Policies and Regulations

The OLC Group Environmental Policy (Revised May 2022)

The OLC Group undertakes environmental activities in line with the OLC Group Environmental Policy.

Governance

The OLC Group’s Structures to Address Climate Change

Recognizing environmental issues including climate change as an important managerial challenge to be addressed, our Board of Directors resolved to set “Measures to address climate change and natural disasters” and “Recycling-oriented society” as areas of our ESG Materiality, and monitor the progress made in our related plans.
In addition, the OLC Group has established an Environment Committee chaired by the Director of the Corporate Strategy Planning Division (Executive Director and Executive Officer). The committee is responsible for planning and setting targets for the Company’s environmental activities including against climate change and has established the Subcommittee on Climate Change to conduct fact-finding surveys, devise strategies for addressing climate change issues, and implement initiatives to reduce environmental impact. 
Through the Environment Committee, targets and plans regarding environment actions are reported to the Board of Directors annually. 
Moreover, OLC has formulated the Power Conservation Guidelines (revised in September 2022) to save more energy within the OLC Group as part of our efforts to help mitigate climate change.

Strategy

Awareness of and Approach to Climate Change

Corporations are expected to fulfill their social responsibility to address climate change resulting from global warming. Moreover, undertaking environmentally friendly business activities will help make corporations themselves more sustainable. 

Our Theme Parks, which are visited by many guests every day, can be described as one large “city.” To ensure that our guests can spend a comfortable time with peace of mind in this city and to preserve and pass on the precious global environment to future generations, while also continuing to deliver happiness, the OLC Group must shoulder the responsibility of implementing proactive measures against climate change to reduce its risks in a sincere manner.
Having set "Measures to address climate change and natural disasters" as an area of our ESG Materiality for the period leading up to 2030, the OLC Group will implement mitigation measures, which entail curbing the advance of global warming by reducing the emission of greenhouse gases (GHGs), and adaptation measures, which entail minimizing the impact on guests of water shortages, temperature increases, more frequent typhoons, and other changes to the environment that are expected to arise due to global warming.

Risk Management

Disclosure in Accordance With TCFD Recommendations

The OLC Group endeavors to identify the diverse risks and opportunities stemming from environmental issues. Advancing climate change is expected to exacerbate natural disasters, including raising temperatures and sea levels, and causing serious typhoons, floods, and droughts. Such events may affect the business of the OLC Group in different ways. Meanwhile, if we can address these issues appropriately, we believe that we can strengthen our competitiveness and gain new business opportunities. Based on this belief, we have categorized the risks and opportunities related to climate change. Having endorsed the Task Force on Climate-related Financial Disclosures (TCFD) in April 2022, the OLC Group proceeds with the disclosure of information on the risks and opportunities related to climate change and their analyses.

 

Reference scenarios
Physical risks: RCP1.9, RCP2.6, RCP8.5
Transition risks: IEA B2DS, IEA 2DS, IEA SDS, IEA STEPS (previously IEA NPS)

Metrics and Targets

Targets for Greenhouse Gas Emissions Reduction—The OLC Group

The OLC Group has set the following target to address our ESG Materiality “Measures to address climate change and natural disasters.”

KPIs

KGIs

2024 Medium-term Plan

FY 2026

2030

Procurement of renewable energy

CO emissions reduction:

78,000 t-CO

CO emissions reduction:

198,000 t-CO

Reduction in greenhouse gas emissions

[Scope 1 and 2] 51% reduction from the FY2013 level

(Achieve net zero by FY2050)

Energy-saving activities

Remodel internal system (visualization system)

Implement across the entire the OLC Group by utilizing internal systems

Installation of environmentally friendly design

Formulate proprietary guidelines

Execution based on proprietary guidelines

Production of renewable energy

Consider and install solar power generation equipment

Consider and install solar power generation equipment

Investing in and remodeling vehicles, machinery, and facilities

Consider and install environmentally friendly items

Consider and install environmentally friendly items

Scope 3

Set target for next Medium-term Plan

Set target during the 2024 Medium-term Plan period

Strengthening resilience

Start information disclosure in accordance with the framework of TCFD

Consider measures based on TCFD framework

Greenhouse Gas Emissions Scope 1 and 2-The OLC Group

*Scope 2 emissions are calculated based on the market-based method.

Environment-related Data

Actions

Energy Management System

Visualization of electricity consumption
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Visualization of electricity consumption

Our proprietary energy management system (EMS) visualizes electricity consumption within our two Theme Parks and back office.
The EMS collects and analyzes data on energy consumption using IT through sensors attached to all facilities. This system has enabled us to identify inconsistent or wasteful electricity use by monitoring the operation hours and temperature settings of air conditioners, and the lighting time and illumination level settings of lighting equipment, among others, and to implement measures to make improvements based on collaborations with relevant organizations, contributing to the establishment of a Plan-Do-Check-Act (PDCA) cycle for CO₂ emissions reduction.
In addition to the central monitoring system at the Central Energy Plant, each employee has been able to view the EMS from their own computer since FY2023, which allows them to implement the PDCA cycle on a timely basis.
Dubbed the “Eco Web,” the EMS is utilized by various departments.
For example, some back offices use the Eco Web to verify the effect of their energy-saving initiatives, such as switching off unnecessary lighting. They confirm that a certain level of reduction has been achieved, implement the PDCA cycle, and take ongoing actions.

In recognition of our organizational EMS-based energy-saving initiative, we received the 2018 Minister of the Environment Award for Global Warming Prevention Activity in the category for practical environmental measures and proliferation in December 2018.

Mitigating Climate Change

Approximately 60% of the OLC Group's current CO emissions result from electricity use. The OLC Group has introduced a combination of different measures related to the mitigation of climate change in an effort to reduce CO emissions on an ongoing basis.
We will continue exploring mitigation measures to slow the progress of global warming.

Initiative example

Outline

Installation of energy-efficient facilities and equipment in the Central Energy Plant*

  • Introduced large-scale heat-source facilities in the planning stages of Theme Parks
  • Installed turbo refrigerators

Switching to LEDs

Tokyo Disney Resort

  • Switched lighting to LEDs for Cinderella Castle, Mount Prometheus, roof rim illumination, and outdoor spaces and stores 
  • On renovating “itʼs a small world” in 2018, the amount of lighting equipment was increased by over 60% while energy consumption was cut by more than 50%.

Use of renewable energy

Tokyo Disney Resort

Procured renewable energy for electricity and gas
CO2 emissions were reduced by 23,000 t in FY2023 (Achievement rate of 42.3% vis-à-vis 2024 Medium-term Plan KPI of 78,000 t)

  • Solar panels installed atop 10 buildings (output of over 1,500 kW). Newly installed at one site in FY2023.
  • Introduced geothermal and hot spring energy generation facilities at our proprietary strawberry farm (Teshikaga, Hokkaido), significantly reducing the consumption of fossil fuels.
  • Geothermal and hot spring energy is used to heat up the entire greenhouse as well as the roots of the strawberry plants and to melt the snow around the hothouse. The initiative is highly acclaimed by the local government and other bodies for its energy-saving capacity and the progressive use of new forms of energy.

Use of biomass packaging

 

Tokyo Disney Resort

  • Using biomass packaging made partly from plant-based materials
  • Cultivating plants used as raw materials in a way that protects the ecosystem
  • Reduced yearly CO₂ emissions by about 40% compared to conventional products, which mainly used petroleum-based materials

Conversion of vehicles inside Theme Parks to electric vehicles

 

Tokyo Disney Resort

Converted 8 vehicles to electric vehicles
[Electric vehicles introduced]

  • Omnibus is in operation within Tokyo Disneyland
  • Big City Vehicles that operate inside Tokyo DisneySea

*It is an integrated heat-source unit that generates heat for the air-conditioning systems at a single location for distribution to various facilities, thus making it unnecessary to install this equipment in individual buildings.

Central monitoring system at the Central Energy Plant
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Central monitoring system at the Central Energy Plant
Solar panels installed atop a company building
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Solar panels installed atop a company building
Biomass packaging materials made from plants
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Biomass packaging materials made from plants
Electric vehicles in operation within our Parks
(Left: Tokyo Disneyland; right: Tokyo DisneySea)
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Electric vehicles in operation within our Parks
(Left: Tokyo Disneyland; right: Tokyo DisneySea)

Environmentally Friendly Transport

The OLC Group is endeavoring to reduce the environmental impact of transportation.

Initiative example

Outline

Emissions Reductions for Commercial Vehicles and Low-Emission Vehicles

  • Promoting the use of light, hybrid, and electricity-powered vehicles to reduce CO₂, nitrogen oxide (NOx), and particulate matter (PM) emissions from company vehicles
  • Replaced all company buses operating on our office grounds with hybrid vehicles

Formulation of the OLC Group Eco-driving Rules

  • Formulated based on the eco-driving rules promoted by the Japanese government
  • Requesting employees and suppliers to comply with The OLC Group’s Rules

Adapting to Climate Change

Tokyo Disney Resort

As a form of adaptation, the OLC Group continues to work on enhancing resilience, for example, by taking measures against thunderstorms, typhoons, and other natural disasters, and addressing rising temperatures in order to prevent heatstroke both indoors and outdoors.

Measures

Installed fans in the guests’ waiting area for Jasmine’s Flying Carpets

Installed spot air coolers at locations where cast members stand (at some attractions)

Provided optional air-conditioned costumes equipped with built-in fans (more costumes to be provided in phases)

Fans installed in guest waiting areas

Spot air coolers installed at locations where cast members stand
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Spot air coolers installed at locations where cast members stand

Participation in External Initiative

The OLC Group is a member of Tokyo Zero-emission Innovation Bay. The organization was established to build an innovative area of zero-emission technology around Tokyo Bay with various energy suppliers and users around it. The initiative aims to elevate the area into the biggest research/development and PR points against climate change with their pursuit of renewable energy technology or the electric network. Some 141 organizations and institutions participate in the initiative. We will take our responsibility toward climate change along with their philosophy. 

Response to External Evaluation

Since FY2019, the OLC Group has been submitting responses to CDP* questionnaires on climate change and water security.
We are continually striving to enhance the accuracy of our responses.

FY2023 scores
Climate change B
Water B

*A global environmental NGO that calls on companies and others to disclose information on climate change, water, and forests.

Positions Regarding Climate Change Laws and Regulations

The OLC Group supports laws and regulations regarding climate change such as the Act on the Rationalization etc. of Energy Use and the Act on Promotion of Global Warming Countermeasures. We annually submit reports of our energy use, progress against the targets of energy conservation, and emissions of greenhouse gases.