ESG InitiativesESG Policy & Promotion System

Basic ESG Policy

Recognizing that Environmental, Social, and Governance ("ESG") consideration is extremely important to balance corporate growth and a sustainable society, we strive to reduce environmental burden, cooperate and collaborate with various stakeholders including investors, and proactively disclose information by incorporating a perspective on ESG into our overall operations in line with the Policy.

1. Mitigating and Adapting to Climate Change

Climate change is an important issue that is common throughout the world. As an initiative to reduce greenhouse gas emissions and such for realizing a decarbonized society, we will promote energy efficiency and use renewable energy, thereby contributing to climate change mitigation. In addition, we aim to provide safer and more competitive real estate through climate change adaptation.

2. Considering User Health and Well-being

We will consider the health and well-being of tenants and users and strive to improve customer satisfaction by enhancing the indoor and outdoor environment and common use area functions.

3. Improving Engagement of Employees

We aim to balance work and personal life by promoting flexible work styles that suit individual lifestyles. We also strive to improve the engagement of employees by creating a comfortable work environment that considers their health and well-being.

4. Promoting Diversity, Equity, and Inclusion ("DEI"), and Developing Human Capital

We believe that every officer and employee is a valuable asset and recognize that the fulfillment of potential by various employees is necessary for the continued improvement of corporate value. We will foster a corporate culture enabling such diverse officers and employees to work enthusiastically and engage in human capital development through personnel systems, education, and training.

5. Developing ESG Awareness

We will work to enhance awareness of various aspects of ESG, not only among officers and employees, but also tenants and suppliers of properties owned by clients. In addition to improving the competitiveness of GAR and tenants, we aim to contribute to realizing a sustainable society.

6. Communicating ESG Information

We will proactively disclose ESG promotion structures, strategies, initiatives, and performance to various stakeholders including investors, and promote constructive dialogue. Moreover, we will seek to secure informational objectivity by using external evaluations and environmental certifications.

7. Emphasizing Compliance

To protect the interests of clients, we will ensure thorough compliance, including the prevention of fraud and corruption, the provision and receipt of improper benefits and elimination of conflicts of interest, with an aim of gaining the trust of a wide range of stakeholders.

ESG Promotion System

We have established the following system with the aim of continuously and systematically promoting initiatives based on the ESG Policy.

ESG Promotion System

Top Officer [President] Overall Control and Decision Making
Oversees and decides on planning and implementation of discussion items
Operating Officer [The executive officer(s) in charge of REIT Management Department or REIT Finance Department, the General Manager of REIT Management Department, and the General Manager of REIT Finance Department] Planning and Implementation
Planning of discussion items and implementation of decisions made by Top Officer

ESG Promotion Council 
(held once or more every three months)

Constituent members
  1. 1President [Top officer]
  2. 2The executive officer(s) [Operating officer]
  3. 3Compliance Officer
  4. 4Executive Officer in charge of Compliance Office, General Manager of Compliance Office
  5. 5Executive Officer in charge of Planning & General Affairs Department, General Manager of Planning & General Affairs Department
  6. 6Co-General Manager of Planning & General Affairs Department (ESG Promotion) [secretariat]
  7. 7Executive Officer in charge of diversity promotion and Research Department, General Manager of Research Department
  8. 8Executives and employees appointed as needed
Details of issues:
  1. 1Development of system regarding ESG promotion and setting items for implementing initiatives
  2. 2Setting reduction targets for environment-related data and progress management related to various ESG policies(Policies on energy saving, reduction of greenhouse gas emissions, water saving, waste, etc.)
  3. 3Management and review of implementation status at various measures based on the above reduction targets for environment-related data
  4. 4Proposal on information disclosure methods concerning above items
  5. 5Operate and organize Environmental Management System (EMS)
  6. 6Proposal on items of new initiatives

Diversity, Equity and Inclusion (DEI) Promotion Panel

Constituent members
  1. 1President [Top officer]
  2. 2Executive Officer in charge of diversity promotion [Operating officer]
  3. 3Executives and employees appointed as needed
Details of issues
  1. 1Consideration and promotion of matters related to DEI
  2. 2Understanding of various measures related to DEI promotion policy and status of their progress
  3. 3Proposal on disclosure methods for information related to DEI
  4. 4Reporting of the status of the above initiatives to ESG Promotion Council