Made transition to renewable energy for electricity used at all 204 of its eligible facilities, including offices, commercial facilities and hotelsCertified following official assessment by RE100 initiative
Tokyu Land Corporation (Headquarters: Shibuya-ku, Tokyo; President and CEO: Hiroaki Hoshino; “Tokyu Land” below), the core enterprise of Tokyu Fudosan Holdings Corporation (Headquarters: Shibuya-ku, Tokyo; President & CEO: Hironori Nishikawa; “Tokyu Fudosan Holdings” below) hereby announces that it has completed the transition to 100% renewable energy for the electricity used*1 in its own offices and owned facilities*2 as of December 1, 2022, and that after undergoing an official assessment of its record of renewable energy use throughout a one-year period (from December 1, 2022 to November 30, 2023) under RE100 initiative, as having met its RE100 target.
Tokyu Land has met its RE100 target, except for electricity from non-utility cogeneration which amounts to 0.2%. This is equivalent to a 99.8% achievement as supported by the RE100 Annual Disclosure Report 2023, published in March 2024. The non-utility cogeneration has been excluded because no green gas that satisfies RE100’s technical criteria currently exists in the Japanese local market.
This makes Tokyu Land the first entity to be granted certification as a business company that has met the RE100 target, except in financial institutions in Japan. Moreover, Tokyu Land was cited in the Report as a leading company in Japan.
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