Climate Change Data

Daiwa Office Investment Corporation, Daiwa Securities Living Investment Corporation, and Daiwa Real Estate Asset Management Co. Ltd.

Climate Impact & Sustainability Data (2021, 2022-04 to 2023-03, 2023-04 to 2024-03)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:44,675 t-CO2e
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:107,902 MWh
Water Consumption:313,046 m3
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced energy consumption intensity by 7.65% and CO2 emissions intensity by 10.72% compared to the baseline year (FY2020).
  • Maintained water consumption at the same level as the baseline year (FY2020).

Social Achievements

  • Implemented various tenant safety and security measures against COVID-19, including installing air cleaners and disinfectants.
  • Engaged in community events and collaborated with local organizations.
  • Improved employee work-life balance through initiatives like Jeans Day and flexible work arrangements.

Governance Achievements

  • Established a Sustainability Promotion Committee and Office to strengthen ESG initiatives.
  • Implemented measures to prevent conflicts of interest among funds.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • 5% reduction in energy consumption and CO2 emissions intensity by FY2025 compared to FY2020 on an intensity basis.
  • Maintain current level of water usage by FY2025 compared to FY2020.

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable Procurement Policy considers sustainability initiatives when selecting new property management companies and suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRESB Real Estate Assessment

Certifications: Various environmental certifications and ratings by external evaluation organizations (Specific certifications not listed)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:34,589 t-CO2 (DOI), 3,611 t-CO2 (DLI) in FY2022
Renewable Energy Share:0% (DOI & DLI)
Total Energy Consumption:83,902 MWh (DOI), 8,687 MWh (DLI) in FY2022
Water Consumption:296,251 m³ (DOI), 194,337 m³ (DLI) in FY2022
Waste Generated:3,478 tons (DOI) in FY2022, data not available for DLI

ESG Focus Areas

  • Climate Change
  • Diversity, Equity & Inclusion (DEI)
  • Governance
  • Social contribution
  • Resource and Energy Conservation
  • Recycling
  • Biodiversity
  • Human Rights

Environmental Achievements

  • Reduced CO2 emissions by 19.49% (DOI) and 27.78% (DLI) from the base year.
  • Achieved 61.5% environmental certification rate (DOI) and 15.8% (DLI) of portfolio properties.
  • Implemented various eco-friendly initiatives such as LED lighting installation, high-efficiency equipment upgrades, and green leasing.

Social Achievements

  • Launched initiatives for tenants and local communities, including disaster prevention measures and community engagement.
  • Implemented DEI initiatives, including formulating a General Business Owner Action Plan.
  • Enhanced employee well-being programs, including subsidies for dental checkups and the 'Good Sleep Daiwa' project.

Governance Achievements

  • Established a Sustainability Promotion Committee and Office.
  • Formulated a Sustainability Policy and various related policies (Energy Conservation Policy, Greenhouse Gas Emissions Reduction Policy, Water Saving Policy, Sustainable Procurement Policy, Climate Change and Resilience Policy).
  • Implemented a robust compliance structure, including conflict of interest rules and a whistleblowing system.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality in CO2 emissions on an intensity basis across the portfolio by FY2050 (DOI).
Medium-term Goals:
  • Reduce CO2 emissions by 46% on an intensity basis by FY2030 (DOI), 8% reduction by FY2030 (DLI)
  • Achieve at least 20.0% environmental certification ratio for the entire portfolio by FY2030 (DLI), 70% (DOI)
Short-term Goals:
  • Reduce energy consumption by an average of 1% per year (DOI & DLI).

Environmental Challenges

  • Climate change risks (transition risks and physical risks such as typhoons and floods).
  • Need to further enhance ESG disclosure and stakeholder engagement.
  • Maintaining high environmental performance while managing a growing portfolio.
Mitigation Strategies
  • Conducted scenario analysis (1.5°C/2°C and 4°C scenarios) to identify and assess climate-related risks and opportunities.
  • Set medium-term and long-term targets for CO2 emission reduction and environmental certification acquisition.
  • Implemented various mitigation measures, including energy-saving initiatives, renewable energy adoption, and resilient property portfolio development.

Supply Chain Management

Responsible Procurement
  • Sustainable Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Typhoons
  • Floods
  • Higher temperatures
  • Sea level rise
Transition Risks
  • Stricter GHG emission regulations
  • Changes in investor/lender/tenant stances
  • Technological advancements
Opportunities
  • Enhanced competitiveness of environmentally-performing properties
  • Reduced utility bills through improved energy efficiency
  • Opportunities in green finance

Reporting Standards

Frameworks Used: GRESB, TCFD

Certifications: CASBEE, DBJ Green Building, BELS, Eco Action 21 (DOI - studying)

Third-party Assurance: SOMPO Risk Management (for DOI/DLI environmental performance data)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Diversity, Equity & Inclusion (DEI)
  • Governance
  • Social Initiatives
  • Environmental Initiatives

Environmental Achievements

  • DOI: Reduced CO2 emissions by 34.60% (intensity basis) from FY2019 to FY2023.
  • DLI: Reduced CO2 emissions by 1.78% (intensity basis) from FY2022 to FY2023.
  • Achieved EcoAction21 certification (DOI).
  • Increased environmental certification acquisition rates (DOI and DLI).
  • Progressive installation of LED lighting and high-efficiency heat source equipment (DOI and DLI).
  • Upgrading to water-efficient equipment (DOI and DLI).
  • Implementation of green lease agreements (DOI and DLI).

Social Achievements

  • Launched 'Shuffle Lunch Meetings' to revitalize internal communication.
  • Introduced DOI/DLI investment unit ownership program for employees.
  • Implemented sustainability training for healthcare facility operators (DLI).
  • Obtained Kurumin certification (Asset Manager).
  • Introduced Nursing Care DX to improve resident comfort and staff efficiency (DLI).

Governance Achievements

  • Established Sustainability Promotion Committee and Office.
  • Formulated Sustainability Policy and Regulations for Sustainability Promotion System.
  • Established Climate Change and Resilience Policy.
  • Implemented a whistleblowing system.
  • Established a system to eliminate antisocial forces.

Climate Goals & Targets

Long-term Goals:
  • DOI: Achieve carbon neutrality (intensity basis) by FY2050.
  • DLI: Achieve carbon neutrality (intensity basis) by FY2050.
Medium-term Goals:
  • DOI: Reduce CO2 emissions by 46% (intensity basis) by FY2030 (compared with FY2013), achieve 70% environmental certification ratio.
  • DLI: Reduce CO2 emissions by 20% (intensity basis) by FY2030 (compared with FY2022), achieve 20% environmental certification ratio.
Short-term Goals:
  • DOI: Reduce energy consumption intensity by an average of 1% per year.
  • DLI: Reduce energy consumption intensity by an average of 1% per year.

Environmental Challenges

  • Climate change risks (transition risks and physical risks, including typhoons, floods, and rising temperatures).
  • Increased needs for environmental performance and compliance with environmental regulations from stakeholders.
Mitigation Strategies
  • Scenario analysis of climate change impacts.
  • Introduction of energy management systems and renewable energy.
  • Planned reduction of energy consumption/GHG emissions.
  • Improvement in GHG emissions through strategic replacement/renovation of properties.
  • Enhancement of BCP measures.
  • Appropriate disclosure of ESG-related information.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Typhoons
  • Floods
  • Rising temperatures
  • Sea level rise
Transition Risks
  • Stricter regulations against GHG emissions
  • Stricter energy-saving standards
  • Changes in investor/lender/tenant stances
Opportunities
  • Enhanced competitiveness of properties with high environmental performance
  • Decreased utility bills thanks to improved energy efficiency
  • Reduction of financing costs through sustainability finance

Reporting Standards

Frameworks Used: TCFD, GRESB

Certifications: EcoAction21, CASBEE, DBJ Green Building, BELS, LEED, JHEP

Third-party Assurance: SOMPO Risk Management (for environmental performance data)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed