Participation in Initiatives
The Tokyo Tatemono Group participates in various initiatives in Japan and overseas, believing that collaboration between many different entities across countries, regions, and organizations is important for solving social issues.
United Nations Global Compact
The United Nations Global Compact (UNGC) is a global framework for companies and organizations to act as good corporate citizens and achieve sustainable growth by demonstrating responsible and creative leadership. Companies and organizations that sign up to the UNGC are expected to continue their efforts to achieve the ten principles, which include the protection of human rights, the elimination of unfair labor practices, the protection of the environment, and the prevention of corruption, based on the commitment of top management.
Tokyo Tatemono has signed the UNGC in July 2021. The Tokyo Tatemono Group supports the UNGC, which consists of four areas: human rights, labor, the environment, and anti-corruption, and will contribute to the realization of a sustainable society.
TCFD (Task Force on Climate-related Financial Disclosures)
The Task Force on Climate-related Financial Disclosures (TCFD) is an organization established by the Financial Stability Board (FSB) at the request of the G20 to study climate-related information disclosure and responses by financial institutions.
The Tokyo Tatemono Group have expressed its support for the TCFD recommendations in June 2020. The Tokyo Tatemono Group will continue to enhance its disclosure content and strengthen its climate change measures in line with the information disclosure framework recommended by TCFD (governance, strategy, risk management, indicators and targets related to climate change risks and opportunities).
The SBT Initiative is an international climate change initiative established in 2015 by the CDP, the UN Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). It is an organization that examines and certifies whether the greenhouse gas emission reduction targets set by companies and organizations around the world are consistent with the levels required by the Paris Agreement (which aims to limit the global temperature rise to well below 2 degrees Celsius above pre-industrial levels (WellBelow 2 degrees Celsius) and to 1.5 degrees Celsius).
Tokyo Tatemono has set medium- to long-term targets for reducing greenhouse gas emissions, and received SBT certification in September 2021, stating that these targets are consistent with the levels required by the Paris Agreement.
RE100 is an international initiative that aims to procure 100% of the electricity consumed in business activities from renewable energy sources.
The Tokyo Tatemono Group is participating in this initiative with the aim of procuring 100% of the electricity consumed in its business activities from renewable energy sources by 2050.
CDP is a non-profit organization that works with institutional investors and others to require companies to disclose information on their climate change strategies and greenhouse gas emissions, and to encourage them to take action.
The Tokyo Tatemono Group discloses environmental information through CDP.
Japan Climate Initiative（JCI）
The Japan Climate Initiative is a network dedicated to fighting climate change. It aims to strengthen information dissemination and communication among a variety of entities other than the national government, such as Japanese companies, local governments, and NGOs.
Tokyo Tatemono has participated in the Japan Climate Initiative as a full member since 2019, seeing climate change as a social issue that requires global collaboration.
The Japan Climate Leaders' Partnership (JCLP)
The Japan Climate Leaders' Partnership (JCLP) is a unique Japanese business group that is working beyond the boundaries of the corporate sector to achieve a decarbonized society. In partnership with The Climate Group, an international non-profit organization, JCLP also serves as Japan's RE100 membership liaison.
Tokyo Tatemono Group joined JCLP in April 2022 and became a full member in order to contribute to the realization of a sustainable decarbonized society through co-creation and collaboration across industries and sectors, together with other leading environmental companies that are members of JCLP.
The Tokyo Tatemono Group is a "Participant Member" of GRESB, an annual benchmark assessment that measures environmental, social, and governance (ESG) considerations of real estate companies and funds. The Group also participates in the "GRESB Real Estate Assessment" and has been evaluated.
- ・GRESB Real Estate Assessment Results for 2021
- The GRESB Standing Investment Benchmark:
Tokyo Tatemono was the only real estate developer to receive the highest rating of "5 Stars" for five consecutive years.
- The GRESB Development Benchmark:
Tokyo Tatemono received the highest rating of "5 stars" for the second consecutive year and was selected for the first time as a "Global Sector Leader" for 2021 in the mixed-use sector.
The Principles for Responsible Investment（PRI）
The Principles for Responsible Investment (PRI) are a set of investment principles that institutional investors and others have signed up to address fundamental issues in their investment portfolios, and are promoted in collaboration with founding partners the United Nations Environment Programme (UNEP) and the United Nations Global Compact (UNGC). The PRI advocates the integration of environmental, social and governance issues into investment decision-making, with the aim of improving the long-term investment performance of beneficiaries and further fulfilling fiduciary responsibility by incorporating these perspectives into the investment decision-making process. By incorporating these perspectives into the investment decision-making process, we aim to improve the long-term investment performance of beneficiaries and further fulfill our fiduciary responsibility.
Tokyo Realty Investment Management, Inc., the asset management company of Japan Prime Realty Investment Corporation, agrees with the basic concept of PRI and became a signatory organization in May 2019.