Climate Change Data

Japan Logistics Fund, Inc.

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

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:24,983 t-CO2e/year
Scope 1 Emissions:0 t-CO2e/year
Scope 2 Emissions:623 t-CO2e/year
Scope 3 Emissions:24,360 t-CO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:62,610 MWh/year
Water Consumption:123,787 m3/year
Waste Generated:10,602 tons/year
Carbon Intensity:0.016 t-CO2/㎡ in FY2023

ESG Focus Areas

  • Climate Change
  • Resource Circulation
  • Green Building
  • Stakeholder Engagement
  • Diversity, Equity & Inclusion (DEI)
  • Compliance
  • Governance

Environmental Achievements

  • Achieved net zero Scope 1 and 2 greenhouse gas emissions in FY2022 and FY2023 by purchasing non-fossil fuel certificates.
  • Acquired green building certifications in 88.3% of the portfolio by the end of FY2023.
  • Implemented green leases in 69.5% of the portfolio by the end of FY2023.
  • 82.9% of the portfolio converted to LED lighting.

Social Achievements

  • Conducted ESG study sessions for 100% of tenants and all PM companies.
  • Achieved 81.3% usage of paid leave days.
  • Achieved 100% response rate for health examinations and feedback interviews.
  • Conducted training in diversity, equity & inclusion (DEI) twice.

Governance Achievements

  • Received the highest 5-star rating in the 2023 GRESB Real Estate Assessment for the third consecutive year.
  • Maintains an A rating with MSCI ESG and is included in the MSCI Japan ESG Select Leaders Index.
  • 100% training participation rate for compliance training (6 hours/year).

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by FY2050
Medium-term Goals:
  • Reduce Scope 1 & 2 GHG emissions by 42% by FY2030 (compared to FY2021).
  • Achieve net zero Scope 1 & 2 GHG emissions by FY2050.
Short-term Goals:
  • Acquire green building certifications in 90% of portfolio by FY2025.
  • Implement green leases in 70% of portfolio by FY2025.
  • Achieve 75% usage of paid leave days by 2025.

Environmental Challenges

  • Intensifying natural disasters and climate change impacts on portfolio profitability.
  • Transitional risks from strengthened energy regulations, potential carbon tax, and evolving renewable energy technologies.
  • Market risks from lower tenant demand and asset values at facilities with low environmental performance.
Mitigation Strategies
  • Strengthening BCP support, implementing planned repairs, and promoting green leases.
  • Engaging with tenants and PM companies to support compliance with energy regulations, studying energy conservation and generation, and acquiring green building certifications.
  • Studying green finance to leverage increased investment opportunities from ESG-focused investors.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Requirements for corporate ethics, human rights, and industrial health and safety for property managers.

Climate-Related Risks & Opportunities

Physical Risks
  • Damage from intensifying typhoons and flooding
  • Damage from changes to meteorological patterns and rising sea levels
Transition Risks
  • Strengthened energy regulations
  • Potential carbon tax
  • Increased business expenses from compliance
Opportunities
  • Enhanced competitiveness of properties with greater resilience against disasters.
  • Increased investment opportunities from ESG-focused investors.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: GRESB, MSCI ESG

Third-party Assurance: Ernst & Young ShinNihon LLC (FY2022), Japan Audit and Certification Organization for Environment and Quality (FY2023)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • 5-star rating in 2023 GRESB Real Estate Assessment