Tokyu Fudosan: 2022 Environmental Management Report

Energize society and solve environmental problems with a wide range of stakeholders

In May 2021, we developed Group Vision 2030, the Group’s long-term vision under the slogan WE ARE GREEN Group. Using our green corporate color as a base color, WE ARE GREEN expresses the diversity of the Group’s activities and human resources through a color gradient and embodies our vision of a future where everyone can be themselves and shine with vigor. And there, it also expresses our desire to implement the Group’s environmental management policy in connection with digital transformation (DX).

We believe that we are currently at a major turning point in history. The capacity of the earth’s environment is reaching its limits, and how we can shape a society in the midst of limited natural capital is a pressing question. Even in Japan, words related to the environment have come to dominate the vernacular in recent years, and the TokyuFudosan Holdings group is no exception. We have been continuously committed to coexisting with local communities and preserving natural environments in various business situations since the development of Den-enChofu, where our company’s roots are. In 1998, TOKYU LAND CORPORATION established an environmental philosophy, clarifying its position towards environmental initiatives. Over the past few years, we have pursued industry-leading initiatives. For example, in 2014, we were the first in the industry to enter the renewable energy sector, and in 2019, we expressed our support for the recommendations of the TCFD, an industry first.

In the recently announced 2025 Medium-Term Management Plan, we have identified three issues to be addressed that are of particular importance from an environmental management perspective: a low-carbon society, a recycling-oriented society and biodiversity. To respond to these issues with high societal challenges, we will provide solutions across the entire supply chain of the Group, which includes development, management, operation, renovation and distribution. Through these initiatives, we will aim to expand business opportunities with the environment as a starting point. Although the name of our company contains the word “land” (=real estate),

we will go beyond a real estate company that creates buildings and other things, and offer products and services that will help everyone build a life of well-being.

What we want to communicate through this report is our commitment to this type of forward-looking environmental management. In addition, by publicizing the environmental management initiatives implemented by the TokyuFudosan Holdings Group, we aim to help a wide range of stakeholders, including shareholders, investors, customers, business partners and employees of the group, understand our position and hold them accountable. We also believe that being assessed by our stakeholders in an interactive way will facilitate external recognition and social credibility, which reinforces our commitment to developing more sophisticated environmental management and improved disclosures in the future.

Initiatives aimed at solving environmental problems are not seen as costs, but as investments in sustainable growth. Moreover, sustainability is not something we can do alone; it’s something we aim to achieve with stakeholders. Promoting co-creation with diverse partners and fostering sustainability throughout society as a fundamental principle of the Group is a mission that we are proud of as an environmentally conscious company, and it is the reason why we we will further accelerate the Group’s growth. environmental initiatives.

Chairman and CEO,Tokyu Fudosan HoldingsCorporation

Our thoughts

on the environment and its origins

With the origins of the TokyuFudosan Holdings Group tracing back to our venerable founder Eiichi Shibusawa and the ideas of our first Chairman Noboru Goto, we have long strived to create a sustainable society and tackle environmental issues through our business activities.

I wanted to create something that resembles a Garden City in Japan and even a little to overcome the shortcomings of city life.

SeienKaikoroku[Memoirs of Eiichi Shibusawa]

The origin of wealth is jingi-dotoku (humanity and morality).

If wealth is not based on correct morality, then it cannot continue in perpetuity.

Rongoto Soroban [The Analects of Confucius and the Abacus]

Eichi Shibusawa 1840 – 1931

Creation of Den-enToshiCompany, at the origin of the Group

Eiichi Shibusawa is often referred to as the father of Japanese capitalism for his role in building the foundations of the Japanese economy. He was active from the Meiji era (1868-1912) to the beginning of the Showa period (1926-1989).

He has been involved in the creation and development of about 500 businesses and about 600 public works projects, and has made great efforts to support philanthropic activities.

I want you to do your job with a clear understanding in your mind that you are really

to work for the benefit of the people who will inhabit this land

Remarks of a panel discussion on the construction and development plan of the Ito-Shimoda line appearing in the February 1984 edition of the Seiwa internal magazine of Tokyu Corporation

don’t buildbuildinghigher than the palmtree

RemarksmadeduringavisitofthescheduledsiteofPalauPacificResort

Noboru Goto 1916 – 1989 First Chairman of TOKYU LAND CORPORATION

Noboru Goto led the Tokyu Group after succeeding his father Keita Goto, the group’s founder. As the first chairman of TOKYU LAND CORPORATION, he engaged in large-scale urban development and resort projects, as well as serving as chairman of the Japan Chamber of Commerce and Industry (JCCI).

Provided by: TOKYUCORPORATION