Strategy of TC Transformation
INTEGRATED REPORT 2024
GX—Promotion of
Carbon-Neutrality-Related Businesses
Strategy of TC Transformation
Green transformation is one type of transformation advocated under the TCX concept. In pursuing green transformation, the Tokyo Century Group seeks to achieve carbon neutrality and to create environment-related businesses that cater to society’s carbon-neutrality needs.
Tokyo Century’s Green Transformation Strategies
- ESG Initiatives: Social Issue Resolution
- Earnings Power: Growth Strategies
- POINT01
Reduction of greenhouse gas emissions volumes and other measures to address climate change risks
- POINT02
Utilization of growth opportunities to expand environment-related businesses, services, etc.
Reduction of greenhouse gas emissions volumes and other measures to address climate change risks
- POINT 01
Importance of Responding to Climate Change
The Tokyo Century Group’s Management Philosophy calls on us to contribute to the creation of an environmentally sound, sustainable economy and society. We recognize the fight against climate change as an important opportunity for growth toward accomplishing this objective, and a concerted Groupwide response is thus being furnished to address climate change. One of the key issues of Tokyo Century’s materiality is “contribution to decarbonized society,” and we are striving to help resolve social issues while achieving ongoing growth and improvements to corporate value.
Greenhouse Gas Emissions and Reduction Targets
For more information, please refer to Tokyo Century’s latest sustainability data book.
Scope 1 and Scope 2 Emissions Reduction Initiatives
- Direct Emissions and Indirect Emissions Originating from Energy Use
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To reduce direct emissions, Tokyo Century is planning a phased shift from gasoline-fueled vehicles to electric vehicles (EVs) and other electrified vehicles for its Company fleet. In addition, gas-powered equipment will be replaced with electric equipment or with equipment that is more energy efficient while offices will be relocated to buildings that utilize renewable energy. For indirect emissions, we will seek to effectively switch to renewable energy by procuring green power and purchasing certificates verifying that our power does not come from fossil fuels.
Scope 3 Emissions Reduction Initiatives
- Introduction of Highly Fuel-Efficient, New Technology Aircraft in Aviation Business
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Aviation Capital Group LLC (ACG), a U.S.-based aircraft leasing subsidiary, and other aviation business companies are pursuing reductions in greenhouse gas emissions by introducing into their fleets new technology aircraft with high levels of fuel efficiency. The A320neo family, a mainstay aircraft series of Airbus SE, offers an approximately 20% reduction in greenhouse gas emissions compared with prior aircraft. The Tokyo Century Group is committed to increasing the portion of its aircraft portfolio accounted for by such eco-friendly aircraft and thereby reducing greenhouse gas emissions. Another pressing task in reducing the emissions of the aviation industry is the shift toward sustainable aviation fuel. We are currently assessing how best to take advantage of the business opportunity this shift represents.
- For more information on calculation methods and other related matters, please refer to Tokyo Century’s latest sustainability data book.
- Please also refer to the environmental, social, and governance report of ACG.
- Expansion of EV Offerings and Entry into EV Battery Business in Auto Leasing and Car Rental Businesses
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- Provision of EVs to the NTT Group, in light of declared commitment to transition completely to EVs (participation in EV100 initiative), and promotion of EV adoption by other customers
- Commencement of transactions of electric taxis and buses and other electrified micro-mobility options
- Enhancement of value chain to provide EV-related services
- Adoption of Renewable Energy in Real Estate Business
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- Adoption of electricity sourced from renewable energy
- Installation of solar panels on Company-owned properties
Utilization of growth opportunities to expand environment-related businesses, services, etc.
- POINT 02
Road Map
The Tokyo Century Group will focus on utilizing its strengths to advance its unique partnership strategy, expand its business scope, and enhance coordination among operating segments in order to accelerate growth.
Expansion of Businesses Addressing Carbon-Neutrality Needs (Promotion System)
Environment-related businesses are a common theme to be addressed by all operating segments. To better respond to the rising social needs in this area and thereby accelerate growth, Tokyo Century established the cross-organizational GX Task Force to facilitate its efforts to contribute to the realization of a carbon-neutral society.
Environment-Related Business Initiatives Advanced through Collaboration with Prime Partners
Tokyo Century is aggressively advancing initiatives centered on collaboration with prime partners across the energy value chain for catering to society’s carbon-neutrality needs.
