Environmental Initiatives
The Investment Corporation and the Asset Management Company 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.
Environmental Management
1. Resource and energy conservation efforts
We endeavor to promote the efficient use of resources and energy at the real estate we manage by introducing technologies and systems designed to conserve resources and energy.
2. Reducing environmental impact
To reduce environmental impact, we consult with parties related to the real estate investment and management business, promote water conservation, waste reductions, reuse and recycling, and make every effort to create a recycling-oriented society.
3. Compliance with environmental laws, regulations and other requirements
We observe environmental laws, regulations and other rules, and endeavor to preserve the environment.
4. Education and awareness-raising on the environment
We conduct educational and awareness-raising activities concerning the environment and strive to raise awareness of environmental conservation.
5. Promoting environmental communication
We engage in a wide range of communication with society and endeavor to make the necessary disclosures regarding our environmental policies and the status of our environmental initiatives to investors, tenants, local communities, business partners and other stakeholders.
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.
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| Indicator (unit base) | Target |
|---|---|
| Energy consumption | Improve overall unit energy consumption for portfolio by at least 1% year on year As a medium term target, reduce average unit energy consumption over a 5 year period by at least 1%. |
| GHG (greenhouse gas) emissions |
Achieve net-zero by 2050. Reduce total GHG (Scope 1 and Scope 2) emissions of the portfolio by 90% from 2018 by 2030. |
| Water consumption | Do not allow overall water consumption to increase for portfolio. |
| Waste output | Increase overall recycling rates for portfolio year on year. |
Performance Data
Energy Consumption
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| Fiscal Year | 2022 | 2023 | 2024 | Percentage change year on year |
|---|---|---|---|---|
| Total energy consumption(MWh) | 23,792 | 30,789 | 43,325 | 40.72% |
| Fuel consumption(MWh) | 1,652 | 6,328 | 6,901 | 9.06% |
| DHC consumption(MWh) | 38 | 297 | 346 | 16.38% |
| Power consumption(MWh) | 22,102 | 24,164 | 36,078 | 49.30% |
| Energy consumption Intensity(MWh/㎡) | 0.0615 | 0.0786 | 0.1058 | 34.52% |
| Amount of renewable energy used(MWh) | 18,575 | 19,849 | 21,731 | 9.48% |
GHG Emissions
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| Fiscal Year | 2022 | 2023 | 2024 | Percentage change year on year |
|---|---|---|---|---|
| Total GHG consumption(t-CO2) | 9,687 | 12,808 | 16,802 | 31.19% |
| Scope1(t-CO2) | 188 | 263 | 199 | -24.32% |
| Scope2(t-CO2) Location basis |
3,515 | 3,593 | 3,794 | 5.59% |
| Scope2(t-CO2) Market basis |
472 | 472 | 288 | -38.83% |
| Scope3(t-CO2) | 5,984 | 8,952 | 12,810 | 43.09% |
| GHG consumption Intensity (t-CO2/㎡) |
0.0251 | 0.0327 | 0.0410 | 25.41% |
Water consumption
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| Fiscal Year | 2022 | 2023 | 2024 | Percentage change year on year |
|---|---|---|---|---|
| Total water consumption(㎥) | 31,692 | 33,159 | 38,353 | 15.66% |
| Water consumption Intensity(㎥/㎡) | 0.0820 | 0.0857 | 0.0936 | 9.26% |
Waste output
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| Fiscal Year | 2022 | 2023 | 2024 | Percentage change year on year |
|---|---|---|---|---|
| Total waste output(t) | 1,319 | 1,137 | 1,250 | 9.96% |
| Recycling rate(%) | 54.82 | 49.72 | 48.85 | -1.75% |
| Waste consumption Intensity(t/㎡) | 0.0079 | 0.0071 | 0.0068 | -3.77% |
Notes regarding the above performance data
- The data include all properties held by the Investment Corporation. However, for condominium-owned and common-use properties, the figures are based on the percentage of ownership, and the volume of waste is not calculated for residential properties with the exception of Of-18 M's Harajuku, Of-21 Adesso Nishiazabu, Of-25 Kayabacho Heiwa Building, Of-58 HF ESAKA EKIMAE BUILDING and Re-43 HF Komazawa-Koen Residence TOWER.
- Scope 3 GHG emissions represents emissions caused by tenants (Category 13 (leased assets (downstream)))
- For water consumption, water consumption in common areas is included in the calculation.
- Data on areas for private and common areas were calculated using the method for proportional division.
- The past results may be revised retroactively due to a review of the scope of coverage, calculation methods, etc.
- The energy consumption, GHG emissions, and water consumption data for the fiscal year 2022 and 2023 and 2024 have received the independent third-party assurance of Sustainability Accounting Co., Ltd.