Search within site

Environment

Environmental Management

Policy and Concept

The Tokyo Tatemono Group has identified promoting a decarbonized society and promoting a recycling-oriented society as material environmental issues for the Group. To address these issues through our business operations, we will aim to realize coexistence with the earth and the environment, a shared value with society. In addition, the Group aims to contribute to the development of a sustainable society through environmentally friendly business activities in accordance with its Group Environmental Policy.

Environmental Promotion System

The Tokyo Tatemono Group promotes environmental measures across the entire Group under the Sustainability Committee, chaired by our president, and the Sustainability Promotion Committee, a subordinate organization of the Sustainability Committee.
The Group has established environmental management systems tailored to the characteristics of each of its businesses. In the Commercial Properties Business, which accounts for 95.7% of our business activities (fiscal 2021; facilities subject to the Energy Conservation Act*), we newly established the Environmental Measures Promotion Group as a specialized department within the division. All departments in the Commercial Properties Business participate in the Environmental Committee, which formulates environmental measures, shares information, and supports, guides and monitors the progress of initiatives. In the Residential Business, we have established an Environmental Measures Project Team, made up of members from across the division. This team formulates specific environmental measures, supports implementation, and manages progress, while coordinating within the Residential Business division on the implementation of various measures.
Other businesses and group companies conduct their business according to environmental guidelines established in line with the Group Environmental Policy.
* Act on the Rational Use of Energy

Related Material Issues

  • Contributing to a safe and secure society
  • Wellbeing
  • Addressing the diverse needs of customers and society
  • Social implementation of technology
  • Promoting a decarbonized society
  • Promoting a recycling-oriented society

Promoting a Decarbonized Society

Policy and Concept

The Paris Agreement adopted in 2015 at the United Nations Framework Convention on Climate Change (COP21) agreed to hold the average global temperature increase to well below 2°C above pre-industrial levels, and to pursue efforts to limit the increase to 1.5°C. At COP26 in 2021, an agreement was adopted to pursue efforts to limit the temperature increase to 1.5°C, and many countries are accelerating their efforts toward decarbonization. In April 2021, the Japanese government also declared its commitment to reduce GHG emissions by 46% from the fiscal 2013 level by fiscal 2030, and to pursue efforts toward achieving a higher reduction of 50%.

Realizing a decarbonized society is an issue that calls for global cooperation. The real estate industry must also strive to reduce GHG emissions deriving from real estate holdings and business activities. The Tokyo Tatemono Group further believes that the intensification of wind, flooding, and other natural disasters owing to GHG emissions could have a significant impact on the assets it owns. From this perspective as well, we recognize the need to prioritize this issue.
The Tokyo Tatemono Group Environmental Policy calls for us to lead the community in the prevention of global warming. In addition, we have identified promoting a decarbonized society as a material issue for the Group. To address this issue through our business operations, we have set medium- and long-term targets for reduction in GHG emissions, aiming to achieve a 40% reduction in our CO2 emissions by fiscal 2030 compared to fiscal 2019 and net-zero CO2 emissions by fiscal 2050. In September 2021, we obtained SBT certification from the SBT Initiative, an international climate change initiative, for our fiscal 2030 GHG reduction target.

In addition, we have set the shift to renewable energy, promotion of development of ZEB and ZEH, and acquisition of green building certification as process targets for achieving our medium- and long-term targets. We develop real estate that offers superior environmental performance and work with building management companies and tenants on operational initiatives toward achieving a decarbonized society. In August 2021, with the aim of more actively promoting the shift to renewable energy, we joined RE100, a global initiative for companies committed to 100% renewable energy use for their business.
At the same time, in response to climate change risks, we are developing resilient real estate (resistant to wind, flooding, and other natural disasters).

Related Material Issues

  • Addressing the diverse needs of customers and society
  • Social implementation of technology
  • Promoting a decarbonized society

External Evaluation and Certification for Green Building

Policy and Concept

The Tokyo Tatemono Group recognizes that, to meet the expectations and demands of our tenants, investors, and other stakeholders, it is essential both to develop and operate real estate with high environmental and social awareness and to make open disclosure of our performance and initiatives related to such real estate.
We have identified promoting a decarbonized society as a material issue for the Group. To address this issue through our business operations, we have established the acquisition of green building certification for all newly developed office buildings and logistics facilities by fiscal 2030 in principle as a KPI and target. We also have a policy of acquiring environmental certification as far as possible for existing office buildings we retain over the long term and for new and existing for-rent condominiums.

Related Material Issues

  • Strengthening Tokyo’s competitiveness as an international city
  • Addressing the diverse needs of customers and society
  • Revitalizing and utilizing real estate stock
  • Promoting a decarbonized society

Water Resources

Policy and Concept

As water shortages become even more severe worldwide, developed nations and the rest of the world face demands to improve water consumption efficiency.
The Tokyo Tatemono Group Environmental Policy includes a call for resource-saving activities that are kind to the earth. We have identified promoting a recycling-oriented society as a material issue for the Group. To address this issue through our business operations, we have established year-on-year water consumption unit load reduction of long-term buildings as a KPI and target for reducing water consumption, and established the equipping of all new office buildings with a total floor area of over 30,000m2 with gray water treatment facilities by fiscal 2030 in principle as a KPI and target for promoting use of recycled water.
As a developer, we recognize that water resources are an essential element for the continued creation of rich and comfortable spaces. We will strive to reduce the use of resources and environmental impact through all available opportunities including conserving the use of water and recycling rainwater and miscellaneous wastewater.

Related Material Issues

  • Contributing to a safe and secure society
  • Promoting a recycling-oriented society

Promoting a Recycling-oriented Society

Policy and Concept

Pollution caused by waste and hazardous substances and the depletion of natural resources are issues shared by all of society. Businesses have an obligation to reduce the waste and hazardous substances generated by their activities and use resources effectively.
The Tokyo Tatemono Group Environmental Policy includes a call for resource-saving activities that are kind to the earth. We have also identified promoting a recycling-oriented society as a material issue for the Group. To address this issue through our business operations, we have set KPIs and targets for the reduction of waste emissions and the promotion of waste recycling.
For our long-term buildings, we have set the target of a 20% reduction in waste emissions for fiscal 2030 compared to fiscal 2019. We have also set a target for fiscal 2030 of achieving a waste recycling rate of 90%.
We identify and implement measures for preventing environmental pollution and optimizing our use of resources throughout the entire life cycle of each building, from planning and design to construction, operation and management, and demolition.
To prevent environmental pollution, in the planning and design of buildings, we consider environmental assessments and develop environmentally friendly buildings. In operation and management, we work to prevent air and soil pollution through decreased generation and proper management of waste and hazardous substances.
To use resources more efficiently, we are introducing materials at the initial stage of a project that take into consideration later resource recovery, recycling, and waste generation control. For projects underway, we thoroughly sort waste and are working to boost the recycling rate. In these ways, we are helping to create a recycling-oriented society.

Related Material Issues

  • Promoting a decarbonized society
  • Promoting a recycling-oriented society

Biodiversity

Policy and Concept

Real estate development is intrinsically interlinked with local ecosystems and natural environments. We must grasp and reflect upon how we impact our surroundings, both directly and indirectly. Tokyo Tatemono Group is working toward a vision of creating a pleasant city and living with greenery, a commitment that is included in our Group Environmental Policy. We are striving to create a rich and comfortable environment that takes biodiversity into consideration, by maximizing the power of greenery, surveying local vegetation and the distribution of organisms, and selecting tree species to plant.
For initiatives of a certain scale in the Commercial Properties Business, our policy is to undergo assessment by impartial third parties. The organizations that assess our initiatives include ABINC, a third-party certification system for biodiversity conservation, and SEGES, a third-party certification system for green space creation.

Related Material Issues

  • Promoting a decarbonized society
  • Promoting a recycling-oriented society

Sustainability Finance

Policy and Concept

Sustainability finance refers to bonds and loans to raise funds specifically for the purpose of promoting sustainability by addressing environmental issues such as climate change or social issues such as poverty, health, and economic disparity.
The Tokyo Tatemono Group promotes urban development that contributes to solving social issues. We strive to improve the attractiveness of the areas in which we develop and to increase the value of our entire portfolio of owned office buildings. We aim to channel these efforts toward our sustainable growth as a company.
In this era of dramatic change and increasing uncertainty, we will accelerate the cycle of allocating the funds we raise to sustainable projects. We will help build a low carbon, sustainable society by balancing, at a high level across our operations, the need to address social issues with the need for business growth.

Sustainability Finance Framework

Tokyo Tatemono has established the Sustainability Finance Framework, which applies the four requirements defined in the Green Bond Principles and Social Bond Principles referred to in the International Capital Markets Association’s (ICMA)
Sustainability Bond Guidelines: Use of Proceeds; Process for Project Evaluation and Selection; Management of Proceeds; and Reporting.

Related Material Issues

  • Strengthening Tokyo’s competitiveness as an international city
  • Contributing to a safe and secure society
  • Community building and revitalization
  • Addressing the diverse needs of customers and society
  • Value co-creation and innovation
  • Promoting a decarbonized society

Responding to Natural Disasters

Policy and Concept

Natural disasters such as major earthquakes and typhoons threaten our way of life. Climate change has resulted in frequent destructive typhoons and extreme weather in recent years. As a result, interest is rising faster than ever in the safety of real estate, which is a foundation of our lives.
As a real estate services provider, the Tokyo Tatemono Group believes that improving resilience against disasters in ordinary times and providing safety and comfort to our customers and other stakeholders are important responsibilities.
We have identified contributing to a safe and secure society as a material issue for the Group. To address this issue through our business operations, we will continue to further strengthen our measures against natural disasters.

Related Material Issues

  • Strengthening Tokyo’s competitiveness as an international city
  • Contributing to a safe and secure society
  • Community building and revitalization
  • Wellbeing
  • Social implementation of technology
  • Promoting a decarbonized society

Data Collection