Initiatives for Environment

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Environmental Policies

The Investment Corporation and the officers and employees of Kenedix Real Estate Fund Management,Inc.(the Asset Management company; hereafter, "KFM") has established the following environmental policies, undertook investment management operations in accordance with the policies, proactively using certification and assessment systems by external institutions.

1. Compliance with Environmental Laws and Regulations
KFM will promote environment-friendly investment management operations by adhering to environmental laws and regulations.
2. Promotion of Energy Conservation Measures
KFM will systematically advance energy conservation measures at its managed properties, maintaining a strong awareness of the importance of natural and energy resources.
3. Reduction of Environmental Burden
KFM will undertake initiatives to reduce CO2 and waste emissions as well as promote recycling at its managed properties, underscoring its commitment to alleviating its environmental burden. In addition, KFM will take sufficient care when handling harmful substances and environmental pollutants.
4. Disclosure of Environmental Information
KFM will work to disclose necessary information to a variety of concerned parties including investors, tenants and business partners, in such areas as its environmental policies and measures.
5. Environmental Education
KFM will take steps to improve the environmental consciousness of its officers and employees through internal education.

Specific Efforts

Acquisition of Rating in GRESB Real Estate Assessment

What is GRESB Evaluation?

GRESB (Global Real Estate Sustainability Benchmark) is an annual benchmark assessment established primarily by major European pension fund groups in 2009 that measures sustainability performances in the real estate sector. GRESB attracts a lot of attention because leading institutional investors have joined the high-visibility survey and used GRESB to select and dialogue with investment targets. Therefore, there are many real estate companies, REITs and private funds worldwide that annually participate in the GRESB Real Estate Assessment.

GRESBThe Investment Corporation received a “Green Star” rating in the 2017 GRESB Real Estate Assessment for the sixth consecutive year. “Green Star” ratings are awarded to the participants who carry out the excellent efforts on both “management and policy” and “implementation and measurement” in terms of sustainability.
The Investment Corporation also earned the highest-rated "5 Stars" (five star scale) in GRESB Rating, which is calculated globally relative to the performance of reporting entities.
For evaluated efforts of the Investment Corporation, please refer to the following press release.

September 13, 2017
PDFNotice Concerning Acquisition of “Green Star” rating in the GRESB Real Estate Assessment : Acquired the Highest-rated “5 Stars” in GRESB Rating (306KB)

For more details concerning GRESB Survey

Acquisition of DBJ Green Building Certification

What is the DBJ Green Building Certification?

DBJ Green Building Certification Program was launched by Development Bank of Japan Inc. (DBJ) for the purpose of supporting the properties which give proper care to environment and society (Green Building).
The program evaluates, certifies and supports properties which are required by society and economy. It makes comprehensive assessment of properties, while evaluating various factors which range from properties’ environmental features to their communication with stakeholders, such as disaster prevention and proper care for surrounding communities.
Furthermore there are 5 levels, "five stars", "four stars", "three stars", "two stars", "one star" as the certification ranks.

Properties with
the best class
environmental and
social awareness
(five stars)
Properties with
exceptionally high
environmental and
social awareness
(four stars)
Properties with
excellent
environmental and
social awareness
(three stars)
Properties with
high
environmental and
social awareness
(two stars)
Properties with
satisfactory
environmental and
social awareness
(one star)
five stars four stars three stars two stars one star

Certified fiscal year at the time of acquisition is listed for each certification rank.

For more details concerning the DBJ Green Building Certification

Certified Results

The Investment Corporation received the certification for the following properties based on the DBJ Green Building Certification System.
The total number of properties that acquired DBJ Green Building Certification reaches 17 among the Investment Corporation’s properties after the acquisition.

Property Name Certification Rank Acquisition Date
of Certification
KDX Toranomon 1chome Building five stars(five stars) March 30, 2016
KDX Harumi Building four stars(four stars) June 9, 2011
KDX Musashi-Kosugi Building four stars(four stars) March 18, 2014
KDX Nagoya Sakae Building three stars(three stars) June 9, 2011
KDX Kobayashi-Doshomachi Building three stars(three stars) June 9, 2011
KDX Higashi Umeda Building three stars(three stars) March 28, 2012
KDX Sakura-dori Building two stars(two stars) March 30, 2016
KDX Iidabashi Square two stars(two stars) October 31, 2016
Senri Life Science Center Building two stars(two stars) October 31, 2016
KDX Ikebukuro Building two stars(two stars) April 28, 2017
KDX Karasuma Building one star(one star) December 26, 2012
KDX Shinjuku Building one star(one star) December 26, 2012
KDX Fuchu Building one star(one star) October 31, 2016
KDX Yokohama Building one star(one star) October 31, 2016
KDX Nagoya Nichigin-mae Building one star(one star) April 28, 2017
Nishi-Shinbashi TS Building one star(one star) April 28, 2017
Ginza 4chome Tower one star(one star) April 28, 2017

Acquisition of Certification for CASBEE for Real Estate

What is Certification for CASBEE for Real Estate?

CASBEE is an evaluation system for rating the environmental performance of buildings, developed under the auspices of the Ministry of Land, Infrastructure, Transport and Tourism. The system rates the overall environmental performance of buildings from two perspectives; the evaluation of the environmental quality and performance of buildings themselves and the external environmental load of buildings.

CASBEE

For more details concerning CASBEE

Certified Results

ARK Mori Bldg., KDX Toranomon 1chome Bldg. and KDX Kobayashi-Doshomachi Bldg. were ranked S, the highest rating, by CASBEE

Property Name Certification Rank Acquisition Date of Certification
ARK Mori Building S July 12, 2013
KDX Kobayashi-Doshomachi Building S July 12, 2013
KDX Toranomon 1chome Building S September 20, 2016
KDX Shinjuku Building A July 12, 2013
KDX Gotanda Building A July 12, 2013
KDX Karasuma Building A July 12, 2013

BELS Certification

What is BELS?

BELS (Building-Housing Energy-efficiency Labeling System) is the third-party certification system to rate houses and buildings in accordance with duty to make effort to label energy saving performance in the Act on Improving Energy Consumption Performance for Architectural Structures. Houses and buildings are evaluated based on the value of BEI (Building Energy Index) derived from the primary energy consumption based on the government-designated energy consumption performance standard of architectural structures.
The evaluation and indication based on the system shall be implemented by the registered organizations as operators of BELS operations, which fall under registered housing performance evaluation organizations that are members of the evaluation association, designated construction confirmation authorities or registered building research agencies.
Evaluation result is indicated by the number of stars (1-5).

BELS評価

Certified Results

Based on the evaluation of JAPAN ERI CO.,LTD., The Investment Corporation received the certification for the following properties.

Property Name Evaluation Acquisition Date
of Certification
KDX Musashi-Kosugi Building ※ ★★★ October 22, 2014
KDX Iidabashi Square ★★★ Aplil 25, 2016

※It was the first acquisition of certification as the J-REIT's owned property.

Debt Financing Based on the DBJ Disaster Preparedness Rating

DBJ防災格付2011The DBJ Disaster Preparedness Rating is a financing scheme in which companies are assessed and screened for excellence in their initiatives to hedge against disaster and secure business continuity based on the proprietary assessment system developed by the Development Bank of Japan (DBJ), financing conditions for them are then determined in accordance with the assessment.
The Investment Corporation has undertaken debt financing from the DBJ based on the DBJ Disaster Preparedness Rating, as the first J-REIT.

Debt Financing Based on SMBC Sustainable Building Assessment Loan

SMBCSMBC Sustainable Building Assessment Loan is a financing product based on the assessment of buildings owned or constructed by companies for such factors as 1) their environmental performance on energy, water, materials and other issues, 2) initiatives on risk management, including earthquake resistance, business continuity planning (BCP) and business continuity management (BCM), to secure sustainability, and 3) management policies and implementation to promote 1) and 2). Assessments are made based on the proprietary criteria prepared by Sumitomo Mitsui Banking Corporation (SMBC) and CSR Design and Landscape Co., Ltd.
The Investment Corporation has undertaken debt financing from SMBC based on its SMBC Sustainable Building Assessment Loan, as the first J-REIT.