Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Governance
• Human Capital

Environmental Achievements

• Introduced LED lighting and daylight sensors in fixed assets to promote energy saving.
• Considering the conversion to environmentally friendly materials for construction.

Social Achievements

• Not disclosed

Governance Achievements

• Established a Sustainability Committee chaired by the President and CEO in July 2022, holding two meetings in 2022 to discuss ESG management, CDP responses, climate change governance and risk management (TCFD response), human resource vision, training policies, and human resource strategies.

Climate Goals & Targets

Environmental Challenges

• Increased operating costs due to rising electricity prices from increased renewable energy demand.
• Decreased asset value of properties located in coastal areas or flood-prone zones.
• Increased air conditioning costs due to rising average temperatures.
• Potential for physical damage to company facilities and assets due to increased frequency and intensity of typhoons and high tides.
• Changes in material costs due to plastic regulations and strengthened building recycling laws.
• Increased electricity prices due to changes in renewable energy policies and energy mixes.
• Strengthened regulations for energy-efficient buildings (ZEB, ZEH-M) increasing construction costs.
• Potential for carbon pricing on GHG emissions (Scope 1, 2) increasing operating costs.
• Decreased demand for properties that are not ZEH-M compliant, leading to vacancies and reduced rents.

Mitigation Strategies

• Strengthening real estate location selection criteria and enhancing disaster preparedness for existing assets.
• Considering changes to working methods and working conditions in consideration of changing weather patterns.
• Grasping environmental administrative trends and related technologies, and introducing them.
• Promoting the installation of environmentally friendly equipment during property construction in buy-and-sell and development projects.
• Considering changes to company vehicles to electric vehicles, promoting energy saving in buildings, and switching to renewable energy-derived electricity menus to reduce GHG emissions.
• Exploring the introduction of environmentally friendly building materials and technologies.
• Optimizing construction costs while considering the introduction of environmentally friendly building materials and technologies and developing properties that meet ZEB/ZEH-M standards.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• High tides
• Typhoons
• Rising average temperatures

Transition Risks

• Carbon pricing
• Strengthened regulations for energy-efficient buildings
• Changes in renewable energy policies and energy mixes
• Changes in material costs due to plastic regulations and strengthened building recycling laws

Opportunities

• Increased demand for ZEB/ZEH-M compliant properties
• Increased demand for renovation work related to energy saving
• Increased demand for buy-and-sell due to resource conservation and reduced waste and GHG emissions compared to new construction

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

• Not disclosed