International Initiatives
Support for the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations
In December 2021, the Asset Management Company expressed its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), which was established by the Financial Stability Board (FSB) to consider how climate-related information should be disclosed and addressed by financial institutions. The Company also joined the TCFD Consortium, an organization made up of Japanese companies that support the TCFD recommendations.
Science Based Targets (SBT) Certification
The Investment Corporation has set the goal of reducing its Scope 1 and Scope 2 GHG emissions by 50% from the levels in 2018 by 2030, while also committing to measuring and reducing its Scope 3 emissions. These initiatives were certified by the SBTi on March 1, 2024.
External Evaluations
GRESB Real Estate Assessment
GRESB is a benchmark system for annually evaluating environmental, social, and governance (ESG) considerations of real estate companies and funds and the organization operating the system, which was established in 2009 primarily by major European pension fund groups that led the Principles for Responsible Investment (PRI). This assessment is not conducted with respect to individual real estate; it is an assessment of the environmental and sustainability initiatives pursued by each real estate company and REIT.
In the 2024 GRESB Real Estate Assessment, the Investment Corporation received “3 Stars” in GRESB Rating, which is based on GRESB overall score and its quintile position relative to global participants. In addition, the Investment Corporation has been given the “Green Star” designation for the 8th consecutive year, which designates a company with excellent performance on both the Management Component and Performance Component of its sustainability assessment.
In addition, the Investment Corporation received the highest “A Level” for the GRESB Public Disclosure, which measures the quality of ESG information disclosure.
