TCFD (Task Force on Climate-Related Financial Disclosures)

TCFD (Task Force on Climate-Related Financial Disclosures) is the organization which was established by the Financial Stability Board (FSB) at the request of the G20, chaired by Michael Bloomberg, to consider how to disclose climate-related information and respond to financial institutions. TCFD published its final report in June 2017, encouraging companies and others to disclose the following items related to climate change related risks and opportunities.

• Governance

  Disclose the organization’s governance around climate-related risks and opportunities.

• Strategy

  Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material.

• Risk Management

  Disclose how the organization identifies, assesses, and manages climate-related risks.

• Metrics and Targets

  Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.

For details, please refer the “Task Force on Climate-related Financial Disclosures” website (English only).

UNGC (United Nations Global Compact)

United Nations Global Compact (UNGC) is a voluntary initiative in which each company / organization acts as a good member of society by demonstrating responsible and creative leadership, and participates in the creation of a global framework for achieving sustainable growth.Since its inauguration by UN Secretary-General Kofi Annan at the 1999 Davos Conference, by 2021, more than 17,500 companies and organizations in about 160 countries around the world have agreed, and they carry out corporate activities in accordance with 4 fields “human rights,” “labor,” “environment” and “anti-corruption” and 10 principles of the United Nations Global Compact(UNGC)

For details, please refer the “United Nations Global Compact” website (English only).

GRESB (Result of DPR)

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).

DREAM Private REIT Inc. (“DPR”), which has commissioned DREAM to manage its assets, is designated by the GRESB Real Estate Assessment in 2023, as the highest “5 Stars” rating for the second consecutive year, and “Green Star” for sixth consecutive year, achieving high performance within the participants.

CASBEE Real Estate

CASBEE (Comprehensive Assessment System for Built Environment Efficiency/ Building environment Performance Comprehensive Assessment System ) is a system which evaluate and grade the environmental efficiency of the building.
For the details on CASBEE, please refer below website.
https://www.ibec.or.jp/CASBEE/english/

BELS (Energy rating)

BELS is a public system that evaluates and certifies the energy-saving performance of a building that the operators are required to make efforts to display under the Act on the Improvement of Energy Consumption Performance of Buildings (Building Energy Efficiency Act) enacted in April 2016.

ResReal and ResReal Flood

ResReal is the first certification system in Japan to evaluate the “Robustness (location and building),” “Redundancy,” “Readiness,” and “Substitutability” of properties to quantify and visualize the resilience (strength, flexibility, recovery, and resistance) of real estate against natural disasters, certified by the Japan Real Estate Institute. The certification aims to comprehensively and quantitatively evaluate the resilience of real estate against each natural disaster, taking into account not only hardware aspects such as location and building performance, but also software aspects such as stockpiling for disasters and disaster drills.
The ResReal Flood quantifies the resilience of the subject property to flood disasters on a 100-point scale, with five grades ranging from Platinum (Extremely Highly Resilient) to Standard (Ordinarily Resilient), depending on the score.

Tokyo Low-Carbon Small and Medium-Sized Model Building

Tokyo Low- Carbon Small and Medium-sized Model Building is a building classified as A1 or higher, which serves as a benchmark for low-carbon buildings with low CO2 emissions, based on the “Low-Carbon Building Assessment Index (Low-Carbon Building Benchmark)” announced in May 2012 by the Tokyo Metropolitan Government, with the aim of creating a real estate market in which low-carbon buildings with low CO2 emissions are evaluated.
The Tokyo Metropolitan Government has published small and medium-sized tenant buildings that are actively working on energy conservation of A1 or higher in the low-carbon building benchmark as “Low-Carbon Small and Medium-Sized Model Buildings.”