Advance Residence Investment Corporation

Climate Impact & Sustainability Data (2024-02 to 2024-07)

Reduced energy consumption by 6.3% (intensity) vs. FY2018
Reduced CO2 emissions (Scope 1 & 2) by 97.7% (total) vs. FY2018
Increased green building energy-saving certifications to 32.8% (+0.6pt) of total floor area
Installed electricity metering systems in 77.3% (+15.5pt) of properties
Introduced LED lighting in 53.3% (+2.1pt) of properties
Achieved 4-star rating in GRESB Real Estate Assessment for the second consecutive year
Selected as Asia Sector Leader in CDP for the first time

Launched living room remodeling project, aiming for 8,000 units over 13 years
Conducted periodic tenant satisfaction surveys
Installed disaster prevention maps in all properties
Provided disaster prevention goods free of charge
Promoted installation of AED equipment and donation vending machines
Supported employee volunteer activities and donations to charitable organizations

Participated in CDP in 2023 (Management Level B)
Obtained SBT certification in March 2023
Increased the number of fund officers and appointed female officers comprising 25%
Conducted in-house compliance training with 100% participation rate
Established Sustainability Promotion Committee and expert team

Long-term Goals:

Short-term Goals:

Decrease in occupancy rate due to the remodeling project in Tokyo’s 23 wards (-0.4pt)
Extension of construction period and increase in units under construction impacting occupancy rate
Negative operating income/loss from living room remodeling project in initial years

Additional reversal of reserve for temporary difference adjustment to compensate for temporary negative operating income/loss
Revision of depreciation method to level out depreciation trend
Focus on rental increases and ease key money requirements to maintain competitiveness

Frameworks Used: TCFD, GRESB, CDP, SBTi

Certifications: CASBEE, DBJ Green Building Certification, BELS, SBT