Seibu : Revised and New Environmental Load Reduction Targets Toward Net Zero CO2 Emissions in FY2050 - Group-wide initiatives toward the achievement of the targets including introduction of renewable energy -

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	September 1, 2022
For immediate release
Company Name	Seibu Holdings Inc.
Representative	President & Chief Executive Officer
	GOTO Takashi
	(Code No.: 9024
	Prime Market of the Tokyo Stock Exchange)
Inquiries	General Manager of Corporate Communication
	TATARA Yoshihiro
	(Tel. [phone])

Seibu Group Sustainability Actions

Revised and New Environmental Load Reduction Targets Toward Net Zero CO2

Emissions in FY2050

- Group-wide initiatives toward the achievement of the targets including introduction of renewable energy -

In accordance with the Group Vision, which is the Group's philosophy, Seibu Group is actively promoting initiatives for the realization of a sustainable society, calling them "Sustainability Actions." With the establishment of "Seibu Group's Environmental Policy," the Group has been forging ahead with various environmental initiatives.

Coping with global warming is foremost among these initiatives, and the Group has set an environmental load reduction target (reducing CO2 emissions per unit operating revenue by 25% from fiscal 2018 level by fiscal 2030). Even so, as global warming progresses, we need to accelerate our efforts. Considering the fact and the results of qualitative and quantitative analyses performed within the company, such as study of climate risks and opportunities and scenario analyses, and to ensure steady reduction of emissions, we will make revisions and add new targets to the current environmental load reduction target.

✓CO2 emissions reduction targets (Revised/Some are newly established) Long-termtarget: Net zero emissions in FY2050

Medium-term target: 46% reduction from FY2018 level by FY2030

Short-term target: 5% reduction on a year-over-yearbasis every fiscal year✓Target rates of renewable energy (Newly created)

Long-term target: 100% in FY 2050, Medium-term target: 50% in FY2030

From now on, with the aim of achieving those targets and coping with associated climate change risks and opportunities, the Group will make unified efforts to actively promote adequate measures for the "reduction of energy consumption," "energy transition," and "absorption of CO2 emitted."

Seibu Group's vision of society in 2050

• Revised and new environmental load reduction targets

CO2 emissions reduction targets (Revised/Some are newly added)

In order to further reduce CO2 emissions, the target of achieving net zero CO2 emissions in fiscal 2050 will be set as the new long-term target. In order to attain the long-term target, the current target toward fiscal 2030 will be set and made more stringent as the medium-term target, the milestone toward the long-term target, aiming to achieve a reduction of 46% from fiscal 2018 level by 2030. Furthermore, a 5% reduction on a year-over-year basis every fiscal year will be set as the short-term target. (All group companies are involved)

[New targets]

Long - term target: Net zero emissions in FY2050

Medium - term target: 46% reduction from FY2018 level by FY2030

Short - term target: 5% reduction on a year - over- year basis every fiscal year

Previous target: Reducing CO2 emissions per unit operating revenue by 25% from fiscal 2018 level by

fiscal 2030

Target rates of renewable energy (Newly created)

Targets for the introduction of renewable energy, which is necessary for reducing CO2 emissions, will be set as new

targets.

[New targets]

Long - term target: 100% in FY2050

Medium - term target: 50% in FY2030

(Image toward FY2050)

●Specific measures to achieve the targets

Specifically, "reduction of energy consumption," "energy transition," and "absorption of CO2 emitted" will be promoted to attain the targets. SEIBU REALTY SOLUTIONS INC. will launch the following new initiatives for reducing CO2 emissions. Going forward, in addition to activities to promote decarbonization of power to be consumed at properties in the Group's possession and creation of renewable energy, decarbonization of fuel will also be considered.

(Major measures to be taken)

Increase self-consumption of renewable energy (Energy transition)

Solar power generation under the on-site PPA will start at Karuizawa Prince Shopping Plaza in March 2023. (Approximately 4,000 solar panels will be installed. The 1,770kW output will cover approximately 20% of the facility's total power use, and is expected to reduce CO2 emissions by approximately 870 tons per year.)

Detail：

https://www.seiburealsol.jp/pdf/news/link/20220901_kpsp_hp.pdf

Increase the ratio of renewable energy to 100% (Energy transition)

Following DaiyaGate Ikebukuro, where an operation on 100% renewable energy has started in April 2022, all of the power to be consumed at Tokyo Garden Terrace Kioicho will be shifted to electricity from renewable energy sources in October 1, 2022, realizing net zero CO2 emissions in the operation.

Detail：

https://www.seiburealsol.jp/pdf/news/link/20220901_TGT_hp.pdf

In addition to the initiatives mentioned above, Seibu Group will actively consider and implement further environmental measures, work together with the Group's customers and local residents to realize the "Seibu Group's vision of society in 2050," and thereby work toward the realization of a sustainable society.

(Measures that are currently underway)

（１） Reduction of energy consumption

In the railway business, as transportation with a low environmental load, the introduction of energy-saving railway vehicles and high-efficiency station facilities are being promoted. In the bus and taxi business, the introduction of hybrid vehicles and the use of fuel with less environmental loads are being promoted. Going forward, the renewal of facilities for reduced energy consumption and transition of Seibu Holding's buildings to ZEBs will be continued as measures contributing to the reduction of energy consumption.

※ZEB（Net Zero Energy Building）：https://www.env.go.jp/earth/zeb/

SEIBU Railway

・Introduction of 40000 series with high energy-saving performance

(Three 10 railcars are planned to be introduced in fiscal 2022. Annual power consumption will be reduced by 60% compared to our old railway vehicles)

・Installation of tract energy storage systems and station energy inverters for storing regenerative energy generated when trains brake

・Introduction of LED lighting for the reduction of power consumption

SEIBU Bus, SEIBU Hire, etc.

・Introduction of hybrid buses and taxis

SEIBU REALITY SOLUTIONS

・Replacing real estate facilities with energy-saving ones

・Operation of heating and cooling facilities using geothermal power at Hakone Yunohana Prince Hotel and Manza Prince Hotel

（２） Energy transition

Each group company has been promoting the transition of energy to those that emit no CO2, such as electricity from renewable energy sources. They are continuously working to expand the ways of self-consumption of renewable energies and to procure electricity from renewable sources with the aim of further reducing CO2 emissions.

SEIBU Railway

・Realizing virtually net zero CO2 emissions in the operation of Seibu Yamaguchi Line (also known as the "Leo Liner") by covering all electricity to be consumed there with value added eco-friendly power that is generated at the Seibu Takeyama Solar Power Station operated by SEIBU Railway.

SEIBU Bus

・Introduction of fuel cell buses that use hydrogen fuel

・Introduction of buses using Euglena biodiesel fuel, which emits less CO2

・Introduction of buses using renewable diesel fuel made from waste cooking oil

SEIBU REALITY SOLUTIONS

・Realizing virtually net zero CO2 emissions in the operation of DaiyaGate Ikebukuro by covering all electricity to be consumed there with the value added eco-friendly power that is generated at the Seibu Takeyama Solar Power Station operated by SEIBU Railway.

Yokohama Hakkeijima

・Turning Yokohama Hakkeijima Sea Paradise into an aquarium with zero CO2 emissions by replacing all power to be consumed within the aquarium area with "Hamakko Electricity," a renewable energy-derived electricity which virtually emits no CO2.

（３） Absorption of CO2 emitted

The forests owned by group companies, which are located nationwide, have been contributing to the reduction of environmental loads by absorbing CO2. Management of the forests will be continued to increase the absorption of CO2.

Group companies

・Contributing to the absorption of CO2 through management of company-owned forests and afforestation in cooperation with local governments

SEIBU Landscape

・Contributing to the absorption of CO2 through special greening technologies such as wall greening and rooftop

greening