certificates derived from renewable energy.
• Set Keisei Group CO2 emissions reduction target: 46% reduction by FY 3/2031 compared to FY 3/2014; Net zero by FY 3/2051.
• Implemented first Green Loan in September 2022 to raise business funds for environmental impact mitigation.

Social Achievements

• Reduced Hokuso Line fares by 15.4% in October 2022 to promote economic activity.
• Launched various initiatives to rejuvenate areas along the Hokuso Line, including the Hokuso Line Revitalization Train and events.
• Developed a mobile supermarket, Tokushimaru, to address shopping difficulties for elderly and vulnerable populations.
• Established nurseries near stations to support childcare needs.

Governance Achievements

• Endorsed the TCFD recommendations in July 2022 and began disclosing information based on that framework.
• Consolidated Shin-Keisei Electric Railway as a wholly owned subsidiary on September 1, 2022.
• Registered with the Declaration of Partnership Building in February 2023.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on transportation demand.
• Population decline and aging population.
• Functional enhancement of Narita Airport.
• Supporting the SDGs.
• Climate change impacts on facilities, equipment, and operations.
• Increased financial burden due to strengthening of greenhouse gas emissions regulation.

Mitigation Strategies

• Formulated the long-term business plan D Plan (FY 3/2023 to FY 3/2031) and medium-term business plan D1 Plan (FY 3/2023-FY 3/2025).
• Implemented various measures to recover from the Covid slump and return to growth.
• Upgrading railway facilities for resilience to natural disasters.
• Promoting tourism resources.
• Introducing rail cars and other equipment with improved environmental performance.
• Actively investing in projects to further future growth prospects.

Supply Chain Management

Responsible Procurement

• Embracing the SDG agenda to reduce CO2 emissions and save energy and resources across supply chains.

Climate-Related Risks & Opportunities

Physical Risks

• Damage to facilities and equipment due to extreme weather events.
• Reduced leisure travel opportunities due to extreme weather.

Transition Risks

• Increased financial burden due to strengthening of carbon pricing.

Opportunities

• Increased users favoring railways with superior environmental performance.
• Reduction in energy costs through adoption of clean energy technologies.

Reporting Standards

Frameworks Used: International Framework of the International Financial Reporting Standards (IFRS) Foundation, Ministry of Economy, Trade and Industry’s Guidance for Integrated Corporate Disclosure and Company-Investor Dialogues for Collaborative Value Creation, TCFD

Sustainable Products & Innovation

• Energy-efficient railcars (3100-type)
• Fuel cell buses

Environmental Metrics

ESG Focus Areas

• Safety and Security
• Daily Life
• Tourism Promotion
• Airport Transportation
• Governance
• Human Resources
• Sustainability

Environmental Achievements

• Achieved virtually zero CO2 emissions for Skyliner operations by using renewable energy-derived non-fossil certificates from April 2023.
• Set a CO2 emission reduction target of 46% by 2030 compared to 2013.
• Introduced energy-efficient VVVF devices and regenerative brakes in railway vehicles.
• Implemented LED lighting and vehicle lightweighting to reduce energy consumption.
• Introduced SiC-VVVF control systems in 3100 series (Keisei Electric Railway) and 80000 series (Shin-Keisei Electric Railway) vehicles to further reduce energy consumption.
• Introduced environmentally friendly buses such as idling stop buses and hybrid buses.
• Installed solar power generation systems at various locations, including the Chiharadai solar power plant.

Social Achievements

• Implemented significant fare reductions on the Keisei Sky Access Line and the Hokuso Line in October 2022 to revitalize the surrounding areas.
• Launched a variety of initiatives to promote tourism in the Keisei Group's business areas, including collaborations with local governments and popular characters.
• Implemented various measures to improve customer satisfaction, including the BMK (Best Manners Improvement) Promotion Movement.
• Established a grievance mechanism (internal and external whistleblowing hotlines).
• Implemented initiatives to create a family-friendly environment, including the establishment of nurseries near stations and under railway viaducts.
• Participated in collaborative projects with local universities and colleges.
• Launched a collaboration project with the Tokyo University of the Arts to create a VR experience of the former Hakubutsukan-Dobutsuen Station.
• Implemented initiatives to support work-life balance, including 100% maternity leave rate for women and 42.9% paternity leave rate for men in Keisei Electric Railway as of March 31, 2023.

Governance Achievements

• Endorsed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in July 2022.
• Established a project promotion department in July 2022 to prepare for the increased transportation demand associated with the expansion of Narita Airport.
• Implemented a system of executive officers to strengthen the management execution system.
• Appointed five outside directors to enhance corporate governance.
• Established an internal whistleblowing hotline.
• Secured 100 billion yen in green loans in September 2022 and 100 billion yen in social loans in June 2023 for environmentally and socially responsible projects.
• Fully acquired Shin-Keisei Electric Railway in September 2022.

Climate Goals & Targets

Environmental Challenges

• Impact of the COVID-19 pandemic on passenger numbers and revenue.
• Continued decrease in population due to declining birthrate and aging population.
• Need to adapt to the changing needs of customers and the environment.
• Climate change and its potential impact on business operations.
• Need to enhance Narita Airport's functions and respond to increased transportation demand.
• Maintaining a healthy financial condition while investing in future growth.

Mitigation Strategies

• Developed long-term and medium-term management plans (D Plan and D1 Plan) to address the challenges and achieve sustainable growth.
• Implemented various measures to improve efficiency and reduce costs.
• Strengthened corporate governance and risk management.
• Implemented initiatives to reduce CO2 emissions and promote sustainability.
• Actively engaged in stakeholder engagement to understand their needs and expectations.
• Developed alternative sourcing strategies and implemented responsible procurement practices.

Supply Chain Management

Responsible Procurement

• Commitment to sustainable procurement practices.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events, such as typhoons and heavy rainfall.

Transition Risks

• Strengthening of environmental regulations, such as carbon pricing.

Opportunities

• Increased demand for environmentally friendly transportation.

Reporting Standards

Frameworks Used: International Integrated Reporting Framework, TCFD

Sustainable Products & Innovation

• Energy-efficient railway vehicles, hybrid and electric buses, and renewable energy projects.

Environmental Metrics

ESG Focus Areas

• Safety and reliability
• Community wellbeing
• Tourism
• Airport link
• Governance
• Talent

Environmental Achievements

• Achieved virtually zero CO2 emissions in Skyliner operation by using renewable energy sources, reducing CO2 emissions by approximately 9,000 tons per year.
• Introduced energy-saving vehicles, including the 3200 class train with a 69% reduction in power consumption compared to previous models.
• Introduced electric vehicles (EV) in bus and taxi services.

Social Achievements

• Launched Keisei GRAB & GO, an online direct sales site integrating with WeChat, boosting ridership and convenience for international tourists.
• Implemented fare supplements for barrier-free railway stations, installing platform doors and other facilities.
• Introduced a discount system for the mentally challenged.
• Expanded sales of commuter passes and special tickets via the internet and smartphones.
• Collaborated with local governments, educational institutions, and businesses on regional revitalization initiatives.
• Developed and opened new stores in and around stations to improve convenience for local residents.
• Established nurseries near stations to address childcare waiting lists.
• Proactively hired female drivers at Keisei Bus and created a supportive working environment for women.

Governance Achievements

• Established We Keisei Inc. to centralize routine operations, boosting efficiency and securing human resources.
• Consolidated Kanto Railway as a wholly owned subsidiary.
• Concluded a merger agreement with Shin-Keisei Electric Railway.
• Improved disclosures of non-financial (ESG) information.
• Strengthened corporate governance through the establishment of committees and improved decision-making processes.
• Received certification of conformity with green loan principles for sustainable finance.

Climate Goals & Targets

Environmental Challenges

• Declining birthrate and population shrinkage in Japan.
• Shortage of drivers.
• Increased frequency and severity of natural disasters.
• Growing demand for airport transportation.
• Need to enhance transport capacity to serve growing numbers of foreign tourists.
• Need to revitalize neighborhoods along rail lines and improve convenience.

Mitigation Strategies

• Proactive investment in real estate leasing business.
• Strategic investment for sustainable growth.
• Strengthening non-transportation segments to make business portfolio resilient to external changes.
• Flexible approach to funding investments.
• Implementing measures to strengthen disaster resilience.
• Utilizing technology to improve safety and security.
• Expanding Sogo Depot to adapt to increased demand.
• Collaborating with stakeholders to launch and advance various projects.
• Investing in human resources, particularly in terms of the development of employee skills.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Damage to facilities and equipment and interruption of operations due to climate change-related increase in extreme weather events.

Transition Risks

• Increased financial burden due to introduction and strengthening of carbon pricing.

Opportunities

• Increased users favoring railways with superior environmental performance.

Reporting Standards

Frameworks Used: IFRS

Certifications: Green Loan Principles (R&I)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• 3200 class train
• EV buses
• EV taxis

Awards & Recognition

• CDP Climate Change Questionnaire: B-
• Gold certification for achieving a 100% record in childcare leave (Teito Motor Transportation).

Environmental Metrics

ESG Focus Areas

• Safety and Security
• Daily Life
• Tourism Promotion
• Airport Transportation
• Governance
• Human Resources
• Environment

Environmental Achievements

• Achieved CO2 emissions virtually zero for Skyliner operation since April 2023 by using renewable energy.
• Reduced CO2 emissions by 23.4% compared to 2013.

Social Achievements

• Launched We Keisei, a shared service company, for improved efficiency and human resource management.
• Implemented a mental health program for employees.
• Achieved 100% female and 37.5% male parental leave rates.
• Introduced a mental disability discount system in June 2024.

Governance Achievements

• Concluded a merger agreement with Shin-Keisei Electric Railway Co., Ltd. in October 2023.
• Fully acquired Kanto Railway Co., Ltd. in September 2024.
• Implemented an executive officer system to strengthen operational efficiency.
• Established a compliance and risk management committee.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to climate events
• Shortage of drivers
• Increasing frequency and severity of natural disasters
• Risk of terrorism and assault
• Aging population and declining birthrate
• Changes in employment environment and rising prices
• Need for increased transportation capacity due to Narita Airport expansion

Mitigation Strategies

• Developed alternative sourcing strategies
• Introduced driver abnormality system in buses
• Strengthened disaster preparedness measures
• Enhanced security measures at stations and trains
• Implemented measures to revitalize the Hokuso Line area
• Actively invested in the real estate rental business
• Implemented measures to improve customer satisfaction
• Strengthened corporate governance
• Developed human resources
• Introduced a shared service company (We Keisei)

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (heat waves, heavy rain)
• Damage to facilities and equipment

Transition Risks

• Strengthening of greenhouse gas emission regulations
• Introduction of carbon pricing
• Increase in renewable energy surcharges

Opportunities

• Increased demand for environmentally friendly railways
• Lower energy costs due to the spread of clean energy technologies

Reporting Standards

Frameworks Used: International Integrated Reporting Framework, TCFD