Environmental Information (TCFD Disclosure/Transition Plan)

Environmental Vision and Policy

Recognizing that resources are limited, JPX has created its Environmental Vision and Environmental Policy to aim for a sustainable economy where “economic development” and “environmental conservation” go hand in hand.

Environmental Vision

Environmental Policy

Contributing to a decarbonized economy

Towards carbon neutrality

In July 2021, JPX set a target of carbon neutrality by FY2024, covering direct and indirect emissions in its own operations (Scopes 1 and 2), and since then has worked towards reducing its greenhouse gas (GHG) emissions. For electricity consumption, which is the main source of its emissions, JPX switched 100% of electricity consumed by the group to renewable energy through a combination of various procurement methods (switching electricity contracts, PPAs, etc.) depending on the electricity demand at each site. In addition to this, it is building a renewable energy portfolio with a longer-term outlook by incorporating procurement methods that minimize reliance on external factors, such as use of JPX-specific renewable energy generation facilities.

GHG emissions which cannot be reduced through renewable energy usage (Scope 1 and non-electricity-based Scope 2) are offset through J-Credits.

From FY2025, JPX will continue its initiatives with the target of maintaining carbon neutrality in Scopes 1 and 2 as well as curbing emissions on an ongoing basis through appropriate emissions management, including for Scope 3.

JPX-specific renewable energy generation facilities

To contribute to procurement of the renewable energy that enables JPX's carbon neutrality, several JPX-specific renewable energy generation facilities are in operation. JPX allocates renewable energy generated by 26 plants, all located in Japan, to its various sites depending on the volume of energy generated by and the location of each plant.

These JPX-specific facilities include three solar power plants (two pictured above) that coexist with agriculture on farmland. JPX is looking to contribute to a decarbonized and circular economy by utilizing mainly idle or discarded farmland for power generation.

Some of the solar power plants also utilize reused solar panels which had been disposed of for reasons such as natural disasters.

Strong management of environmental policy

Medium-Term Management Plan (key areas from the perspective of sustainability)

JPX takes its Environmental Vision and Policy into account when formulating its management strategy.

The Medium-Term Management Plan 2024 (FY2022-FY2024) was positioned as the first stage towards achieving JPX's long-term vision for 2030: "contribute to sustainable societal and economic development by evolving into a global, comprehensive finance and information platform which provides solutions for a wide range of societal issues, centered on the ability to raise and circulate capital." As part of this Plan, JPX set out and advanced its "Green Strategy."

In the Medium-Term Management Plan 2027 (FY2025-FY2027), positioned as the second stage, JPX will build on the foundations laid out in the first stage, having set "addressing climate change" as one of its "key areas from the perspective of sustainability."

Disclosure in line with the TCFD Recommendations

JPX discloses environmental information in line with the TCFD Recommendations. Please see the TCFD disclosure page.

Response to CDP

Below is JPX's latest response to CDP, from 2024, which received a score of B.

Information for the Net Zero Financial Service Providers Alliance (NZFSPA)

JPX joined the NZFSPA in December 2023. The NZFSPA is a global group of financial service providers committed to supporting the goal of global net zero greenhouse gas emissions by 2050 or sooner, in line with the ambition to limit the global temperature increase to 1.5°C above pre-industrial levels.

Member exchanges of the NZFSPA are required to publish information annually about their activities in regard to these commitments. Please find information about JPX's activities below.

As a corporate entity (exchange-focused)

As an exchange operator (market-focused)

Encouraging environmental conservation initiatives

Tree-planting program

The TSE Listing Forest began in June 2004 in Yurihonjo, Akita Prefecture. We carry out ongoing conservation activities at the7.3-hectare plot, including planting, weeding, and installing protection over winter in the hope that the exchange will grow and prosper along with the planted trees. To mark its 20th anniversary in 2024, we held a tree-planting ceremony, lectures, and other commemorative events in September together with local residents.

This project has also been certified for 63.7t of CO2 absorption (FY2024) under Akita Prefecture's "Akita Forestry: Carbon Dioxide Absorption Through Forest Development Certification System."

Together with these conservation activities, JPX has worked alongside the local Yashima region, which has cooperated on these activities, in providing financial education. JPX offers on-site courses about how stock companies work at Yurihonjo Shiritsu Yashima Elementary School, Yurihonjo Shiritsu Yashima Junior High School and Akita Prefectural Yashima High School. An NPO established to run the JPX Entrepreneur Program under its own direction has initiated projects - for example at Akita Prefectural University and Akita Prefectural Nishime High School - with the collaboration of industry, academia, government, and financial sectors. The NPO has developed a finance and economics education program integrated throughout the local community, to the extent that in February 2019 it won an award from the Government’s Small and Medium Enterprise Agency.