Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Conservation
• Safety and Security
• Regional Value Enhancement
• Creating a Workplace Where Everyone Can Thrive
• Governance and Risk Management

Environmental Achievements

• Implemented actions towards 2050 carbon neutrality, aiming for a 25% reduction in CO2 emissions (Scope 1+2) by 2030 compared to 2020 for the entire Meitetsu Group, and a 46% reduction for the Nagoya Railroad's railway business compared to 2013.
• Achieved 100% recycling rate for used paper tickets.
• Introduced 16 electric small trucks (eCanter).

Social Achievements

• Launched area-based MaaS app "CentX" with 636,000 cumulative downloads by the end of the reporting period.
• Established Meitetsu Smile Plus to support working parents through after-school programs and childcare.
• Achieved 98.5% barrier-free accessibility rate at railway stations.

Governance Achievements

• Established the ESG Promotion Committee to promote sustainability initiatives.
• Introduced a performance-linked compensation and stock compensation system for directors.
• Made Meitetsu Transportation a privately held company.

Climate Goals & Targets

Environmental Challenges

• Impact of the COVID-19 pandemic on transportation, leisure, and service businesses.
• Decreased inbound tourism.
• Rising fuel prices and material costs.
• Driver shortage and labor regulations.
• Climate change risks (extreme weather, flooding).

Mitigation Strategies

• Business restructuring (e.g., bus, taxi, hotel, distribution businesses).
• Cost reduction measures.
• Strengthening of supply chain resilience.
• Development of alternative sourcing strategies.
• Investment in energy-efficient equipment and renewable energy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather, flooding

Transition Risks

• Carbon pricing, regulatory changes

Opportunities

• Increased demand for low-carbon transportation, MaaS expansion, DX-driven efficiency improvements.

Reporting Standards

Frameworks Used: International Integrated Reporting Framework (IIRF), Value Creation Guidance (METI), Environmental Reporting Guidelines (MOE), GRI Sustainability Reporting Standards, TCFD Recommendations

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Health Management Excellent Company 2022

Environmental Metrics

ESG Focus Areas

• Clean Transportation
• Energy Efficiency
• Socio-economic Improvement and Empowerment
• Regional Revitalization

Environmental Achievements

• Introduction of 9500 and 9100 series commuter trains with approximately 55% energy reduction compared to 6000 series.
• LED lighting conversion at 47 out of 272 stations and 67% of railway signals by the end of fiscal year 2023.
• Construction of an energy-efficient edge data center with a target pPUE of 1.3 or less.

Social Achievements

• Higashi-Okazaki Station redevelopment project to revitalize the area.
• Commercial facility development under the elevated tracks at Nunoya Station.
• Enhancement of the CentX MaaS app to improve seamless mobility services and regional information.

Governance Achievements

• Establishment of an ESG Promotion Committee chaired by the president, including executive officers and relevant department heads.

Climate Goals & Targets

Environmental Challenges

• Disposal of existing vehicles and lighting during upgrades.
• Potential negative impacts from construction projects on surrounding residents and environment.

Mitigation Strategies

• Thorough recycling and proper disposal of existing vehicles and lighting.
• Compliance with environmental regulations, environmental impact assessments, and communication with local residents.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ICMA Green Bond Principles (GBP) 2021, ICMA Social Bond Principles (SBP) 2021, ICMA Sustainability Bond Guidelines (SBG) 2021, LMA Green Loan Principles (GLP) 2023, APLMA & LSTA Social Loan Principles (SLP) 2023, Japanese Ministry of the Environment Green Bond Guidelines 2022, Japanese Ministry of the Environment Green Loan Guidelines 2022, Japanese Financial Services Agency Social Bond Guidelines 2021

UN Sustainable Development Goals

• SDG 7
• SDG 11
• SDG 12
• SDG 13
• SDG 8
• SDG 9
• SDG 17

The projects contribute to these SDGs through energy efficiency, sustainable urban development, responsible consumption and production, climate action, decent work, innovation, and partnerships.