Tokyu Land Capital Management Inc.
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Direction Sustainability

Sustainability Policy

Tokyu Land Capital Management Inc. (the “Company”) established the sustainability policy on June 1, 2018, to realize “development of society through the development and provision of high-quality real estate investment services,” reflecting its management philosophy, by including the perspectives of environment, social and governance (ESG) in real estate investment management operations.

Signatory to Initiatives

Principles for Responsible Investment (PRI)

We became a signatory member to the Principles for Responsible Investment (PRI) as of June 2019, in agreement with the underlying concept.

Overview of PRI

The PRI is a set of investment principles established for the financial industry in 2006 under the leadership of the then United Nations Secretary-General Kofi Annan. The aim is for companies to include ESG factors in their decision-making processes on investment and enhance the long-term investment performance of their beneficiaries. The PRI is comprised of the following six principles.

The six Principles for Responsible Investment

  1. We will incorporate ESG issues into investment analysis and decision-making processes.
  2. We will be active owners and incorporate ESG issues into our ownership policies and practices.
  3. We will seek appropriate disclosure on ESG issues by the entities in which we invest.
  4. We will promote acceptance and implementation of the Principles within the investment industry.
  5. We will work together to enhance our effectiveness in implementing the Principles.
  6. We will each report on our activities and progress towards implementing the Principles.

Task Force on Climate-related Financial Disclosures (TCFD)*

We expressed our support for the recommendations announced by the Task Force on Climate-related Financial Disclosures (TCFD) as of January 2022, in agreement with the underlying concept.

Overview of TCFD

At the request of the G20, the Financial Stability Board, which consists of the central banks of respective countries and other authorities, established TCFD in December 2015. TCFD announced a final report in June 2017, and recommends companies to disclose the following four items regarding the risks and opportunities related to climate change as tax information.
Governance
Strategy
Risk Management
Metrics and Targets

*In October 2023, the TCFD was dissolved, but the International Financial Reporting Standards (IFRS) Foundation took over the task of monitoring companies' progress with disclosure. Going forward, we will continue to make disclosures regarding climate change-related risks while paying close attention to new standards proposed by the International Sustainability Standards Board (ISSB) of IFRS and the Sustainability Standards Board of Japan (SSBJ) of the Financial Accounting Standards Foundation (FASF) in Japan.

Strategic Resilience

As outlined in our sustainability policy, we are committed to mitigating the impacts of climate change by promoting the introduction of energy-efficient equipment, the efficient use of energy, and the use of renewable energy. At the same time, in response to the increasing societal demand for addressing climate-related issues, we collaborate with stakeholders to address environmental challenges, including climate change, across the entire supply chain. Through the initiatives described below, we aim to further enhance the resilience of our business.

  1. Investment in Renewable Energy Generation FacilitiesSince 2016, in cooperation with our group companies, we have been engaged in asset management operations that invest in renewable energy generation facilities, including solar and wind power. Leveraging the flexibility, diversity, and agility of our asset management capabilities, we continue to take on the challenge of creating new value.

  2. Environmental CertificationsFor certain properties held by funds for which we provide asset management services, we have obtained DBJ Green Building Certification as well as BELS ratings.

  3. GRESB Real Estate AssessmentSince 2018, we have obtained evaluations under the GRESB Real Estate Assessment for selected funds under our asset management services.