Contribute to widespread use of clean energy through climate change response and environmental efforts

Tokyo Century recognizes that combating climate change is an important management priority. Our efforts to contribute to a decarbonized society include environmental activities in offices, the development of solar power and other renewable energy businesses, the promotion of the Financing Program for Joint Crediting Mechanism (JCM) Model Projects for reducing greenhouse gas emissions through collaboration with developing countries and for sharing emissions reduction benefits between involved countries, and other efforts for addressing climate change through our business activities. In fiscal 2022, Tokyo Century established A&Tm Corporation as a joint venture together with Tokyo Gas Engineering Solutions Corporation and KYOCERA Communication Systems Co., Ltd., that provides asset and technical management services for solar power generation projects. The company is combining the technological strengths of joint business partners to provide services for improving the generation efficiency and profitability of solar power plants.

We are also working to reduce Scope 3 emissions. For example, consolidated subsidiary Aviation Capital Group LLC (ACG) has ordered 60 new Airbus aircraft, including Airbus A220 aircraft that use 25% less fuel than prior models. Furthermore, we have set the target of amassing a fleet of 100,000 electric vehicles by fiscal 2030 in the Automobility segment. Through an organizational change undertaken effective on April 1, 2023, the Group’s domestic and overseas renewable energy and other environment and energy businesses were separated from the Specialty Financing segment to form the Environmental Infrastructure segment. The goal of this move is to strengthen and expand these businesses to better support business strategies for contributing to decarbonization.

Moreover, Tokyo Century announced its endorsement of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in April 2021. In addition, we identified climate change risks and opportunities under multiple scenarios and conducted qualitative and quantitative business impact assessments in line with TCFD recommendations. Information in this regard is disclosed here. A scenario analysis on the automobility business (corporate and individual auto leasing) was performed in fiscal 2022, the results of which have been disclosed.

Contribution to the SDGs

7 Affordable and clean energy / 13 Climate action


  • Growth of renewable energy businesses that address climate change
  • Increased opportunities for supplying new automobility services in light of trend toward electric vehicles (EVs)
  • Rising leasing needs in conjunction with social demand for energy saving and decarbonization


  • Introduction of carbon taxes, increased regulation, and other risks associated with the transition to a decarbonized society
  • Physical risks arising through increases in natural disasters and abnormal weather events due to climate change

Goals and Progress

Scrollable horizontally

KPI Metric Unit Target year Target Fiscal 2020 Fiscal 2021 Fiscal 2022
Reduction of electricity use
(environmental contributions
through office activities)
Electric use kWh Fiscal
Less than 1,800,000kWh 1,578,546 1,539,011 1,593,216
CO2 emissions t-CO2 Fiscal
Less than 318t-CO2 770 723 546
Reduction of gasoline use
(environmental contributions
through office activities)
Gasoline use L Fiscal
Less than 60,000L 43,768 45,360 49,937
CO2 emissions t-CO2 Fiscal
Less than 139t-CO2 102 105 116
Fuel efficiency km/L Fiscal
More than14.0km/L 14.3 14.5 16.1
Reduction of paper use
(environmental contributions
through office activities)
Paper use
(A4 size equivalent)
Thousands of sheets Fiscal
Less than 11 million sheets 9,262 8,278 9,457
Reduction of head office electricity use (intensity target) Per-area electricity
kWh/m2 Fiscal
Less than 70.00kWh/m2 (23% reduction in comparison with FY2009) 59.75 64.84 67.69
Reduction of annual CO2 emissions associated with head office electricity use (intensity target) CO2 emissions from per-area electricity
t-CO2/m2 none none 0.029 0.030 0.017
Reduction of CO2 emissions
through solar power businesses of consolidated subsidiaries*1
Annual generation
MWh Fiscal
More than 508,600MWh 414,047 482,795 536,591
CO2 emissions (compared with standard thermal power generation) t-CO2 Fiscal
More than 198,100
172,864 192,877 207,929
Rate of electrified vehicle use (EVs, FCEVs, PHEVs, HVs) Mobility and fleet management*2 % none none 18.4 19.3 20.6
Rate of fuel-efficient aircraft*3 use Ratio of fuel-efficient aircraft assets*4 % none none 40.4 45.7 51.8
Projected aggregate greenhouse gas emissions reductions from JCM Model Projects Projected aggregate greenhouse gas emissions reductions t-CO2 Fiscal
56,000t-CO2 34,547 35,457 38,343

Initiative Example

Promotion of Renewable Energy Businesses Centered on Solar Power Generation

Tokyo Century engages in renewable energy businesses, such as solar and biomass power generation, through collaborations with its partners, which represent one of its strengths.

In 2012, when the feed-in tariff (FIT) program started, we established Kyocera TCL Solar LLC through a joint investment with Kyocera Corporation. This company has been operating one of the largest solar power plants in Japan. We are also promoting biomass power generation through joint ventures with leading partners that include ITOCHU Corporation, JFE Engineering Corporation, and Forest Energy Inc.

To achieve our mid- to long-term goal of 1,000 MW of power generation capacity, we will expand our existing projects and develop new investments to help create a decarbonized society.

Widespread Use of EVs through Leasing

Nippon Car Solutions Co., Ltd. (NCS), in its auto leasing business for corporate customers, has been promoting the introduction of EVs, mainly to the NTT Group. Even before EVs attracted attention for their low environmental impact, NCS actively proposed the use of EVs as an emergency power source during times of disaster. Even now, NCS still handles the highest number of vehicles in the industry.

The company leverages its buying power for manufacturers and its strengths in total solutions, such as communication-type drive recorders and safe driving consulting to support the NTT Group, which intends to convert 100% of its company vehicles to EVs by fiscal 2030 under its EV100 initiative.

In addition, NCS works with NTT Group companies to propose EV packages to approximately 800 municipalities that have declared their commitment to carbon neutral. It cooperates with one of NTT’s close partners, a telecommunications construction company, to manage the installation and maintenance of charging facilities associated with the introduction of EVs. Furthermore, it will supply electricity derived from renewable energy sources in cooperation with NTT Group companies to help local governments achieve carbon neutrality.

Climate Change Actions through the Joint Crediting Mechanism (JCM)

The JCM has been established and implemented to quantitatively assess Japan’s contribution to the reduction and absorption of GHG emissions by diffusing excellent decarbonization technologies, products, systems, services, and infrastructure as well as by implementing other measures in developing countries, and uses the assessment results to achieve Japan’s reduction targets.

Tokyo Century is the first Japanese financial services company to serve as a representative participant of the JCM. We have partnered with local joint ventures in Southeast Asian countries to develop large-scale solar power generation projects using decarbonization technologies. From fiscal 2017 to 2023, a total of 15 projects were selected in Indonesia, the Philippines, Thailand, Myanmar, and Vietnam.

Tokyo Century’s Contribution to the SDGs

Tokyo Century is contributing to the enrichment of daily life and the sustainable development of society toward achieving the SDGs adopted as a shared responsibility for the international community at the United Nations Summit on Sustainable Development.