At the Company and its consolidated subsidiaries, we accurately grasp environmental information, such as the energy and resources we consume, as well as the waste and greenhouse gas emissions, in our wide-ranging business operations, and use this information to implement effective reduction initiatives.
The calculation method and emission coefficient are in accordance with the Greenhouse Gas Emissions Accounting, Reporting, and Publication System.

To ensure the reliability of the figures, the environmental data for fiscal 2024 marked with a ✓ has undergone third-party assurance by LRQA Limited. As a result, we are unifying the emission factors for past years and carefully examining each piece of data.

Scope of calculation

This survey covers Tokyu Corporation and its 110 consolidated subsidiaries in Japan and overseas.
However, data with different aggregation scopes are noted separately.

Status of progress towards environmental targets

the Company and its consolidated subsidiaries have set the realization of a "decarbonized, recycling-based society" as one of Material sustainability themes (materiality), and are promoting Sustainable Cities and Communities. In March 2022, we formulated the "Environmental Vision 2030," which was further revised in September 2025 as the "Environmental Vision 2040," updating our previous targets for fiscal 2030 to higher standards and setting new targets for fiscal 2035 and fiscal 2040. We will continue to work to further deepen the environmental initiatives we have been pursuing to date in order to realize a decarbonized, recycling-based society.

Please see below for details on our environmental targets and progress.

Climate Change Mitigation and Adaptation

Environmental Vision 2040

Goals and Achievements in Environmental Vision 2040

	item	unit	Fiscal Year 2019 (Base year)	FY2030 target	FY2035 target	FY2040 target	2050	2025 fiscal year results	2030 target achievement rate
Carbon-free society	GHG emissions (Scope1,2)	t-CO₂e	644,333	55% reduction	60% reduction	73% reduction	Virtually zero	351,326	82.7%
	GHG emissions (Scope3)	t-CO₂e	2,622,339	35% reduction	45% reduction	55% reduction	ー	1,778,467	91.9%
	Renewable energy ratio	%	0.5	Over 60%	Over 70%	Over 80%	100% (RE100)	62.3	103.8%
recycling-based society	Waste volume (a revenue unit basis)	t/100 million yen	4.33	20% reduction	25% reduction	30% reduction	ー	3.48	98.2%
	Water usage (a revenue unit basis)	1,000m³/100 million yen	0.85	20% reduction	25% reduction	30% reduction	ー	0.70	88.2%
Initiatives for the city	"Action Toward a Beautiful Age" Indicators	Monitoring and disclosure of "Future Actions Toward a Beautiful Age" indicators
	Tokyu Railways' contribution to reducing GHG emissions	Monitoring and disclosure of cumulative GHG emission reduction contributions by Tokyu Railways
	Mido*Link Action	Monitoring and disclosure of the total number of supporting organizations and the total number of participants (*).

* The total number of participants in Mido*Link Action will be disclosed starting in fiscal year 2026.

Climate change related data (energy and greenhouse gases)

energy

amount to use

item	unit	FY2019 (Base year)	2022年度	2023年度	2024年度	2025年度	Year-on-year change
Power	MWh	1,019,898	923,840	917,262	940,266	940,168	100.0%
Heat supply	Good.	468,281	374,406	464,367	527,594	505,550	95.8%
City Gas	​1,000m3	18,455	23,565	24,141	24,871	24,620	99.0%
LP Gas	​1,000m3	463	354	374	374	384	102.7%
Natural gas (CNG)	​1,000m3	369	420	537	536	546	101.9%
Heavy Oil A	㎘	3,646	3,515	3,600	3,422	3,383	98.9%
kerosene	㎘	1,671	1,408	1,225	1,237	1,192	96.4%
Light oil	㎘	23,017	19,380	20,652	20,826	20,171	96.9%
gasoline	㎘	1,472	1,089	1,040	1,034	982	95.0%
Total crude oil equivalent	㎘	158,533	147,885	151,585	156,652	154,725	98.8%
Total amount of electricity	MWh	1,753,686	1,592,212	1,632,056	1,686,017	1,665,861	98.8%

* The total crude oil equivalent does not include in-house power generation (cogeneration) and power generation losses.

* The total amount converted into electricity does not include in-house power generation (cogeneration).

Breakdown of electricity and the proportion of electricity derived from renewable energy sources

(Unit: MWh)

item		FY2019 (Base year)	2022年度	2023年度	2024年度	2025年度	Year-on-year change
Total electricity usage		1,019,898	923,840	917,262	940,266	940,168	100.0%
	General electricity/self-generated power (cogeneration)	1,017,700	558,266	513,618	483,324	444,036	91.9%
	Renewable energy/CO2-free electricity	2,198	365,573	403,644	456,942	496,132	108.6%
Offset Certificate		2,531	1,578	1,401	55,312	89,750	162.3%
Total renewable energy electricity		4,729	367,152	405,045	512,254	585,882	114.4%
Proportion of renewable energy electricity		0.50%	39.70%	44.20%	54.50%	62.32%	114.3%

*Offset Certificate: A general term for certificates that can be considered to be used as equivalent to renewable energy electricity, such as J Credits, Non-Fossil Certificates, and Green Power Certificates.

*Some totals may differ due to fractional amounts.

Energy consumption by industry (segment)

item	unit	segment	FY2019 (Base year)	2022年度	2023年度	2024年度	2025年度	Year-on-year change
Power	MWh	Consolidated Group Total	1,019,898	923,840	917,262	940,266	940,168	100.0%
		Transportation Business	436,904	384,742	397,042	406,750	412,217	101.3%
		real estate Business	112,070	114,767	116,398	116,531	121,520	104.3%
		Life Service Business	369,177	324,767	298,510	306,417	289,047	94.3%
		hotel and resort business	101,747	99,564	105,312	110,568	117,384	106.2%
Heat supply	Good.	Consolidated Group Total	468,281	374,406	464,367	527,594	505,550	95.8%
		Transportation Business	0	0	0	0	0	ー
		real estate Business	128,465	91,534	109,236	111,807	87,631	78.4%
		Life Service Business	142,632	133,113	157,646	157,990	162,350	102.8%
		hotel and resort business	197,184	149,758	197,485	257,797	255,570	99.1%
City Gas	​1,000m3	Consolidated Group Total	18,455	23,565	24,141	24,871	24,619	99.0%
		Transportation Business	585	396	396	370	371	100.3%
		real estate Business	2,592	8,239	8,533	8,763	8,819	100.6%
		Life Service Business	5,310	4,954	4,725	4,812	4,713	97.9%
		hotel and resort business	9,967	9,977	10,488	10,926	10,716	98.1%
LP Gas	​1,000m3	Consolidated Group Total	463	354	374	375	383	102.1%
		Transportation Business	61	42	43	45	45	100.0%
		real estate Business	9	4	3	3	3	100.0%
		Life Service Business	237	217	236	239	247	103.3%
		hotel and resort business	156	91	92	88	88	100.0%
Natural Gas (CNG)	​1,000m3	Consolidated Group Total	369	420	537	536	546	101.9%
		Transportation Business	369	420	537	536	546	101.9%
		real estate Business	0	0	0	0	0	ー
		Life Service Business	0	0	0	0	0	ー
		hotel and resort business	0	0	0	0	0	ー
Heavy Oil A	㎘	Consolidated Group Total	3,646	3,515	3,600	3,422	3,383	98.9%
		Transportation Business	200	272	248	269	287	106.7%
		real estate Business	198	162	158	35	31	88.6%
		Life Service Business	798	932	1,043	892	876	98.2%
		hotel and resort business	2,450	2,148	2,151	2,226	2,189	98.3%
Light oil	㎘	Consolidated Group Total	23,017	19,380	20,652	20,826	20,171	96.9%
		Transportation Business	19,893	19,101	20,337	20,521	19,889	96.9%
		real estate Business	3,000	136	115	113	97	85.8%
		Life Service Business	51	35	43	45	43	95.6%
		hotel and resort business	74	108	157	147	142	96.6%
kerosene	㎘	Consolidated Group Total	1,671	1,408	1,225	1,237	1,192	96.4%
		Transportation Business	215	383	352	337	338	100.3%
		real estate Business	236	72	70	63	95	150.8%
		Life Service Business	436	121	94	119	79	66.4%
		hotel and resort business	784	833	709	718	680	94.7%
gasoline	㎘	Consolidated Group Total	1,472	1,089	1,040	1,034	982	95.0%
		Transportation Business	358	263	264	277	261	94.2%
		real estate Business	570	293	241	232	219	94.4%
		Life Service Business	391	366	372	359	336	93.6%
		hotel and resort business	153	167	163	166	166	100.0%
Total crude oil equivalent	㎘	Consolidated Group Total	158,533	147,885	151,585	156,652	154,725	98.8%
		Transportation Business	61,921	56,236	58,736	59,865	59,757	99.8%
		real estate Business	20,204	22,112	23,002	23,610	23,175	98.2%
		Life Service Business	46,413	41,373	39,422	40,128	38,489	95.9%
		hotel and resort business	29,978	28,164	30,425	33,049	33,305	100.8%
Total amount of electricity	MWh	Consolidated Group Total	1,753,686	1,592,212	1,632,056	1,686,017	1,665,861	98.8%
		Transportation Business	666,680	605,466	632,386	643,952	643,374	99.9%
		real estate Business	230,372	238,069	247,653	254,194	249,512	98.2%
		Life Service Business	514,151	445,446	424,441	432,044	414,396	95.9%
		hotel and resort business	342,484	303,231	327,576	355,827	358,579	100.8%

*Some totals may differ due to fractional amounts.

Trends in emissions per unit of revenue

item	unit	FY2019 (Base year)	2022年度	2023年度	2024年度	2025年度	Year-on-year change
Operating revenue	Billion Yen	9,965	9,313	10,378	10,549	10,861	103.0%
Carbon dioxide equivalent emissions	t-CO2	644,333	406,266	371,912	378,330	351,326	92.9%
Per Revenue Carbon dioxide equivalent emissions	t-CO₂/ Billion Yen	64.7	43.6	35.8	35.9	32.3	90.1%

* Operating revenue for fiscal 2019 and FY2020 is calculated based on the estimated impact of applying accounting standards for revenue recognition.

Emissions by segment

Calculated using adjusted coefficient (unit: t-CO2)

item			FY2019		2022年度		2023年度		2024年度		2025年度
			Emissions	ratio	Emissions	ratio	Emissions	ratio	Emissions	ratio	Emissions	ratio
Total GHG			644,333	100%	406,266	100.0%	371,912	100.0%	378,330	100.0%	351,326	100.0%
	Transportation Business		254,886	40%	70,295	17.3%	72,721	19.6%	74,954	19.8%	73,924	21.0%
	real estate Business		74,141	12%	66,381	16.3%	58,432	15.7%	44,183	11.7%	35,703	10.2%
	Life Service Business		222,712	35%	186,550	45.9%	154,411	41.5%	165,728	43.8%	151,263	43.1%
	hotel and resort business		92,593	14%	83,040	20.4%	86,348	23.2%	93,465	24.7%	90,437	25.7%
	Scope 1		147,932	100%	142,878	100.0%	141,254	100.0%	144,174	100.0%	146,553	100.0%
		Transportation Business	55,764	38%	53,687	37.6%	57,628	40.8%	58,206	40.3%	56,527	38.6%
		real estate Business	16,064	11%	19,741	13.8%	19,007	13.5%	20,905	14.5%	21,603	14.7%
		Life Service Business	43,466	29%	38,618	27.0%	34,032	24.1%	33,407	23.2%	37,002	25.2%
		hotel and resort business	32,639	22%	30,832	21.6%	30,588	21.6%	31,656	22.0%	31,421	21.5%
	Scope 2		496,401	100%	263,388	100.0%	230,658	100.0%	234,156	100.0%	204,774	100.0%
		Transportation Business	199,123	40%	16,607	6.3%	15,093	6.5%	16,748	7.2%	17,397	8.5%
		real estate Business	58,078	12%	46,640	17.7%	39,425	17.1%	23,279	9.9%	14,100	6.9%
		Life Service Business	179,247	36%	147,932	56.2%	120,379	52.2%	132,321	56.5%	114,261	55.8%
		hotel and resort business	59,953	12%	52,208	19.8%	55,760	24.2%	61,808	26.4%	59,016	28.8%

*Some totals may differ due to fractional amounts.

*Data is compiled based on organizations as of August 2026.

Supply Chain Emissions

(Unit: t-CO2)

item				FY2019 (Base year)	2022年度	2023年度	2024年度	2025年度	Year-on-year change
GHG (total)				3,266,672	2,739,164	1,893,979	2,014,228	2,129,793	105.7%
	Scope 1			147,932	142,878	141,254	144,174	146,552	101.6%
	Scope 2			496,401	263,388	230,658	234,156	204,774	87.5%
	Scope 3 (subtotal of categories 1 to 15)			2,622,339	2,332,898	1,522,067	1,635,898	1,778,467	108.7%
	Upstream (Procurement)	Category 1	Purchased products and services	947,165	813,884	717,454	746,168	777,936	104.3%
		Category 2	Capital Materials	767,841	577,294	427,518	480,457	672,301	139.9%
		Category 3	Fuel and energy activities not included in Scope 1 and 2	629,883	678,436	202,074	216,228	177,298	82.0%
		Category 4	Transportation and distribution (upstream)	ー	ー	ー	ー	ー	ー
		Category 5	Waste generated from business	8,390	8,883	7,715	8,408	8,877	105.6%
		Category 6	business trip	3,180	3,087	3,066	3,127	3,154	100.9%
		Category 7	Employee commuting	5,904	2,865	2,846	2,902	2,928	100.9%
		Category 8	Leased assets (upstream)	ー	ー	ー	ー	ー	ー
	downstream (sale)	Category 9	Transportation and distribution (downstream)	ー	ー	ー	ー	ー	ー
		Category 10	Processing of sold products	ー	ー	ー	ー	ー	ー
		Category 11	Use of sold products	89,296	156,232	37,122	54,172	31,235	57.7%
		Category 12	Disposal of sold products	793	ー	ー	ー	ー	ー
		Category 13	Leased assets (downstream)	169,886	92,217	124,272	124,436	104,738	84.2%
		Category 14	Franchise	ー	ー	ー	ー	ー	ー
		Category 15	investment	ー	ー	ー	ー	ー	ー

*Category 4 is included in Category 1, and Category 8 is included in Scope 1 and 2.

*Category 12 is excluded from FY2022 as it accounts for a small amount, less than 1% of total Scope 3 emissions.

Resource-related data

Waste generation and recycling rate

item		unit	FY2019 (Base year)	2022年度	2023年度	2024年度	2025年度	Year-on-year change
Total waste volume		t	43,145	40,739	35,542	37,921	37,807	99.7%
	Recycling volume	t	16,400	20,092	15,864	15,083	15,379	102.0%
	Non recycling volume	t	26,745	20,647	19,678	22,838	22,428	98.2%
Recycling rate		％	38.0%	49.3%	44.6%	39.8%	40.7	102.3%
Operating revenue		Billion Yen	9,965	9,313	10,378	10,549	10,861	103.0%
a revenue unit basis		t/billion yen	4.33	4.37	3.42	3.59	3.48	96.9%

* Operating revenue for fiscal 2019 and FY2020 is calculated based on the estimated impact of applying accounting standards for revenue recognition.

Water Resources usage

item		unit	2019年度	2022年度	2023年度	2024年度	2025年度	Year-on-year change
			(Base year)
Water withdrawal	Surface water from rivers, lakes, and natural ponds	1,000m³	ー	ー	ー	7	68	971.4%
	Seawater, water drawn from the sea	1,000m³	ー	ー	ー	0	0	ー
	well water	1,000m³	1,763	1,655	1,594	1,667	1,891	113.4%
	Water collected at the quarry (water produced during mining, etc.)	1,000m³	ー	ー	ー	0	0	ー
	Water Supply	1,000m³	6,734	5,406	5,518	5,666	5,664	100.0%
	Total water intake	1,000m³	8,497	7,061	7,112	7,340	7,623	103.9%
	Operating revenue	Billion Yen	9,965	9,313	10,378	10,549	10,861	103.0%
	a revenue unit basis	1,000m³/100 million yen	0.85	0.76	0.69	0.7	0.7	100.0%
recycled water	recycled water usage	1,000m³	ー	397	354	349	394	112.9%
Water discharge	Total discharge to surface water (rivers)	1,000m³	ー	ー	ー	863	811	94.0%
	Total amount of wastewater discharged into the sea	1,000m³	ー	ー	ー	20	157	785.0%
	Total amount of wastewater discharged into groundwater/well water	1,000m³	ー	ー	ー	0	8	ー
	Total wastewater volume to external water treatment plants (sewerage)	1,000m³	3,538	4,925	5,262	6,452	6,143	95.2%
	Water provided to third parties/other total wastewater volume	1,000m³	ー	ー	ー	45	219	486.7%
	Total Displacement	1,000m³	3,538	4,925	5,262	7,380	7,338	99.4%

* Operating revenue for fiscal 2019 and FY2020 is calculated based on the estimated impact of applying accounting standards for revenue recognition.

* From fiscal 2019 to FY2021, "recycled water" was included in "well water" and recorded as such, but from FY2022 it will be recorded separately.

* From fiscal 2019 to FY2023, water intakes including "surface water from rivers, lakes, and natural ponds," "seawater and ocean water," and "water collected at quarries (water discharged during mining, etc.)" were included in "tap water," while wastewater amounts including "total discharge into surface water (rivers)," "total discharge into ocean areas," "total discharge into groundwater/wells," and "water provided to third parties/other total discharge" were included in "total discharge into external water treatment plants (sewerage)." However, from fiscal 2024, these amounts will be included separately.