Sustainability

Social and Environmental Initiatives of the FJ Next Group

Adoption of environmentally-friendly materials and fixtures

common areas

LED lighting used in common areas (partial) and private areas

LED lighting is used for part of the common area and all lighting in the private area. Energy saving equipment with low power consumption (about 85% reduction of incandescent bulb) and long life (more than about 20 times that of incandescent bulb).
In addition, the ceiling light of the exclusive part has a dimming function as a standard specification, so you can use it while conscious of saving yourself.

flooring

Eco-friendly plywood used for flooring

We use environmentally-friendly wood flooring, such as plywood made from planted trees, and sustainable (sustainable) wood that effectively uses the sawn wood from sawn timber and domestic thinned wood. (Excluding some)

EB Cloth

Low formaldehyde specification

As a measure against sick houses, we use “F ☆☆☆☆” with low formaldehyde emission for interior materials.

shower head with one-click stop

Water-saving combination faucet and shower head with one-click stop

The Company uses an environmentally-friendly and water-saving combination faucet with a single-lever design, and a water-saving shower head with a stop button which users push by hand in order to avoid wasting water.

Air conditioners that comply with energy-saving rules

Air conditioners that comply with energy-saving rules are standard equipment

*Limited to units equipped with air conditioners.

water-saving toilet

Use of a water-saving toilet series

The Company uses a water-saving toilet series that achieves a significant increase in water-saving efficiency when compared to conventional products.

Greening efforts

The Gala Condominium series promotes rooftop greening as a part of measures against the heat island phenomenon.

rooftop greeningrooftop greening

Participation in "Fun to Share"

  • The Group participates in a climate change program called "Fun to Share," which is held by the Ministry of the Environment. As part of the program, we implement the following ecological activities within the Company.
  • Cool Biz and Warm Biz (Super Cool Biz in summer)
  • Switching to LED for office lighting
  • Recycling used clear holders
  • Effective use of vinyl umbrellas (sharing unused spare umbrellas within the Company)
  • Establishment of a company library (recycling unnecessary books and magazines as an in-house library)

Participation in “BRING UNIFORM™”

We sympathize with the concept of “BRING UNIFORM™” for the realization of a sound material-cycle society, and are participating in efforts to eliminate the disposal of corporate uniforms.
The Group promotes the recycling of uniforms worn by patrol employees, life managers (condominium managers), and clean staff engaged in condominium management operations for the purpose of reducing CO2 emissions.

Support for environmental conservation activities of Akagi Nature Park

Akagi Nature Park

We support environmental preservation of Akagi Nature Park, a vast forest of about 12.8 million square feet at the western base of Mt. Akagi in Gunma prefecture. For nearly 30 years, under the policy of "instead of growing flowers ourselves, we develop the proper environment to foster their natural growth," the park has been improving the environment of the original forests and thickets. Today, the park is full of natural flowers, trees, insects, animals, and precious plants. Visitors can experience the beauty of Japan's four seasons. Species of flora and fauna found in the garden: 1,810 insects, 77 birds, 15 mammals, 152 tree species, 510 plant species

Afforestation activities

The Company is an official supporter of Green Site License.
We are planting trees in developing countries (in Africa and Asia) through Green Site License.

Information Disclosure Based on TCFD RecommendationsTask Force on Climate-Related Financial Disclosures

The FJ Next Group recognizes that climate change is a significant management issue that will affect business continuity, and is working to analyze and evaluate the financial impact of climate change-related risks and opportunities on our core businesses.

Governance

Our Risk Compliance Committee will analyze and evaluate risks and opportunities, including those related to the climate and other environmental factors, and consider countermeasures. Board Directors will receive reports from the Risk Compliance Committee as appropriate, consider and resolve countermeasures as necessary, and monitor the progress of countermeasures.

Governance

Strategy

We regard "climate-related risks" as one type of medium- to long-term risk, and in order to consider strategies and organizational resilience that take into account related risks and opportunities, we referred to climate change scenarios (1.5°C scenario and 4°C scenario) set out by the IEA (International Energy Agency) and the IPCC (Intergovernmental Panel on Climate Change), considered the impact on our company up to 2030, and conducted a scenario analysis on our group's mainstay real estate development business.

  • We conducted a quantitative analysis of the transition risks of the 1.5°C scenario and estimated the impact on our consolidated financial figures.
    (※1.5℃ scenario: A scenario in which measures such as strengthened regulations and market changes are taken to limit the rise in temperature to 1.5℃ by the end of this century.)
    (※4°C scenario: A scenario in which rising temperatures result in physical impacts such as abnormal weather.)

Going forward, we will continue to consider countermeasures focusing on risks and opportunities that have a large impact on our business, and by linking these with our business strategies as necessary, we will strive to improve our resilience and contribute to the realization of a decarbonized society.

Risk management

The Risk Compliance Committee will identify and evaluate climate-related risks through scenario analysis. The risk management process involves identifying climate-related risks related to our Group's business, assessing the impact of the risks based on the likelihood of occurrence and the magnitude of their impact, and, if necessary, analyzing the financial impact and considering countermeasures. If there is a possibility of a climate-related risk with a large impact occurring, the Risk Compliance Committee will develop countermeasures and the Chairman will report them to the Executive Committee or Board Directors, which will then comprehensively deliberate and make a decision at the Board of Directors.

Indicators and Goals

In order to evaluate and manage the impact of climate change issues on our business, the Group has set total greenhouse gas (CO2) emissions (Scope 1 and 2) as an indicator.

Scope1 Scope2(Market Standards) Scope 1 and 2 total
21.53 t-CO2 221.81 t-CO2 243.34 t-CO2

※Estimation subjects: FJ Next Holdings Co., Ltd., FJ Next Co., Ltd., FJ Next Residential Co., Ltd.
We are promoting efforts to reduce greenhouse gas emissions and are considering reduction targets.


≪Major risks, opportunities and responses related to climate change (Real estate development business)≫
Section Classification Item Impact details Impact Our company measures
Transition risks (1.5℃ scenario) Policies/Regulations Introducing carbon pricing Increase in construction costs for new condominiums and decrease in consolidated operating profit arrow ○Consult with design and construction companies regarding future research and support for recycled materials and low-carbon materials (such as low-carbon concrete)
Products/Services Strengthening energy conservation regulations Increased costs to meet improved environmental performance arrow ○High added value through improved environmental performance
Policies/Regulations Introduction of carbon pricing (carbon tax, etc.) Increased costs for our own use arrow ○Measures for our own office (rented)
A. Promoting energy conservation activities (power saving and updating to high-energy-efficiency equipment)
B. Switching to a renewable energy electricity menu
Physical risks (4°C scenario) Radical Wind and flood damage to construction sites Damage to construction sites caused by river and coastal flooding, resulting in work delays and increased construction costs arrow ○Promoting countermeasures together with construction companies
A. Developing disaster prevention/mitigation and BCP-related technologies
B. Developing and utilizing hazard maps with added knowledge
C. Obtaining pinpoint weather information
D. Encouraging "construction work insurance," "civil engineering work insurance," "assembly insurance," etc. according to the content of the work
E. Calling for the formulation of disaster prevention plans, including flood prevention measures, before construction begins
Radical Damage caused by natural disasters at construction material suppliers Suspension of operations and increased construction costs due to damage to suppliers arrow ○Together with construction companies, we are building a BCP system integrated with the supply chain and conducting regular training.
Chronic Rising temperatures will increase construction costs Lower productivity and higher construction costs arrow ○Further promote labor-saving and mechanization of construction work
(Consult with construction companies)
- Promote PC construction methods, mechanize construction work, share information remotely
Radical Accelerating deterioration due to rising temperatures Increased inspection and repair costs for rental apartments owned by our company
- Increased breakdowns of air conditioning equipment, earlier peeling of paint, and corrosion of building structures
- Damage to buildings due to wind and flood damage
arrow A. By constructing buildings using long-life construction methods, inspection and repair costs can be reduced.
- Uses highly durable wall materials, etc.
- Adopts highly durable buildings and air conditioning equipment, etc.
B. Overall cost reduction by increasing inspection frequency and repairs based on inspection results
Chronic Increased air conditioning equipment in owned rental properties due to rising annual temperatures Increased costs for air conditioning equipment
(initial investment amount/replacement costs, maintenance costs, air conditioning costs)
arrow ○By improving the environmental performance of the property as mentioned above, the operation of air conditioning equipment is reduced.
Opportunity Reputation Increased investor appreciation for decarbonization efforts Positive impact of promoting decarbonization efforts on fundraising arrow A. Promoting the development of condominiums with improved environmental performance
B. Promoting disclosure of decarbonization efforts
Market Increase in demand for condominiums with enhanced environmental performance Increased sales due to condominiums with enhanced environmental performance arrow ○Capture demand by promoting the development of condominiums with improved environmental performance in the future
[Usage Guide of Impact]
Great impact on business
Medium impact on business
Small impact on business
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