Climate Change Data

Global One Real Estate Investment Corporation

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

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:10830 t-CO2e
Scope 1 Emissions:470 t-CO2e
Scope 2 Emissions:5480 t-CO2e
Scope 3 Emissions:4880 t-CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:35957 MWh
Water Consumption:128500 m3
Waste Generated:1089 tons
Carbon Intensity:0.0523 t-CO2e/㎡

ESG Focus Areas

  • Climate Change
  • Energy Efficiency
  • Renewable Energy
  • Water Conservation
  • Waste Management
  • Tenant Satisfaction
  • Employee Engagement
  • Diversity, Equity, and Inclusion (DEI)
  • Compliance
  • Information Disclosure

Environmental Achievements

  • Increased the ratio of properties with environmental certification to 88.2% of the portfolio.
  • Received a "5 Stars" rating in the GRESB Real Estate Assessment and the highest "A Level" for GRESB Public Disclosure for the third consecutive year.
  • Implemented various energy-saving measures, including LED lighting and greening rooftops.

Social Achievements

  • Established a DEI Promotion Policy and Panel to foster a diverse and inclusive workplace.
  • Implemented COVID-19 countermeasures to promote health and safety.
  • Conducted employee satisfaction surveys and implemented initiatives to improve employee engagement.

Governance Achievements

  • Established a robust ESG Promotion Council to oversee ESG initiatives.
  • Implemented a comprehensive compliance program and risk management framework.
  • Proactively disclosed ESG information to stakeholders.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions by fiscal year 2050.
Medium-term Goals:
  • Reduce greenhouse gas emission intensity by 35% by fiscal year 2030 (vs. fiscal year 2018).
  • Increase the coverage rate of properties with external environmental certifications to 100% by fiscal year 2030.
Short-term Goals:
  • Reduce energy consumption intensity by an average of 1% per year and 5% over 5 years.
  • Reduce water consumption intensity by an average of 0.2% per year and 1% over 5 years.
  • Improve waste recycling rate by an average of 0.1% per year and 1% over 10 years.

Environmental Challenges

  • Transition risks associated with the shift to a low-carbon economy.
  • Physical risks from climate change, such as increased severity of natural disasters.
  • Maintaining high tenant satisfaction and addressing their evolving needs.
Mitigation Strategies
  • Set medium-term (35% reduction by 2030) and long-term (net-zero by 2050) greenhouse gas emission reduction targets.
  • Implemented various energy-saving measures and improved environmental certification acquisition rate.
  • Conducted scenario analysis to assess climate-related risks and opportunities.
  • Regularly conducted tenant satisfaction surveys and implemented improvements based on feedback.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable Procurement Policy focusing on environmentally friendly and health-conscious products and contractors.

Climate-Related Risks & Opportunities

Physical Risks
  • Increased severity of storms and typhoons
  • Flooding
  • Rising sea levels
  • Increased A/C costs due to temperature rise
Transition Risks
  • Increased tax burden and regulatory compliance costs
  • Increased costs for energy-saving upgrades
  • Fluctuation in asset values based on properties’ environmental performance
  • Improved/worse financing conditions
  • Fluctuation in occupancy rates and rental income
Opportunities
  • Increased rental income, reduced regulatory compliance costs, and reduced utility costs due to improved energy efficiency
  • Reduced utility costs due to improved energy-saving performance
  • Steep price increase for green real estate

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: GRESB, CASBEE for Real Estate, DBJ Green Building Certification, BELS Certification, JHEP Accreditation (AAA)

Third-party Assurance: Sustainability Accounting Co., Ltd.

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

Initiatives contribute to these goals through energy efficiency, waste reduction, water conservation, and climate change mitigation.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • 2018 Good Design Award (Otemachi First Square)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:12540 t-CO2e
Scope 1 Emissions:410 t-CO2e
Scope 2 Emissions:6530 t-CO2e
Scope 3 Emissions:6020 t-CO2e
Total Energy Consumption:36613 MWh
Water Consumption:160200 m3
Waste Generated:1147 tons
Carbon Intensity:0.0537 t-CO2e/㎡

ESG Focus Areas

  • Climate Change
  • Energy Efficiency
  • Renewable Energy
  • Water Conservation
  • Waste Management
  • Tenant Satisfaction
  • Employee Engagement
  • Diversity, Equity, and Inclusion (DEI)
  • Human Capital Development
  • Compliance
  • Information Disclosure

Environmental Achievements

  • Obtained SBTi certification for near-term and net-zero targets.
  • Received "5 Stars" in the GRESB Real Estate Assessment for the fourth consecutive year.
  • Received the highest "A Level" for GRESB Public Disclosure for the fourth consecutive year.
  • Increased the ratio of properties with environmental certification to 90.5%.

Social Achievements

  • Established Human Rights Policy and DEI Promotion Policy.
  • Created a DEI Promotion Panel.
  • Created a new human resource and skill development program.
  • Administered employee engagement surveys.

Governance Achievements

  • Established an ESG Promotion Council.
  • Implemented compliance training.
  • Expressed support for TCFD recommendations and joined the TCFD Consortium.
  • Formulated a fundamental human rights policy.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero GHG emissions by 2050 (Scope 1+2+3).
Medium-term Goals:
  • Reduce GHG emissions (total) by 42% by 2030 (Scope 1+2).
  • Increase the coverage rate of properties with external environmental certification to 100% by 2030.
Short-term Goals:
  • Reduce energy consumption intensity by 10% by 2030.
  • Reduce water consumption intensity by 2% by 2030.
  • Increase waste recycling rate by 1% by 2030.

Environmental Challenges

  • Transition risks associated with a low-carbon economy.
  • Physical risks from climate change (acute and chronic).
  • Increased climate risk-related disclosure requirements.
  • Growing tenant concern about climate-related strategy.
  • Increased investor concern about climate-related strategy.
Mitigation Strategies
  • Implemented scenario analysis based on future temperature changes.
  • Set new medium- and long-term targets for GHG emission reduction.
  • Developed countermeasures to minimize transition and physical risks and maximize opportunities.
  • Monitors the status of implementing energy-saving countermeasures.
  • Plans to begin CRREM risk analysis in fiscal 2024.

Supply Chain Management

Responsible Procurement
  • Sustainable Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Damage from severe weather events
  • Sea level rise
  • Increased A/C costs
Transition Risks
  • Increased tax burden
  • Regulatory compliance costs
  • Energy-saving upgrade costs
  • Fluctuation in asset values
Opportunities
  • Increased rental income from energy-efficient buildings
  • Improved financing conditions
  • Steep price increase for green real estate

Reporting Standards

Frameworks Used: GRI Standards 2021

Third-party Assurance: Sustainability Accounting Co., Ltd.

UN Sustainable Development Goals

  • 7
  • 11
  • 12
  • 13
  • 3
  • 4
  • 8
  • 16

Initiatives contribute to these goals through various environmental, social, and governance actions.

Awards & Recognition

  • GRESB 5 Stars
  • GRESB A Level Public Disclosure
  • Good Design Award (Otemachi First Square)