Environmental Initiatives and External Certification (E)

Environment

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
Energy usage	Intensity(MWh/m²)	0.051	0.047	0.048
GHG(CO₂)emissions Scoop1,2	Total(t-CO₂)	979	222	187
GHG(CO₂)emissions Scoop1,2	Intensity(t-CO₂/m²)	0.022	0.005	0.003
Water usage	Total(m³)	961	824	881
Water usage	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.