Sustainability Initiatives and Policy
- Sustainability Initiatives and Policy
- Environmental Initiatives
- Social Contribution Initiatives
- Corporate Governance
- Green Financing
- Sustainability-related Disclosure
ITOCHU REIT Management CO.,LTD., the asset management company, is committed to the following principles, basic policies, and systems regarding sustainability.
https://www.itc-rm.co.jp/sustain/
ESG REPORT
ITOCHU REIT Management Co., Ltd., our asset management company, prepares ESG reports. Please see below for details.
https://www.itc-rm.co.jp/en/sustain/#bge-esgreport
Materiality, Targets and KPIs
| Materiality | Targets and KPIs | References for results and specific initiatives | ||
|---|---|---|---|---|
| E(Environmental) | Climate change-related initiatives (contribution to low-carbon society) | |||
| 1 | Management and reduction of energy consumption, CO2 emissions, water consumption and waste emissions |
We will promote activities with the long-term goal of achieving targets consistent with the levels required by the Paris Agreement and the greenhouse gas reduction target 'Carbon Neutrality by 2050' declared by the Government of Japan based on the Paris Agreement. ≪Energy consumption≫ 10% reduction intensity by FY2030 (compared to FY2020) ≪CO2 emissions (GHG)≫
Scope1,2:42% reduction (total) by FY2030 (compared to FY2020) ≪Water consumption≫ No increase (intensity) by FY2030 (compared to FY2020) ≪Waste emissions≫ No increase (intensity) by FY2030 (compared to FY2020) |
Targets and result | |
| 2 | Acquisition of environmental and energy-saving certifications |
By FY2030 Percentage of properties with environmental or energy-saving certifications : 90% or more (by total floor space) |
Certification Status | |
| 3 | Collaboration with stakeholders on environmental friendliness |
・Regular exchange of opinions with and monitoring of suppliers (PMs, BMs, construction contractors, etc.) ・Signing of contracts that contain green lease clauses with new tenants ・Periodic training for employees of asset management companies to improve their sustainability awareness |
Supply Chain Management | |
| S(Social) | Initiatives for Stakeholders | |||
| 4 | Improvement of tenant satisfaction, engagement with tenants |
・Regular tenant satisfaction surveys ・Install disaster prevention maps in all properties; expand disaster prevention equipment ・Distributed Sustainability Guide to all tenants ・Conduct education on sustainability at all properties ・Conduct disaster prevention drills and life saving drills in properties owned ・Promote new amenity services |
ー | |
| 5 | Contribution to Local Communities |
・Promote agreements with municipalities for disasters ・Install AED equipment in multiple properties ・Promote installation of donation-type vending machines ・Support employees' volunteer activities / make donations to charitable organizations, etc. ・Consider holding events to promote local employment |
Contribution to Local Communities | |
| 6 | Pursuit of unitholders’ interests through customer-first business management |
・Organize a framework for conflict-of-interest management in operating multiple funds ・Honest and highly transparent information disclosure ・Pursue unitholder interests through establishing an asset management fee structure linked to investment performance |
Basic Policy on Customer-Oriented Business Conduct | |
| Initiatives for officers and employees | ||||
| 7 | Utilization of diverse human resources and skills development |
・Average years of service: 5 years or more ・Proportion of female employees: 30% or more ・Proportion of female managers: above 15% ・Offer employee training, encourage their participation, and support qualification acquisition for continuous skills development of employees |
Key Human Resource Data | |
| 8 | Development of workplace environment that offers job satisfaction |
・Annual leave acquisition ratio: 70% or more ・Zero turnover due to life events using childcare and nursing care leave system ・Percentage of employees taking childcare leave: 50% or more ・Zero frequency rate of occupational accidents ・Conduct employee satisfaction surveys and undertake improvements ・Average monthly overtime: Less than 45 hours (Compliance with 36 agreements) |
Work-Life Balance | |
| G(Governance) | Strengthening of governance | |||
| 9 | Robust corporate governance structure |
・Improvement of governance structure ・Increase the number of fund officers; appointment of female officers; ratio of female officers: 25% ・Conduct in-house compliance training, attendance rate: 100% ・Maintain and improve the effectiveness of committees and the Board of Directors |
Corporate Governance | |
| Risk management for sustainable business growth | ||||
| 10 | Raising of resilience |
・Response to severe disasters (earthquakes, floods, etc.) ・Respond to TCFD (climate change risk/opportunity assessment) ・Conduct annual BCP training |
Support for TCFD | |

Materiality Identification Process
STEP1:Identify
Extensively identified economic, environmental, and social issues with reference to the SDGs (Sustainable Development Goals) and other global social issue recognition, external assessments (GRESB, etc.), and various guidelines.
STEP2:Prioritize
Prioritized the issues identified in STEP 1 on the two axes of "importance and expectations for stakeholders" and "ADL's impact on the economy, environment, and society," and identified materiality for ADL to promote sustainability activities.
STEP3:Authorize
Discussed and verified the appropriateness of the materiality identified in STEP2 in Sustainability Promotion Committee, before making final decision by the Representative Director.
STEP4:Review
Conduct periodic reviews to respond flexibly to changes in the social environment, to reflect stakeholder views, and to improve transparency of information disclosure.
Acquisition of GRESB real estate assessment scores

In the 2023 GRESB Real Estate Assessment, ADL received a 5-star rating, the highest in the GRESB Rating, which is a relative evaluation based on the global ranking of the overall score, for the second consecutive year.
In addition, we received the "Green Star" rating, which is given to businesses that are evaluated as excellent in both the "Management Component" and the "Performance Component" which evaluates environmental performance and tenant initiatives at properties held by the company, and the "A" rating, the highest rank in terms of ESG-related disclosure status, for each for the fifth year in a row.
※GRESB Real Estate Assessment is an annual benchmark that measures sustainability performance of property companies and real estate asset managers around the world. By knowing where it stands against its peers with reference to the benchmark, ADL intends to identify areas for improvement, and to further improve upon its environmental, social and governance (ESG) performance.
Please see this link for more information.
ITOCHU Corporation