Samty Residential Investment Corporation
Climate Impact & Sustainability Data (February 2023 to January 2024)
Reporting Period: February 2023 to January 2024
Environmental Metrics
Total Carbon Emissions:1,480 t-CO₂e (2022)
Total Energy Consumption:3,617,195 kWh (2022)
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Achieved a 11.1% reduction in electricity consumption intensity (kWh/㎡) from 2020 to 2022.
- Achieved a 22.0% reduction in t-CO₂e emissions intensity (t-CO₂e/㎡) from 2020 to 2022.
- 30.2% of the portfolio (by floorspace) acquired environmental certification.
- Introduced renewable energy power plans for common areas in 7 properties.
- Installed LED lighting in common areas of 117 properties.
- Achieved a 56.8% rate of green lease clauses concluded (by total leasable area as of April 30, 2023).
Social Achievements
- Conducted annual employee satisfaction surveys and implemented improvements based on results.
- Improved working environments by installing break spaces and implementing an open desk assignment system.
- Established telecommuting regulations and implemented hybrid work.
- Supported employee training and provided in-house training.
- Established a whistleblowing system.
- Conducted annual health checkups for all officers and employees.
- Introduced various benefit programs to support work-life balance.
- Introduced delivery boxes and delivery drop-off services to improve convenience for tenants and reduce re-deliveries.
Governance Achievements
- Declared support for the TCFD recommendations and joined the TCFD Consortium.
- Established a Sustainability Promotion Office and defined a clear governance structure for sustainability matters.
- Established internal compliance systems and appointed a Senior Compliance Officer.
- Conducted regular compliance and sustainability training for all officers and employees.
- Established a Contingency Plan to guide actions during emergencies.
- Established AML/CFT-related systems and regularly conducts risk assessments.
Climate Goals & Targets
Long-term Goals:
- Net zero GHG emissions by 2050
Medium-term Goals:
- Reduce GHG emissions by 50% by 2030 (vs. total emissions in 2020)
- Acquire environmental certification for 30% or more of the portfolio (by floorspace)
Environmental Challenges
- Climate change related risks (physical and transition risks)
- Maintaining high tenant satisfaction
- Ensuring compliance with laws and regulations
- Managing risks associated with investment management
Mitigation Strategies
- Conducted scenario analysis based on IEA and IPCC scenarios to identify and assess climate-related risks and opportunities.
- Implemented measures to address risks such as setting reduction targets for GHG emissions, systematically carrying out renovation work, and strengthening engagement with investors.
- Implemented initiatives to capture opportunities such as introducing renewable energy and acquiring environmental certifications.
- Regularly holds feedback meetings with property management to improve tenant satisfaction.
- Established internal compliance systems and appointed a Senior Compliance Officer.
- Established the Asset Management Guidelines and Regulations on Transactions with Interested Parties to manage risks associated with investment management.
Supply Chain Management
Responsible Procurement
- Encouraging sustainability activities at PM companies and other suppliers
- Establishing selection standards for suppliers
- Promoting sustainable procurement
Climate-Related Risks & Opportunities
Physical Risks
- Severe wind and flooding
- Rising average temperature/sea levels
Transition Risks
- Strengthening of taxation on GHG emissions
- Strengthening of energy conservation standards
- Evolution and diffusion of renewable energy and energy conservation technologies
- Changes in investors'/financial institutions' evaluations
Opportunities
- Increased competitiveness of properties with high environmental performance
- Appealing to tenants and users by providing low emission facilities and services
- Preference for disaster-resistant properties
- Developing a new investor base through initiatives that contribute to climate change action
Reporting Standards
Frameworks Used: GRI Standards, TCFD
Third-party Assurance: Sustainability Accounting Co., Ltd.