Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced CO2 emissions by 36% from 2019 levels by 2022.
• Achieved 98% renewable energy share in 2021.
• Reduced energy consumption by 11% from 2019 levels by 2022.
• Introduced LED lighting, achieving 63% reduction in energy consumption in 2021.
• Reduced water consumption by 10% by 2025 (short-term goal).

Social Achievements

• Launched employee well-being programs.
• Implemented diversity and inclusion initiatives.
• Increased community investment.
• Launched the Keikyu Accelerator Program to foster innovation.

Governance Achievements

• Established a Sustainability Committee.
• Linked executive compensation to ESG performance.
• Implemented anti-corruption training.

Climate Goals & Targets

Environmental Challenges

• Climate change related risks (physical and transition risks).
• Supply chain disruptions.
• Social risks.
• Regulatory risks.

Mitigation Strategies

• Developed alternative sourcing strategies.
• Implemented Business Continuity Plans (BCP).
• Developed mitigation strategies for climate-related and non-climate-related risks.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Carbon neutrality
• Community development
• Diversity and Inclusion
• Work-life balance
• Corporate governance

Environmental Achievements

• Formulated Basic Sustainability Policy aiming for carbon neutrality by 2050
• Aiming for 100% renewable energy-derived electricity across Keikyu lines
• Aiming for all new condominiums to be ZEH-certified and at least 50% of new leasehold or complex properties to be ZEB-certified

Social Achievements

• Efforts for diversity and work-life balance (promotion system to support diverse ways of working and help handle both child-rearing and nursing care)
• Implementation of measures based on the Basic Sustainability Policy (Staggered working hour system, Hour-based leave system, Telework system)
• High rate of paid leave taken: 94.2% (FY2022)
• Childcare and nursing care support initiatives
• Community engagement through newcal platform

Governance Achievements

• ESG indicator introduced as part of the evaluation items for executive officer bonuses
• Expanded information disclosure based on TCFD recommendations
• Sustainability linked loan secured

Climate Goals & Targets

Environmental Challenges

• Delays in schedules and higher material prices for development projects around Shinagawa Station
• Problem with capital efficiency in the medium and long term due to prioritizing response to COVID-19 impact in the previous plan
• Population decline, declining birthrates, and an increase in foreign labor
• Advent of a super-aging society
• Increased risk of large-scale natural disasters

Mitigation Strategies

• Strengthening the management base by making radical changes to business structure, such as promoting low-cost operation and downsizing back-office divisions
• Promoting business portfolio reforms by strengthening the real estate business, including property securitization
• Continue to maintain financial health and improve capital profitability to promote large-scale development
• Realize new value through the upward spiral of mutual value co-creation between the mobility and community creation platforms

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD