Environment (Climate Change and the Natural Environment)
Governance
The Sustainability Committee deliberates and decides on environmental policies and action plans for the entire Group. It sets targets for the key issues of decarbonization, biodiversity, and circular design, and monitors progress towards those goals. The committee is composed of directors from Nomura Real Estate Holdings and its Group companies and is chaired by the president and Group CEO of Nomura Real Estate Holdings. Sustainability-related activities are proactively carried out under the direction and supervision of the Board of Directors and the Management Committee and are monitored through regular reports.
In addition, the Environmental Subcommittee (overseen by, among others, the officer in charge of quality management and architectural design) has been established as a subordinate organization of the Committee. Furthermore, in May 2019, we signed the United Nations Global Compact and, based on the principles of the initiative, support a precautionary approach to environmental issues, including climate change mitigation, and we are actively fulfilling our responsibilities regarding environmental issues.
Environmental Subcommittee
This subcommittee consists primarily of members from the architecture and product design-related departments at Nomura Real Estate Development, the environmental technology-related departments at Nomura Real Estate Partners, and the Sustainability Management Department, and it meets at least once per year. Based on Sustainability Committee deliberations and other considerations, this subcommittee is responsible for formulating policies of environmental fields policies and activities, as well as managing performance, and the results of its deliberations are reported to the Board of Directors through the Sustainability Committee.
| FY2025/3 (four meetings in total) | Discussed such topics as updating CO2 emissions reduction targets |
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Strategy
Through urban development and providing products and services that leverage real estate development and real estate-related services, the company will contribute to reducing CO2 emissions to address climate change as a shared international concern. As such, we have identified decarbonization, biodiversity, and circular design as our three priority issues (materialities) and will promote them Company-wide.
In addition, the Group has, to date, been actively participating in international initiatives, from obtaining SBT certification and endorsing the TCFD and TNFD, to joining the RE100, and we intend to continue playing an active role in such initiatives.
Risk Management
Materiality-specific Risk Management
Risk management in decarbonization
- Scenario analysis
- Key themes for solving issues
- Participation in climate change-related initiatives
- Business strategy for decarbonization
Risk management in biodiversity
- Business-specific risk assessment
- Acquisition of biodiversity certifications
- Consideration for the surrounding environment
Indicators and Targets
Key performance indicators
- CO2 emissions: Reduce by 60% in Scope 1, 2 and reduce by 50% in Scope 3 (compared to FY2020/3)
- Energy conservation performance indicators in new buildings: Maintain ZEH/ZEB-oriented standards
- Develop timber-based buildings: Carbon storage amount: 10,000 t-CO2/year
- Obtain biodiversity certification
- Initiatives to promote building longevity: Implementation rate of the Company’s own standards: 100%
- Promote waste reduction and increase recycling rate: Rate of reducing industrial waste: 20%
Targets
| Climate change and natural environment | Helping to address the urgent international issue of CO2 emissions reduction and contributing to the conservation of biodiversity and the realization of a recycling-oriented society, which contributes to CO2 reduction | |
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| Decarbonization | Initiatives in “energy saving,” “low-carbon business,” and “shift to renewable energy” Target: 60% CO2 emissions reduction in Scopes 1 and 2, and 50% CO2 emissions reduction in Scope 3 by 2030 compared to FY2020/3. |
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| Biodiversity | By restoring the forest cycle in Japan, contribute to CO2 absorption and to the natural environment through urban afforestation and forest preservation, thus enabling rich biodiversity | |
| Circular design | Contribute to a decarbonized society and a circular economy through urban development and service provision focused on assuring longer property lives, recycling, and resource sharing | |