The progression of global warming is a serious issue threatening the sustainability of humankind and the existence
of the social economy. As a result, we consider environmental issues on a worldwide scale. Regarding the Paris
Agreement drafted at COP 21 and the draft version of “Japan’s Promise” submitted to the United Nations, the Japanese
government made a Cabinet decision called the Plan for Global Warming Countermeasures on May 13, 2016. This
decision is to comprehensively and systematically promote global warming countermeasures
Tosei Asset Advisors (“TAA”) works on environmental impact reductions for properties across Japan under our
management to materialize the “Tosei Group Eco Declaration” and “Eco-Mission.”
The Private Fund Division established the ESG Committee (Committee Chairperson: Division Head of
Private Fund Division) to promote initiatives that reduce the impact on the environment. This Committee
developed the ESG plan, energy conservation manual, GHG reduction manual, water conservation manual, green
procurement manual, renovation manual, biodiversity guidelines, adaption guidelines to climate change, etc. We
communicate the manuals and policies to all staff, and the implementation status is checked based on the
management system.
The Private Fund Division’s environmental management system (EMS) organizational chart
Environmental initiatives of our private funds and Tosei REIT are as follows.
Participation in GRESB Real Estate Assessment
The following funds under our management participated in the GRESB and obtained the following results.
OSJ Kinshicho TMK (already divested)
OSJ NSY TMK(already divested)
GRESB is an annual benchmark that measures environmental, social, and governance (“ESG”) considerations by
real estate companies and funds in real assets.
TAA obtained the Green Building Certification for an office building in Sumida Ward (March 30, 2018).
Office building in Sumida Ward
TAA obtained the Green Building Certification for an office building in Yokohama City (December 20,
2018).
Structure
Steel Structure
No. of floors
9 stories above ground and one below
Constructed
1992
Gross floor area
4,747.21m²
TAA obtained the Green Building Certification for an office building in Yokohama City (December
20, 2018).
Office building in Yokohama City
DBJ Green Building Certification is established by the Development Bank of Japan (DBJ) in April 2011 to
support real estate (“Green Buildings”) with high environmental and social awareness.
Structure
Steel Reinforced Concrete / Steel Structure
No. of floors
18 stories above ground and one below
Constructed
1993
Gross floor area
50,304.72m²
DBJ Green Building Certification is established by the Development Bank of Japan (DBJ) in April 2011
to support real estate (“Green Buildings”) with high environmental and social awareness.
TAA acquired “Building Energy-efficiency Labeling System” (BELS) Certification for the
following office buildings.
What is BELS? BELS evaluates energy conservation performance of buildings
through a third-party evaluative organization and accredits them based on the Guidelines on the
Energy Consumption Performance of Buildings
Please click here for information on
the acquisition of BELS at Tosei REIT.
Appointment as a Fund Manager in Business Promotion Program for Creation of Quake-Resistant and Energy-
Efficient Real Estate by the Ministry of Land, Infrastructure, Transport and Tourism and the Ministry of
the Environment
In 2013, TAA was selected as a manager of the first semi-governmental real estate fund operated by Real
Estate Sustainability & Energy-Efficiency Diffusion (Re-Seed) in a project to promote the creation of
quake-resistant and energy-efficient real estate. The program fosters renovation and reconstruction of old
and underutilized real estate to high-quality real estate with quake resistance and environmental
performance. It capitalizes on the private fund’s expertise after the government’s providing risk money to
induce private investment. TAA was selected as a manager of the second semi-governmental real estate fund in
2014 and 2017.
Earthquake-resistant ・environmental real estate formation promotion business
2013
Appointment in the first project i in Taito Ward
http://www.re-seed.or.jp/news1/detail/16
(The first project of this business)
2014
Appointment in the second project at Shin Yokohama Center Building
http://www.re-seed.or.jp/news1/detail/26
(The second project of this project)
2017
Appointment in Sumida Ward
http://www.re-seed.or.jp/news1/detail/49
Appointment in Yokohama City
http://www.re-seed.or.jp/news1/detail/50
Environmental Initiatives at an Office Building in Sumida Ward
Structure
Steel Structure
Constructed
1992
No. of floors
9 stories above ground and one below
Gross floor area
4,747.21m²
Developed “Office Building in Sumida Ward ESG Plan“Environmental Management Plan”
Installed LED lighting throughout the whole building (1,333 units)
Installed an electric-powered tent (to mask solar radiation heat)
Renovated for water conservation (lavatories)Quarterly monitoring of energy, water
consumption,GHG emissions and waste emissions
Conducted energy conservation diagnostics
Conducted environmental risk assessment
Assessed subcontractors for green procurement
Distributed sustainability guide including environmental and consideration matters to
tenants
Posted environmental conservation educational posters in common-use spaces
Concluded a green lease agreement (a lease contract which includes articles
on environmental consideration)
Energy management
Reduced energy consumption, GHG emissions, and water consumption by 5% over 5 years, 1%
reduction per unit year
2.5% reduction waste emissions over five years, 0.5% reduction each year
Environmental Initiatives at an Office Building in Yokohama City
Structure
Steel Reinforced Concrete / Steel Structure
Constructed
1993
No. of floors
18 stories above ground and one below
Gross floor area
50,304.72m²
Developed “Yokohama City Office Building ESG Plan” and “Environmental Management Plan”
Installed LED lights (3,432 units)
Renovated for water conservation (lavatories)
Saved electricity through the installation of inverter
Quarterly monitoring of energy, water consumption, GHG emissions and waste
emissions
Confirmation of the accuracy of the data on energy and water consumption,
GHG emissions, etc. by an external contractor.
Conducted energy conservation diagnostics
Conducted environmental risk assessment
Assessed subcontractors for green procurement
Optimized the environment inside the building and managed its energy by
implementing the BEMS (Building Energy Management System)
Distributed sustainability guide including environmental consideration
matters to tenants
Posted environmental conservation educational posters in common-use spaces
Concluded a green lease agreement (a lease contract which includes articles
on environmental consideration)
Energy management
Reduced energy consumption, GHG emissions, and water consumption by 5% over 5 years, 1%
reduction per unit year
2.5% reduction waste emissions over five years, 0.5% reduction each year
Energy Conservation Measures
The Private Fund Division has developed the renovation manual and promotes construction work for
energy saving and greening.
LED lights installation
2014
Office building in Taito Ward
LED lights installation(126 units)
Hotels in Nagoya City
LED lights installation(178 units)
2015
Shin Yokohama Center Building
LED lights installation(1,174 units)
2016
Hotels in Nagoya City
LED lights installation(6 units)
2017
Residences in Nagoya City(56 residences)
LED lights installation(145 units)
Residences in Kitakyushu City(45 residences)
LED lights installation(22 units)
Residences in core cities around Japan
LED lights installation(73 buildings)
2018
Office building in Sumida Ward
LED lights installation for the whole building(1,333 units)
Office buildings in Yokohama City
LED lights installation(3,432 units)
Residences in Shinjuku Ward(705 residences)
LED lights installation(4,276 units)
2019
Residences in Toshima Ward
LED lights installation(61 units)
Residences in Sumida Ward
LED lights installation(27 units)
Residences in Tokyo Minato Ward
LED lights installation(2 units)
Residences in Fukuoka City
LED lights installation(2 units)
Reduction of electricity usage through the improvement of thermal insulation performance
Reduction of electricity usage by replacing the air condition
In 2014, Tosei Asset Advisors installed 56 indoor apparatuses and 22 outdoor apparatuses at
an office building in Taito Ward, and it intends to reduce the use of electricity by replacing air
conditioners when necessary for properties across Japan of which asset management has been entrusted to
Tosei Asset Advisors.
Introduction of energy management system
Reuse of Resources Through Measures Against Deterioration Due to Aging (painting on eaves)
and Environmental Consideration Through the Reduction of Waste
Initiatives on Greening
Use of Renewable Energy (initiatives on solar power generation)
Environmental Performance
Energy per square meter (residence)
2017
2018
2019
2020
2021
2022
2023
Electricity use per square meter(KWH/㎡)
115
88
83
91
70
78
76
Water use per square meter(㎥/㎡)
0.05
0.05
0.04
0.22
0.34
2.46
1.98
CO₂ use per square meter (t-CO₂/㎡)
Scope 1
0
0
0
0
0
0
0
Scope 2
0.06
0.04
0.04
0.04
0.03
0.04
0.03
※ The properties that form the data population are residences (common areas) entrusted by private
placement funds, and the number of properties listed above depends on our standards.
※Our private fund aims to reduce CO2 emissions, electricity consumption, and water consumption by 5% for
5 years and 1% per year.
Energy per square meter (Other than residence)
2022
2023
Electricity use per square meter(KWH/㎡)
189
249
Water use per square meter(㎥/㎡)
0.46
1.01
Heat(MJ/㎡)
399
694
CO2 use per square meter (t-CO2/㎡)
Scope 1
0.00
0.00
Scope 2
0.04
0.04
Scope 3
0.06
0.10
※ The properties that form the data population are other than residence entrusted by private placement
funds, and the number of properties listed above depends on our standards.
※ Our private fund aims to reduce CO2 emissions, electricity consumption, and water consumption by 5%
for 5 years and 1% per year.
Total energy(residence)
2022
2023
Electricity use(KWH)
12,701,657
12,497,673
Water use(㎥)
401,922
324,628
CO₂ use (t-CO2)
Scope1
0
0
Scope2
5,772
5,663
Total energy (Other than residence)
2022
2023
Electricity use(KWH)
39,379,837
49,807,793
Water use(㎥)
73,446
153,908
Heat(MJ)
60,786,972
105,766,000
CO₂ use (t-CO2)
Scope1
0
0
Scope2
8,551
8,455
Scope3
12,055
19,296
Environmental Assessment upon Property Acquisition
Upon acquiring property by the private fund under our management, a series of due diligence works and onsite
inspections are conducted, and outside experts prepare engineering reports. The contents are verified
internally before entering a purchase and sale contract.
TAA conducts an environmental risk assessment of hazardous substances, industrial waste management, soil
contamination, and the like for all its acquisition properties. The specific procedures thereof are provided
in the “Due Diligence Operations Implementation Manual”, “DD Survey Sheet”, “Real Estate Appraisal & ER
Checklist”.
Property acquisition decisions are made at the Investment Management Committee, and it is convened only
after an environmental risk assessment has been Constructed for the new acquisition property.
Environmental Initiatives at Office Buildings of Tosei Asset Advisors
Reduced office power use by controlling overtime work
Save on air-conditioning fees by using fans for air circulation
Educate employees about environmental consideration
Conserve power through computers with automatic log-off feature
Announcements about environmental consideration in the company
Reduce CO2 by collecting plastic bottle caps
Introduced motion sensors at toilets
Posters encouraging people to use the stairs
Save on air conditioning fees through “cool biz” and “warm biz” initiatives