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 |
Annual target |
Medium to long-term target |
| Energy consumption |
Intensity [kWh/m2] |
Reduce by 1% YoY |
Reduce by 1% on average every year (5 years from 2020 to 2024) |
| GHG emissions |
Intensity [t-CO2e/m2] |
Reduce by 1% YoY |
Reduce by 1% on average every year (5 years from 2020 to 2024) |
| Water consumption |
Intensity [m3/m2] |
Reduce by 0.5% YoY |
Reduce by 0.5% on average every year (5 years from 2020 to 2024) |
*
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 2019.
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 |
78,763 |
0.14440 |
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 |
*
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.
*
In fiscal years 2021 and 2022, due to the relaxation of restrictions resulting from the COVID-19 pandemic, all indicators increased compared to the previous year (except for the actual greenhouse gas emissions in 2021). However, we have achieved the reduction in the numerical targets set for the medium and long term.
