NOMURA REAL ESTATE MASTER FUND, INC.

TSE code :3462

  1. HOME
  2. ESG
  3. International Initiatives and Certifications

International Initiatives and Certifications

Signatory to PRI and UNEP FI

Nomura Real Estate Asset Management Co., Ltd. (NREAM), to which Nomura Real Estate Master Fund, Inc.(NMF) entrusts the management of its assets, has become a signatory to the Principles for Responsible Investment(PRI) and the United Nations Environment Programme Finance Initiative (UNEP FI) in December 2017 based on the idea that asset management considering ESG is essential to the sustainable growth of the asset value.

For details, please refer to the press release dated December 18, 2017PDF(211KB)

External Evaluation

1. Participation in GRESB
1-1. GRESB
An annual benchmarking program aimed at evaluating environmental, social and governance (ESG) initiatives undertaken by real estate businesses, GRESB was established in 2009 by two of Europe’s largest pension fund administrators, which have also taken the lead in establishing the UN Principles for Responsible Investment, acting as its advocates.
In its assessment, rather than simply focusing on individual real estate holdings, GRESB evaluates real estate companies, REITs and private real estate funds on the basis of their sustainability initiatives, thus distinguishing itself from other real estate-related ESG benchmarking programs.
In 2018, 903 real estate companies and funds participated in the assessment, representing more than 79,000 assets across 64 countries, with a total value of USD 3.6 trillion.

Please click here (English website) for details of GRESB.

1-2. About GRESB’s “Sector Leader”
The GRESB awards the title of “Sector Leader” to real estate companies, REITs and funds which have achieved the highest overall GRESB score within each of the categories such as nature of ownership, sector and region. NMF was named as “Global Sector Leader”, ranking first out of 29 companies globally in listed diversified sector.

GRESB

1-3. About GRESB’s “Green Star” and “5-Star” Real Estate Ratings
Under the GRESB program, NMF received a “Green Star” rating for a third consecutive year. The “Green Star” rating is bestowed only to applicants that earn outstanding evaluations in terms of “management & policy” and “implementation & measurement”-two operational dimensions subject to assessment in light of efforts aimed at addressing environmental concerns and sustainability issues. NMF also received a “5-Star” rating for a second consecutive year, the highest under a five-grade evaluation system that reflects global ranking based on an applicant’s total scores.

  • GRESB
  • NMF believes that the factors that helped it earn these ratings are as follows.
    ・Initiatives for enhancing in-house governance system.
    ・Efforts aimed at enhancing the scope of monitoring such as energy consumption, etc..
    ・A proactive attitude toward acquiring “Green Building” and other such certifications

1-4. About an “A” Rating under the GRESB Public Disclosure Level Evaluation Scheme
We received an “A” rating for a second consecutive year, the highest rating given under the five-grade GRESB Public Disclosure Level evaluation scheme introduced in 2017 or our proactive information disclosure practices in connection with environmental and sustainability initiatives.

GRESB

2. Acquisition of DBJ Green Building Certification
The DBJ Green Building Certification is a certification system created by the Development Bank of Japan (DBJ) to support real estate properties with environmental and social awareness. The certification system evaluates convenience, comfort, disaster/crime prevention, energy-saving, involvement with communities, etc. in addition to environmental performance, and evaluation results are expressed in five-level ratings (5 stars ★★★★★ to 1 star ★).

DBJ Green Building Certification

Acquisition status of DBJ Green Building Certification

All Properties Certified Properties Certified Rate
Number of Properties

(※1)

267 48 18.0%
Total Floor Area(㎡)

(※2)

2,147,964.18 1,195,865.19 55.7%
(note1) Acquisition status as of Dec. 19, 2018.
(note2) Calculated based on properties in the fund excluding land.
(note3) Calculated based on the floor area multiplied by the fund share of the property or on the floor area of exclusively owned space.

The following properties among properties owned by the Investment Corporation received the certification.

Please click here for details of DBJ Green Building.

3. Acquisition of BELS Certification
BELS certification is provided under a public evaluation system, which evaluates the energy conservation performance of non-residential buildings based on the Building Energy Efficiency Act.
The assessment is on the basis of the Building Energy Index (BEI) value derived from primary energy consumption based on the building energy efficiency standards provided by the Japanese government.
Third parties evaluate the performance of buildings from various points of view, regardless of whether a building is new or not, and the evaluation result is represented by a number of stars (from one star "★ " to five stars "★★★★★").

Acquisition status of BELS Certification

All Properties Certified Properties Certified Rate
Number of Properties

(※1)

267 19 7.1%
Total Floor Area(㎡)

(※2)

2,147,964.18 419,436.03 19.5%
(note1) Acquisition status as of Dec. 19, 2018.
(note2) Calculated based on properties in the fund excluding land.
(note3) Calculated based on the floor area multiplied by the fund share of the property or on the floor area of exclusively owned space.

The following properties among properties owned by the Investment Corporation received the certification.

Return to top of page