Climate Change Data

Hoshino Resorts REIT, Inc.

Climate Impact & Sustainability Data (2024-04 to 2024-10)

Reporting Period: 2024-04 to 2024-10

Environmental Metrics

Total Carbon Emissions:61,784 t-CO2e (2023)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:186,039 MWh (2023)
Water Consumption:1,682,120 m3 (2023)
Waste Generated:4,171 tons (2023)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Community Investment
  • Employee Well-being
  • Regional Revitalization
  • Circular Economy

Environmental Achievements

  • Implemented various initiatives to reduce GHG emissions, aiming for a 40% reduction by 2030 (compared to 2020) and net-zero by 2050.
  • Achieved 93.5% coverage of green lease agreements.
  • Initiated composting of food waste at the Iriomote Island Hotel, aiming for a circular economy.
  • Maintained a 3-star GRESB rating and an A-level GRESB disclosure rating.

Social Achievements

  • Regular tenant satisfaction surveys to improve employee well-being.
  • Expanded back office facilities at Hoshino Resorts' properties to improve working conditions.
  • Partnered with local communities for regional revitalization initiatives (e.g., Yatsugatake Marche).
  • Community investment through various activities, including providing hotel sweets to children at a childcare center.

Governance Achievements

  • Strong leadership from management in pursuing CSV (Creating Shared Value).

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions by 2050.
Medium-term Goals:
  • Reduce GHG emissions by 40% by 2030 (compared to 2020).
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Temporary labor shortages impacting growth in some Hoshino Resorts properties.
  • Slow recovery of banquet and restaurant demand in city hotels post-pandemic.
  • Climate change related risks (physical and transition risks).
Mitigation Strategies
  • Addressing labor shortages through recruitment expansion.
  • Strategic CAPEX and rebranding investments to enhance competitiveness.
  • TCFD-aligned scenario analysis to assess climate-related risks and opportunities.
  • Development of alternative sourcing strategies (e.g., circular economy initiatives).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Collaboration with local farmers for composting and sourcing of ingredients.

Climate-Related Risks & Opportunities

Physical Risks
  • Disasters exacerbated by climate change
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Newsweek Japan SDGs Award 2023 (Decarbonization Category)