Keihanshin Building
Climate Impact & Sustainability Data (2022-04 to 2023-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Scope 3 Emissions:67,419 t-CO2e/year (2022)
Total Energy Consumption:16,102 MWh/year (2022)
ESG Focus Areas
- Climate Change
- Sustainable Resource Use
- Stakeholder Engagement
- Community Relations
- Employee Well-being
- Governance
Environmental Achievements
- Switched to LED lighting in office buildings
- Upgraded energy-saving equipment for voltage transformer and air-conditioning facilities in datacenter buildings
- Acquired Green Building Certification (CASBEE and BELS) for several properties
- Installed rooftop solar panels on Keihanshin Fuchu Building
Social Achievements
- Regular training with partner companies on disaster preparedness
- Initiatives for employee well-being (details not quantified)
Governance Achievements
- Established Sustainability Policy, Committee, and Promotion Group
- Incorporated climate change and sustainability issues into Director and Auditor training
- Science Based Targets (SBT) certification for GHG emission reduction targets
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality by 2050 (implied)
Medium-term Goals:
- Reduce Scope 1 and 2 GHG emissions by 46% (compared to FY 2019) by FY 2030
- Raise the ratio of the area of properties with Green Building Certification to 50% or more by FY2030
- Invest approximately 2.2 billion yen in energy-saving facility repairs by 2030
- Invest approximately 1.4 billion yen in disaster mitigation measures by 2030
Short-term Goals:
- Reduce per-unit energy consumption by 10% (compared to FY 2019) by FY 2030
Environmental Challenges
- Increased tax burden due to potential carbon tax
- Increased costs for upgrading facilities to meet stricter energy-saving regulations
- Increased capital investment and management costs due to renewable energy and energy-saving technologies
- Increased material procurement prices due to environmentally friendly procurement
- Increased construction, renovation, and repair costs due to extreme heat and stricter regulations
- Deterioration of financing conditions due to delays in climate change response
- Decreased rental income due to devaluation of rents and increased vacancy rates
- Criticism from stakeholders due to delays in climate change response
- Increased costs for disaster measures, insurance, and repairs due to intensified natural disasters
- Compensation payments and tenant departures due to inadequate disaster measures
- Increased construction time and costs due to extreme heat
- Increased maintenance and management costs due to increased air-conditioning use
Mitigation Strategies
- Gradual change to energy-saving equipment for lighting and air-conditioning
- Investment of approximately 2.2 billion yen by 2030 in energy-saving facility repairs
- Promoting acquisition of Green Building Certification
- Installing tide protection plates at properties
- Relocating extra-high voltage transformer facilities to upper floors
- Investment of approximately 1.4 billion yen by 2030 in disaster mitigation measures
- Collaborative training with partner companies on disaster preparedness
Supply Chain Management
Responsible Procurement
- Environmentally friendly procurement
Climate-Related Risks & Opportunities
Physical Risks
- Typhoons, floods, rising sea levels, rising average temperatures
Transition Risks
- Introduction of carbon tax, strengthening of energy-saving regulations, technology progress, market changes, changes in tenant needs, criticism from stakeholders, deterioration of financing conditions
Opportunities
- Reduced tax burden due to GHG emission reduction
- Reduced building management costs
- Increased demand for buildings with high environmental performance
- Increased demand for datacenters
- Cultivating a new investor base
- Improving brand power
Reporting Standards
Frameworks Used: TCFD
Certifications: CASBEE, BELS, Science Based Targets (SBT)