Initiatives for Sustainability

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External Certification and Evaluation

As a pioneer in J-REIT focusing on mid-sized office buildings, KDO will continue to advance environmental and energy conservation measures as well as efficient energy use for its own office buildings with the support of outside consultants and proactively acquire the following external certification and assessment to promote initiatives for sustainability.

GRESB Real Estate Assessment

GRESB 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.
Among many environmental certifications for individual real estate, GRESB is the only assessment that evaluates companies or funds, and GRESB Ratings assigned for participants, which is relative performance ranking (5 Stars are the highest).
KDO earned a "Green Star" designation for the tenth consecutive year by achieving high performance both in “Management Component” that evaluates policies and organizational structure for ESG promotion, and “Performance Component” that assesses environmental performance and tenant engagement of properties owned.
And acquired the highest “A” Level for Public Disclosure on ESG.

October 15, 2021
PDFNotice Concerning Acquisition of “4 Stars” and “Green Star” in the GRESB Real Estate Assessment (149KB)

For more details concerning GRESB Survey

Acquisition Track Record of Environmental Certification and Evaluation

The number of
properties
Floor area(m2 Ratio(%)(Note 2)
Green Certified Building (Note 1) 42 406,918.37 57.1
DBJ Green Building Certification 25 314,807.04 44.2
Certification for CASBEE for Real Estate 21 137,027.90 19.2
BELS Certification 4 42,466.91 6.0
※As of September 30, 2021
Note 1: A property that has multiple environmental certifications is counted as one.
Note 2: The ratios are percentages of each floor area to the gross floor area of properties owned by KDO (712,623.20m2, calculated on a pro-rata basis of ownership ratio for compartmentalized ownership, etc.).

Changes in Number of and Total Floor Area of Green Certified Properties

As a result of actively acquiring certifications, the number of certified properties and the total floor area have steadily increased to 42 properties and 406,918.37㎡ from 2011 to September 2021.
Overall ratio of the number of green certified buildings is 44.2% in the portfolio and the green certified space is 57.1%. (Note)
Note: As of September 30, 2021. Shinjuku 6chome Building (Land) is excluded from the calculation.

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certified property

Note 1: The numbers in above graphs are calculated for KDO portfolio as of September 30, 2021.
Note 2: The property that has multiple certification and assessment is counted as 1 property for each certification without name-based aggregation.
Note 3: The property that has multiple certification and assessment is calculated based on total floor area of 1 property.

DBJ Green Building Certification

DBJ Green Building 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

KDO 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 25 among KDO's properties.

Property Name Certification Rank Acquisition Date
of Certification
KDX Toranomon 1chome Building ★★★★★(five stars) February 28, 2019
KDX Harumi Building ★★★★(four stars) February 28, 2019
KDX Musashi-Kosugi Building ★★★★(four stars) February 28, 2019
KDX Hamamatsucho Place ★★★★(four stars) September 28, 2021
KDX Nagoya Sakae Building ★★★(three stars) February 28, 2019
KDX Kobayashi-Doshomachi Building ★★★(three stars) February 28, 2019
KDX Sakura-dori Building ★★★(three stars) February 28, 2019
KDX Ikebukuro Building ★★★(three stars) April 26, 2019
KDX Yokohama Kannai Building ★★★(three stars) June 1, 2021
KDX Iidabashi Square ★★★(three stars) November 1, 2021
Senri Life Science Center Building ★★★(three stars) November 1, 2021
KDX Yokohama Building ★★★(three stars) November 1, 2021
KDX Karasuma Building ★★(two stars) February 28, 2019
KDX Shinjuku Building ★★(two stars) February 28, 2019
KDX Higashi Umeda Building ★★(two stars) February 28, 2019
KDX Nishi-Shinbashi Building ★★(two stars) February 28, 2019
KDX Ochanomizu Building ★★(two stars) March 29, 2019
Hiei Kudan-Kita Building ★★(two stars) March 29, 2019
KDX Nagoya Nichigin-mae Building ★★(two stars) April 26, 2019
Ginza 4chome Tower ★★(two stars) April 26, 2019
KDX Chofu Building ★★(two stars) September 27, 2019
KDX Shibuya Nanpeidai Building ★★(two stars) April 2, 2021
KDX Fuchu Building ★★(two stars) November 1, 2021
KDX Higashi-Shinagawa Building (one star) March 29, 2019
KDX Nagoya Ekimae Building (one star) March 29, 2019

Certification for CASBEE for Real Estate

CASBEE 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 impact of buildings.

For more details concerning CASBEE

Certified Results

10 out of 21 certified properties were ranked S, the highest rating, by CASBEE

         
Property Name Certification Rank Acquisition Date of Certification
ARK Mori Building S September 7, 2018
KDX Kobayashi-Doshomachi Building S October 30, 2018
KDX Shinjuku Building S October 30, 2018
KDX Karasuma Building S October 30, 2018
KDX Kawasaki-Ekimae Hon-cho Building S October 18, 2019
KDX Utsunomiya Building S October 18, 2019
KDX Hiroshima Building S October 18, 2019
KDX Sendai Building S April 30, 2020
KDX Shinbashi Ekimae Building S November 2, 2020
KDX Toranomon 1chome Building S September 20, 2021
KDX Gotanda Building A October 30, 2018
KDX Funabashi Building A October 18, 2019
KDX Shin-Yokohama Building A October 18, 2019
KDX Shin-Osaka Building A October 18, 2019
Harajuku F.F. Building A April 30, 2020
KDX Hamacho Nakanohashi Building A April 30, 2020
KDX Nakameguro Building A April 30, 2020
KDX Hamamatsucho Center Building A April 30, 2020
BR Gotanda A April 30, 2020
KDX Kasuga Building A November 2, 2020
KDX Ikebukuro West Building A November 2, 2020

BELS Certification

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 building energy consumption performance standard set by the government. The number of star shows an evaluation result ranging 1 to 5.

BELS

Certified Results

Based on the evaluation of JAPAN ERI CO.,LTD., KDO 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
KDX Hamamatsucho Building ★★★ December 25, 2020
KDX Shinbashi Ekimae Building ★★ December 25, 2020

※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2011 The 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. KDO 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

SMBC SMBC 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. KDO has undertaken debt financing from SMBC based on its SMBC Sustainable Building Assessment Loan, as the first J-REIT.

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