Climate-Related Transition and Physical Risks Based on the TCFD Recommendations
First written in FY2022. 2 of 7 entries say "Mitigated", first in FY2025. Latest entry: 2026-10-01.
- 2026-10-01AdvancedGovernance
「Since fiscal 2024, renewable energy generated by power plants in whose development the Company was involved has been supplied to the Group’s facilities through 東急パワーサプライ.」
The Company is advancing specific climate-change measures, including self-generation and self-consumption of renewable energy, energy storage facilities and PPAs. - FY2026AdvancedAnnual report
「In fiscal 2024, we achieved the installation of effectively 100% renewable energy at properties owned by the company in our real estate leasing business. Renewable energy is the standard specification for newly built properties.」
As measures against climate change risks, we disclosed the achievement of effectively 100% renewable energy at company-owned rental properties, the adoption of renewable energy as the standard specification for newly built properties, and flood and disaster countermeasures. - 2026-05-13MitigatedEarnings presentation
「As a result, approximately 30% of the electricity used to operate our railway will be additional renewable energy procured through corporate PPAs, giving us the highest adoption rate among major private railway operators」
The Company specified the introduction of additional renewable energy for railway operations, advancing its response to the transition risk associated with climate change. - FY2025MitigatedAnnual report
「In response to transition risks, we are promoting in-house power generation, energy conservation and renewable energy procurement. Since April 2022, all Tokyu lines have operated using 100% electricity derived from renewable energy, resulting in net-zero CO2 emissions.」
As measures against the transition risks of climate change, we continue to operate using 100% renewable energy and promote in-house power generation, energy conservation, renewable energy procurement, flood control measures and crisis management training. - FY2024RestatedAnnual report
「Scenario analysis was conducted under the following 2 scenarios, covering all businesses aimed at creating cities in harmony with the environment, as set out in the Environmental Vision 2030 formulated in March 2022, as well as the transportation, real estate, lifestyle services, and hotel and resort segments.」
Based on 1.5°C and 4°C scenarios, we analyzed transition risks, physical risks and opportunities across all 4 business segments and continue to implement measures in response. - FY2023ReframedAnnual report
「Under the “1.5°C scenario,” in which the rise in average global temperatures by the end of the 21st century is limited to 1.5°C compared with preindustrial levels (the 1760s to the 1830s), transition risks are expected to intensify, including risks arising from higher electricity costs and increased costs for energy-saving technologies, as well as stronger policies and regulations to curb global warming, such as carbon taxes. We also identified opportunities including lower costs resulting from the development of energy-saving technologies, increased public transport use as environmental awareness rises, stronger demand for environmentally friendly properties, and increased customers and customer lifetime value through the creation of “cities in harmony with the environment” and “communities the world admires.”」
We updated the climate change risk analysis from the previous below-2°C scenario to include a 1.5°C scenario, expanding the scope from transition risks, physical risks and opportunities to include opportunities to enhance customer value through environmentally conscious urban development. - FY2022First statedAnnual report
「Under the “below 2°C scenario,” in which the rise in average global temperatures by the end of the 21st century is limited to below 2°C compared with preindustrial levels (the 1760s to the 1830s), transition risks are expected to intensify, including risks arising from higher electricity costs and increased costs for energy-saving technologies, as well as stronger policies and regulations to curb global warming, such as carbon taxes. We also identified opportunities including lower costs resulting from the development of energy-saving technologies, increased public transport use as environmental awareness rises, and stronger demand for environmentally friendly properties. Under the “4°C scenario,” in which policies and regulations are not introduced or strengthened and greenhouse gas emissions increase, physical risks are expected to intensify. We anticipate a world in which increasingly severe natural disasters cause facilities to flood, resulting in higher repair costs and customer attrition, while new infectious diseases reduce user numbers.」
Based on the TCFD recommendations, we analyzed transition risks, physical risks and opportunities under below-2°C and 4°C scenarios. The analysis covered electricity costs, carbon taxes, increasingly severe natural disasters and declines in users due to infectious diseases.