Sustainability Fact Book 2022

For Sustainable Tomorrow
Changing the World with Renewable EnergyAt a Glance
Total capacity in operation*

Total capacity under construction(as of December 31)(as of December 31)

542

(MW)

600

500
400

419
400

333

(MW)

345

0

393

410

4

200

2

100

1

2020

2021

2020

2021

(year)* Includes the capacity in operation of the power plant (1.8 MW) in Taiwan
acquired in 2020. Not included in other graphs.

Total renewable energy soldAnnual amount of CO2 reduction effect*663,532(MWh)

800,000

600,000

4 (1)

2 (0)

1 (0)

3 (2)
2 (2)

0

2019

2020

2021

(year)

2019

2020

2021

(year)* Total number of labor injuries of lost-time accidents (lost for one day ormore) and lost occupational accidents caused by labor, and the numberof sufferers of commuting injuries* Total number of labor injuries of lost-time accidents (lost for one day ormore) and lost occupational accidents caused by labor, and the numberof sufferers of commuting injuries

Number of fatalities

Number of employees*

284,449(t-CO2)300,000

4

2

0

2019

(year)

5 (0)

6

3

0

2019

Number of construction contractor-related
incidents* (including lost-time injuries)

5

300

200

Number of employee-related incidents*(including lost-time injuries)(persons)

215

249

256

2019

2020

2021

267,763
227,984598,211505,075

200,000

400,000
100,000
200,000

0

0

2019

2020

2021

(year)

2019

2020

2021

(year)* Calculated by multiplying the amount of purchased energy (deducting the amountpurchased with non-fossil fuel energy certificates) by emission factors for each electricutility that we supply power to (as of December 31 each year) in accordance with the Act
on Promotion of Global Warming Countermeasures

Number of events held (2021 results)*

35(e.g., site tours planned by JRE, lessons delivered, etc.)* Due to COVID-19, in 2021 there was a period of time when we did not
hold events or accept visitors.

1

Sustainability Fact Book 2022

Number of local employees*
10 persons(persons)45

1 person

37

40

2019

2020

2021

(year)(Ever since our establishment)

Average training cost per employee(2021 results)

165,040(year)* The sum of Japan Renewable Energy Corporation and JRE Operations
Corporation

Number of group compliance trainings
conducted for each subject
5

5

5

2019

2020

2021

(JPY/year)(year)* Local personnel recruited from the area where power plants are locatedSustainability Fact Book 20222

Corporate Philosophy
Our Mission and Purpose

Our Values (FORCE)
Our Vision

Fun

Enjoy work and contribute to an open and enjoyable workplace

Open Communication

Actively voice our thoughts and show respect for the thoughts of others to promote free,open discourse and mutual understanding

Our Values
Japan Renewable Energy (JRE) Group
Code of Conduct

Responsibility

Proactively engage in all issues and initiatives, work with enthusiasm and never give up

Challenge

Resolve issues with an innovator’s mind and unyielding spirit

ExpertiseContinue personal growth by passionately seeking new information with a humble heart

Japan Renewable Energy (JRE) Group Code of Conduct
Our Mission and Purpose

1. Compliance with laws, regulations and corporate ethics

Changing the World with Renewable Energy
For Sustainable Tomorrow(1) As responsibility for engaging in social infrastructure construction, we will act with highest ethics.
(2) We will observe laws, regulations and internal rules concerning business activities.
(3) To conduct our business activities equitably, we will pay heed to laws, regulations and to social norms, and will
maintain sound and normal relationships with political and government bodies in our activities.

Our Vision
We will take leadership in creating a prosperous and sustainable society through thedevelopment of renewable energy.
Society currently grasps the necessity for the expansion of renewable energy sources as a countermeasure towards
climate change caused by the emission of greenhouse gases from fossil fuel-based power generation and a depletingfossil fuels reserve.
At JRE, our aim is to stably and economically supply electric power from renewable energy sources and become(4) We will take a resolute stance toward anti-social activities and forces, and refuse not only any patronage but also
any association whatsoever.

2. Coexistence with the global environment and local communities(1) We will actively strive to preserve the global environment.
(2) We will place utmost importance on dialog with local communities for realizing coexistence.

3. Proper management of assets and information

the leading company in our industry, while flexibly adapting to a changing business environment to address the needs(1) We will properly manage and make efficient use of the assets of the company.

of future eras.

(2) We will carefully manage and handle confidential corporate and personal information.

While continuously seeking harmonious coexistence with the local community, we will engage in the

4. Respect for humanity

development of renewable power plants from early development stage to operational stage and hold, maintain and(1) We will aim to create safe and comfortable workplace environments.

operate our plants for the entire project life, so that we can continue to challenge to create a sustainable society for(2) We will respect each other’s human rights and will act with passion and responsibility.

the prosperity and security of the next generation.

(3) We will proactively practice fair and open communication.
(4) We will always humbly embrace feelings of thoughtfulness and gratitude.

C o n t e n t s

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3
5
7
9
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At a Glance
Corporate Philosophy / Contents / Editorial Policy
Top Commitment
Description of Business
Project Report
Business Process
Contribution to the SDGs through Business / Materiality
Sustainability Data
Company Overview / History

Editorial Policy
Japan Renewable Energy Corporation (JRE) publishes the Sustainability Fact
Book as an important tool for communicating with our stakeholders.
The JRE Sustainability website provides the latest information about oursustainability.
https://www.jre.co.jp/english/sustainability/

Publication dateJune 2022
Guidelines for reference• GRI Standards, Global Reporting Initiative (GRI)• Sustainability Accounting Standards Board (SASB)

Scope of reportJapan Renewable Energy Corporation and JRE Operations Corporation
Period coverd
Fiscal 2021 (January 1, 2021 to December 31, 2021)* The report includes some activities from after this period.

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Top Commitment

At JRE we are committedwith renewable energy toto changing the world
realize a sustainable tomorrow.

Takeuchi Kazuhiro
President and CEO, Representative Director
Japan Renewable Energy Corporation

Curbing global warming and expanding the use of cleanachieving a carbon-neutral society. In working to attain

range of renewable energy, including offshore wind

In 2019, JRE conducted its inaugural materiality analysis,

energy are issues that countries worldwide should

this goal, Japan has declared it will reduce greenhouse

power and hydroelectric power, and strive to develop ourand in doing so, established the basis of its sustainability

address in common, and these are also listed as maingas emissions by 46% by FY2030 compared with thebusiness as a leading company in the industry.

approach and disclosures. I am confident that the results

themes for the Sustainable Development Goals (SDGs)

level of FY2013. Besides Japan, over 120 countries haveadopted at the United Nations Conference in 2015. The

declared their commitments to becoming carbon neutral

Developing and operating power plants requires theas it fulfills its responsibilities and makes contributions toParis Agreement at COP21 came into force in 2016.

in 2050.

understanding and support of the residents of local

solving global issues.

Japan also ratified this agreement and pledged tocommunities, government agencies, construction

significantly expand its use of renewable energy to curtail

Japan Renewable Energy Corporation (JRE) was founded

companies, and fund providers. All employees place

The safety and health of our employees are indispensable

emissions of greenhouse gases.

in August 2012 in the aftermath of the Great East Japanutmost importance on dialogue with society and earnestly

for ensuring the sustainable growth of our business. In

Earthquake and is entrusted with the mission of “changing

undertake their work to earn the trust of stakeholders.

2020, we strengthened workplace safety and health to

The year 2020 marked a historic turning point for thethe world with renewable energy” to solve the issues ofentire world. Along with changes resulting from the spread

preventing global warming and improving Japan’s energy

In 2016, JRE became the first renewable energy

environment that realizes diverse workstyles such asof COVID-19 in social life and the advance of digitization,

self-sufficiency rate.

company in Japan to support the United Nations Global

promoting remote work.

the momentum toward a decarbonized society also

5of this analysis will create a strong foundation for JRE

prevent the spread of COVID-19 and also created an

Compact and join the Global Compact Network Japan.

accelerated. Additionally, in October 2020, Prime Minister

During the following years up to the present, we have built

As a member of this global community, we commit to

Looking ahead, we will continue to expand and strengthen

Yoshihide Suga declared in his first policy speech that heor are operating more than 50 power plants in various

upholding The Ten Principles of the UN Global Compact,

our initiatives toward sustainability and will promote andwould commit to cutting greenhouse gas emissions tolocations, including solar, onshore wind, and biomass

which cover human rights, labor, environment, and anti-

expand our renewable energy business in a manner

virtually zero by 2050, thereby setting the 2050 goal of

projects. Looking ahead, we will widely cover the entire

corruption.

compatible with the local community and society.

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Description of BusinessSolar power generation

Biomass power generation

We develop and operate solar power plants, which harness the infinite energy of the sun,all over the country.

We utilize wood construction waste and woody materials collected in Japan to generateenergy from combustion. We also recycle combustion ash.

FeaturesFeatures-- Because there is infinite sunlight, there are no fuel costs.

-- Power can be generated from waste (recycling of resources).

-- It generates clean energy without emitting greenhouse gases during
power generation.

-- Carbon neutral (Carbon dioxide emissions from the combustion ofplant-derived biomass are considered to be cancelled out by theearlier carbon uptake in the photosynthesis process for plant growth.)-- Almost no noise is produced during power generation.
Solar power is not generated during nighttime and the power output varies
depending on the weather. As such, solar power is combined with other-- Stable power generation throughout the year and around the clock(except for planned shutdowns for inspection or the like), unaffectedby the weather

power sources and battery technologies to power your life.

Onshore wind power generation
We build and operate wind farms with the aim of promoting and expanding wind power
generation, which utilizes the inexhaustible resource of natural wind.

Features-- It can generate power as long as there is sufficient wind and needs
no special fuel, thereby eliminating fuel costs.
-- It generates clean energy without emitting greenhouse gases during
power generation.
-- It generates power day and night as long as there is wind withvelocities high enough for power generation.

Operation and maintenance

Recycling

JRE Operations

Eco Green Holdings

JRE Operations engages
in operation, maintenance,
and asset management of
renewable energy power plants.

Eco Green Group gathers
construction waste and woodfrom the forest, recycles mainly
into wood biomass chips, andsupplies them as biomass fuel.

-- It is a power source with relatively high power-generation efficiency
from renewable energy sources.

Offshore wind power generation
We build and operate offshore wind farms with the aim of promoting and expanding offshore
wind power generation, which utilizes the powerful and more stable wind conditions at sea.

Features-- Wind is stronger at sea than on land, and stable wind is available as
there are no obstacles at sea, enabling efficient power generation.
-- Generated power is sent through transmission cables that are laid on
the seabed to power grids on land.
-- Large wind turbines, which offer a more efficient form of power generation, can be built.
-- Because offshore wind power plants are far from residential areas, noise issues are said to be unlikely to occur.
-- It generates clean energy without emitting greenhouse gases during power generation.

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Project Report

Nakakyushu Onitayama Wind Farm

Perspectives

I am looking forward to seeing JRE expand its renewable energy operations worldwide.
This temple has a history of 400 years, and throughout its existence it has maintained
close ties with local residents, who have provided support through the ages.
When I first heard from JRE of their plan to build a wind power station on

Blending our mountaintop
power plant into the landscapeand harnessing the natural energy of the wind

Onitayama, I asked JRE to conduct a sufficient level of resident briefings, as I
believed it was essential for the project to obtain the understanding of the local
community.
JRE presented their plans to local residents with great care, and I think

Mr. Toshifumi Teramoto
Chief Priest, Josenji Temple
Gokase Town, Nishi-usuki County,
Miyazaki Prefecture

they succeeded in building a relationship of trust with them and gaining theirunderstanding.
Renewable energy should be promoted, and I hope JRE will become a major
company and expand its renewable energy operations in Japan and around theglobe to the extent that nuclear power generation will no longer be needed.

I was impressed by JRE’s thorough briefings and earnest response to local concerns.
JRE gave thorough briefings on their project, even including experts on legal
The Nakakyushu Onitayama Wind Farm, one of the first projects

parts of Japan. There were times when we could not obtainthat JRE investigated and began developing, was completedagreement from land owners in distant areas. Local residents

in September 2016. Eight wind turbines, for a total output

helped us by calling them to introduce JRE and explain theof 16,000 kilowatts, have the highest altitude (1,000–1,200

project. Such support was invaluable for a not-very-well-meters) among all wind farms in the Kyushu region and offer aknown company like us and allowed us to obtain agreement

view of Mount Aso’s five peaks in the far distance.

from all land owners, local and otherwise.

Opinions received during the environmental assessment

Transport was another challenge. We had to bring allprocess and views expressed at meetings with local residents

the turbine parts overland for 85 kilometers from Nobeoka-

were duly taken into account when planning the Nakakyushu

shinko port. There were many difficult spots along the route,

Onitayama Wind Farm. Our goal was to develop a plant

especially the multi-curved Roppo Kaido forest road. The

that is friendly to local communities as well as to the natural

freight company made full use of their long experience andenvironment. Efforts were made to increase local residents’technical expertise to devise ingenious solutions to ensure

understanding of wind farms. Before starting construction work,

safe delivery, such as using a special truck capable of

we led a group of interested residents on a tour of an existingtransporting a 39-meter turbine blade in an upright position.

wind power station operated by another company. Once

JRE hopes to grow together with the local community.

construction began at the Onitayama site, we offered resident

Toward this end, we have endeavored to do business withtours of the construction site, one to see a turbine foundation

local firms and employ local residents. At present, four JRE

being built and another to observe the lifting of a turbine.

employees living in Miyazaki Prefecture are involved in on-site

We encountered many obstacles along the way to projectcompletion, but we were able to overcome each obstacle
thanks to the guidance and support of all the people involved.
One of our first issues was the leasing of land for thepaperwork and environmental matters. People from Kajima Corporation came totell us about the construction process, explaining even technical matters in detail.
I am happy to say they acted in an impeccable manner, such as responding torequests immediately during construction and repairing and repaving road sections
that had been damaged by the transport of construction materials. However, it
would have been even more satisfactory if they could have used companies in

Mr. Hitoshi Fujioka
Shrine Representative, Iiboshi Shrine
Morotsuka Village, Higashiusuki-gun,Miyazaki Prefecture

Morotsuka.
When I viewed the plant from afar after its completion, I thought the whiteturbines against a blue sky made quite an attractive sight. The power station isaesthetically pleasing and environmentally friendly, so I think it is like killing two
birds with one stone. Since there are no wind power plants nearby and local
residents and children are highly interested in them, I am glad that JRE welcomestours of the site and participates in community events and school workshops, andI hope they will continue to do so.

It is my hope that JRE will pave the way for the spread of renewable energy.
When taking charge of the construction of this project, my first thought was that
there were many challenges to overcome, considering that the site was on top of

operations.

a mountain and the construction schedule was very tight. When excavating soil

We are deeply grateful to the local community forfrom the site, for example, we sometimes had to make over 100 trips a day to thewelcoming the Nakakyushu Onitayama Wind Farm with adumping site. We took pains to minimize the impact of construction activity on thewarm heart.

local community. Thanks to the cooperation of local residents, we were able toplant site. A power plant requires a vast expanse of land,

manage and carry out construction work more or less according to schedule.

which usually means obtaining agreement from many land

Mr. Takeshi Kawasaki

owners. Some plots have multiple owners, who may live in all

Kajima Corporation
Main person in charge of project construction

Mr. Kazuyoshi Omote

I believe people responded favorably to the way JRE kept the community on
board, allowing the company to earn their trust.
I hope JRE will build their operations aggressively and greatly advance therenewable energy field.

Japan Renewable Energy Corporation
Project manager for development

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Business Process
JRE undertakes all phases of the renewableenergy power generation business from preliminary
surveys to power sales and maintenance/
inspections.
In cooperation with local residents as well as construction firms, financial institutions, and other diverse parties,
JRE takes responsibility in carrying out projects under autonomous general management that extends frompreliminary surveys for commercialization to business plan formulation, financing, equipment procurement,
construction management, and operation/maintenance.

Maintenance / Inspection
Operation
Construction
Financing
Planning
SurveyWe implement field surveys upon narrowing down
candidate sites for power plants from amongcommunities that might agree to their construction
and operation. In doing so, we take into
consideration such factors as good exposure to
sunlight suitable for solar power generation and
excellent wind conditions conducive to wind power
generation in addition to topography and area
dimensions that are suitable for plant construction
and the availability of connections to the electric
power grid. It is also important to confirm necessary
procedures and permits for development.

Stakeholders

11

Local governments /Administrative
authorities

Sustainability Fact Book 2022

In consultation with construction companies
and manufacturers, we are promoting thedevelopment of environment-related
technologies and introducing cutting-edge
technologies, which includes incorporating
designs that maximize power generation. In
addition, we will formulate a plan to minimize
impacts on the living environments whileobtaining consensus after engaging in
repeated discussions with local residents andlocal governments.

JRE establishes an SPC (Special Purpose
Company) for each project either independently
or with a joint investment with a local partner.
Each SPC undertakes diverse and efficient
project financing as environment-related
finance from financial institutions including
regional banks.

After the completion of a well-planned design,
the construction of the plant is carried out
while ensuring safety. During the constructionof a wind power plant, we give great
consideration to not inconveniencing local
residents when transporting and assemblinghuge wind turbine parts. At solar power plants
as well, we are adopting a variety of measures
to ensure reliable and safe operation.

Each operation is continuously monitored toensure a stable power supply. Engineers are
deployed to respond to any accidents andfailures. The JRE Group proactively interacts
with members of the local community byorganizing study tours and other activities atseveral power plants to contribute tocommunity development.

In addition to monitoring remotely, some of the
JRE Group’s or partner companies’ employees
are permanently stationed at an office locatedclose to the wind power plants and biomass
power plants to carry out management work
such as inspection and maintenance to ensure
safe and stable operation.
They can find early signs of equipment
abnormalities before problems occur so thatthey are able to respond as early as possible.

Maintenance andinspection service
companies

Electric utilities

Construction firms /Equipment
manufacturers
Financial
institutions

Local governments /Administrative
authorities /Landowners /Electric utilities /Local communities

Through such actions, we act as the operating body to conduct project management withlong-term consistency, enabling the realization of power generation projects with a high levelof certainty.
We continue to own and operate the power plants that we develop while carrying out
the stable, long-term operation of plants with the top priority on safety.

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Contribution to the SDGs through BusinessContribute to the Sustainable Development Goals(SDGs) through businessP ri ori ty materi al i ssues
Materiality

Definition

Relevant SDGs

Environment

Based on our business, JRE willcontribute to 17 Global Goals underthe 2030 Agenda for Sustainable

Stable supply of
renewable energy andcontribution to GHG
emissions reduction

Renewable energy will play a central role in providing stable,
economical and low carbon power, thereby helping to tackle
the global challenge of climate change.

Environmental
protection

Minimizing our overall environmental footprint in terms ofemissions, water and effluents, energy, waste, and natural
resource consumption. We must also preserve local
biodiversity around our sites.

Harmony with
community andsociety

We must continuously engage with and invest in our local
communities to create long-term relationships and maintainour social license.

Employee safety anddevelopment

Our employees are our most valuable asset. We can only
accomplish our corporate mission by ensuring the safety of
our employees and by continuously investing in employees
to attract and retain top talent, such as by investing in
employee trainings, promoting diversity in the workplace, andimplementing career development initiatives.

Development adopted by the United
Nations in September 2015.
JRE will promote our business toachieve the goal corresponding to Goal

Goal 7: Affordable and Clean Energy
Ensure access to affordable, reliable,
sustainable and modern energy for all

Goal 13: Climate Action
Take urgent action tocombat climate change and its impacts

Society

7 and Goal 13 in particular.

Materiality
Overview
Economy and governance

Gaining a comprehensive understanding of the

supply of renewable energy and contribution to GHG

environmental, social, and governance (ESG) issues

emissions reduction; Harmony with community andof most interest to our stakeholders empowers us

society; and Stable growth through expansion of

to make better decisions – both as a business andour energy generation business. The management

as a member of the community. To better identify,

fundamentals that we identified were: Environmental

understand, and prioritize these ESG issues, in 2019,

protection; Health and safety and human capital

we conducted our inaugural materiality analysis.

investment; and Sound governance.

The analysis focused on issues that are especiallyrelevant to us as a renewable power generator.

Stable growth throughexpansion of ourenergy generation
business

By building a robust financial base and enhancing our fundraising capacity, we anticipate a sustainable development forour business, allowing us to contribute to the solving of social
concerns in Japan, and developing Japan’s energy landscape.

Sound governanceA strong, effective corporate governance structure is essential
to sustainable business management and implementing our
mid-term business plans. Strong and transparent corporate
governance keeps us accountable to the interests of our
stakeholders, including shareholders.

By achieving a balanced approach between oursustainability priorities and our management

As a result, we identified three sustainability priorities

fundamentals, we hope to maintain a strategic andthat we will aim to leverage as differentiators for oureffective sustainability program in the long term.

sustainability approach, which will utilize our unique

We will commit to making progress on our material

strengths to create social value. We also identified

issues by continuously implementing progressive

three management fundamentals that will serve as ainitiatives and reporting publically on these issues infoundation to our sustainable business management.

a transparent and timely manner.

Participation in the UN Global Compact
In April 2016, JRE announced
our support for the UN Global
Compact’s Ten Principles,
which are international initiatives
aimed at achieving a moresustainable society.

External recognition
JRE has beenhighly evaluated by
GRESB Infrastructure
Assessment in terms of
ESG since 2018.

The sustainability priorities we identified were: Stable

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Environment

Stable supply of renewable energy andcontribution to GHG emissions reduction
Why it matters for us
At our core, JRE’s vision is based on the belief that providing renewable energy contributes to therealization of a sustainable society. This vision aims to accomplish two crucial goals:• At the global level, renewable energy generation is essential for a goal of mitigating climate change. As theenergy sector accounts for around 70% of global greenhouse gas (GHG) emissions, energy systems willneed to undergo a dramatic transformation toward decarbonization, which requires increased renewableenergy capacity.
• At the local level, renewable energy contributes to safeguarding the stability of energy supply. By

Environmental protection
Why it matters for us
As a renewable energy company, our relationship with the environment is an essential part of ourcorporate identity and license to operate. When constructing and operating our sites we strive for minimal
disturbance of the local environment. We actively promote energy efficiency, and where possible, aim tocontribute to a circular economy by promoting efficient use of natural resources, including recycling ofmaterials. Efficient use of natural resources and energy not only reduces operational costs but also helps
us to minimize our overall risk exposure to legal, regulatory, and reputational risks related to environmental
issues.

Our approachproviding additional sources of locally generated energy, JRE aims to strengthen the resilience of the

JRE is undertaking several initiatives to reduce our environmental impact throughout the entire value

Japanese energy market.

chain, from project development to construction and operations.

Our approach
JRE develops diversified renewable energy sources, including solar, onshore and offshore wind,biomass, and small hydropower. In particular, biomass power plants contribute greatly to stable supply of
renewable energy power by around-the-clock operation regardless of the weather.
As one of our steady efforts to provide a stable supply of renewable energy, we constructed a solar
power plant equipped with large storage batteries in 2021 and commenced its operation in 2022. We arealso verifying various measures such as energy time-shifting, production/demand imbalance mitigation,and enhancement of forecast technology.
In addition, JRE is conducting joint-research projects to promote offshore wind power generation
with universities and other institutions. Such endeavors include the study on a new method of wind field

Developing and adopting environmental protection technologies
Having held discussions with the construction companies and equipment manufacturers from theplanning stage, we are developing and introducing various environmental protection technologies,
such as employing designs that maximize power generation during our development and operation of
power plants.
Biomass power generation
Our biomass power plant exclusively utilizes as fuel local wood chips (recycled from constructionwaste and made from forest residue and unused timber), which are supplied by Eco Green Holdings
Co., Ltd. (JRE Group company) to generate electricity.

measurement with the University of Tokyo and the study on wake flows behind wind turbines with Kyushu
University.
From 2021, the JRE Group began to switch toenergy purchased with non-fossil fuel energy certificates.
This move allows us to purchase CO2-free electricity inaddition to supplying power through the generation ofrenewable energy that does not emit CO2.

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16Society

Harmony with community and society
Why it matters for us

Employee safety and development
Why it matters for us

Developing renewable energy projects in harmony with local communities and society is at the center

Our employees are our most valuable asset. We can only accomplish our corporate mission by ensuring theof JRE’s values. Creating long-term relationships is essential for us to maintain our social license tosafety of our employees and by continuously investing in employees to attract and retain top talent. Creating

operate, and therefore is essential to the success of our business. Our social responsibility goes beyond

a people-centric work environment allows employees to give their best while enjoying their work. To do so, wejust our neighbors – it extends to empowering local communities and promoting an understanding ofpromote a diverse and inclusive workforce.

the importance of renewable energy.

Our approach
Our approachContinuous and transparent engagement with local communities to build mutual understanding is a central
element to our project development. During the development phase, we hold two-way communication
through briefing sessions and on-site explanation meetings. We explain how potential future activities
may impact local communities, and encourage them to ask questions to learn more about our projects.
Throughout construction and operation of our sites, we strive to maintain this continuous communication
with our stakeholders.
JRE conducts such events as power plant tours,
environmental education, and seminars.
Our employees generously volunteer their time to

Our safety culture nurtures trust between the company and our employees by ensuring optimal work conditions.
We have put in place comprehensive measures to safeguard our workers’ safety, such as by having an
Environment, Health and Safety (EHS) Guideline, providing EHS training for employees and suppliers, andimplementing a crisis and incident management system.

EHS Policy
In 2020, we revised our original EHS Policy
to add the prohibition of child labor andforced labor, hereby enhancing our efforts.

EHS Policy
The JRE Group has a social responsibility to build anenergy foundation that will allow future generations to

Implementing COVID-19 disease control
measureslead happy and secure lives. To fulfill this responsibility,
we have defined our basic stance on the environment,

help local communities, such as for environmental sport

We have established Disease Control

health, and safety in our JRE EHS Policy.

events and cleanup activities, throughout the year.

Guidelines as employee guidelines for-- We comply with all applicable laws and regulations, inbehavior during the coronavirus crisis.

all countries and regions where we operate, and are

Anti-droplet protective panels andsanitizer dispensers have been set up
where deemed necessary.

committed to not using child labor or forced labor.
-- We place the highest priority on the safety of ourpersonnel, our contractors, and the community
members around our project sites.

Sick leave system
We have a sick leave system in place since-- We respect diversity among our personnel and aretotal of seven days by taking into accountcommitted to creating a healthy and comfortable

the COVID-19 pandemic and the side

work environment.

effects of vaccination.

characteristics, JRE aims to continue contributing to the development of communities as a good
corporate citizen.

the global environment and ecosystems.

2018. In 2021, two days were added for a

Moreover, JRE aggressively recruits local personnel and conducts business with local companies
for the construction and operation of power plants. Through business activities tailored to regional-- We give maximum consideration to the protection of-- We widely disclose EHS-related information andmake efforts to communicate with society.

Implementing a telework system-- We are enhancing our EHS management and are

To encourage diverse work styles, we havecommitted to making continuous improvements in aemployed a telework system since 2020.

systematic manner.

We will continue using this system after the
COVID-19 pandemic ends.

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Economy and governanceStable growth through expansion of
our energy generation business
Why it matters for us
As a renewable energy power producer, we play a vital role in combatting climate change andenhancing energy self-sufficiency in Japan. Our success relies heavily on the support and trust we gainfrom our investors. We must therefore maintain a strong financial foundation to fulfill our responsibility
to our stakeholders and to society.

Our approach
In order to realize and sustain business growth, we have made strategic preparations across each of ourenergy segments to plan for a competitive and diversified renewable energy mix. In addition to solar powerthat led our growth so far, we will focus on both onshore and offshore wind, thereby actively expanding ourgeneration capacity. In particular, we expect offshore wind to be a significant growth driver.
We anticipate steady growth in our solar power segment, following our initial investments in this area.
Over the long term we see the opportunity for a second wave of investment in this segment. We are also
actively engaging with diverse power generation technologies, with steady growth in our biomass power
capacity and small hydropower. JRE plans to undertake strategic initiatives in the field of biomass working
with its subsidiary, Eco Green Holdings Co. Ltd., an eco-solution company specialized as a recycledbiomass wood chip supplier.
Furthermore, we also prioritize stability in the operation of our plants and engage in efforts tominimize the outage time of our power generators. Specifically, our initiatives aim to identify concerns
and issues that can be addressed preventatively before leading to unplanned repairs and accidents. For
example, we conduct maintenance based on detailed plans and closely monitor our generators to identify
any preventative measures we can implement. These
initiatives allow us to maintain stability in revenue frompower generation, and at the same time, maximize ourcontribution to GHG emissions reduction.

Sound governance
Why it matters for us
Sound corporate governance serves as the backbone to a responsible management structure that isaccountable to shareholders and other stakeholders. We aim to maintain a robust and effective corporate
governance structure that lays the managerial foundation for long-term business growth, helping us toachieve our mid-term business plans and make sustainable progress across all of our material issues.

Our approach
The enhancement of governance is important for the long-term maximization of corporate value, and wewill continue to work to increase management efficiency, transparency, and fairness.
Risk management
Identifying, assessing, and managing risks and opportunities is fundamental to meeting our corporate
mission and business objectives. To ensure a consistent, formalized approach across our business,
we have established a Risk Management Policy.
Corporate ethics
We strictly prohibit corruption in any form, including bribery, facilitation payments, and insider trading.
To ensure we maintain the highest standards of ethics and integrity, we established the Japan
Renewable Energy Group Code of Conduct. Compliance with this code of conduct is monitored byour risk management department, which is responsible for drafting and updating our supplementarycompliance manual that is disseminated through compliance training for directors and employees.
We also aim to engage with our business partners to eliminate the risk of corrupt practices
throughout our value chain.
Contact desks
We have established a contact desk to allow employees (including persons who left the company
within the last one year) to report violations or suspected violations of corporate compliance by ourstaff members or officers.
Since January 2021, we have also been operating an external contact desk on our website forour business partners.

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Sustainability Data
Indicators

Total capacity in operation (MW) as of December 31*1

Company Overview
2018

2019

2020

2021

Japan Renewable Energy Corporation

Location

Roppongi Hills North Tower 10F, 6-2-31 Roppongi, Minato-ku, Tokyo, 106-0032, Japan
TEL: +81-3-6455-4900 FAX: +81-3-6455-4901

FoundedAugust 20, 2012

Capital, capital reserves, etc.

40 billion yen

Investors

ENEOS Corporation, Sumitomo Mitsui Trust Bank, Limited

Number of employees

207

Executives

Board of Directors and Corporate Auditors
President and CEO, Representative Director
Kazuhiro Takeuchi
Executive Vice President and COO, Representative Director Takahisa Nakagawa
Members of the Board
Masahide Morita
Arisa Katsuki
Atsuji Yamaguchi
Audit & Supervisory Board Members
Masafumi Mori
Soichiro Tanaka

295

345

419

542

Solar (MW)

256

282

347

419

Onshore wind (MW)

39

39

48

99

-

24

24

24

116

393

410

333

345,091

505,075

598,211

663,532

Solar (MWh)265,862

321,523

365,282

394,541

Onshore wind (MWh)79,22982,85895,841

108,702-100,694

137,089

160,289

Annual amount of CO2 reduction effect*2 (t-CO2)

165,904

227,984

267,763284,449

Total generated renewable energy (MWh)366,480

532,146

639,874

699,443

2,941

4,326

4,904

4,737
(952)

20

15

0

0

4

2

2

3

32

37

24

32

Number of local employees*6

22

37

40

45

Number of employee-related incidents*7 (including lost-time injuries)

1 (0)

4 (1)

2 (0)

1 (0)

August 2012

Number of construction contractor-related incidents*7 (including losttime injuries)

Founded in Minato-ku, Tokyo, with renewable energy-based power generation and electric
power sales as main business purpose

1 (1)

2 (2)

3 (2)

5 (0)

April 2013

Founded JRE Operations Corporation with maintenance/inspection of own power plants asmain business purpose

0

0

0

0

January 2014

Launched commercial operation of first power plant developed by JRE, the 0.9MW Namegata
Solar Power Plant

Number of employees*8

169

215

249

256

April 2014

Took over 16MW operating wind power generation facilities in Sakata, Yamagata Prefecture,launched operation of wind power plant

Percentage of female employees (%)

28

24

26

28

January 2015

254,000

208,000

100,000

165,040

Launched commercial operation of one of largest solar power plants in east Japan, the39.2MW Mito Newtown Mega Solar Park

September 2015

Made Eco Green Co, Ltd. (current Eco Green Holdings Co., Ltd.) a consolidated subsidiary
Became first renewable energy single-business firm in Japan to participate in The United
Nations Global Compact

Biomass (MW)
Total capacity under construction (MW) as of December 31
Total renewable energy sold (MWh)Biomass (MWh)Purchased energy*3 (MWh)(including energy purchased with non-fossil fuel energy certificates)
Time spent through employee volunteering for events JRE recruited*4(days)
Number of large-scale events held (e.g., site tours planned by JRE,
lessons delivered)*5
Number of small-scale events held (e.g., site visit tours held uponrequest)*5

Number of fatalities

Average training cost per employee (JPY/year)

JRE Group 391 (as of December 31, 2021)

Chairman & Executive Officers
ChairmanPresident and CEO
EVP and COO
Managing Executive Officers
Executive Officer
Description of business

Shigeru Yasu
Kazuhiro Takeuchi
Takahisa Nakagawa
Tadashi Ibusuki
Kiyoshi Doi
Masahide Morita
Koki Yoshino

Preliminary surveys, planning, design, materials procurement and sales, civil engineering,
electrical service, construction, operation, maintenance and inspection work, and electric
power sales pertaining to power generation plants (wind, solar, biomass, and other naturalenergy-based power generation)

History

Number of reports to the hotline

7

2

2

1

April 2016

Number of group compliance trainings conducted for each subject

7

5

5

5

August 2016

Launched commercial operation of our first power plant publicly offered, Niigata Umibenomori Solar Park

Number of compliance trainings conducted by e-learning

12

12

12

12

September 2016

Launched commercial operation of first wind power plant developed by JRE, the 16MW
Nakakyushu Onitayama Wind Farm

October 2017

GIC Private Limited invested in JRE

January 2018

Launched commercial operation of Hibikinada Wind Energy Research Park, our first hybrid
power plant (wind and solar)

May 2019

Launched commercial operation of first biomass power plant developed by JRE, the 24.4MW
JRE Kamisu Biomass Power Plant

January 2022

ENEOS Corporation became our major shareholder*1 The total capacity in operation includes the power plant (1.8 MW) in Taiwan acquired in 2020. Not included in other line items.
*2 Calculated by multiplying the amount of purchased energy (deducting the amount purchased with non-fossil fuel energy certificates) by emission factors foreach electric utility that we supply power to (as of December 31 each year) in accordance with the Act on Promotion of Global Warming Countermeasures*3 Energy purchased from outside for power generation and office use; energy purchased with non-fossil fuel energy certificates shown in parentheses*4 Due to COVID-19, in 2020 and 2021 we did not send employee volunteers.
*5 Due to COVID-19, in 2020 and 2021 there was a period of time when we did not hold events or accept visitors.
*6 Local personnel recruited from the area where power plants and located*7 Total number of labor injuries of lost-time accidents (lost for one day or more) and lost occupational accidents caused by labor, and the number of sufferers ofcommuting injuries*8 The sum of Japan Renewable Energy Corporation and JRE Operations Corporation

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Company name

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