Tokyu Real Estate Becomes Japan’s First Business Corporation to Achieve RE100 Milestone Harnessing its In-House Renewable Energy Brand “ReENE,” Joining the Ranks of the “World’s Top 40 Companies” On April 25, 2024, Tokyu Real Estate (Headquarters: Shibuya-ku, President: Hiroaki Hoshino) announced that it had become the first company in Japan to achieve the international initiative “RE100,” which aims for 100% renewable energy utilization by corporations and organizations, excluding financial institutions. The company’s electricity usage at its offices and owned facilities was monitored by the RE100 Secretariat, the environmental NGO “CDP” (based in the UK), from December 1, 2022, to November 30, 2023, over a one-year period, resulting in certification of compliance. However, due to the practical impossibility of domestically sourcing green gas that meets the criteria, electricity generated from cogeneration self-generation (accounting for 0.2% of the total) is excluded from the assessment. This fact was disclosed in the 2023 report issued by the RE100 Secretariat, which specified a deduction of this electricity, resulting in a reported renewable energy usage of “99.8%.” Tokyu Real Estate operates numerous commercial complexes in the Tokyo Shibuya area, such as “Shibuya Hikarie,” as well as office buildings, commercial facilities, hotels, resort facilities, and senior housing nationwide. Additionally, it conducts renewable energy generation projects totaling over 1.7GW under its business brand “ReENE (Renewable Energy).” Approximately 98% of the annual renewable energy consumption, around 300 million kWh, is covered by its own renewable energy generation, further showcasing the company’s strength. Through these initiatives, the company has achieved an annual reduction of approximately 130,000 tons of CO2 emissions, equivalent to the emissions of around 69,000 households in a hypothetical scenario. As of the end of March 2024, 85 domestic companies and organizations have participated in RE100, with Tokyu Real Estate being the first in the real estate industry to join in 2019.