Climate Change and the Natural Environment｜Sustainability

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Climate Change and the Natural Environment

Climate Change and the Natural Environment

Group Policy

Through urban development and providing products and services that leverage property development and property-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 (materiality) and will promote them Company-wide. In addition, the Group has to date been actively participating in international initiatives, from obtaining SBT certification (35% reduction compared to fiscal 2019) and endorsing the TCFD to joining the RE100, and we intend to continue playing an active role in such initiatives.

Targets

Climate Change and natural environment		Contribution to the urgent global issue of reducing CO₂ emissions,　biodiversity preservation and realization of a circular society that contributes to CO₂ reduction
	Decarbonization	Initiatives in “energy saving,” “low-carbon business,” and “utilization of renewable energy” SBT: 35% reduction in Scope 1, 2, and 3 by 2031/3 compared to 2020/03
	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 that incorporate longer lives of properties, recycling, and sharing

Key Performance Indicators (KPIs)

●Reduce CO₂ emissions by 35% compared to 2020/03
●Energy conservation performance indicators in new buildings: Maintain ZEH/ZEB-oriented standards
●Develop timber-based buildings: Carbon storage 10,000 t-CO₂ per year
●Obtain biodiversity certification
●Initiatives to promote building longevity: Full implementation of the Group’s voluntary standards
●Promote waste reduction and increase recycling rate: Reduction of industrial wastes by 20%

Management

We are taking measures to improve Group-wide environmental management under the leadership of Nomura Real Estate Holdings president and Group CEO.
The Sustainability Committee, which comprises Nomura Real Estate Holdings and Group company directors and others and is chaired by the Nomura Real Estate Holdings president and Group CEO, deliberates on and decides related policies and action plans. The Sustainability Committee also sets targets and monitors progress for the Group’s priority issues: decarbonization, biodiversity, and circular design.
An environmental subcommittee has been established as the Sustainability Committee’s subordinate organization under the supervision of the officer responsible for quality management and architectural design. Furthermore, we have signed the UN Global Compact in May 2019. Based on the principles of the UN initiative, we will support a precautionary approach, such as climate change mitigation, to environmental problems, and proactively fulfill our responsibility to address environmental problems.

Environmental Subcommittee

Consists 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 meets as needed. In fiscal 2022, the subcommittee met three times, mainly to discuss reducing CO₂ emissions and using renewable energy.