Climate Change Data

KJR Management

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:JMF: 27,602 tCO2e (2022); IIF: 25,762 tCO2e (2022)
Scope 1 Emissions:JMF: 5,542 tCO2e (2022); IIF: 25,733 tCO2e (2022)
Scope 2 Emissions:JMF: 22,061 tCO2e (2022); IIF: 29 tCO2e (2022)
Scope 3 Emissions:JMF: 206,297 tCO2e (2022); IIF: 156,937 tCO2e (2022)
Renewable Energy Share:JMF: 15.7% (2023); IIF: 90% (2023)
Total Energy Consumption:JMF: 783,880 MWh (2022); IIF: 152,185 MWh (2022)
Water Consumption:JMF: 2,681,000 m3 (2022); IIF: 926,000 m3 (2022)
Waste Generated:JMF: 27,480 tons (2022); IIF: 7,090 tons (2022)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Energy Efficiency
  • Building Resilience
  • Health and Well-being of Tenants
  • Employee Cultivation and Satisfaction
  • Diversity, Equity, and Inclusion
  • Compliance
  • Supply Chain Management
  • Human Rights

Environmental Achievements

  • Established new GHG emissions reduction targets certified by SBTi: 42% reduction in Scope 1 & 2 emissions by 2030 (compared with 2020 for JMF, 2021 for IIF), aiming for net-zero by 2050.
  • Increased renewable energy share to approximately 15.7% in 2023 (JMF).
  • Switched to electricity from renewable energy at IIF Shonan Health Innovation Park.
  • Improved building certified ratio (based on total floor space) to 79.2% (JMF) and 35.2% (IIF) as of February 2024.
  • Implemented various energy-saving measures, including LED lighting and efficient air conditioning.

Social Achievements

  • Established the KJR Management Human Rights Policy.
  • Established the Sustainable Procurement Policy.
  • Implemented employee satisfaction surveys with a response rate of 96.7%.
  • Achieved 83.3% utilization rate of parental leave by male employees (April 2022-December 2023).
  • Increased the percentage of female employees in management roles to 15.2% as of December 31, 2023.

Governance Achievements

  • Operates sound business based on high ethical standards in accordance with the Code of Ethics.
  • 100% employee participation in compliance training.
  • Established the Anti-Corruption and Bribery Prevention Policy.
  • Implemented a robust risk management system.

Climate Goals & Targets

Long-term Goals:
  • JMF: Achieve net-zero GHG emissions throughout the entire value chain by 2050.
  • IIF: Achieve net-zero GHG emissions throughout the entire value chain by 2050.
Medium-term Goals:
  • JMF: Reduce total emissions by 42% compared to 2020 (Scope 1 & 2) by 2030; Achieve 50% renewable energy ratio by 2030.
  • IIF: Reduce total emissions by 42% compared to 2021 (Scope 1 & 2) by 2030; Achieve 100% renewable energy ratio by 2030.
Short-term Goals:
  • JMF: Acquire certifications for 75% or more of the total portfolio by 2024.
  • IIF: Acquire certifications for 60% or more of the total portfolio by 2025; 70% for logistics facilities by 2025.

Environmental Challenges

  • Climate change related risks (physical and transition risks)
  • Maintaining high environmental performance of properties
  • Ensuring health and well-being of employees and tenants
  • Promoting diversity, equity, and inclusion
  • Maintaining high compliance standards
Mitigation Strategies
  • Implemented scenario analysis based on TCFD recommendations.
  • Set new GHG emission reduction targets and obtained SBTi certification.
  • Introduced renewable energy sources and energy-saving technologies.
  • Implemented disaster prevention measures.
  • Established human rights and sustainable procurement policies.
  • Conducted regular compliance training and established a robust compliance system.

Supply Chain Management

Supplier Audits: Annual supplier evaluations and audits.

Responsible Procurement
  • Sustainable Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Typhoons
  • Torrential rain
  • Flooding
  • Inundation
  • Sea level rise
Transition Risks
  • Policy and regulatory changes
  • Market shifts
  • Increased costs of acquiring environmental certifications
Opportunities
  • Lower financing costs through green finance
  • Increased asset value through improved greening performance
  • Improved reputation and brand value

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: SBTi

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • GRESB Real Estate rating
  • CDP Climate Change Program rating