Environment
Environmental Targets
Greenhouse Gas Emissions
The Asset Manager will reduce annual emissions intensity related to energy consumption of CRE REIT's portfolio (market basis) (t-CO2e/m2) by 46% from the fiscal year 2019 level by fiscal year 2030.
Coverage Rate for Environment-Related Data
The target of CRE REIT's portfolio coverage rate for energy consumption, renewable energy production, annual greenhouse gas emissions and water consumption is 100% continuously until the fiscal year 2027.
Percentage of Green Building Certifications Acquired
The Asset Manager will increase green building eligibility criteria properties to at least 95% of CRE REIT's portfolio (based on total floor area) by fiscal year 2027.
Environmental Performance Data
Greenhouse Gas Emission
FY 2019 (base year) |
FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
---|---|---|---|---|---|---|
Scope1 (t-CO2e) | ー | ー | ー | ー | ||
Scope2(t-CO2e) | 64.4 | 104.2 | 274.5 | 272.5 | ||
Scope3(Category 13)(t-CO2e) | 3,854.0 | 6,227.3 | 6,170.6 | 7,143.1 | ||
Total Greenhouse gas emission(t-CO2e) | 3,918.4 | 6,331.5 | 6,445.1 | 7,415.6 | ||
Greenhouse gas emission intensity(t-CO2e/㎡) | 0.0124 | 0.0127 | 0.0112 | 0.0129 | ||
Compared to FY2019 | ー | 2.8% | -9.2% | 4.4% | ||
Portfolio coverage rate | 100.0% | 100.0% | 100.0% | 100.0% | ||
Energy Consumption
FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
---|---|---|---|---|---|---|
Scope of management by owners | ||||||
Energy consumption(kWh) | 130,270 | 248,065 | 732,535 | 939,790 | ||
Energy consumption intensity(kWh/㎡) | 152.83 | 76.51 | 83.78 | 107.48 | ||
Portfolio coverage rate | 100.0% | 100.0% | 100.0% | 100.0% | ||
Scope of management by tenants | ||||||
Energy consumption(kWh) | 6,416,458 | 12,462,584 | 17,193,088 | 20,045,325 | ||
Energy consumption intensity(kWh/㎡) | 20.32 | 25.22 | 30.42 | 35.47 | ||
Portfolio coverage rate | 100.0% | 100.0% | 100.0% | 100.0% | ||
Total | ||||||
Energy consumption(kWh) | 6,546,728 | 12,710,649 | 17,925,623 | 20,985,115 | ||
Energy consumption intensity(kWh/㎡) | 20.67 | 25.55 | 31.23 | 36.56 | ||
Portfolio coverage rate | 100.0% | 100.0% | 100.0% | 100.0% | ||
Renewable Energy Production
FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
---|---|---|---|---|---|---|
Electricity sales(kWh) | 9,015,763 | 9,852,889 | 11,421,144 | |||
In-facility consumption(kWh) | 252,708 | 1,864,548 | 2,908,446 | |||
Total | 9,268,470 | 11,717,437 | 14,329,590 | |||
Ratio to energy consumption | 73% | 65% | 68% | |||
Portfolio coverage rate | 100.0% | 100.0% | 100.0% | |||
Water Consumption
FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
---|---|---|---|---|---|---|
Water consumption(㎥) | 7,583 | 11,883 | 17,886 | 20,120 | ||
Water consumption intensity(㎥/㎡) | 0.026 | 0.024 | 0.031 | 0.035 | ||
Portfolio coverage rate | 90.9% | 100.0% | 100.0% | 100.0% | ||
Percentage of Green Building Certifications Acquired
Please refer to the "External Evaluation and Certifications" page.
Waste Amount
FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
---|---|---|---|---|---|---|
Waste amount(t) | 729 | 618 | 974 | 1,211 | ||
Portfolio coverage rate | 52.5% | 39.0% | 66.0% | 60.5% | ||
(Note1) | Fiscal year is the period from April 1 until March 31. For example, fiscal year 2019 is April 1, 2019 to March 31, 2020. |
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(Note2) | The environmental performance data for FY2022 above (greenhouse gas emission, energy consumption, water consumption and waste amount) are subject to a limited level of assurance by a third-party institution, the Japan Quality Assurance Organization. For more details, please refer to the Independent Verification Report below. |
Independent Verification ReportPDF(148KB) |
Initiatives Through Our Portfolio
Solar Panels
CRE REIT leases roof top space and the lessees contribute to the creation of renewable energy through photovoltaic power generation
In-House Consumption of Solar Power
Ensure a part of the electricity consumed in facilities from electricity generated by solar power.
Sandwich Panels
With outstanding design and a high heat insulating effect for their exterior walls, sandwich panels reduce the thermal load when refrigerating and heating equipment is installed.
LED Lights
The use of LED lights contributes not only to energy savings and the reduction of CO2 , but also the reduction of electric bills, which are to be paid by tenants, along with the replacement cost of lighting and an improvement in the working environment.
Human Detecting Sensors
Promote energy saving by installing human detecting sensors in facilities.
Water-Saving Sanitation Appliances
Promote the reduction of water usage by installing sanitation appliances with high performance in the reduction of water usage.
Roof Watering Equipment
Contribute to the reduction of temperatures inside warehouses by installing roof watering equipment using well water.
Wall Greening
Wall greening has the effect of lowering the surface temperature of buildings and contributes to the reduction of CO2 in the atmosphere.
Soil Contamination Countermeasures
Enbio Holdings, Inc., a CRE group company, revitalizes old factory sites, etc. as land for the development of logistics facilities by actively utilizing in-situ cleaning methods that decompose underground contaminants without excavating contaminated soil.
Regional Revitalization Through Redevelopment
CRE generates employment and contributes to the regional revitalization by acquiring idle land such as former factory sites and constructing logistics facilities.
Flexible / Mixed Use
The facility is equipped not only with a warehouse but also an office space. In addition, a portion of the warehouse is also used as a workshop and a photography studio.
Environmental Considerations for Green Field Developments
When developing logistics facilities in undeveloped area (green field) such as urbanization control area, CRE obtains development permission and permission for conversion of agricultural land from local governments, and takes measures such as obtaining green building certification to reduce environmental impact.
Collaboration with Tenant
Green Lease Contract
Lease agreements with tenants include provisions that CRE REIT and tenants collaborate to implement measures for energy conservation, environmental preservation, etc. By standardizing green lease provisions, CRE REIT is working to mitigate environmental burden through collaboration with tenants.
June 30, 2023 | December 31, 2023 | |
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Green lease contract rate (based on leased area) |
34.1% | 41.5% |
Collaboration with Suppliers
The Asset Manager has established guidelines on standards for selecting and evaluating suppliers to promote ESG initiatives with property management companies and other individual suppliers. By conducting questionnaires that include questions regarding the status of sustainability initiatives at the start of transactions and once a year and evaluating results, the Asset Manager enhances supplier engagement.
Collaboration with Property Management Companies
The Asset Manager holds regular monthly meetings with property management companies to regularly share information and discuss initiatives related to energy saving, climate change, etc.
In addition, the Asset Manager conducts annual monitoring to ensure cooperation from property management companies in achieving the sustainability policies and targets.