External Evaluation and Initiatives
GRESB Real Estate Assessments,Public Disclosure
Established in 2009, GRESB is the name of a global research and administration organization whose purpose is to assess the environmental, social, and governance (ESG) performance of real assets (real estate, infrastructure) and provide accurate, comparable data to capital markets, including investors.
TLR has participated in GRESB assessments since 2019. In the 2024 GRESB Real Estate Assessment, it received a “1 Star” GRESB rating, based on the global ranking of its overall score. It has also obtained a Green Star evaluation—indicating that it achieved a high evaluation in both the Management Component, which assesses policies and organizational structure for promoting ESG, and the Performance Component, which assesses environmental performance, tenant engagement, etc. at portfolio properties—for six consecutive years.
Additionally, in the GRESB disclosure, which measures the level of ESG information disclosure, TLR’s ESG information disclosure efforts were highly evaluated and received an "A Level" rating.
Endorsement of TCFD (Task Force on Climate-Related Financial Disclosures)
The TCFD refers to the Task Force on Climate-Related Financial Disclosures, a body established by the Financial Stability Board (FSB) at the request of the G20 with Michael Bloomberg as its chairman to examine how climate-related information should be disclosed and how financial institutions should respond. The TCFD published its final report in June 2017 and recommends that companies disclose items related to climate change-related risks and opportunities.
(Excerpted from the TCFD Consortium website)
The Asset Manager endorsed the TCFD's recommendations in February 2022.
Signing of 21st Century Financial Behavior Principles
The Asset Manager has endorsed the approach of these principles and became a signatory in March 2022. The Financial Behavior Principles for the Formation of a Sustainable Society (21st Century Financial Behavior Principles) were formulated in October 2011 as action guidelines for financial institutions who want to fulfill the roles and responsibilities needed to develop a sustainable society.
Participation in Japan Climate Initiative (JCI)
The Asset Manager has endorsed the “Joining the Front Line of Global Trend for Decarbonization from Japan” declaration by the Japan Climate Initiative (JCI) and joined JCI in March 2022.
With the aim of achieving the decarbonized society envisioned by the Paris Agreement, JCI was established in July 2018 as a network of Japanese companies, governments, organizations, NGOs, etc. proactively engaged in measures to combat climate change.
MIRARTH HOLDINGS Group Signs UN Global Compact
In 2020, the MIRARTH HOLDINGS Group signed the United Nations Global Compact promoted by the UN and registered as a participating company.
We will continue our efforts to achieve the Ten Principles of the UN Global Compact in four areas: human rights, labour, environment, and anti-corruption.
* The United Nations Global Compact was proposed by then UN Secretary-General Kofi Annan in 1999 at the World Economic Forum in Davos and was launched in 2000.
