Japan Real Estate Investment Corporation (JRE) is committed to endeavoring to enhance consideration towards the environment, social contributions and corporate governance to improve the sustainability of society. We recognize that this is an important social responsibility for a listed enterprise to assume, and also believe that it is essential for maximizing our unitholder value. To put our commitment into practice based on the above recognition, Japan Real Estate Asset Management Co., Ltd., JRE’s asset management company, has established its Sustainability Policy, under which, we conduct various activities, including environmental measures for buildings we hold, such as improving facilities to reduce environmental impact and acquiring Green Building certifications, as well as participating in local contribution actions.
1. Contribution to creating a low-carbon society
|In order to contribute to creating a low-carbon society, we will proactively promote efficient use of energy, mainly by improving operation systems and introducing appropriate facilities to increase energy conservation.|
2. Contribution to creating a recycling-oriented society
|In order to contribute to creating a recycling-oriented society, we will promote efficient use of water resources as well as implementing Reduce, Reuse and Recycling initiatives.|
3. Contribution to creating a society in harmony with nature
|In order to contribute to creating a society in harmony with nature, we will support efforts aimed at living harmoniously with the natural environment through planting initiatives conducive to biodiversity conservation.|
4. Enhancement of safety and security
|As part of disaster prevention and response initiatives, we will organize emergency drills based on public-private partnerships, and develop business continuity plans.|
5. Initiatives aimed at officers and employees
|We will provide education and training programs for officers and employees to raise environmental awareness and build capacity, as well as support a diverse human workforce and flexible work styles to meet individual lifestyles.|
6. Collaboration with external stakeholders
|We will collaborate with property management companies and other suppliers to work together to increase tenant satisfaction and build harmonious relationships with local communities.|
7. Information disclosure and obtaining environmental certifications
|We will endeavor to disclose ESG (Environment, Society and Governance)-related information to our investors and various other stakeholders. Also, we will work to obtain environmental certifications and ratings, including the Green Building certification, on a continuous basis.|
As stated above, we will develop sustainability promotion systems, comply with laws, regulations and other rules pertaining to ESG, and implement sustainability initiatives, thereby contributing to creating a sustainable society through real estate management business.
Acquired a "Green Star", the best status of GRESB
■What is GRESB?
GRESB (Global Real Estate Sustainability Benchmark) was established in 2009 by a group of European pension funds. It is an annual benchmark evaluation to assess the environment, society and governance (ESG) performance of the real estate sector. Major European, American and Asian institutional investors utilize this benchmark in their investment decision-making processes. GRESB Real Estate Assessment is unique in evaluating not the individual property itself, but the environment-friendliness and sustainability approach of each real estate company and REIT.
■Acquired a "Green Star"
In the 2016 GRESB Real Estate Assessment, JRE was highly evaluated and acquired the best status, a "Green Star".
Obtaining DBJ Green Building certification
The DBJ Green Building certification was established by the Development Bank of Japan with the aim of encouraging real estate project activities to pursue environmental and social contributions, instead of focusing solely on economic performance. Green Building-certified properties are selected based on a comprehensive evaluation scheme for multiple criteria including tenant amenities, involvement in local community, and risk management, in addition to the environmental performance of the building. Under this program, a number of properties held by JRE have been highly rated, including Harumi Front, which received the highest Five Stars rank, representing the first J-REIT property that has ever been honored with this evaluation.
Please click here for more information about DBJ Green Building authentication.
■Five criteria of DBJ Green Building certification
■Properties certified with DBJ Green Building Certification