Climate Change Data

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.