ESG Policy and Structure

　By investing in rental housing targeting average-income households which are believed to have the most stable demand, SPI has realized stable growth with the foundation of “careful, unyielding, in for the long haul” through its collaborative relationship with the Starts Group which aims for sustained stable management

　As the environment surrounding SPI continues to change with environmental issues around the globe such as climate change, the issue of Japan’s aging population and low birth rate, and the change of residential needs due to lifestyle diversification and other factors, we believe that initiatives for ESG (environmental, social and corporate governance) considerations are indispensable for sustained growth.

　SPI and the Asset Management Company have formulated an ESG policy and specified materiality (key issues) under the corporate philosophy of the Starts Group, the sponsor, which is “people are everything, the heart is all.”

　SPI and the Asset Management Company promote ESG initiatives based on the specified materiality in line with the ESG policy and endeavor to make contributions towards the realization of a sustainable society.

　Moreover, through various collaborations with our stakeholders, we will nurture a harmonious sphere that will bring us closer to this sustainable society.

Kazuya Hiraide
Executive Director
Starts Proceed Investment Corporation

1. Environmental Considerations
   We will conduct initiatives to reduce energy consumption, CO₂ emissions, water consumption, waste, etc. in an effort to reduce the environmental load.
2. Disclosure of ESG Information and Acquisition of Environmental Certifications
   We proactively strives to disclose information pertaining to its ESG initiatives. Moreover, We will endeavor to acquire environmental certifications and evaluations on a continual basis
3. Collaboration with Stakeholders
   We will establish a collaborative structure with various stakeholders with an aim to contribute to the continued development of local communities
4. Establishing an Office Environment Conducive to Work
   In consideration of the work-life balance of its employees, We will aim to create a work environment that is attractive and conducive to work. Furthermore, We will strive to enhance its education and awareness-building activities to improve the abilities of its employees
5. Governance
   We will observe relevant laws and regulations and social ethics, enact thorough compliance and conduct transparent and rational decision-making

　The Asset Management Company has established an ESG Committee, consisting of the Representative Director acting as ESG Chief Officer and the General Manager of the Financial Control and Administration Division acting as ESG Executive Officer.

　The members of the committee shall be those designated by the division directors, Compliance Officer, ESG Chief Officer or ESG Executive Officer.

　By convening once every three months in principle, the committee shall deliberate, determine and promote various policies, targets and measures concerning ESG.

　The details of the ESG Committee shall be reported to the Board of Directors by the ESG Chief Officer at least once every six months.

　SPI and the Asset Management Company have discussed and verified ESG initiatives through the ESG Committee in light of the features of SPI’s portfolio, interest of stakeholders, etc. and have specified the following materiality (key issues).