ESG
Message from the Executive Director
Focusing on our concept of utilizing and revitalizing the vast existing building stock in Japan’s real estate market, Tosei Reit Investment Corporation actively acquires properties whose asset value is expected to improve through appropriate capital investment and which we deem to be utilized on a long-term basis, regardless of building age. In fact, through individual improvements in collaboration with our sponsor Tosei Corporation (Tosei), we have revitalized many of the buildings we have acquired to date as eco-friendly properties with high environmental value. As a result, as of February 2024, a total of 16 properties had acquired environmental certifications (DBJ Green Building certification, BELS)—and we are proud that, in each case, this was made possible through our ownership. We believe that our steady activities represent a meaningful approach to ESG that leverages the unique characteristics of Tosei Reit, and we intend to continue them in the future.
Based on the ESG principles and guidelines for ESG actions established by Tosei, we identified our materiality (key issues) in February 2020 and are pursuing initiatives addressing each of them.
Going forward, we will strive to improve value for our unitholders through enhancement of our ESG initiatives and appropriate information disclosure. We are truly grateful to you for your continued support.
Yukitaka Okochi, Executive Director
Tosei Reit Investment Corporation
As a member of the Tosei Group, based on the ESG principles and guidelines for ESG actions established by our sponsor Tosei, we are pursuing ESG initiatives.
GRI Standards Content Index
When reporting on ESG-related policies and initiatives, Tosei Reit refers to the GRI Standards issued by GRI (Global Reporting Initiative). Please note that we provide information relating to items in the GRI Standards for reference purposes, not to show compliance with the guidelines.
ESG Promotion System
Based on Tosei Group’s ESG policy, etc., the Asset Management Company implements environmental measures as well as develops social contribution activities and measures for employees in collaboration with the group. The REIT Division in charge of investment and management or TOSEI REIT conducts various initiatives by establishing the ESG Committee (Committee Chairperson: Head of REIT Division) enabling independent decision making as with the Investment Management Committee in order to practice ESG and maximize unitholder value.
Important matters among the items deliberated at the ESG Committee are conducted after gaining approval at the Investment Management Committee and the Board of Directors of Tosei Reit.
Designation of Materiality (Key Issues)
In February 2020, Tosei Reit discussed and designated its materiality (key issues) for ESG, which was then approved by the board of directors. This has been connected to the 17 SDGs, and the results are disclosed below. Tosei Reit regularly checks its rate of achievement of materiality (key issues).
Tosei Reit’s ESG Issues
| Tosei Group’s ESG action guideline keywords | Tosei Reit’s ESG Issues | |||
| Increase real estate value |  |
E | Key | Revive/use existing real estate |
|---|---|---|---|---|
| Use real estate effectively | Key | Reduce GHG emissions | ||
| Realize a low-carbon society | Key | Reduce energy consumption | ||
| Increase energy efficiency | Key | Reduce water use | ||
| Reduce water use | Reduce/reuse/recycle waste | |||
| Reduce/reuse/recycle waste | Obtain eco/energy-saving certifications | |||
| Collaborate with tenants/partners | S | Key | Collaborate with tenants/partners | |
| Contribute to community | Contribute to community | |||
| Increase client satisfaction | Key | Increase tenant satisfaction | ||
| Train personnel | Increase disaster readiness/resilience | |||
| Increase employee satisfaction | Develop employee skills | |||
| Enhance corporate governance | G | Ensure compliance | ||
| Build internal control structure | Key | Align with investor interests/ avoid conflicts of interest |
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| Comply with laws/regulations | Enhance BCP | |||
| Train employees/raise awareness | Train employees/raise awareness | |||
Connection Between Tosei Reit’s Key Issues and SDGs
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