Climate Change Data

Daiwa Office Investment Corporation, Daiwa Securities Living Investment Corporation, and Daiwa Real Estate Asset Management Co. Ltd.

Climate Impact & Sustainability Data (2022, 2023-04 to 2024-03)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:3,387 t-CO2 (2021, rental housing)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:8,382 MWh (2021, rental housing)
Water Consumption:205,445㎥ (2021, rental housing)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced energy consumption per square meter by 23.2% (2021 vs. 2017) in rental housing.
  • Reduced CO2 emissions per square meter by 29.6% (2021 vs. 2017) in rental housing.
  • Reduced water consumption per square meter by 5.7% (2021 vs. 2017) in rental housing.
  • Achieved a 2-star GRESB rating and Green Star in 2022.

Social Achievements

  • Invested in healthcare facilities, addressing social issues related to an aging population.
  • Implemented various initiatives to improve employee work-life balance and diversity.
  • Conducted tenant satisfaction surveys to improve service quality.
  • Engaged in community investment through donations and volunteer activities.

Governance Achievements

  • Established a sustainability promotion system with a chief sustainability officer and a sustainability promotion committee.
  • Implemented a robust compliance system, including internal reporting mechanisms and regular compliance training.
  • Adopted a climate change and resilience policy and joined the TCFD Consortium.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable procurement policy

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRESB

Certifications: DBJ Green Building, JHEP

Third-party Assurance: SOMPO Risk Management Inc. (for 2021 environmental performance data)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Reported for both DOI and DLI, but specific values are not provided in the report.

ESG Focus Areas

  • Climate Change
  • Diversity, Equity & Inclusion (DEI)
  • Governance
  • Social Initiatives
  • Environmental Initiatives

Environmental Achievements

  • DOI: Reduced CO2 emissions by 34.60% (intensity basis) from FY2019 to FY2023; DLI: Reduced CO2 emissions by 1.78% (intensity basis) from FY2022 to FY2023. DOI achieved EcoAction21 certification. Significant progress in LED lighting upgrades and water-efficient equipment installations across portfolios.
  • Achieved Green Star rating in GRESB Real Estate Assessment for both DOI and DLI.
  • DOI: 64.5% of portfolio with environmental certifications (as of June 30, 2024); DLI: 19.7% of portfolio with environmental certifications (as of March 31, 2024).

Social Achievements

  • Launched employee well-being programs including subsidies for dental checkups, 'Good Sleep Daiwa' project, and Shuffle Lunch Meetings.
  • Introduced DOI/DLI investment unit ownership program for employees.
  • Implemented sustainability training for healthcare facility operators (DLI).
  • Obtained Kurumin certification (June 2024).

Governance Achievements

  • Established Sustainability Promotion Committee and Office.
  • Formulated Climate Change and Resilience Policy aligned with TCFD recommendations.
  • Established robust compliance structure including Compliance Committee, Compliance Officer, and Compliance Manual.
  • Implemented a whistleblowing system.

Climate Goals & Targets

Long-term Goals:
  • DOI: Achieve carbon neutrality (intensity basis) by FY2050.
  • DLI: Achieve carbon neutrality (intensity basis) by FY2050.
Medium-term Goals:
  • DOI: Reduce CO2 emissions by 46% (intensity basis) by FY2030 (compared to FY2013); Achieve 70% environmental certification ratio by FY2030.
  • DLI: Reduce CO2 emissions by 20% (intensity basis) by FY2030 (compared to FY2022); Achieve 20% environmental certification ratio by FY2030.
Short-term Goals:
  • DOI: Reduce energy consumption intensity by an average of 1% per year; DLI: Reduce energy consumption intensity by an average of 1% per year.

Environmental Challenges

  • Climate change related risks (transition and physical risks) impacting portfolio value and operations.
  • Maintaining high employee engagement and satisfaction.
  • Ensuring compliance with evolving ESG regulations.
Mitigation Strategies
  • Scenario analysis of climate change impacts and development of countermeasures.
  • Regular employee satisfaction surveys and implementation of resulting improvements.
  • Continuous compliance training and robust compliance framework.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Typhoons, floods, higher temperatures, sea level rise
Transition Risks
  • Stricter GHG emission regulations, changes in energy-saving standards, changes in investor/lender/tenant stances
Opportunities
  • Enhanced competitiveness of environmentally certified properties, reduced utility bills through energy efficiency improvements, opportunities in sustainability finance.

Reporting Standards

Frameworks Used: GRESB, TCFD

Certifications: EcoAction21 (DOI), CASBEE, DBJ Green Building, BELS, JHEP (DLI)

Third-party Assurance: SOMPO Risk Management (for environmental data)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed