In order to implement the “Sustainability Policy,” based on the “Manual for Promoting Energy Saving” and “Manual for Promoting GHG Emissions Reductions” that set forth the initiatives directed at energy savings in the Company’s real estate investment management business, particularly energy consumption management and energy efficiency improvements in the invested real estate portfolio, the Company is working to continually grasp and manage energy consumption and emissions of GHG such as CO2 in the portfolio, as well as to measure the level of achievement against target values. In this way, the Company aims to reduce greenhouse gas emissions through energy saving initiatives and the use of renewable energy.
Environmental targets
The Company has set the following targets for the entire portfolio.
| Target item |
Medium to long-term target |
| Energy consumption |
Intensity [kWh/m2] |
Reduce by 1% on average every year (5 years from 2025 to 2029) |
| GHG emissions |
Intensity [t-CO2e/m2] |
Reduce by 1% on average every year (5 years from 2025 to 2029) |
| Water consumption |
Intensity [m3/m2] |
Reduce by 0.5% on average every year (5 years from 2025 to 2029) |
*
Individual targets will be set when it is necessary to set a separate target in accordance with a local ordinance related to measures against global warming.
*
The baseline year for medium to long-term target is 2024.
Changes in energy consumption, GHG emissions, and water consumption
|
Energy consumption |
GHG emissions |
Water consumption |
Total amount [MWh] |
Intensity [MWh/m2] |
Number of subject Properties |
Emissions volume [t-CO2e] |
Intensity [t-CO2e/m2] |
Number of subject Properties |
Total amount [m3] |
Intensity [m3/m2] |
Number of subject Properties |
| FY2018 |
59,577 |
0.17338 |
38 |
23,901 |
0.06956 |
38 |
347,209 |
1.04892 |
35 |
| FY2019 |
84,488 |
0.17413 |
55 |
30,959 |
0.06382 |
55 |
528,229 |
1.15695 |
51 |
| FY2020 |
76,448 |
0.14398 |
57 |
27,704 |
0.05225 |
57 |
347,636 |
0.67068 |
54 |
| FY2021 |
78,758 |
0.14439 |
62 |
27,900 |
0.05122 |
62 |
397,902 |
0.74749 |
58 |
| FY2022 |
94,939 |
0.15296 |
72 |
33,295 |
0.05364 |
72 |
569,064 |
0.93243 |
69 |
| FY2023 |
115,054 |
0.15293 |
76 |
39,964 |
0.05312 |
76 |
716,270 |
0.96367 |
73 |
| FY2024 |
130,275 |
0.15122 |
80 |
40,900 |
0.04747 |
80 |
783,327 |
0.90925 |
78 |
| FY2025 |
139,148 |
0.15886 |
83 |
45,222 |
0.05163 |
83 |
947,631 |
1.11464 |
82 |
*
Figures represent the total amount from April through March of the following year. Figures of intensity from properties acquired during the fiscal year are calculated by dividing the total floor area proportionally according to the holding period.
*
Figures of Energy consumption and GHG emissions include the amounts from areas under the management of tenants.
*
From the fiscal year 2025, we have adopted market-based standards for calculating GHG emissions.
*
From the fiscal year 2025, calculations of Energy consumption and GHG emissions are based on figures that reflect the ownership percentage of each property.