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.

LRQA Independent Assurance Statement 2024

LRQA Independent Assurance Statement FY2023

LRQA Independent Assurance Statement FY2022

LRQA Independent Assurance Statement FY2021

LRQA Independent Assurance Statement FY2020

Scope of calculation

The survey covers Tokyu Corporation and its 111 consolidated subsidiaries both in Japan and overseas.
However, for data with different aggregation scopes, annotated 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

Progress towards Environmental Vision 2030

	item	unit	FY2030 target	Fiscal Year 2019 (Base year)	FY2024 results	Base year increase/decrease
Carbon-free society	CO2 Emissions (Scope 1, 2)	t-CO2	46.2% reduction	618,643	358,075	42.1% reduction
	CO2 Emissions (Scope 3)	t-CO2	30% reduction	2,622,339	1,635,898	37.6% reduction
	Renewable energy ratio	%	50%	0.5	54.5	4.5 point increase
recycling-based society	Waste volume (a revenue unit basis)	t/100 million yen	10% reduction	4.33	3.59	17.1% reduction
	Water usage (a revenue unit basis)	​1,000m3 /100 million yen	10% reduction	0.85	0.7	17.6% reduction
Initiatives for the city	Providing a range of services to reduce environmental impact	subject	Over 100	ー	9 items	Total of 41 items
	SDGs Action People *1	%	65%	50.6%※2	45.2%	5.2% decrease

*1 People who take action on the SDGs: The percentage of people who intend to choose a company/take action based on one or more of the 17 SDGs goals, based on an online survey of SDG awareness conducted by areas served by Tokyu’s railway lines Corporation in 17 cities and wards along Tokyu lines

*2 Base year: FY2021

Goals in Environmental Vision 2040 ^*3

	item	unit	Fiscal Year 2019 (Base year)	FY2030 target	FY2035 target	FY2040 target	2050
Carbon-free society	GHG emissions (Scope1,2)	t-CO2	618,643	55% reduction	60% reduction	73% reduction	Virtually zero
	GHG emissions (Scope3)	t-CO2	2,622,339	35% reduction	45% reduction	55% reduction	ー
	Renewable energy ratio	%	0.5	Over 60%	Over 70%	Over 80%	100% (RE100)
recycling-based society	Waste volume (a revenue unit basis)	t/100 million yen	4.33	20% reduction	25% reduction	30% reduction	ー
	Water usage (a revenue unit basis)	1,000m³/100 million yen	0.85	20% reduction	25% reduction	30% reduction	ー
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 support groups and participants *4​

*3 Targets for Environmental Vision 2040 will be disclosed starting from the results for fiscal 2025.

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

Climate change related data (energy and greenhouse gases)

energy

amount to use

item	unit	FY2019 (Base year)	2021年度	2022年度	2023年度	2024年度	Year-on-year change
Power	MWh	1,019,898	920,507	923,840	917,262	940,266	102.5%
Heat supply	Good.	468,281	330,003	374,406	464,367	527,594	113.6%
City Gas	​1,000m3	18,455	20,990	23,565	24,141	24,871	103.0%
LP Gas	​1,000m3	463	360	354	374	374	100.1%
Natural gas (CNG)	​1,000m3	369	260	420	537	536	99.9%
Heavy Oil A	㎘	3,646	3,514	3,515	3,600	3,422	95.0%
kerosene	㎘	1,671	1,465	1,408	1,225	1,237	101.0%
Light oil	㎘	23,017	20,216	19,380	20,652	20,826	100.8%
gasoline	㎘	1,472	1,146	1,089	1,040	1,034	99.4%
Total crude oil equivalent	㎘	158,533	144,064	147,885	151,585	156,652	103.3%
Total amount of electricity	MWh	1,753,686	1,584,078	1,592,212	1,632,056	1,686,017	103.3%

* 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)	2021年度	2022年度	2023年度	2024年度	Year-on-year change
Total electricity usage		1,019,898	920,507	923,840	917,262	940,266	102.5%
	General electricity/self-generated power (cogeneration)	1,017,700	913,902	558,266	513,618	483,324	94.1%
	Renewable energy/CO2-free electricity	2,198	6,605	365,573	403,644	456,942	113.2%
Offset Certificate		2,531	6,416	1,578	1,401	55,312	3948.0%
Total renewable energy electricity		4,729	13,021	367,152	405,045	512,254	126.5%
Proportion of renewable energy electricity		0.5%	1.4%	39.7%	44.2%	54.5%	10.3 point increase

*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)	2021年度	2022年度	2023年度	2024年度	Year-on-year change
Power	MWh	Consolidated Group Total	1,019,898	920,507	923,840	917,262	940,266	102.5%
		Transportation Business	436,904	392,044	384,742	397,042	406,750	102.4%
		real estate Business	112,070	105,166	114,767	116,398	116,531	100.1%
		Life Service Business	369,177	333,681	324,767	298,510	306,417	102.6%
		hotel and resort business	101,747	89,617	99,564	105,312	110,568	105.0%
Heat supply	Good.	Consolidated Group Total	468,281	330,003	374,406	464,367	527,594	113.6%
		Transportation Business	0	0	0	0	0	ー
		real estate Business	128,465	71,340	91,534	109,236	111,807	102.4%
		Life Service Business	142,632	128,974	133,113	157,646	157,990	100.2%
		hotel and resort business	197,184	129,690	149,758	197,485	257,797	130.5%
City Gas	​1,000m3	Consolidated Group Total	18,455	20,990	23,565	24,141	24,871	103.0%
		Transportation Business	585	372	396	396	370	93.6%
		real estate Business	2,592	8,045	8,239	8,533	8,763	102.7%
		Life Service Business	5,310	4,960	4,954	4,725	4,812	101.8%
		hotel and resort business	9,967	7,613	9,977	10,488	10,926	104.2%
LP Gas	​1,000m3	Consolidated Group Total	463	360	354	374	375	100.1%
		Transportation Business	61	38	42	43	45	104.2%
		real estate Business	9	4	4	3	3	100.0%
		Life Service Business	237	235	217	236	239	101.0%
		hotel and resort business	156	84	91	92	88	95.9%
Natural Gas (CNG)	​1,000m3	Consolidated Group Total	369	260	420	537	536	99.9%
		Transportation Business	369	260	420	537	536	99.9%
		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	3,514	3,515	3,600	3,422	95.0%
		Transportation Business	200	200	272	248	269	108.2%
		real estate Business	198	201	162	158	35	22.4%
		Life Service Business	798	856	932	1,043	892	85.5%
		hotel and resort business	2,450	2,257	2,148	2,151	2,226	103.5%
Light oil	㎘	Consolidated Group Total	23,017	20,216	19,380	20,652	20,826	100.8%
		Transportation Business	19,893	19,984	19,101	20,337	20,521	100.9%
		real estate Business	3,000	123	136	115	113	98.6%
		Life Service Business	51	32	35	43	45	106.2%
		hotel and resort business	74	76	108	157	147	93.4%
kerosene	㎘	Consolidated Group Total	1,671	1,465	1,408	1,225	1,237	101.0%
		Transportation Business	215	395	383	352	337	95.6%
		real estate Business	236	74	72	70	63	90.0%
		Life Service Business	436	225	121	94	119	127.2%
		hotel and resort business	784	771	833	709	718	101.3%
gasoline	㎘	Consolidated Group Total	1,472	1,146	1,089	1,040	1,034	99.4%
		Transportation Business	358	317	263	264	277	104.9%
		real estate Business	570	305	293	241	232	96.2%
		Life Service Business	391	379	366	372	359	96.3%
		hotel and resort business	153	144	167	163	166	102.2%
Total crude oil equivalent	㎘	Consolidated Group Total	158,533	144,064	147,885	151,585	156,652	103.3%
		Transportation Business	61,921	57,541	56,236	58,736	59,865	101.9%
		real estate Business	20,204	20,369	22,112	23,002	23,610	102.6%
		Life Service Business	46,413	42,197	41,373	39,422	40,128	101.8%
		hotel and resort business	29,978	23,958	28,164	30,425	33,049	108.6%
Total amount of electricity	MWh	Consolidated Group Total	1,753,686	1,584,078	1,592,212	1,632,056	1,686,017	103.3%
		Transportation Business	666,680	619,519	605,466	632,386	643,952	101.8%
		real estate Business	230,372	226,434	238,069	247,653	254,194	102.6%
		Life Service Business	514,151	467,213	445,446	424,441	432,044	101.8%
		hotel and resort business	342,484	270,913	303,231	327,576	355,827	108.6%

*Some totals may differ due to fractional amounts.

Trends in emissions per unit of revenue

item	unit	FY2019 (Base year)	2021年度	2022年度	2023年度	2024年度	Year-on-year change
Operating revenue	Billion Yen	9,965	8,791	9,313	10,378	10,549	101.6%
Carbon dioxide equivalent emissions	t-CO2	644,333	564,560	406,266	371,912	378,330	101.7%
Per Revenue Carbon dioxide equivalent emissions	t-CO₂/ Billion Yen	64.7	64.2	43.6	35.8	35.9	100.3%

* 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		2021年度		2022年度		2023年度		2024年度
			Emissions	ratio	Emissions	ratio	Emissions	ratio	Emissions	ratio	Emissions	ratio
Total GHG			644,333	100%	564,560	100%	406,266	100.0%	371,912	100.0%	378,330	100.0%
	Transportation Business		254,886	40%	227,057	40%	70,295	17.3%	72,721	19.6%	74,954	19.8%
	real estate Business		74,141	12%	65,318	12%	66,381	16.3%	58,432	15.7%	44,183	11.7%
	Life Service Business		222,712	35%	198,408	35%	186,550	45.9%	154,411	41.5%	165,728	43.8%
	hotel and resort business		92,593	14%	73,778	13%	83,040	20.4%	86,348	23.2%	93,465	24.7%
	Scope 1		147,932	100%	146,952	100%	142,878	100.0%	141,254	100.0%	144,174	100.0%
		Transportation Business	55,764	38%	55,530	38%	53,687	37.6%	57,628	40.8%	58,206	40.3%
		real estate Business	16,064	11%	19,975	14%	19,741	13.8%	19,007	13.5%	20,905	14.5%
		Life Service Business	43,466	29%	45,166	31%	38,618	27.0%	34,032	24.1%	33,407	23.2%
		hotel and resort business	32,639	22%	26,280	18%	30,832	21.6%	30,588	21.6%	31,656	22.0%
	Scope 2		496,401	100%	417,608	100%	263,388	100.0%	230,658	100.0%	234,156	100.0%
		Transportation Business	199,123	40%	171,527	41%	16,607	6.3%	15,093	6.5%	16,748	7.2%
		real estate Business	58,078	12%	45,343	11%	46,640	17.7%	39,425	17.1%	23,279	9.9%
		Life Service Business	179,247	36%	153,241	37%	147,932	56.2%	120,379	52.2%	132,321	56.5%
		hotel and resort business	59,953	12%	47,497	11%	52,208	19.8%	55,760	24.2%	61,808	26.4%

*Some totals may differ due to fractional amounts.

* Calculated for the organization as of August 2023.

Supply Chain Emissions

(Unit: t-CO2)

item				FY2019 (Base year)	2021年度	2022年度	2023年度	2024年度	Year-on-year change
GHG (total)				3,266,672	2,790,462	2,739,164	1,893,979	2,014,228	106.3%
	Scope 1			147,932	146,952	142,878	141,254	144,174	102.1%
	Scope 2			496,401	417,608	263,388	230,658	234,156	101.5%
	Scope 3 (subtotal of categories 1 to 15)			2,622,339	2,225,902	2,332,898	1,522,067	1,635,898	107.5%
	Upstream (Procurement)	Category 1	Purchased products and services	947,165	773,393	813,884	717,454	746,168	104.0%
		Category 2	Capital Materials	767,841	440,681	577,294	427,518	480,457	112.4%
		Category 3	Fuel and energy activities not included in Scope 1 and 2	629,883	752,359	678,436	202,074	216,228	107.0%
		Category 4	Transportation and distribution (upstream)	ー	ー	ー	ー	ー	ー
		Category 5	Waste generated from business	8,390	9,514	8,883	7,715	8,408	109.0%
		Category 6	business trip	3,180	3,167	3,087	3,066	3,127	102.0%
		Category 7	Employee commuting	5,904	5,880	2,865	2,846	2,902	102.0%
		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	142,521	156,232	37,122	54,172	145.9%
		Category 12	Disposal of sold products	793	222	ー	ー	ー	ー
		Category 13	Leased assets (downstream)	169,886	98,165	92,217	124,272	124,436	100.1%
		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)	2021年度	2022年度	2023年度	2024年度	Year-on-year change
Total waste volume		t	43,145	41,812	40,739	35,542	37,921	106.7%
	Recycling volume	t	16,400	20,513	20,092	15,864	15,083	95.1%
	Non recycling volume	t	26,745	21,299	20,647	19,678	22,838	116.1%
Recycling rate		％	38.0%	49.1%	49.3%	44.6%	39.8%	89.2%
Operating revenue		Billion Yen	9,965	8,791	9,313	10,378	10,549	101.6%
a revenue unit basis		t/billion yen	4.33	4.76	4.37	3.42	3.59	105.0%

* 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	2021年度	2022年度	2023年度	2024年度	Year-on-year change
			(Base year)
Water withdrawal	Surface water from rivers, lakes, and natural ponds	1,000m³	ー	ー	ー	ー	7	ー
	Seawater, water drawn from the sea	1,000m³	ー	ー	ー	ー	0	ー
	well water	1,000m³	1,763	1,588	1,655	1,594	1,667	105.00%
	Water collected at the quarry (water produced during mining, etc.)	1,000m³	ー	ー	ー	ー	0	ー
	Water Supply	1,000m³	6,734	5,381	5,406	5,518	5,666	102.70%
	Total water intake	1,000m³	8,497	6,969	7,061	7,112	7,340	103.20%
	Operating revenue	Billion Yen	9,965	8,791	9,313	10,378	10,549	101.60%
	a revenue unit basis	1,000m³/100 million yen	0.85	0.79	0.76	0.69	0.7	101.40%
recycled water	recycled water usage	1,000m³	ー	ー	397	354	349	98.60%
Water discharge	Total discharge to surface water (rivers)	1,000m³	ー	ー	ー	ー	863	ー
	Total amount of wastewater discharged into the sea	1,000m³	ー	ー	ー	ー	20	ー
	Total amount of wastewater discharged into groundwater/well water	1,000m³	ー	ー	ー	ー	0	ー
	Total wastewater volume to external water treatment plants (sewerage)	1,000m³	3,538	4,498	4,925	5,262	6,452	122.60%
	Water provided to third parties/other total wastewater volume	1,000m³	ー	ー	ー	ー	45	ー
	Total Displacement	1,000m³	3,538	4,498	4,925	5,262	7,380	140.30%

* 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.