Environmental

Environmental Performance

Environmental Performance

Environmental Performance

IIF works actively on energy conservation measures that relate to asset management, with the aim of creating a sustainable society through the reduction of environmental impact. As part of our carbon risk measures, at IIF we collectively manage our energy consumption and GHG emissions by outsourcing this work to external contractors; this has enabled us to gather highly accurate and transparent data. We then analyze this data as part of our continuing efforts at managing reductions in energy consumption.

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  Unit 2050
(Target)
2050
(Target)
FY2023 FY2022 FY2021
(Base year)
FY2020 FY2019 FY2018 FY2017 2016 2015
February 2023- January 2024 February 2022- January 2023 February 2021- January 2022 February 2020- January 2021 February 2019- January 2020 February 2018- January 2019 February 2017- January 2018
GHG emissions
Scope 1 (direct emissions) t-CO2 Net-zero 24,149 25,733 25,758 9,133 0 0 429 588 218
Scope 2 (indirect emissions) t-CO2 97 29 16,282 11,412 2,564 2,694 6,599 8,337 7,588
Scope 1+2 t-CO2 SBT Certified
Reduce by 42%*1
24,246 25,762 42,040 20,545 2,564 2,694 7,028 8,925 7,806
Scope 3 t-CO2 144,681 144,425 127,009 117,711 - - - - -
Category 1 (Purchased goods and services) t-CO2 7,085 7,349 6,707 - - - - - -
Category 2 (Capital goods) t-CO2 23,113 17,307 13,327 - - - - - -
Category 3 (Fuel- and energy-related activities not included in Scope 1 or 2) t-CO2 46,124 46,241 27,392 - - - - - -
Category 5 (Waste generated in operations) t-CO2 557 681 724 - - - - - -
Category 6 (Business travel) t-CO2 1 1 1 - - - - - -
Category 7 (Employee commuting) t-CO2 1 1 1 - - - - - -
Category 12 (End of life treatment of sold products) t-CO2 156 137 0 - - - - - -
Category 13 (Downstream leased assets) t-CO2 67,644 72,655 78,802 - - - - - -
Category 15 (Investments) t-CO2 0 54 56 - - - - - -
Per unit t-CO2/m2 0.11 0.11 0.11 0.11 0.07 0.08 0.08 0.09 0.11
Date collection rate % 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Energy consumption MWh 149,619 152,185 236,215 190,541 151,381 146,045 139,627 125,801 138,913
Energy consumption per unit kWh/m2 97.79 102.70 156.70 147.94 134.05 157.79 159.02 177.46 194.35
Date collection rate % 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Fuel / gas consumption MWh 147,679 161,875 163,548 65,296 11,241 12,977 12,997 12,435 7,633
Fuel / gas consumption per unit kWh/m2 96.52 109.20 108.50 50.70 9.95 14.02 14.80 17.54 10.68
Date collection rate % 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Water Use thousand m3 1,038 927 916 656 532 549 543 362 363
Water use per unit m3/m2 0.68 0.63 0.61 0.51 0.47 0.59 0.61 0.51 0.51
Date collection rate % 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Volume of non-hazardous waste t 6,324 7,090 7,676 6,176 5,422 6,403 5,827 3,505 2,376
Volume of hazardous waste t 360 329 293 163 33 104 105 94 210
Recycling rate % 29.5 40.5 40.4 45.1 45.2 32.1 31.6 33.2 -
Date collection rate % 88.4 89.9 90.1 89.6 93.4 100.0 100.0 100.0 94.5
  • Data and emissions per unit is calculated based on the total floor area (after considerations for occupancy status).
SBTi
  • *2The above Environment data is compiled based on reports from tenants and operators of each property, but data values may vary due to changes in the scope of reporting.

Initiatives for Reducing Environmental Impact

At IIF, we implement certain sustainability and energy-saving measures and make efforts toward more efficient energy use at our properties to show greater consideration for the environment and lessen its environmental impact. We collectively manage GHG emission, electrical power, fuel, and water consumption and analyze the accumulated data, which is both accurate and highly transparent to actively manage reduction of energy use.

GHG Emissions

GHG Emissions

IIF Supports “Zero Emission Tokyo” Initiatives

In support of initiatives by the Tokyo Metropolitan Government’s Bureau of Environment to make zero CO2 emissions in Tokyo, IIF has donated 1,341tons of CO2 credits acquired through energy conservation efforts in accordance with Tokyo’s Cap -and- Trade Program

For details, please refer to the website of Tokyo Metropolitan Government Bureau of Environment
www.kankyo.metro.tokyo.jp/en/climate/index.html

  • *Tokyo Cap-and-Trade Program Credit: Japan’s first mandatory emission trading scheme to donate CO2 credits (excess reduction credits) acquired through energy conservation efforts.

Energy

Energy

Example of Initiatives

Cooperating with tenants, IIF actively implements energy-saving measures, such as sourcing of renewable energy, installing light-emitting diode (LED) lighting and solar power.

Example Target/KPI/Progress

Sourcing of Renewable Energy in Line with RE100

IIF Shonan Health Innovation Park has a green building design and is the first research facility to be selected by the Ministry of Land, Infrastructure, Transport and Tourism’s Model Project for Promoting CO2 Reduction in Housing and Building. Passive design that makes maximum use of natural energy has been adopted in addition to active technology for using energy efficiently. Also, electricity consumption is reduced through usage of daylight and installation of motion sensors, and use is made of exhaust heat from experiments. In addition, as a new initiative, the facility switched to electricity derived from renewable resources in electricity procurement in line with RE100 standards from August 1, 2021, thus contributing to IIF’s newly established CO2 emissions reduction targets toward carbon neutrality by 2050.

IIF Shonan Health Innovation Park

LED lighting

Replacing existing lighting with LED lighting saves energy and extends the lives of lamps.
In the process of conversion to LED lighting, the expected reduction in electrical capacity is discussed beforehand with the tenant and in some cases contracts are concluded in which a portion of the savings generated from the reduction of electricity use can be paid as rent.

Properties:

Solar power

Solar panels are installed on the roofs of facility buildings to reduce GHG emissions.

Circular Economy

Circular Economy

It aims to contribute to the realization of a sustainable society by enabling both reduced environmental impact and economic growth through the efficient use of resources and minimization of waste. IIF works towards the sustainable use of resources by actively working to make effective use of water resources and promoting waste minimization.

Circular Economy Target/KPI/Progress

While water use per unit increased slightly from 0.51 in 2015 to 0.68 in FY2023, there was no significant increase in any individual property.

Initiatives for reduced water consumption

Initiatives for reduced water consumption

Effectively using water resources by tapping intermediate water

Automated pumping machine at IIF Mitaka Card Center
Automated pumping machine at IIF Mitaka Card Center

IIF Mitaka Card Center seeks to use water resources effectively by tapping reclaimed water, which is hauled from a well through automated pumping machine, for the premises' sprinkler systems. Intermediate water is also used as daily water in the event of an emergency or disaster.

Initiatives for reduced waste

Initiatives for reduced waste

We seek to waste properly by means such as appropriately separating the waste produced by the properties to improve the recycling rate and advancing initiatives to minimize the amount of waste by monitoring the amount of waste generated.

Pollution Prevention

Pollution Prevention

IIF strives to create and enhance environmental benefits by undertaking conservation activities and reducing its environmental footprint with the asset manager.

Assessments When Acquiring Real Estate Properties

When acquiring real estate properties, the asset manager takes various environmental factors into consideration before making investment decisions: property inspections, land history investigations, and other related research on environmental risk factors.
 Recognizing that hazardous substances related to soil contamination and buildings (PCB, asbestos, etc.) are one of the risk factors in real estate transactions. Adequate and reasonable measures are taken in light of socially accepted ideas and trustee obligations, and legal regulations, complaints, and other risk management are implemented in relation to hazardous substances related to soil contamination and buildings.

Adequate measures

  1. To accurately calculate the risk for the judgment materials for the acquisition of real estate
  2. Minimize risk in acquiring real estate
  3. Compliance with laws and regulations regarding soil contamination, etc. after acquisition of real estate (soil contamination countermeasures laws)

 During soil and environmental investigations, third party experts perform environmental pollution investigations. Prior to executing any purchase agreement, Investment Corporations will have experts conduct a soil and environmental contamination survey to assist it in assessing a property’s environmental risks. Investment Corporations will use the pre-investment assessment workflow chart indicated below to determine whether the investment would be appropriate.
 Concerning soil contamination, its property acquisition manual stipulates that investment targets shall be, in principle, properties “that are very unlikely to have soil contamination or that cannot eliminate the possibility of having soil contamination but are very unlikely to carry environmental damage risk.”

Pre-Investment Assessment Workflow

Pre-Investment Assessment Workflow
  • *1If we are unable to determine solely from a review of historical records that there is no risk of soil contamination or that no other environmental contamination exists (for example, a manufacturing facility that utilized toxic or other hazardous substances in the past), we will conduct interviews with the seller.
  • *2If we are unable to determine from interviews with the seller that there is no risk of soil or other environmental contamination, we will conduct a soil and groundwater contamination survey.
  • *3If a contamination concern exists, but the necessary remediation would be technically or economically infeasible (for example, remediation is extremely difficult due to structures existing above the contaminated area), we will recommend a price adjustment.
  • *4If, after discussions with the seller, remediation is deemed technically and economically feasible, we will conduct site remediation or require the seller to do so.

Building Safety

Building Safety

IIF is working to maintain the safety of its buildings by conducting building and earthquake risk assessments at the time of acquisition as well as collecting engineering reports on a regular basis. In addition, secondary assessments are performed as well. When results of those assessments conclude that earthquake-resistant reinforcement construction is required, we aim to make choices that will provide the necessary seismic retrofitting while minimizing waste. At the same time, we also work to reduce GHG emissions and energy consumption in the updated facility.

Building Safety Target/KPI/Progress

Measuring Air Environment

Asbestos is a naturally occurring mineral fiber sometimes called sekimen or ishiwata, and breathing it is highly likely to be hazardous to health, thus implementation of some measures is required. IIF measures the air environment once a year to confirm the dispersal status of asbestos.