Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Medium- to long-term target of 1% average annual reduction in energy use intensity.
• Medium- to long-term target of 1% annual average reduction in greenhouse gas emissions intensity.
• Switching to LED lights in common areas/Replacing air conditioners in exclusive areas
• Progress in reduction of power consumption and environmental impact.
• Implementation of LED lighting
• Replacement of air conditioners
• GRESB Real Estate Assessment acquired “Green Star,” the highest rating, for two consecutive years.
• DBJ Green Building Certification acquired for COMFORIA SHINJUKU EASTSIDE TOWER

Social Achievements

• Hold tenant participation events (COMFORIA SHINJUKU EASTSIDE TOWER)
• Services taking tenant needs into consideration are provided, including an exercising event utilizing rooftop pool and a concert event inviting a popular violinist.
• Installation of donation-type vending machines
• Established a disaster provision warehouse and manhole toilets for neighboring residents and workers in preparation for a disaster.
• Conduct Tenant satisfaction survey

Governance Achievements

• Established a governance framework that gives first priority to compliance and is pouring its efforts in prevention of conflict of interest, risk management and legal compliance.
• In the public offering held in Feb. 2019, the sponsor acquired 5,384 units, which is 10% of the number of issuing units.
• Aiming to make a strong relationship with the sponsor and to achieve mutual interests improvement by aligning the interests of the unitholders to that of the sponsor.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• environmentally friendly procurement

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7
• Goal 11
• Goal 12
• Goal 16

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced energy consumption intensity by 11.3% from 0.113 MWh/m² in 2019 to 0.091 MWh/m² in 2020.
• Reduced CO2 emissions intensity by 23.4% from 0.047 t-CO2/m² in 2019 to 0.036 t-CO2/m² in 2020.
• Issued green bonds totaling ¥4,500 million for green projects and refurbishments.

Social Achievements

• Conducted employee satisfaction surveys and implemented various measures to improve work-life balance (flex-time, work-from-home, paid leave encouragement).
• Implemented initiatives to improve tenant satisfaction (delivery lockers, resident satisfaction surveys, value enhancement work).
• Engaged with local communities through donations, disaster prevention measures, and community activities.

Governance Achievements

• Established a Sustainability Department and Sustainability Promotion Council.
• Implemented a new asset management fee system linking incentives to unitholder value growth.
• Established a comprehensive corporate governance and compliance management structure.

Climate Goals & Targets

Environmental Challenges

• Climate change risks (extreme weather, sea level rise)
• Maintaining sufficient skilled resources
• Maintaining communication with local communities during emergencies

Mitigation Strategies

• Medium-to-long-term target of 1% average annual reduction in energy use and CO2 emissions intensity.
• Various employee training programs and support for acquiring business-related qualifications.
• Capital expenditure from a disaster prevention perspective and public disclosure of evacuation sites/emergency reserves.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Green Procurement Standards

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Sea level rise

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: DBJ Green Building Certification

Third-party Assurance: Ernst & Young ShinNihon LLC

UN Sustainable Development Goals

• SDG 7
• SDG 11
• SDG 12
• SDG 16

CRR and TRM's initiatives contribute to these SDGs through reducing environmental impact, enhancing inclusive and sustainable urbanization, promoting sustainable consumption and production patterns, and ensuring responsive, inclusive, participatory and representative decision-making.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Obtained BELS labelling for GRANCREER TACHIKAWA and COMFORIA KITAZAWA.
• Achieved a 19.7% environmental certification ratio in 2023 (target is 40% by 2030).
• Issued Green Bonds in 2020 and 2021.

Social Achievements

• Implemented various employee well-being initiatives, including flexible work arrangements, paid leave encouragement, and welfare programs.
• Employee engagement level reached 67.4% in 2023.
• Actively engaged with tenants through satisfaction surveys and collaborative initiatives.

Governance Achievements

• Established a comprehensive corporate governance structure.
• Implemented a management fee system linked to dividend per unit.
• Signed onto the Principles for Responsible Investment (PRI), joined GRESB as a member, and embraced the UN Global Compact (UNGC).

Climate Goals & Targets

Environmental Challenges

• Climate change risks (transition and physical risks)
• Maintaining high tenant satisfaction
• Ensuring compliance with laws and regulations

Mitigation Strategies

• Scenario analysis to identify and manage climate-related risks and opportunities.
• Regular tenant satisfaction surveys and responsive actions.
• Established a Compliance Department and Committee, and implemented compliance training.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Green Procurement Standards

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather events
• Rising mean temperatures and sea levels

Transition Risks

• Increased pricing of GHG emissions
• Stricter environmental regulations

Opportunities

• Higher efficiency due to shift to properties with higher eco performance
• Securing competitive edge by shifting to properties with higher environmental performance

Reporting Standards

Frameworks Used: GRI

Certifications: DBJ Green Building Certification, CASBEE Certification for Real Estate, BELS

Third-party Assurance: Ernst & Young ShinNihon LLC

UN Sustainable Development Goals

• SDG 7
• SDG 11
• SDG 12
• SDG 16

Initiatives contribute to these goals through environmental conservation, community engagement, responsible procurement, and good governance.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Society
• Governance

Environmental Achievements

• 1% average annual reduction in energy use intensity (medium-to-long-term target)
• 40% reduction in greenhouse gas emissions intensity by 2030 (vs. 2020)
• Acquisition of environmental certifications (DBJ Green Building, CASBEE, BELS)
• Introduction of green leases
• Promotion of environment-friendly procurement
• Introduction of renewable energy (solar power)
• Implementation of energy efficiency retrofits (LED lighting, air conditioner replacement)

Social Achievements

• Implementation of human capital management based on respect for human rights and diversity
• Various training programs for employee development
• Promotion of work-life balance (paid leave encouragement, flex-time, work-from-home)
• Welfare programs for employee well-being
• Initiatives to improve tenant satisfaction (surveys, internet equipment)
• Collaboration with tenants on sustainability initiatives
• Initiatives to engage with local communities (disaster preparedness, community events)
• Collaboration with suppliers on sustainable procurement

Governance Achievements

• Establishment of a comprehensive corporate governance structure
• Establishment of Sustainability Promotion Council
• Establishment of a Compliance Committee
• Implementation of compliance management system
• Risk management framework
• Whistleblower system
• Alignment of interests between unitholders and sponsor
• Management fee structure linked to dividend per unit

Climate Goals & Targets

Environmental Challenges

• Climate change risks (transition risks and physical risks)
• Maintaining competitive edge in a decarbonized society
• Potential damage to properties due to extreme weather events

Mitigation Strategies

• Scenario analysis under 1.5℃ and 4℃ scenarios
• Introduction of renewable energy
• Energy efficiency retrofits
• Increasing the proportion of environmentally certified properties
• Incorporating green-lease provisions in tenant contracts
• Disaster preparedness measures (emergency kits, evacuation maps, flood protection)
• Business continuity management (BCM) policy

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Green Procurement Standards
• Basic Policy on Sustainable Procurement

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather events
• Rising mean temperatures and sea levels

Transition Risks

• Increased pricing of GHG emissions
• Stricter environmental regulations
• Changing customer behavior

Opportunities

• Higher efficiency due to shift to properties with higher eco performance
• Securing competitive edge by shifting to properties with higher environmental performance

Reporting Standards

Frameworks Used: GRI

Certifications: DBJ Green Building Certification, CASBEE Certification for Real Estate, BELS

Third-party Assurance: Ernst & Young ShinNihon LLC

UN Sustainable Development Goals

• SDG 7
• SDG 11
• SDG 12
• SDG 16

Various initiatives contribute to these SDGs through environmental conservation, community engagement, responsible procurement, and good governance.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed