TOKYU REIT and Tokyu REIM promote environmentally friendly initiatives such as transitioning to a decarbonized society and addressing climate change by promoting energy conservation and using renewable energy and realizing a recycling-oriented society by conserving water and reducing waste, and communicate the status of these activities to investors, etc.

<TOKYU REIT>

    Reduction of Energy Consumption and Greenhouse Gas (“GHG”) Emissions

    ◆Set target

    Energy consumption intensity, greenhouse gas emission intensity:
    3% reduction from actual results for FY2019(Feb. 2019 - Jan. 2020)

    Environmental Performance Data (Energy & Greenhouse Gas Emissions)

    FY2020
    Feb. 2020 – Jan. 2021

    Energy consumption
    (GJ)

    105,194※ 
    (364,489) 

    Electricity 90,544  
    (328,249) 
    Gas 886  
    (7,921) 
    Other 13,763  
    (28,319) 
    Consumption rate(GJ/㎡) (1.613) 
    GHG emissions
    (t-CO₂)
     16,132  
    Scope1 44※ 
    Scope2 4,586※ 
    Scope3 11,501  
    Consumption rate(t-CO₂/㎡) 0.071  
    Independent third-party verification PDF

    *In principle, all the above figures are for the entire real estate portfolio each fiscal year excluding land with leasehold interests, with co-ownership or compartmentalized interests calculated by percentage owned.
    *Energy consumption is calculated for the portion of the portfolio over which TOKYU REIT has management rights, while the figures in parentheses are actual figures including tenant emissions.
    *Gas consumption data that is difficult to aggregate, such as data from direct tenant contracts, is partially excluded.
    *Consumption rate is calculated as follows: Consumption rate = consumption ÷ (gross floor area (weighted average of number of days held during the period) × ownership interest ÷ average annual occupancy rate)
    *Gross floor area in the consumption rate excludes property portions for which data is difficult to aggregate (e.g., residential portions, etc.).
    *Scope 1 is city gas used in common areas, Scope 2 is electricity, water and steam used in common areas and Scope 3 is electricity, water and city gas used in exclusive areas and those contracted directly to tenants.
    *Data marked with an asterisk (※) have received limited verification by an independent third party.

    ◆Introduction of 100% renewable energy (2021)

    Introduced 100% renewable energy at 81.0% (24 properties) of the total floor area (Note) of all the 30 properties under management excluding land with leasehold interest (as of the end of January 2022)

    (Note) As for QFRONT, TOKYU REIT Toranomon Building, TOKYU REIT Shibuya R Building, Tokyu Bancho Building and Aoyama Oval Building, exclusive ownership areas owned by TOKYU REIT are used for the calculation. (as of the end of January 31, 2022)

    ◆Major initiatives

    • Major construction work related to reduction of energy consumption
      fiscal period ended July 2021 (FP 36) & fiscal period ended January 2022 (FP 37))
      ・Renewal of air conditioning equipment
      QFRONT, Lexington Aoyama, Kojimachi Square, Akihabara Sanwa Toyo Building, Akasaka 4-chome
       Building (Tokyu Agency Inc. Head Office Building), Setagaya Business Square(Note))

        (Note)Disposed on December 1, 2021.
      ・Switching to LED
       Progress rate of switching to LED at exclusively owned office area : 60.5%
    • Energy conservation diagnosis
      Implemented/Discussed measures to improve management based on the results of the energy conservation diagnosis by external business operator.
      TOKYU REIT Shinjuku Building, fiscal 2018
    • Response to related laws and regulations
      Submitted the “Report on Countermeasures Against Global Warming of Minato-ku” for the relevant properties based on the “Ordinance on Promotion of Low Carbonization of Buildings Protecting the Living Environment of the Residents of Minato-ku” of Minato-ku, Tokyo.
      *For details of the notification, please refer to the website of Minato-ku.

      Please refer to this page, about “List of notifying offices”(Japanese only)
      (Reference) Please refer to this page, about overview of the Report on Countermeasures Against Global Warming of Minato-ku

    Promotion of Water Conservation and Waste Reduction

    ◆Set target

    Water consumption intensity: 3% reduction from actual results for FY2019(Feb. 2019 - Jan. 2020)
    Waste recycling rate: more than the previous year

    Environmental Performance Data (Water & Waste Management)

    FY2020
    Feb. 2020 – Jan. 2021

    Water consumption
    (㎥)

    60,912※ 
    (144,461) 

    Consumption rate(㎥/㎡) (0.639) 
    Waste production(Note)
    (t)
     2,145※ 
    Total weight of general waste  1,361  
    Total weight of industrial waste

    783  

    Waste disposal methods
    (%)

    100  

    Landfill 1.4  
    Incinerated 45.0  
    Recycled 53.6  
    Independent third-party verification PDF
    (Note)The period for the waste production figures is April to the following March of each year.
    *In principle, all the above figures are for the entire real estate portfolio each fiscal year excluding land with leasehold interests, with co-ownership or compartmentalized interests calculated by percentage owned.
    *Water consumption is calculated for the portion of the portfolio over which TOKYU REIT has management rights, while the figures in parentheses are actual figures including tenant emissions.
    *Consumption rate is calculated as follows: Consumption rate = consumption ÷ (gross floor area (weighted average of number of days held during the period) × ownership interest ÷ average annual occupancy rate)
    *Gross floor area in the consumption rate excludes property portions for which data is difficult to aggregate (e.g., residential portions, etc.).
    *Data marked with an asterisk (※) have received limited verification by an independent third party.

    ◆Major initiatives

    • Implementation of construction work to reduce water consumption
      (fiscal period ended July 2021 (FP 36) & fiscal period ended January 2022 (FP 37))
      ・Renovation of restroom 2 properties
      (Akasaka 4-chome Building (Tokyu Agency Inc. Head Office Building), Setagaya Business Square(Note))
       (Note)Disposed on December 1, 2021.

    Sponsor’s Environmental Initiatives

    ◆Decarbonized Society & Climate Change Mitigation/Adaptation

    One of the key sustainability themes of our sponsor, Tokyu Corporation, is achieving a decarbonized, recycling-oriented society. The company has set long-term targets of 100% renewable energy procurement and net zero CO₂ emissions by 2050 and is implementing various initiatives to achieve these targets. In addition, in September 2020, it announced its endorsement of the TCFD and is promoting efforts toward addressing risks and opportunities, for example strengthening risk management in anticipation of the business impact of climate change.

    Please refer to this page, about more information on Tokyu Corporation's initiatives.

    ◆Sustainable Urban Development for Environmental Conservation

    Our sponsor, Tokyu Corporation, has been engaged in sustained urban development that positions environmental consideration as a material factor. It will continue to make steady progress in efforts toward a decarbonized, recycling-oriented society, proactively engaging in building a sustainable society that can coexist with nature.

    Please refer to this page, about more information on Tokyu Corporation's initiatives.