Environmental Initiatives and External Certification (E)

Environment

  • 6:CLEAN WATER AND SANITATION
  • 7:AFFORDABLE AND CLEAN ENERGY
  • 11:SUSTAINABLE CITIES AND COMMUNITIES
  • 12:RESPONSIBLE CONSUMPTION AND PRODUCTION
  • 13:CLIMATE ACTION
  • Introduction of LED lighting (as of April 30, 2024)
    Number of buildings where LED lighting is already installed: 56 out of 111 buildings
  • Extension of durable life through large-scale repair and value enhancement work
  • Renewal of air conditioners
  • Update to water-saving toilets
  • Introduction of keycards
  • Deliberate utilization of green lease, etc.
  • Posting of posters on energy-saving and the three Rs
  • Acquisition of external certifications
  • Introduction of renewable energy power for common area electricity (as of April 30, 2024)
    Introduced at 87 out of 111 buildings
    Total floor area ratio : 80.7%
  • Installation of rooftop solar panels
    Proceed Ishikawadai
    Electricity generated by solar panels : 11,517.5kWh (May 1,2023 to April 30,2024)
    Proceed Shin Matsudo

Environmental Performance Targets and Results

SPI and the Asset Management Company continuously monitor energy usage in the common areas of portfolio properties as much as possible and promote reduction of their environmental load. Our environmental performance targets and results are as follows.

Environmental Performance Targets

Item Reduction Target
Energy usage
Cut energy consumption intensity by an average of 1% per year until FY2030, with FY2023 as the base year
GHG(CO2)emissions
Scoop1,2
42% cut (total amount basis) by FY2030 with FY2023 as the base year
Net zero by FY2050
Water usage
No increase in water usage per unit of production until FY2030, with FY2023 as the base year
Percentage of portfolio properties with environmental certification
At least 40% of portfolio (based on total floor area) by FY2030

Environmental Performance Results

Item FY2021 FY2022 FY2023
Energy usage Total(MWh) 2,281 2,148 2,631
Intensity(MWh/m2) 0.051 0.047 0.048
GHG(CO2)emissions
Scoop1,2
Total(t-CO2) 979 222 187
Intensity(t-CO2/m2) 0.022 0.005 0.003
Water usage Total(m3) 961 824 881
Intensity(m3/m2) 0.027 0.022 0.019
  • The aggregation period is from May to April of each year.
  • The energy usage, GHG(CO2) emissions and water usage results are aggregated from only the common areas of each property.
  • GHG(CO2) emissions are calculated by the Asset Management Company based on adjusted emission coefficients, etc. published by the Ministry of the Environment for each electricity utility.

Percentage of properties with environmental certification
(as of May 31,2024)

  • 8 properties : 19.6%(based on total floor area)
  • Acquisition of external certifications

    Participation in GRESB Real Estate Assessment

    GRESB is an annual benchmarking assessment to measure ESG (Environmental, Social and Governance) integration of real estate companies and funds, as well as the name of organization which runs the assessment. It was founded in 2009 by a group of major European pension funds who played leading roles in launching Principles for Responsible Investment (PRI).

    Currently, about 150 Investor Members use GRESB data for their investment decision-making and engagement with investees, and several institutions from Japan including Government Pension Investment Fund (GPIF) utilize GRESB Assessment results. In 2023, 2084 listed or private real estate companies/funds participated in GRESB Real Estate Assessment.

    In the 2023 GRESB Real Estate Assessment, SPI received a “1 Stars” in GRESB Rating, which is based on GRESB Overall Score.

    SPI also received the second highest “B Level” for the GRESB Public Disclosure, which assess the width of ESG disclosure.


    DBJ Green Building Certification

    • Proceed Shin Yokohama
      ★★★

      Proceed Shin Yokohama

    Comprehensive Assessment System for Built Environment Efficiency(CASBEE)

    • Proceed Nishiarai(Artier)
      ★★★★★

      Proceed Nishiarai(Artier)
    • Proceed Yamashita Koen The Tower
      ★★★★

      Proceed Yamashita Koen The Tower

    Building-Housing Energy-Efficiency Labeling System (BELS)

    • Proceed Monzennakacho
      ★★★★

      Proceed Monzennakacho
    • Proceed Maihama
      ★★★

      Proceed Maihama
    • Proceed Shin Matsudo
      ★★★★★

      Proceed Shin Matsudo
    • Proceed Sendai Kamisugi
      ★★★

      Proceed Sendai Kamisugi
    • Proceed Shin Anjo
      ★★★★

      Proceed Shin Anjo