Tokyu Livable Inc. (hereinafter “Tokyu Livable”) has initiated a transition to 100% renewable energy for all domestic locations, starting in August 2024. This initiative is made possible through renewable energy supplied by Liene Inc., part of the Tokyu Fudosan Holdings Group. This marks the first such initiative in Japan’s real estate brokerage industry.
Tokyu Group’s Commitment to Decarbonization
With this initiative, Tokyu Livable is expected to reduce its annual CO2 emissions by approximately 2,500 tons, based on electricity usage at all its locations for fiscal year 2023. The company plans to progressively obtain FIT non-fossil fuel certificates with tracking to ensure continuous renewable energy use throughout the year.
In 2021, Tokyu Fudosan Holdings introduced its “GROUP VISION 2030,” focusing on key goals such as decarbonization, a circular economy, and biodiversity. In line with this vision, Tokyu Livable has set a target to reduce CO2 emissions by 10% by 2030, accelerating its transition to renewable energy as part of these efforts.
In fiscal year 2023, the company reduced its CO2 emissions by approximately 5% compared to fiscal year 2022 by adopting hybrid and electric vehicles and reducing overall electricity consumption. These achievements reflect the success of the group-wide decarbonization strategies, meeting the 2025 mid-term management plan goals ahead of schedule.
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