One REIT, Inc.
Climate Impact & Sustainability Data (2022-04 to 2023-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:14,609 t-CO2 (2022, Scope 1 & 2)
Renewable Energy Share:0%
Water Consumption:158,615 m3 (2022)
Waste Generated:1,391 tons (2022)
Carbon Intensity:0.15064 t-CO2/m2 (2022)
ESG Focus Areas
- Climate Change
- Energy Efficiency
- Water Conservation
- Waste Reduction
- Disaster Resilience
- Tenant Satisfaction
- Employee Well-being
- Diversity & Inclusion
- Corporate Governance
- Compliance
- Risk Management
Environmental Achievements
- Reduced GHG emissions intensity by 100% (target for 2050)
- Reduced water consumption intensity by 10% (target for 2030)
- Increased green building certification rate to 79.3% (as of Aug 2023)
- Reduced kerosene usage by approximately 14% per year (Daihakata Building)
- Reduced electricity usage by approximately 51% annually (Crescendo Building)
Social Achievements
- Implemented tenant satisfaction surveys on 10 properties
- Installed rental bicycle ports and LUUP electric scooter sharing service
- Implemented various work styles (ABW) with high employee participation rate (85.7%)
- Maintained employee retention rate above 95%
- Implemented various employee well-being initiatives
Governance Achievements
- Established a robust compliance structure including a Compliance Office, Compliance Officer, and Compliance Committee
- Implemented a whistleblower system
- Established measures to prevent conflicts of interest
- Conducted regular compliance training with high attendance rates
Climate Goals & Targets
Long-term Goals:
- Reduce GHG emissions intensity by 100% by 2050
Medium-term Goals:
- Reduce GHG emissions intensity by 40% by 2030
- Increase green building certification rate to 90% by 2030
Short-term Goals:
- Reduce GHG emissions intensity by 40% by 2030
- Reduce water consumption intensity by 10% by 2030
- Increase green building certification rate to 90% by 2030
- Complete tenant satisfaction surveys for all properties by end of FY2023
Environmental Challenges
- Climate change related risks (transition and physical risks)
- Maintaining high tenant satisfaction
- Ensuring employee well-being and engagement
- Managing potential conflicts of interest
- Maintaining high compliance standards
Mitigation Strategies
- Scenario analysis to assess climate-related risks and opportunities
- Implementation of energy-saving measures and renewable energy initiatives
- Regular tenant satisfaction surveys and responsive actions
- Various employee well-being programs and engagement initiatives
- Strict internal procedures and a robust compliance framework
- Regular compliance training and a whistleblower system
Supply Chain Management
Responsible Procurement
- Mizuho Code of Conduct and Procurement Policy
Climate-Related Risks & Opportunities
Physical Risks
- More severe natural disasters
- Major increase in average sea level
- More frequent strong rain
- Flooding of low-elevation properties
Transition Risks
- Introduction of carbon tax
- Stricter energy laws/regulations
- Changes in tenant demand/real estate transaction demand
Opportunities
- Lower property acquisition costs due to stranded assets
- Higher property value and profits through green building conversion
- Higher rent revenue due to increased competitiveness of green buildings
- Greater occupancy/higher property value due to increased demand for renewable energy-based properties
Reporting Standards
Frameworks Used: GRI Standards, TCFD Recommendations
Awards & Recognition
- GRESB 3 Stars and Green Star (2023)