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Policies and Management Structure

NMF's Approach to Sustainability

Based on the recognition that it is essential for our sustainable growth to realize a sustainable society, we believe our contribution to solving social issues through our business is in line with our fundamental philosophy of “securing stable profit over the medium to long term” and “steadily achieving growth in assets under management.” Consequently, it would contribute to improving our unitholder value.
With this in mind, alongside its asset management company, Nomura Asset Management Company Co., Ltd., NMF has carried out asset management that gives due consideration to ESG issues since its founding. In January 2019, we set goals or KPIs for ESG issues of particular importance (hereinafter referred to as “materiality”) and are promoting efforts to achieve the goals. Furthermore, in January 2020, we added materiality items and an upward revision of the target levels.

<Net Zero by 2050>
We recognize that “countering climate change” is of especially high importance among our materiality issues.
We believe that successful transition to a decarbonized society through achieving net zero greenhouse gas (GHG) emissions will eventually have a big impact on our medium- to long-term performance. Based on this idea, in October 2022, we set the goal of achieving net zero by 2050. Toward achieving that goal, we have been working to systematically reduce GHG emissions to the minimum so that our absolute emissions of GHG will become closer to zero. We are doing this by, for example, actively introducing energy-saving facilities and electricity generated from renewable energy sources for properties that we own.

We will continue to actively promote our sustainability initiatives based on the policies, targets and KPIs set for each materiality issue, as well as promoting bidirectional communication and working together with our unitholders, tenants, employees, supply chains, local communities and other stakeholders through our ESG disclosures.

Shuhei Yoshida
Executive Director

Sustainability Policies and Systems

Sustainability Promotion Structure

Nomura Real Estate Asset Management Co., Ltd. (NREAM), an asset management company for NMF, has in place the following structure to promote initiatives under its Sustainability Policy in a constant and organized manner.

<Sustainability Promotion Structure>

<Annual Schedule>

  • Environmental Management System (EMS)

    NMF became the first J-REIT to be certified and registered for “EcoAction 21” Program.

    <Scope of Certification and Registration>

    investment and management of office buildings and residential properties

  • ecoaction21

For further information on the EcoAction 21 Certification/Registration Program,
please refer to its website. (Available only in Japanese)

Sustainability Promotion Manuals

Nomura Real Estate Asset Management Co., Ltd. (NREAM) formulated sustainability promotion manuals to provide basic policies with regard to and clarify procedures for its sustainability promotion initiatives, including those aimed at constantly monitoring and reducing the volume of energy and water consumption and greenhouse gas and waste emissions as well as those aimed at promoting green procurement through external collaboration. Through the distribution of these manuals, NREAM is striving to enhance the effectiveness of its sustainability initiatives.

<Overview of Sustainability Promotion Manuals>

Titles Content
Manuals for energy saving,
GHG reduction,
water saving and
waste reduction
Basic policies for the constant monitoring of and achieving ongoing reductions in consumption and emission volumes
Procedures for the monitoring, management and analysis of consumption and emission volumes and reporting to the Sustainability Promotion Committee
Green procurement manual Additional criteria to be assessed in the course of product and service procurement (energy-saving potential, vendors’ efforts to reduce the use of substances leading to environmental pollution, product durability and recyclability and other factors associated with environmental load reduction)
Additional criteria to be assessed in the course of the selection and evaluation of suppliers based on their involvement in sustainability initiatives (sustainability promotion structures, collaboration with environmental load reduction, etc.)

Sustainability Risk Assessments

Our assets under management are subject to periodic sustainability risk assessments.
Whenever assessment results reveal a critical sustainability risk, in-house specialists charged with assessments propose improvement measures at the Sustainability Promotion Committee. In this way, we are ensuring that any sustainability risk is properly identified, monitored and addressed.
Sustainability Risk Assessments are carried out in rotation for about 5 years for all properties.

Training for Officers and Employees

We aim to empower our officers and employees to play greater roles in sustainability promotion and help raise their sustainability awareness, to this end providing them with special training. At least once a year, these individuals attend training sessions designed to call their attention to the importance of sustainability, address the latest trends in sustainability initiatives and brief them on the status of NMF’s sustainability measures and targets and the progress it has made. These training sessions thus help attendees stay acutely aware of and properly updated about various sustainability issues.

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