Environmental Initiatives

Environmental Policy

Takara Leben Group environmental policy
The Takara Leben Group is committed to the corporate vision of "THINK HAPPINESS AND MAKE THE
HAPPINESS,” to contribute to the creation of cities where all people can live with peace of mind. We
think more about tomorrowʼs happiness than anyone else and propose the creation of a sustainable
environment that is friendly to the Earth.
1. Providing environmentally friendly buildings and spaces
We will strive to improve environmental performance, reduce environmental impact, and actively incorporate
environmentally friendly technologies and ideas into our products and services to help address global warming andcreate a recycling-oriented city.
2. Addressing climate change
We will contribute to reducing greenhouse gas emissions and mitigating climate change issues through the eﬃcientuse of energy, the development and operation of renewable energy generation facilities, and the utilization ofrenewable energy.
3. Maintenance and conservation of biodiversity
In all of our business activities, we will strive to reduce the impact on, and conserve, biodiversity by taking into
consideration the risks that may aﬀect the surrounding ecosystems and biodiversity, conducting appropriate risk
management, and giving due consideration to environmental conservation in accordance with the natural and social
conditions of the region.
4. Promotion of resource recycling
We will work to conserve the water environment and reduce waste, and, through the promotion of the 3Rs (reduce,reuse, recycle), we will strive to reduce our environmental impact and contribute to the formation of a recyclingoriented society.
5. Compliance with environmental laws and regulations and environmental education
We will comply with environmental laws, regulations, and other relevant laws and regulations, and we will raise theenvironmental awareness of our employees through education and awareness activities on the environment.
6. Establishment of environmental management
We will promote appropriate environmental management by setting and periodically reviewing environmental targets.

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Climate Change Initiatives
Takara Leben's perception of climate-related issues
We recognize the resilience of our business to climate change and climate-related challenges as follows:
The progression of climate change is a scientific fact, as demonstrated by the Paris Agreement, the IPCC
Special Report, and the IPCC Sixth Assessment Report. We recognize that the progression of climate change
will cause dramatic changes in the natural environment and social structure and that it is a challenge that will
have a significant impact on our management and overall business.
As a result of ongoing climate change, weather and climate disasters, such as more intense typhoons andtorrential rains and more frequent heat waves and droughts, are expected to occur and expand, alongside a
progressive rise in global sea levels, which may have a significant impact on our business.
As part of a worldwide effort to mitigate climate change, we anticipate a shift toward decarbonization of thesocial economy, including the establishment of frameworks to reduce greenhouse gas emissions and stricter
emission regulations, and these changes could have a significant impact on our business.
Recognizing that climate change is a systemic risk in finance, many stakeholders, including investors, aredemanding disclosure of information on climate-related risks and opportunities. In particular, we recognize that
improving transparency through the promotion of climate-related risk disclosure, in line with therecommendations of the Task Force on Climate-related Financial Disclosure (TCFD), is a critical issue for ourcompany.
Identifying, assessing, and managing the risks and opportunities posed by climate change and enhancing theresilience of our business is essential to ensure our sustainable and stable earnings over the long term.

Governance
The following governance structure has been established to address climate-related risks and opportunities.
The Chief Executive Officer for climate-related issues is the Representative Director, and the Executive Officer
is the Director in charge of sustainability.
The Chief Operating Officer reports regularly to the Chief Executive Officer on matters related to climatechange response, including identification and assessment of climate change impacts, management of risks andopportunities, progress of adaptation and mitigation efforts, and establishment of indicators and targets, at the
Sustainability Committee meetings. After deliberation and consideration of each agenda item by the attendeesof the Sustainability Committee, decisions are made by the Chief Executive Officer.

Strategies
We establish a process for identifying, evaluating, and managing the impact of climate-related risks andopportunities on our business activities, strategies, and financial plans and operate it appropriately.
In identifying and assessing climate-related risks and opportunities, we aim to do so systematically andobjectively, utilizing scientific and academic knowledge.

Managing risks and opportunities
By managing identified climate-related risks/opportunities and promoting resilience initiatives, we aim to
reduce business risks and realize value creation opportunities to ensure sustainable and stable earnings overthe long term.

Indicators and targets
We establish indicators and targets for managing climate-related risks and opportunities that are consistent
with our operational strategy and overall risk management.
The Company agrees with the TCFD recommendations and disclose climate-related information in line with therequirements of the guidelines.

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Repeal and revision
The Sustainability Committee approves this policy and any amendments or revisions to its content.
At least once a year, the Sustainability Committee reviews the content of this policy to ensure that it isappropriate for our approach to climate-related issues.

Environmental Data
The Group's Scope 1 and Scope 2 greenhouse gas (CO₂) emissions and energy consumption are shown below:

Greenhouse gas (CO₂) emissions
Category

Unit: t-CO₂

FY2020

FY2021

Remarks

Scope1

374

378

Scope2

1,585

1,646

Total

1,959

2,023

Combustion of city gas, LPgas, kerosene, gasoline
Use of electricity and coldwater

* The scope of environmental data calculation covers the Takara Leben Group (11 consolidated companies).
* The period covered is FY2020 and FY2021 (April 1, 2020 to March 31, 2022).

* The ﬁgures for FY2021 are provisional and subject to change.
* The Group excludes greenhouse gases other than CO₂ (chloroﬂuorocarbons, etc.) because of their extremely small amounts, and it
only calculates and reports CO₂ emissions.

Energy consumption

Unit: kL of crude oil equivalent
FY2020

FY2021

Electricity

915.2

985.9

City gas

3.2

0.5

LP gas0.0

0.4

Gasoline

140.8

144.4

Kerosene

0.7

0.3

Cold water

1.2

0.4

1,061.1

1,131.9

Total* The scope and period covered by the energy data are the same as for CO₂.
* The values for FY2021 are provisional and subject to change.
* Crude oil conversion is a measure to compare the size of diﬀerent energy sources, such as electricity and gas.

77Renewable Energy

Energy Business
The Takara Leben Group conducts energy business utilizing renewable energy that contributes to reductions in
the emissions of CO₂, a greenhouse gas. We develop mega-solar power facilities at places such as on idle land
for large-scale solar power generation.
Since entering this business in 2013, we have been involved in developing many mega-solar power facilities
centered on the Kanto area. Total power generation is approximately 310 MW as of the end of March 2022, andwe acquired our first wind power plant, Leben Wind Plant Nagasaki Tsushima Power Generation Facility inNovember 2021.

List of renewable energy generation facilities
TohokuAomori Prefecture●

LS Aomori Hiranai Power Generation Facility

Miyagi Prefecture
LS Miyagi Osato Power Generation Facility● LS Miyagi Sendai A & B Power Generation Facility● LS Miyagi Osato 2 Power Generation Facility● LS Miyagi Ohira Power Generation Facility● LS Miyagi Matsushima Power Generation Facility●

Fukushima Prefecture
LS Fukushima Yamatsur Power Generation Facility
LS Fukushima Kagamiishi 1 and 2 Power
Generation Facility● LS Fukushima Tamura Power Generation Facility●●

Iwate Prefecture
LS Iwate Hirono Power Generation Facility● LS Iwate Hachimantai Power Generation Facility●

Kanto-Koshinetsu
Ibaraki Prefecture
LS Koga Onanuma Power Generation Facility● LS Tone A, B, and C Power Generation Facility● LS Chikusei Power Generation Facility● LS Tsukuba Bouchi Power Generation Facility● LS Miho Power Generation Facility● LS Mito Takada Power Generation Facility● LS Tone Fukawa Power Generation Facility● LS Sakuragawa 3 Power Generation Facility● LS Kamisu Hasaki Power Generation Facility● LS Hokota Power Generation Facility● LS Sakuragawa 2 Power Generation Facility● LS Inashiki Aranuma 1 Power Generation Facility● LS Sakuragawa Nakaizumi Power Generation
Facility● LS Sakuragawa 4 Power Generation Facility● LS Sakuragawa Shimoizumi Power Generation
Facility●

LS Sakuragawa 1 Power Generation Facility
LS Inashiki Aranuma 2 Power Generation Facility● LS Takahagi Power Generation Facility● LS Ibaraki Kasumigaura Power Generation Facility● LS Sakuragawa Makabe Power Generation Facility●●

Tochigi Prefecture
LS Shioya Power Generation Facility● LS Nasu Nakagawa Power Generation Facility● LS Fujioka A Power Generation Facility● LS Fujioka B Power Generation Facility● LS Shioya 2 Power Generation Facility●

Kinki
Wakayama Prefecture●

LS Shirahama Power Generation Facility

Chugoku
Hiroshima Prefecture●

LS Hiroshima Mihara Power Generation Facility

Tottori Prefecture●

LS Tottori Daisen Power Generation Facility

Okayama Prefecture●

LS Okayama Tsuyama Power Generation
Facility

Nagano Prefecture●

LS Nagano Shiojiri Power Generation Facility

Tokyo Metropolitan Area
Saitama Prefecture●

LS Hanno Misugidai Power Generation Facility

Chiba Prefecture
LS Chiba Wakaba-ku Power Generation Facility
LS Sosa Power Generation Facility● LS Chiba Sammu East and West Power Generation
Facility● LS Chiba Narita Power Generation Facility● LS Chiba Katsuura Power Generation Facility
●
●

Chubu
Shizuoka Prefecture●

LS Shizuoka Omaezaki Power Generation
Facility

Kyushu and Okinawa
Nagasaki Prefecture
LS Nagasaki Isahaya Power Generation Facility
LS Nagasaki Sasebo Power Generation Facility● LWP Nagasaki Tsushima Power Generation
Facility●●

Kagoshima Prefecture
LS Kirishima Kokubu Power Generation
Facility● LS Kagoshima Kanoya Power Generation
Facility● LS Kirishima Kokubu 2 Power Generation
Facility● LS Kagoshima Tanegashima Power
Generation Facility●

Miyazaki Prefecture●

Aichi Prefecture●

LS Aichi Toyohashi Power Generation Facility

Okinawa Prefecture

Mie Prefecture●

LS Miyazaki Miyakonojo Power Generation
Facility

LS Mie Yokkaichi Power Generation Facility●

LS Miyakojima Gusukube Power
Generation Facility
etc.

Total power generation:
Approx.

310MW
wholesale* Including
portion78

Biomass Power Generation
In 2021, Takara Leben entered the biomass power generation business for the first time in the companyʼshistory. The Fuji Asagiri Biomass Power Plant (Fujinomiya City, Shizuoka Prefecture), which is currently in trial
operation to start selling electricity in FY2022, generates biomass power using cattle manure collected frommembers of the Fuji Kaitaku Agricultural Cooperative Association. The power plant generates electricity byburning biogas generated from the fermentation process of cattle manure, which emits less CO₂ than the direct
combustion of wood waste and combustible waste. The liquid fertilizer produced with the biogas will bemarketed as Fuji Asagiri Biomass Liquid Fertilizer.
This project is the second renewable energy power generation project, after the solar power generation project,and is also an initiative to build a regional recycling-oriented symbiosis zone that supplies clean energy while
effectively utilizing waste materials and solving the problem of disposal of cattle manure.

LS Chiba Sammu East & West Power Plants Sign Speciﬁed Wholesale
Supply Agreement with Minna Denryoku Co.
In September 2021, Takara Leben Infrastructure Fund concluded a specified wholesale supply agreement with
Minna Denryoku Co. (currently UPDATER, Inc.) Minna Denryoku is developing a service that connects electricity
producers and users with renewable energy sources. It aims to promote a decarbonized society and the spreadof renewable energy by supplying electricity produced at the LS Chiba Sammu East & West Power Plants tohouseholds that choose energy with a low environmental impact and to companies that practiceenvironmentally friendly management through Minna Denryoku.

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Measures to Reduce CO₂ Emissions
Takara Leben Infrastructure Fund seeks to create eco-friendly, sustainable environments by investing in
renewable energy power generation facilities and other projects. Its efforts contribute to reducing CO₂
emissions by approximately 77,328 tons* annually.
* Annual amount of reduction of CO 2 emissions compared to fossil fuel-fired thermal power plants based on the output of power
generation facility panels.

Takara Leben Sustainability Fund
Takara Leben has begun operation of new means of financing with the aim of encouraging measures that contribute to theglobal environment. Leben Funding LLC. was established in January 2021, and in collaboration with Funds, Inc., it
launched the Takara Leben Sustainability Fund #1～3 and conducted crowdfunding to solicit loan investments from a wide
range of investors. The collected funds will be used as working capital for renewable energy projects and Sustainability(CSR) measures.

Individual
investors

Loan fundonline market

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TakaraLeben

Providing Environmentally Conscious Products & Services

LEBEN NAGANO NAKAGOSHO THE PEERLESS ZEH Condominium
LEBEN NAGANO NAKAGOSHO THE PEERLESS (Nagano Prefecture) is a ZEH condominium* with unprecedented
environmental value offered by Takara Leben, through its initiatives such as peak power usage control using
IoT, energy conservation in private areas through all-electrification and collectively electricity receiving, andCO₂-free electricity supply. This is the first condominium certified as "ZEH-M Oriented," which is a project
presented by the Ministry of the Environment to promote CO₂ reduction in new housing complexes and existinghouses, among Takara Leben properties and in Nagano Prefecture.
* Condominiums developed under the ZEH (net Zero Energy House) scheme that aims to achieve the net zero target of annual primary energy
consumption through energy conservation by improving thermal insulation efficiency and installing highly efficient equipment and systems,
while maintaining comfortable interior environment.

ISO 14001 Certiﬁcation Acquired
At Leben Home Build, we consider proactive initiatives to deal with environmental issues to be an importantmanagement issue. Therefore, we acquired ISO 14001 certification—the international standard forenvironmental management systems—in 2008.
The execution of ISO 14001 at Leben Home Build follows our management manual and is audited annually byan external agency. For FY2021, an on-site audit by an external agency was conducted in May, and we haverenewed our existing certification.

Details of Leben Home Buildʼs initiative
Separate waste at construction sites and encourage
recycling.

Encourage the use of environmentally friendly andcompact vehicles as company vehicles.

Carry out waste separation and reduction at eachbusiness location.

Adopt plans, designs, and proposals for saving energy.

81Social Contribution and Recovery Activities

Tohoku-Miyagi Online Revive Marathon 2021
Takara Leben has been a supporter of the Tohoku-Miyagi Revive Marathon since FY2019 with the aim ofsupporting recovery from the 2011 Great East Japan Earthquake. Since FY 2020, the marathon has been held as
the “Tohoku/Miyagi Online Recovery Marathon,” which can be held even in situations where people cannot
gather due to the spread of the new COVID-19. Participating runners download a GPS training application totheir smartphones, select a course of their choice from Iwate, Miyagi, or Fukushima, and aim to complete thetarget distance within the event period. The total distance run by all runners is donated to reconstruction
support organizations in each affected area. Twenty-three employees from the Takara Leben Group participatedin this event.

Donation to the “Chinju-no Mori Project"
In the Great East Japan Earthquake, deeply rooted trees mitigated the force of the tsunami, and in the Great
Kanto Earthquake and the Great Hanshin Earthquake, disaster prevention forests played an important role instopping large fires. One of the irreplaceable symbols of Japanʼs forests is the “Chinju-no-mori” (Shrine Forest)
that surrounded shrines. Takara Leben Tohoku supports and donates to the “Chinju-no Mori Project,” whichaims to support disaster-prone Japan by creating as many forests as possible modeled after the “Chinju-noMori” forests that nurture animal and plant life, bring minerals to fields, seas, and rivers, and protect
communities and lifestyles.

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Donation to Meals on Wheels Logistics System
Takara Leben Tohoku donates to Meals on Wheels Logistics System as part of its efforts to contribute to theachievement of the SDGs and the revitalization of the Tohoku area. This activity, promoted by the Japan Food
Support Activities Cooperative Association, aims to create an environment where all people, including children
and the elderly, who gather at children's cafeterias and other places across the country, can obtain meals. We
have established a system to deliver food donated by various organizations and municipalities to approximately
1,800 locations and child support groups via 37 logistics centers (locations/warehouses withfreezing/refrigeration facilities for food, matching coordination of donated food) and 76 hubs (branches wheregroups pick up food).

Issuance of Private Placement Bonds to Support Medical Professionals
In September 2021, Takara Leben Tohoku issued “Private Placement Bonds for Supporting Medical
Professionals” to support medical professionals who are making daily efforts to combat the new COVID-19
infection. The bonds are a product in which a portion of the commission received by The Bank of Akita upon
issuance (0.2% of the issue amount) will be donated to medical institutions working to combat the novel
COVID-19 infection. In November 2021, the Bank made a donation to Meiwakai Nakadori General Hospital(Akita Prefecture).

Donation to Good Neighbors Japan
Good Neighbors Japan is a non-profit organization operating in Japan and abroad with a vision of “a society
where children are full of smiles and everyone can live humanely” and a mission of “working with partners inJapan and abroad to eliminate the causes of poverty and discrimination and the threats posed by disasters andconflict.”
In Japan, as a project to address child poverty, we operate the “Good Gohan” program, which regularly
distributes food to single-parent households. Takara Leben Infrastructure Fund and its asset managementcompany, Takara Asset Management support the activities of Good Neighbors Japan and make donations to theorganization.

Donation to NPO KATARIBA
Takara Leben Infrastructure Fund and its asset management company, Takara Asset Management have donatedto a non-profit organization certified by the Tokyo Metropolitan Government, KATARIBA. This organization
provides educational support to children in Japan who have been deprived of opportunities to study due toreasons such as a disaster or poverty. Donations are used for activities such as creating a place for children to
spend their after-school hours for free and providing study support and meal support.

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TABLE FOR TWO
Takara Leben continues to donate to TABLE FOR TWO International, a non-profit organization that seeks tosolve the global problem of food inequality. Since November 2018, as part of our diversity promotion efforts, wehave been distributing vegetables cultivated at the Leben Village, a farm that employs those with disabilities,
to anyone within the company who so desires. At the same time, we collect \50 for each bag of vegetables. As
part of the activity costs for FY2021, we donated \5,400 in October 2021 and \13,270 in April 2022.

Japan Children Support Association Joined, Donation Made
Takara Asset Management and Takara Leben Infrastructure Fund, to which Takara Asset Management
outsources asset management operations, has joined and made a donation to the specified non-profit
organization “Japan Children Support Association.” The mission of the association is to permanently solve thecycle of child poverty and violence, and it provides support for foster parents and child raising so that children
can live with peace of mind. Supporting the association is also linked to the SDGs.

Takara Leben Cleanup Activities
The Takara Leben Group aims to be a company that contributes to the development of local communities
through real estate. Each of the companies in the Group engages in social contribution activities.
Takara Leben Tohoku regularly cleans the Aoba-Dori street in front of its head office and the areas aroundcondominium construction sites in order to beautify the areas where people live.
In addition, Takara Leben Nishinihon is registered as a participating company in the “Petit Beautification
Campaign,” a cleanup campaign promoted by Matsuyama City, and is regularly engaged in cleanup activities not
only in Matsuyama but also in Fukuoka to promote the creation of a beautiful city.
Similarly, Leben Home Build also conducts regular cleanups around its offices.

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Support for Sports and Culture

Nippon TV Tokyo Verdy Beleza
In February 2021, Takara Leben signed a corporate partner agreement with Nippon TV Tokyo Verdi Beleza,
Japanʼs leading women's soccer team, to provide the experience of excitement and joy that sports can bring.
In November, we held “Takara Leben Day,” a crown game in the tenth round of Japanʼs first professional
womenʼs soccer league, WE League, versus Omiya Ardija VENTUS. On the day, we distributed novelties tovisitors, promoted Takara Leben by displaying our logo signboard, and invited elementary school students fromItabashi Ward, Tokyo, where our company was founded, to “Takara Leben Presents Itabashi Ward Soccer Festa”
to enjoy playing soccer on the coveted pitch where professionals play matches.

Ehime SDGs Koshien
In commemoration of its 50th anniversary, the Takara Leben Group is holding an event to raise awareness of
the SDGs among high school students, who are the future. Takara Leben Co., Ltd., Takara Leben West Japan
Co., Ltd., and Leben Community Co. Ltd. have jointly been special sponsors of “Ehime SDGs Koshien - HighSchool Students' SDGs Practice Project” (sponsor: NPO Association for Regional Education Support) since
March 2022. In this project, 12 teams (82 students) of high school students interested in the SDGs learn thebasics of the SDGs, such as poverty issues, climate change, and gender equality, and then decide on a theme
based on local issues and their living environment to make presentations. Participating high school students
will also be part of the jury to evaluate the results of each otherʼs activities and select the grand prix winner.

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Environmental Photo Contest
Takara Leben participated in the 28th Environmental Photo Contest 2022 (sponsored by President Inc. and supported by
the Ministry of the Environment and the Institute for Environmental Civilization), in which citizens take photos based on atheme set by the company and express their thoughts and commitment to the environment through a joint effort between
the company and citizens. Based on the companyʼs commitment to solving social issues with the keyword “happiness,”many entries were received for the Takara Leben Award, which was solicited under the theme of “Happiness in Water andLife.” After a rigorous screening process, the Excellence Award was presented to “First Hand Push Pump,” an impressive
work showing water pumped from a well and the joyful expressions on the faces of children.

Honorable Mention “Playing with
Water Rather Than Flowers”

Excellence Award “First Hand Push Pump”

Honorable Mention “Vegetable
Washing”

grape Award 2021
The “grape Award,” sponsored by the Nippon Broadcasting System Groupʼs web media “grape,” is a contest that
calls for essays that touch the heart. In 2021, the theme of the contest was “Heartwarming episodes that
happened around me” and “Stories that heal my heart.” Three hundred and seventy-six submissions werereceived from a wide range of ages, from 13 to 85. Takara Leben has been a special sponsor of the “grapeAward” for four consecutive years, presenting the “Takara Leben Award” to a work that is particularly “happy”
and befits our corporate vision of “THINK HAPPINESS AND MAKE THE HAPPINESS.”86

MOMAT Corporate Partnership
The National Museum of Modern Art, Tokyo, a major center for art in Japan, is promoting the MOMAT Corporate
Partnership as a new museum support system in which companies and museums work together as partners.
Takara Leben has been a partner company of the MOMAT Support Circle since July 2021, supporting theactivities of the National Museum of Modern Art, Tokyo (including exhibition organization, research andsurveys, collection and storage of artworks, educational dissemination activities, and museum management
projects), which provide happy moments to the public through artworks of high cultural value. Through thisinitiative, Takara Leben also aims to contribute to the cultivation of culture and provide employees with
opportunities to experience outstanding works of art.

Takara Leben Tohokuʼs Eﬀorts to Preserve Culture
The Takara Leben Group undertakes community development that looks to the future while preserving local
cultural assets. During construction of THE LEBEN SENDAI OTEMACHI, which was developed on the site of aformer Samurai residence near Aoba Castle in Sendai City, Miyagi Prefecture, Takara Leben Tohoku donated theremains of tiles, ceramics, and other artifacts from the Edo and Meiji Periods to municipal authorities. In
addition, the exterior design of the building is based on the Kake Zukuri architectural style favored by Date
Masamune, the first Lord of the Sendai clan, and by retaining the design that captures the historicalbackground of the area, we are working to pass on the history and culture of the region.

87

Revitalizing Local Communities through Sponsorship of ProfessionalSports Teams
As an official sponsor, Takara Leben Tohoku supports three professional sports teams based in Sendai: Vegalta
Sendai in the J-League, the Tohoku Rakuten Golden Eagles in professional baseball, and the Sendai 89ers in
the B-League. Through sponsorship of each team, we are committed to the promotion of local sports andregional revitalization, and we will continue to contribute to the happiness and development of local
communities.

88