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  3. Basic Policy and Management Structure of ESG (Environmental, Social and Governance) Issues

Basic Policy and Management Structure of ESG (Environmental, Social and Governance) Issues

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 to communicate its priority issues and basic policies on sustainability with regard to its real estate investment management. Under the Policy, we implement various initiatives, including environmental impact reduction through facility upgrades and acquisition of Green Building certifications, as well as contribution actions to the local communities.

For the commitment made by the top executive of the asset management company, please click here.

Sustainability Policy

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.

Sustainability Committee

Japan Real Estate Asset Management (JRE-AM ) convenes its Sustainability Committee with a view to implementing the Sustainability Policy in order to improve sustainability and maximize its unitholder value.

■Members of the committee:

President & CEO (Chief Sustainability Officer)
General Manager of the Planning Department (Sustainability Officer) and General Manager of the Real Estate Management Department (Sustainability Officer)
General Managers of other departments and those practically in charge of sustainability at each department

■Reporting details, meeting frequency and examination process:

The Sustainability Committee examines and reports on various initiatives taken based on the Sustainability Policy. The Committee meets four times a year in principle and executes the PDCA cycle by examining and planning measures, reporting and evaluating the progress and analysis results, and then examining and planning improvement actions, thereby making improvements on a continual basis.
For the matters examined by the Sustainability Committee, JRE-AM makes decisions and implements measures based on its decision making rules, and the results are reported to JRE’s Board of Directors once a year.

Commitment to 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.

For details on GRESB, please click here (CSR Design Green Investment Advisory Co., Ltd.).
For GRESB website, please click here.

gresb_real-estate

■Achieved GRESB’s “Green Star” Status

In the 2017 GRESB Real Estate Assessment, JRE was highly evaluated and acquired a “Green Star”.

■Becoming a GRESB Member

To integrate ESG factors into investment management, Japan Real Estate Asset Management (JRE-AM) became a GRESB Real Estate Company & Fund Manager Member as the first Japanese real estate and asset management company. Furthermore, JRE-AM acts as a member of GRESB Asian Benchmark Committee and contributes to the discussion towards the future development of GRESB.
As a Member of this international initiative, JRE-AM will work for greater sustainability by networking and sharing information with companies that are advanced in terms of ESG as well as by showcasing Japanese practices to the global community.

  • Asset Managerジャパンリアルエステイト JRea

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