Sustainability-Related Policy and Promotion System
Sustainability Policy
Sustainability Policy
The Asset Manager, with the goal of implementing the “maximization of unitholder value,” “creation of a sustainable environment,” and “contribution to communities and society” sought by TLR, on whose behalf the assets are managed, has stipulated a basic policy relating to management that takes into account the environment (E), society (S), and governance (G), as indicated below.
1.Initiatives for prevention of global warming
We contribute to preventing global warming by promoting reduction of CO2 emissions through operational improvements that contribute to energy conservation and the introduction of energy-saving facilities.
2.Reduction of environmental impact
We aim to realize a circular economy with reduced environmental impact through 3R (reduce, reuse and recycle) activities and water conservation.
3.Legal compliance and internal structure in place
We comply with ESG-related laws and regulations, establish the company framework to promote sustainability, and conduct regular employee education.
4.Communication with stakeholders
We strive to improve customer satisfaction (CS) in cooperation with suppliers such as property management companies. In addition, we build trusting relationships with stakeholders outside the company through collaborative activities with local residents and contribute to the sustainable development of local communities.
5.Proactive information disclosure
We strive to widely disclose information on ESG-related initiatives to various stakeholders, including investors.
Sustainability Promotion System
To implement initiatives based on our sustainability policy, the Asset Manager has established a Sustainability Promotion Committee chaired by the CEO, which is comprised of directors, the general manager of the Investment Management Department, the general manager of the Finance and Planning Department, and the Compliance Officer. For the purpose of promoting sustainability, the committee meets at least once per fiscal period to consider specific targets and measures and monitor the progress status.
The details of Sustainability Promotion Committee meetings, along with the details of related activities, are reported to the Asset Manager's Board of Directors at the end of August and the end of February, and the specifics are shared with all managers.
Sustainability Promotion Committee—No. of Meetings Held
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| FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|
| 2 meetings | 2 meetings | 2 meetings | 3 meetings | 1 meetings | 1 meetings |
Number of Reports to Board of Directors
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| FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|
| 2 meetings | 4 meetings | 4 meetings | 3 meetings |
Related Company Regulations, Etc.
Sustainability Promotion Manual
The Sustainability Promotion Manual stipulates the Asset Manager's internal systems, collaboration with external stakeholders, information disclosure policy, etc. for the purpose of implementing the Sustainability Policy.
Energy-Saving & Greenhouse Gas Emission Reduction Policy
With the aim of promoting the energy consumption reduction measures and greenhouse gas emissions reduction specified in the Sustainability Promotion Manual, the Energy-Saving & Greenhouse Gas Emission Reduction Policy stipulates specific measures, etc. to be implemented for reducing energy consumption and greenhouse gas emissions.
Sustainable Procurement Policy
We have established a Sustainable Procurement Policy to promote sustainability-conscious initiatives across the Asset Manager's entire supply chain. In asset management activities for the real estate portfolio owned by TLR, this policy will be applied as much as possible when procuring key products, services, etc. and selecting suppliers.
EMS Management Manual
The EMS Management Manual specifies details for managing sustainability-related manuals and policies, and it contributes to the establishment, implementation, and maintenance of the Environment Management System based on the PDCA cycle. Based on the manual, we set environmental targets, track performance, analyze budgets, and implement and improve measures relating to energy consumption, GHG emissions, water consumption, and waste in the management of TLR's assets, with the aim of continuously reducing our environmental footprint.