Disclosure pursuant to TCFD Recommendation
for the fiscal year of 2023

Responses to TCFD Recommendations

Nippon Television Holdings, Inc. (“NTVHD” or “we”) shares the spirit of Sustainable Development Goals (SDGs) and has adopted the motto “Contributing to a Sustainable Future” as one of our management policies in order to address social issues surrounding us, such as environmental and human rights issues. We will fulfill our social responsibility by sharing our values with as many people as possible by communicating messages through our broadcasts, including “24-Hour Television” and “Good For the Planet”.

  • 24HOUR TELEVISION
  • Good For the Planet グップラ

“Contribute to the Protection of the Environment” is listed as one of the Material Issues under NTVHD’s Sustainability Policy, and we believe that making disclosures on an ongoing basis in accordance with the TCFD recommendations is an important responsibility.

In 2024, we expanded the scope of group companies subject to disclosure of climate-related information, such as information on “strategy” and “metrics and targets,” in addition to Nippon Television Network Corporation (“Nippon TV”). In order to contribute to the global environment and continue to be a trusted media company, the Nippon Television Group (the “Group”) collectively strives to promote decarbonization.

  • TCFD
  • The abbreviated name for the Task Force on Climate-related Financial Disclosures. The TCFD recommends that companies, etc. disclose climate-related risks and opportunities in terms of their “governance,” “strategy,” “risk management,” and “metrics and targets.”

Governance

In order to accelerate our sustainability measures, the Sustainability Committee (the “Committee”) will play a leading role. Akira Ishizawa, Representative Director, President, and Chief Executive Officer of NTVHD, serves as the chairperson of the Committee, and executive officers of NTVHD serve as the members of the Committee.

Under the Committee, three working divisions (“Working division for Climate Change Countermeasures,” “Working division for Human Rights,” and “Working division for Human Capital”) have been established, which consist of the heads of business departments of each Group company to examine measures to address sustainability issues and make recommendations to the Committee.

Meetings of the Committee are held twice a year, where the policies, targets and roadmaps of the Group as a whole are determined based on the recommendations of the working divisions. The Board of Directors receives reports from the Committee on important matters and the status of its activities, and the Board of Directors monitors the policy for countermeasures and implementation plans.

Strategy

Strategy: Summary of Scenario Analysis

Assuming changes in the business environment resulting from climate change and trends in policies for global warming and other related countermeasures, we examined the impacts that these factors may have on our business and management.

As analyses of multiple climate scenarios recommended by the TCFD recommendations, in addition to Nippon TV, which is engaged in the Group’s main business, the broadcasting business, we assessed the relevant impact on a total of seven Group companies as follows based on a 1.5℃ scenario and a 4℃ scenario: AX-ON Inc. (“AX-ON”); NTV Technical Resources Inc. (“NiTRo”); NIPPON TELEVISION ART INC. (“NTV ART”); NTV EVENTS Inc. (“NTV EVENTS”); Nippon Television Service Inc. (“NTV Service”); and TIPNESS Limited (“TIPNESS”).

Global surface temperature change relative to 1850-1900

Source: Prepared by the Company based on the IPCC WG I Sixth Assessment Report (2021)
1.5℃ Scenario
A scenario that assumes that strict regulatory measures will be implemented to reduce the amount of greenhouse gas (“GHG”) emissions and that an increase in the global average temperature at the time of the end of this century will be within 1.5℃ compared to the global average temperature before the Industrial Revolution. In this scenario, a low carbon society would develop rapidly, forcing us to respond to laws and regulations and societal demands. Reference: Scenario SSP1-1.9 of IPCC (Intergovernmental Panel on Climate Change) and Scenario NZE2050 of IEA (International Energy Agency).
4℃ Scenario
A scenario that assumes that global warming countermeasures will not be thoroughly implemented and that by the end of this century the global average temperature will have risen approximately 4℃ compared to the global average temperature before the Industrial Revolution. In this scenario, the physical impacts of climate change will become more pronounced, such as more frequent abnormal weather events and more devastating natural disasters. Reference: Scenario SSP5-8.5 of IPCC and Scenario STEPS of IEA.

We examined the anticipated risks and opportunities in each scenario.

Strategy: Major Risks and Opportunities

1.5℃ Scenario (in which a low carbon society rapidly develops)

  • ◎:Huge impact
  • ○:Some impact
  • △:Slight impact
  • Short term: Within 3 years Medium term: Around 2030 Long term: Around 2050
Media Content Business

(Nippon TV, AX-ON, NiTRo, NTV ART, NTV EVENTS, and NTV Service)

Items Anticipated scenarios Risks Opportunities Time frame of occurrence
Stricter GHG regulations Increased business costs due to increased renewable energy prices, carbon taxes and emissions trading ◎ Short/ medium term
Price pass-through due to increased costs resulting from stricter regulations and carbon taxes, etc.
(Increased production costs for programs, etc.)		 ○ Short/ medium term
Increases in capital expenditures Increased costs by installing more power-saving facilities due to stricter regulations ○ Short/ medium term
Reputation Deterioration of corporate brand image due to lagging initiatives to reduce CO2 emissions ○ Short/ medium term
Enhancement of corporate brand image by providing news coverage of disasters and rolling out campaigns for global warming countermeasures ○ Short/ medium term
Changes in viewer preferences and sponsors’ needs Demand will increase further for content related to global warming and sustainability, such as “24-Hour Television,” “Good For the Planet” and “Karada Week” campaign
Increased environmental awareness programs and events in collaboration with sponsor companies		 ◎ Short/ medium term
Changes in lifestyles Changes in employee work styles, such as progress in DX and further use of remote work will make it possible to downsize office space ○ Short/ medium/ long term
Life and Health Related Business

(TIPNESS and some businesses of NTV Service)

Items Anticipated scenarios Risks Opportunities Time frame of occurrence
Stricter GHG regulations Increased business costs due to increased renewable energy prices, carbon taxes and emissions trading ◎ Short/ medium term
Price pass-through due to increased costs resulting from stricter regulations and carbon taxes, etc. ○ Short/ medium term
Increases in capital expenditures Increased costs by installing more power-saving facilities due to stricter regulations ○ Short/ medium term
Reputation Deterioration of corporate brand image due to lagging initiatives to reduce CO2 emissions ○ Short/ medium term
Enhancement of corporate brand image by making progress in initiatives to reduce CO2 emissions ○ Short/ medium term
Changes in lifestyles Increased demand for fitness businesses due to increased awareness regarding health and management of physical condition ◎ Medium/ long term

In the 1.5℃ scenario, companies will be required to take stricter measures to reduce GHG emissions, and cost increases are expected due to the introduction of carbon taxes and increased demand for renewable energy. If the government enforces stricter regulations, increases in capital expenditures will be inevitable. Furthermore, lagging initiatives to reduce CO2 emissions will directly result in the deterioration of corporate brand image.

On the other hand, due to increased public interest in climate change, the role of the media to communicate accurate information will become increasingly important. If a company is seen not to be playing an adequate role, the trust placed in the company by viewers and sponsors will inevitably be diminished. In addition, it is expected that there will be an increased demand in program production for content aimed at sustainability and realization of carbon neutrality. The Group, which has the Media Content Business as the core business, is aware that we have a great responsibility to not only promote reductions in the Group’s CO2 emissions, but also to appeal to society to prevent more serious climate change from occurring.

Impacts of stricter regulations to reduce CO2 emissions and increased energy procurement costs are also anticipated as business risks for the Life and Health Related Business. We believe that measures to capture changes in lifestyles and increased health awareness are necessary, such as progress in DX and extended use of remote work, while constraining price pass-through due to increased operation costs.

4℃ Scenario （in which global warming becomes a serious issue）

  • ◎:Huge impact
  • ○:Some impact
  • △:Slight impact
  • Short term: Within 3 years Medium term: Around 2030 Long term: Around 2050
Media Content Business

(Nippon TV, AX-ON, NiTRo, NTV ART, NTV EVENTS, and NTV Service)

Items Anticipated scenarios Risks Opportunities Time frame of occurrence
Higher average temperatures Increased costs of capital expenditures for more resilient broadcasting equipment
Increased maintenance costs		 ◎ Medium/ long term
Restrictions on outdoor news coverage and shooting during summer ○   Medium/ long term
Increased viewers’ interest in meteorology and lifestyle information ○ Medium/ long term
Increased costs for air conditioning, etc. ○   Medium/ long term
Spending more time staying indoors (i.e., spending less time going outdoors during summer)
Adverse effect on holding and attracting customers to come to events, etc.		 ○   Medium/ long term
Spending more time staying indoors (i.e., spending less time going outdoors during summer)
Increased demand for video content and increased revenues in the television home shopping department		 ○ Medium/ long term
More frequent and devastating meteorological disasters
(typhoons, floods, and droughts, etc.) 		Increased needs for disaster prevention information and news coverage of disasters ◎ Medium/ long term
Increased risk of employees being affected by disasters and more difficulties in providing news coverage of disasters ○ Medium/ long term
Rise in the sea level Increased risk of Shiodome headquarters being flooded by a storm surge ○ Medium/ long term
Increased health risks Increased interest in health-related programs and campaigns   ○ Medium/ long term
Risk of employees suffering frequent heatstroke and outbreaks of new infectious diseases △ Medium/ long term
Life and Health Related Business

(TIPNESS and some businesses of NTV Service)

Items Anticipated scenarios Risks Opportunities Time frame of occurrence
Higher average temperatures Increased costs of capital expenditures for more resilient equipment
Increased maintenance costs		 ○ Medium/ long term
Increased costs for air conditioning, etc. ◎   Medium/ long term
Spending more time staying indoors (i.e., spending less time going outdoors during summer)
Increased demand for online fitness classes		 ○ Medium/ long term
More frequent and devastating meteorological disasters
(typhoons, floods, and droughts, etc.) 		Increased risk of employees and facilities being affected by disasters ○ Medium/ long term
Rise in the sea level Increased risk of facilities being flooded by a storm surge △ Medium/ long term
Increased health risks Increased interest in health-related campaigns   ◎ Medium/ long term
Risk of employees suffering frequent heatstroke and outbreaks of new infectious diseases △ Medium/ long term

In the 4℃ scenario, abnormal weather events will become recurrent and more devastating flood damage from typhoons and torrential rains as well as increased instances of damage caused by droughts, etc. are expected. Higher temperatures will cause an increase in the number of patients suffering heatstroke and it could also lead to outbreaks of new infectious diseases.

Since we are engaged in the business of broadcasting, which has a public nature, we will be required to play an even greater role as a news media in relation to disaster prevention and disasters. On the other hand, outside shooting in a hot environment will likely cause certain restrictions on the production of programs and lead to an increased risk of malfunctions in broadcasting equipment. In order to continue to broadcast content and perform our responsibilities as a news media, we will need to reduce the risk of employees being affected by disasters while promoting efforts to have more resilient broadcasting equipment.

It is also expected that a rise in the average temperature will restrict and transform all of our day-to-day activities. In this scenario, we will be faced with the challenge of how to respond to such changes and create new businesses and demand.

Group’s Response to Risk and Opportunities

1.5℃ Scenario

Proactive utilization of renewable energy
All Group companies are continuing efforts to increase the percentage of electricity from renewable sources in all electricity consumed.
NTV EVENTS uses 100% green electricity.
Further promotion of power-saving
Nippon TV Bancho studio has installed 100% LED lighting equipment at the time of completion of its construction in 2019.
Shiodome headquarters plans to finish replacing all lighting equipment with LED lighting equipment by 2031.
TIPNESS completed the installation of 100% LED lighting equipment in all of its fitness club stores in March 2020.
Ongoing disclosures of environment-related information
We will fulfill our responsibility as a media company by continuing to communicate externally.
We will review the Group’s initiatives on a regular basis through the examination by the Working division for Climate Change Countermeasures.

4℃ Scenario

More detailed disaster prevention information and increased coverage of disasters
We will continue to provide “life-saving” coverage and be a trusted “source of information” in times of disasters.
Establishment of a structure for continued broadcasting
We are moving ahead with strengthening cooperation with Yomiuri Telecasting Corporation, which is based in Osaka, and in the event of damage to Shiodome headquarters by a storm surge, broadcasting will continue using the systems of Yomiuri Telecasting Corporation.

In addition to these efforts, each Group company has been undertaking environmentally friendly initiatives, and will continue and promote such initiatives in the future.

  • NTV ART

For studio sets for TV programs, etc., it manufactures prototypes and conducts trial operations using materials that have a low environmental impact in lieu of tropical timber (lauan wood) that has been used.

Elephant at sunset
Studio set made of Eco-friendly materials
  • Nippon TV
  • NTV ART
  • NiTRo

The percentages of reductions in the amount of copy paper used in CY 2023 (FY 2023 for NiTRo) by Nippon TV, NTV ART and NiTRo were approximately 79% (compared to CY 2017), 57% (compared to CY 2019), and 44% (compared to FY 2019), respectively.

In addition to digitalizing internal documents and contracts, Nippon TV is proactively promoting initiatives to go paperless, such as using digital tools when giving instructions to performers (idiot cards) that were conventionally written in sketchbooks.

Elephant at sunset
teleprompter
Elephant at sunset
teleprompter
  • TIPNESS

All fitness club stores completed the installation of water-saving valves in shower rooms in March 2022 and are working to conserve resources.

Elephant at sunset
Water saving valve which saves 20-30% of use

Risk Management

Risk identification and assessment
The Committee identifies climate-related risks based on reports made by the Working division for Climate Change Countermeasures and related departments. The Committee appropriately assesses how likely and when risks are occurring and their impact on management.
Risk countermeasures
The Committee promptly reports to the Board of Directors on any matters that are identified as material risks.
If necessary, the Committee shares information with and works in cooperation with the Risk Management Committee and the Disaster Response Committee to decide countermeasures to minimize risks.

Metrics and Targets

Targets

  1. Nippon TV will achieve a renewable energy percentage of 100% in all electricity consumed by FY 2030.
    It will reduce the amount of CO2 emissions (Scope 1 (*1) + Scope 2 (*2)) by 50% by FY 2030 compared to FY 2019.
  2. In FY 2024, Nippon TV will commence the calculation of Scope 3 (*3) and the number of Group companies that disclose the amount of CO2 emissions (Scope 1 + Scope 2) will be increased further from the current seven companies.
  3. The Group will aim to become a carbon neutral organization by FY 2050.
  • *1 Scope 1: Direct emissions from businesses
  • *2 Scope 2: Indirect emissions through the purchase of electricity, heat, and steam
  • *3 Scope 3: All indirect emissions not included in Scope 2

CO2 emissions

The amount of CO2 emissions at the three business bases (Shiodome, Bancho, and Ikuta) of Nippon TV (actual figures for FY 2023)

  • Scope 1: 3956.2 t- CO2
  • Scope 2: 18811.5 t-CO2
  • t-CO2: a unit used to mean 1 ton of carbon dioxide
  • Since FY 2023, adjusted emission factors are used in some calculations of Scope 2.

The amounts of CO2 emissions at Nippon TV, AX-ON, NiTRo, NTV ART, NTV EVENTS, NTV Service, and TIPNESS (actual figures for FY 2023)

  • Nippon TV: 22767.7 t- CO2
  • TIPNESS: 43083.6 t- CO2
  • Total (the other five companies): 747.1 t- CO2
  • AX-ON: 295.2 t- CO2
  • NiTRo: 386.0 t- CO2
  • NTV ART: 29.5 t- CO2
  • NTV EVENTS: 0 t- CO2*
  • NTV Service: 36.4 t- CO2
  • Only green electricity is used.

Initiatives Aimed at Reducing GHG Emissions

Promote usage of renewable energy and expand scope of disclosure related to amounts of CO2 emissions
In our Sustainability Policy (formulated in November 2021), we made a statement to the effect that we aim to achieve a renewable energy percentage of 100% in all electricity consumed at Nippon TV by FY 2030.
In order to achieve this objective, we will focus our efforts on in-house power generation by taking measures, such as installing solar panels on the roof of the Ikuta studio, in addition to procuring renewable energy.
With a view to making the entire Group a carbon neutral organization in 2050, we will expand the scope of Group companies subject to disclosure of the amount of CO2 emissions and other related information and continue to disclose such amount for each fiscal year on our website going forward.
Reduce electricity consumption by expanding usage of power-saving equipment
We plan to complete the installation of 100% LED lighting equipment at Shiodome headquarters in 2031.
We will reduce the amount of electricity consumption by replacing certain air conditioning machines, pumps, and other equipment with high-resource-efficiency equipment.
Japanese Archipelago Blue Carbon Project
On the occasion of the 70th anniversary of Nippon TV’s foundation in 2023, we launched “Protect Seaweed Forests! Japanese Archipelago Blue Carbon Project.” This is an initiative to nurture eelgrass and other seaweed, which absorb and fix CO2 as they grow, and employees of Group companies and their families are regularly involved in activities to restore eelgrass beds.
Nippon TV focused on the possibility of blue carbon and featured it on the programs such as “news every.” and “Shinsou-houdou Bankisha.” We have also been broadcasting “Umikoi: What We Can Do Now for the Sea,” a travel program to learn about marine environment conservation, since October 2023. In the process of producing “Umikoi,” the amount of CO2 emissions was reduced by approximately 63%* compared to conventional programs by making such efforts as streamlining and minimizing location shooting and using hybrid vehicles for transportation. In addition to communicating information together with partner companies that support the program’s objectives, a comprehensive partnership agreement was executed in October 2023 with five municipalities on the Miura Peninsula (Yokosuka-shi, Miura-shi, Kamakura-shi, Zushi-shi, and Hayama-cho) to promote a project to create an eelgrass bed in Tokyo Bay.
  • The figure calculated by Earth hacks & Co. (as of the end of March 2024)
Elephant at sunset
Eeelgrass reproduction activity
Elephant at sunset
Volunteers who joined the eelgrass reproduction activity