Sustainability
ESG Policy
HEIWA REAL ESTATE REIT, Inc.
The Heiwa Real Estate Group, as a company pursuing the realization of an affluent urban environment by providing comfortable offices and living spaces, is aware of the weight of its social responsibilities and strictly complies with any and all laws, regulations and rules. Moreover, the Group aims to be a company that perpetually earns the trust of society by observing the highest ethical standards. In accordance with this basic policy established as the Group's Code of Conduct, the Investment Corporation will strive to conduct business operations while taking into consideration the environment, society, and governance (ESG), and contributing to the development of a sustainable society as well as increasing medium- to long-term shareholder value.
1. Realizing sustainable urban development with safety and security
The Investment Corporation will promote disaster preparedness and support for people with disabilities to provide safety and security, and through these actions seek to increase the value of its properties. The Investment Corporation will also consider the risks and opportunities related to climate change and promote the reduction of energy consumption and the introduction of renewable energy to contribute to the realization of a low carbon society, and will advance the adaption of our portfolio to climate change.
2. Contributing to local communities
The Investment Corporation will place importance on coexistence with local communities as a good corporate citizen, and will endeavor to resolve problems faced by local communities by attracting tenants and through other methods, and will build trust by strengthening relations with the local area as well as increase the competitiveness of the Investment Corporation’s properties by boosting local-area value through operating properties that contribute to the development of areas to provide a comfortable life.
3. Creating a rewarding work environment
In cooperation with the Asset Management Company, the Investment Corporation will promote efforts to create a healthy, rewarding work environment, and will secure mental and physical comfort as well as a sense of affluence. The Investment Corporation will also endeavor to respect each individual employee, eliminate any and all discrimination and harassment, proactively work to enhance the professional expertise of the officers and employees through human resource development including training and support for the acquisition of qualifications, and increase business growth, stability, and operational capacity by securing excellent human resources.
4. Strengthening corporate governance
The Investment Corporation will promote the establishment of an effective governance system that ensures the objectivity and diversity of its directors as well as reduce operational risks by strictly complying with laws and regulations pertaining to the Investment Corporation's operations, social norms and corporate ethics.
5. Sustainability-related education and awareness building
The Investment Corporation will conduct sustainability-related education and awareness building activities for the officers and employees of the Asset Management Company, the properties managers of the Investment Corporation, other suppliers, tenants, and all others concerned to enhance the level of motivation to achieve sustainability.
6.Facilitating communications
The Investment Corporation will endeavor to ensure transparency and communicate extensively with society through the acquisition of external certifications and the timely and accurate disclosure of information, and it will proactively disclose its ESG policies, activities, and other necessary information to unitholders, tenants, local communities, and business partners while seeking to build stakeholder trust and obtain appropriate ratings.
Established: May 14, 2021
Environmental Initiatives
In accordance with its environmental policies, Heiwa Real Estate REIT, Inc. has established specific strategies for reducing environmental impact with regard to important environmental issues, including saving energy and water and reducing waste output at properties under its ownership, and is working to tackle these issues.
Target Setting
Heiwa Real Estate REIT, Inc. sets annual targets with regard to the following environmental indicators, and works to ascertain and manage progress in achieving them.
Indicator (unit base) | Target |
---|---|
Energy consumption | Improve overall unit energy consumption for properties requiring submission of notification in accordance with the Act on the Rational Use of Energy by at least 1% year on year As a medium term target, reduce average unit energy consumption over a five year period by at least 1% |
GHG (greenhouse gas) emissions | Do not allow overall GHG emissions to increase for properties requiring submission of notification in accordance with the Act on the Rational Use of Energy |
Water consumption | Do not allow overall water consumption to increase for properties requiring submission of notification in accordance with the Act on the Rational Use of Energy |
Waste output | Increase overall recycling rates for offices (excluding assets under indirect management) year on year |
Performance Data
Energy Consumption
Fiscal Year | 2019 | 2020 | Percentage change year on year |
---|---|---|---|
Total consumption (MWh) | 17,441 | 17,218 | -1.28% |
Consumption Intensity(MWh/㎡) | 0.120 | 0.119 | -1.00% |
GHG (CO2) Emissions
Fiscal Year | 2019 | 2020 | Percentage change year on year |
---|---|---|---|
Total consumption(t-CO2) | 8,057 | 7,635 | -5.24% |
Emissions Intensity (t-CO2/m2) | 0.055 | 0.053 | -4.96% |
Water consumption
Fiscal Year | 2019 | 2020 | Percentage change year on year |
---|---|---|---|
Total consumption(㎥) | 134,298 | 133,644 | -0.49% |
Consumption Intensity(㎥/㎡) | 0.923 | 0.921 | -0.2% |
Waste output
Fiscal Year | 2019 | 2020 | Percentage change year on year |
---|---|---|---|
Total output (t) | 997 | 986 | -1.15% |
Recycling rate (%) | 50.7 | 51.7 | 1.95% |
Notes regarding the above performance data
- The above data displays actual values for common parts of residences, common and private parts of office buildings under the ownership of Heiwa Real Estate REIT, Inc. Values for shared properties are calculated according to percentage ownership.
- Unit values are calculated after adjustment for ownership period and occupancy rate for each property.