Initiatives on Behalf of the Environment

Recognizing the importance of addressing environmental issues in the real estate investment management business, JPR strives to reduce its environmental footprint by upgrading facilities and improving operations at the properties it owns. In pursuing eco-friendly management, JPR also considers issues such as facility user comfort and biodiversity.

Climate change

Environmental problems, such as climate change and issues related to resources, water, and ecosystem, are growing more serious due in part to the globalization of economic activities and the increase of the population. Many companies in Japan are tangibly affected by disasters including floods triggered by torrential rains. There also has been progress in the creation of international frameworks. The 2 °C target set by the Paris Agreement accelerates companies' activities to address climate change. On the other hand, laws, regulations, and other rules are expected to be tougher, reflecting the target.
JPR and TRIM recognize that climate-change-related issues will have a major impact on their business.

Policies

JPR and TRIM have identified five material issues in two aspects, social demand from stakeholders and business domains. Addressing climate change is included among the targets. In addition, TRIM includes initiatives related to climate change in its Sustainability Policy. Recognizing the importance of addressing environmental issues, we will aim to reduce environmental load through managing the assets owned by JPR.

• We will promote energy saving and reduction of greenhouse gas emissions.
• We will endeavor for effective use of water resources and work on the "3Rs" (reuse, reduce and recycle) of waste.
• We will strive to proactively disclose information on environmental issues.

Support for TCFD

In May 2021, TRIM announced its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), which was established by the Financial Stability Board (FSB). Moving forward, TRIM will analyze risks resulting from climate change and opportunities to be created by climate change measures and proactively disclose its initiatives based on the four thematic areas of the TCFD recommendations (governance, strategy, risk management, and metrics and targets).

Management system

TRIM has established the Sustainability Committee in accordance with its Sustainability Regulations. Chaired by the President and CEO of the company, the committee meets four times every year, in principle. Activities of the Sustainability Committee include deliberation on basic policies, monitoring activities, and the establishment of system for promoting sustainability.

Strategies

(1) Identifying risks and opportunities
TRIM identified the following risks by analyzing the financial impact of the climate change risks faced by JPR.

Type of risk/opportunity	Risk that was identified	Time span	Level of impact (1.5/2 °C)	Level of impact (4 °C)
Transition risk	Increase in operation costs resulting from the introduction of a carbon tax	Medium to long	High	High
	Cost increase resulting from the increase of energy prices	Medium to long	Low	Middle
	Loss of tenants due to a delay in taking green building measures	Short, medium, and long	High	Low
	Withdrawal of investors due to a delay in taking green building measures	Medium to long	High	Low
Physical risks	Increase in energy consumption attributed to chronic temperature increase	Medium to long	Middle	Middle
	Increase in repair costs associated with water damage risk	Short, medium, and long	High	High
Opportunities	Increase in rents for green buildings	Medium to long	High	Low
	Cost reduction effect of energy conservation and use of renewable energy	Medium to long	Low	Low

(2) Implementation of scenario analysis
We have analyzed the following scenarios.

ⅰ. 1.5/2 °C scenario (significant impact from regulations)
　　A scenario in which laws and regulations are tightened to control climate change

ⅱ. 4°C scenario (great impact of climate change)
　　A scenario in which natural disasters grow serious because of delays in addressing climate change

(3) JPR's strategies and targets
TRIM addresses climate change risks by classifying them into transition risks and physical risks and captures newly created opportunities in managing real estate investment.

ⅰ. Transition risks
① Increase in operation costs resulting from the introduction of a carbon tax

Financial impact	Carbon tax imposed under tightened environmental laws and regulations leads to an increase in the risks surrounding the operations of owned properties.
Strategies	Promoting replacement with LED lighting Switching to contracts with electric power companies with low emission coefficients Considering ZEB
Targets (2030)	Reducing CO2 emission intensity by 30% (compared to the 2017 level) Reducing water consumption intensity by 10% (compared to the 2017 level)

② Loss of tenants due to a delay in taking green building measures

Financial impact	A delay in taking green building measures results in a failure to cater to the needs of companies aiming to achieve carbon neutrality. This leads to a loss of tenants and a loss of fixed-amount income, such as rents and CAM charges.
Strategies	Increasing the percentage of properties that have acquired environmental certification
Targets (2030)	Increasing the percentage of properties in the JPR portfolio that have acquired environmental certification to 80% or higher Increasing the percentage of properties rated at specific levels in environmental performance assessments Rank S, A, or B+ in the CASBEE Certification for Real Estate Three, four, or five stars in the DBJ Green Building Certification Three, four, or five stars in the BELS certification

③ Withdrawal of investors due to a delay in taking green building measures

Financial impact	A delay in taking green building measures leads to financial institutions' withdrawal from loans and investments, resulting in increased funding costs.
Strategies	Promoting financial institutions' understanding by increasing the number of green buildings in the portfolio and disclosing appropriate information Reinforcing the funding base by enhancing relationships with investors who are interested in ESG investment

ⅱ. Physical risks
① Increase in repair costs associated with water damage risk

Financial impact	If the risk of water damage due to climate change, such as that caused by typhoons or flooding, increases owned properties may incur water damage, resulting in the generation of repair costs.
Strategies	Monitoring the latest risks in areas where individual properties are located Regular onsite inspection of each property's equipment conditions Improving and repairing equipment as a measure addressing water damage Increasing resilience by holding disaster drills

ⅲ. Opportunities
① Increase in rents for green buildings

Financial impact	Tenants are increasingly demanding properties with high environmental performance due to tougher laws and regulations, resulting in an increase of asset value and real estate rental revenues.
Strategies	Increasing the percentage of properties that have acquired environmental certification
Targets (2030)	Increasing the percentage of properties in the JPR portfolio that have acquired environmental certification to 80% or higher Increasing the percentage of properties rated at specific levels in environmental performance assessments Rank S, A, or B+ in the CASBEE Certification for Real Estate Three, four, or five stars in the DBJ Green Building Certification Three, four, or five stars in the BELS certification

(4) Low carbon transition plan
JPR has set a target of reducing CO₂ emissions by 30% by 2030 (in terms of emission intensity; compared to the 2017 level). The following initiatives are being advanced to achieve this target.

ⅰ. Renovations for energy conservation, such as switching to LED lights, and improvement of operations
ⅱ. Lowering emission coefficients by reviewing contracts with electric power companies
ⅲ. Introducing renewable energy sources

Risk management

(1) Risk management
Climate change risks are integrated with risks related to operations and management. They are monitored and managed through multiple verification systems. TRIM has established the Risk Management Committee to improve the effectiveness of its risk management, in accordance with its Risk Management Regulations. This committee deliberates on topics including risk identification, response to assessment, monitoring, and improvement measures. Contents, progress, and results of the committee's deliberations are reported to the Board of Directors.

(2) Risk management process
TRIM monitors climate change risks and other risks twice a year, and the Risk Management Committee deliberated these risks. In addition, initiatives taken every year and plans for the next year are summarized and formulated at the end of each year and reported to TRIM's Board of Directors.

Measures for attainment of goal

JPR and TRIM work on environmental and energy-saving measures such as replacing equipment with items with higher energy efficiency and improving management methods, and they promote the reduction of CO2 emissions by measuring the value of greenhouse gas emissions.

Initiatives for improvement of repairing equipment

• Upgrading to highly energy-efficient equipment
  Power consumed by air-conditioning equipment represents a significant percentage of the power consumed by all buildings, with power demand increasing sharply during the hot summer months in particular. JPR carries out planned upgrades of air-conditioning equipment in order to improve cost efficiency and comfort while reducing CO2 emissions.
• Upgrading to LED lighting
  JPR is reducing power consumption by steadily introducing LEDs in common-area lighting and emergency exit lighting.
• Upgrading to lighting fixtures with motion detectors
  Motion detectors respond to the movement of people and changes in brightness to provide illumination only when needed; as a result, lights do not remain on because people forget to turn them off, which reduces power consumption. JPR is working to reduce power consumption by installing motion detectors in bathrooms, staff kitchens, and stairways when carrying out common-area renovations so that lights will be turned off when these areas are not in use.

Initiatives for improvement of operations

At the facilities JPR operates, steps are also being taken to carefully coordinate equipment operation and control operation according to the season in order to reduce power consumption in common areas.

Category	Measure	Key Initiatives
Lighting	Dimming lighting when rooms are vacant	Creating standards for turning lighting on and off and promoting turning lights off when rooms are vacant
	Phasing out fluorescent vacuum tubes	Reducing electricity consumption by phasing out fluorescent tubes
	Floor management of common-area lighting	Managing common areas according to use by tenants
Air-conditioning equipment	Changing air-conditioning temperature to recommended values	Recommending that tenants adopt appropriate temperature settings for air-conditioning
	Turning off air-conditioning power in empty rooms	Turning off air-conditioning equipment power in empty areas to stop consumption of standby power
	Prohibiting entry of outside air during pre-warming/ pre-cooling	Restricting the entry of outside air during pre-warming/pre-cooling in order to reduce air-conditioning loads
Other equipment	Changing contract demand	Reviewing method of operating control equipment for the purpose of reducing contract demand and turning off equipment that is always on standby where appropriate
	Improving power factor using condensers	Improving power factor through careful control of condensers and reducing electrical circuit and transformer energy loss
	Seasonal adjustment of heated toilet seat temperatures	Managing toilet seat heating and washing water temperatures by adjusting the settings according to the season
	Seasonal management of times when outdoor lights are turned on	Automatically turning off exterior lights and managing the times when they are lit according to the season

Improving building resilience

TRIM conducts onsite inspections of all portfolio properties (except land with leasehold interest) at least once a year, in principle, to assess whether they are equipped to withstand disaster (including typhoon, heavy rain, flood, and earthquake), checking for any new risks and seeking to mitigate the risk of damage, loss or degradation of the properties.

Managing tenants in a crisis

TRIM regularly conducts disaster drills at every portfolio property to ensure that building tenants are able to take steps to rapidly ensure the safety of their workforce and prevent escalation of the disaster.

Examining renewable energy adoption

Renewable energy sources such as solar and wind are promising forms of energy which do not produce greenhouse gases and will not be affected by regulatory risks in the future, and the generation costs of renewables have fallen sharply around the world. JPR and TRIM use renewable forms of energy at portfolio properties based on verification of economic efficiency, stability and safety and on the individual characteristics of each property.

Monitoring of environment-related data

In addition to pursuing environmental and energy-saving measures, JPR periodically measures greenhouse gas emissions and strives to reduce the amount of CO2 emitted at its properties.

Category/Unit		FY 2017	FY 2018	FY 2019
Electricity Use	Total (MWh)	95,436	93,444	91,730
	Intensity(MWh/m2)	0.142	0.145	0.141
Gas Use	Total (MWh)	17,908	17,992	17,008
	Intensity(MWh/m2)	0.027	0.028	0.026
Heat Consumption	Total (MWh)	11,999	12,217	11,682
	Intensity(MWh/m2)	0.018	0.019	0.018
Energy consumption	Total (MWh)	125,344	123,653	120,421
	Intensity(MWh/m2)	0.186	0.191	0.185
Water Use	Total(m2)	536,559	521,176	514,929
	Intensity(m3/m2)	0.798	0.807	0.790
Scope1	Total (t-CO2)	3,213	3,228	3,051
	Intensity(t-CO2/m2)	0.005	0.005	0.005
Scope2 (Market basis)	Total (t-CO2)	53,473	47,498	46,675
	Intensity(t-CO2/m2)	0.080	0.074	0.072
Scope1+2	Total(t-CO2)	56,686	50,726	49,726
	Intensity(t-CO2/m2)	0.084	0.079	0.076

Category/Unit	FY 2017	FY 2018	FY 2019
Electricity Use(Total(MWh))	95,436	93,444	91,730
Electricity Use(Intensity(MWh/m2))	0.142	0.145	0.141
Gas Use(Total(MWh))	17,908	17,992	17,008
Gas Use(Intensity(MWh/m2))	0.027	0.028	0.026
Heat Consumption(Total(MWh))	11,999	12,217	11,682
Heat Consumption(Intensity(MWh/m2))	0.018	0.019	0.018
Energy consumption(Total(MWh))	125,344	123,653	120,421
Energy consumption(Intensity(MWh/m2))	0.186	0.191	0.185
Water Use(Total(m2))	536,559	521,176	514,929
Water Use(Intensity(m3/m2))	0.798	0.807	0.790
Scope1(Total(t-CO2))	3,213	3,228	3,051
Scope1(Intensity(t-CO2/m2))	0.005	0.005	0.005
Scope2(Market basis)(Total(t-CO2))	53,473	47,498	46,675
Scope2(Market basis)(Intensity(t-CO2/m2))	0.080	0.074	0.072
Scope1+2(Total(t-CO2))	56,686	50,726	49,726
Scope1+2(Intensity(t-CO2/m2))	0.084	0.079	0.076

• The data shown in the table is based on the data that is available to JPR.
• The energy consumption and scope 1 emissions data does not include relevant data derived from emergency generator fuel.
• Energy consumption, water use and GHG emissions data is also broken down into office property and retail property categories for further verification. The intensity is presented based on the calculation of (Total amount of electric power or CO2)/(Total floor area of equities (m2) x (Average occupancy rate per year (%))

Conservation of water resources

JPR switches to apparatuses with greater water-saving effects with the renewal of toilets and kitchenettes. In addition, JPR works to reduce consumption by managing and measuring it appropriately in cooperation with tenants.
In some of the properties it holds, JPR has installed water recycling facilities for rainwater and recycles water to reduce water consumption.

Water Use

Category/Unit		FY 2017	FY 2018	FY 2019
Office Property	Total(m3)	359,744	343,353	328,094
	Intensity(m3/m2)	0.709	0.709	0.673
Retail Property	Total(m3)	176,815	177,823	186,835
	Intensity(m3/m2)	1.071	1.100	1.139
Total	Total(m3)	536,559	521,176	514,929
	Intensity(m3/m2)	0.798	0.807	0.790

Water Use

Category/Unit	FY 2017	FY 2018	FY 2019
Office Property(Total(m3))	359,744	343,353	328,094
Office Property(Intensity(m3/m2))	0.709	0.709	0.673
Retail Property(Total(m3))	176,815	177,823	186,835
Retail Property(Intensity(m3/m2))	1.071	1.100	1.139
Total(Total(m3))	536,559	521,176	514,929
Total(Intensity(m3/m2))	0.798	0.807	0.790

Reduction of waste and management of hazardous substances

Reduction of the amount of waste produced

By sorting industrial waste and enhancing recycling efforts, JPR is actively working to reduce the amount of waste produced. With the support of tenants and cleaning companies, the following waste-reducing initiatives have been implemented:

• Expanding the scope of recycling
• Recycling used fluorescent light tubes and batteries
• More thorough sorting rules
• Enhancing recycling and educational activities

Waste and Recycling Rate

Category	FY 2017	FY 2018
Annual waste amount (t)	5,137	4,950
Recycling rate	55.7%	54.9%

• This graph aggregates data for properties owned by JPR, excluding properties where tenants dispose of waste themselves.
• The waste amount and recycling rate data is data for FY2017 (from April 1, 2017 to March 31, 2018) and FY2018 (from April 1, 2018 to March 31, 2019).
• Three small buildings are not included in the totals because they do not engage in activities such as gathering waste data.

Management of hazardous substances

Treatment of asbestos

• With the Ordinance on Prevention of Health Impairment due to Asbestos (the Ministry of Health, Labour and Welfare) coming into effect in July 2005, employers have been obliged to take measures such as the removal, containment and enclosure of sprayed asbestos if it could disperse in a building where their employees work.
• JPR had carried out the removal of sprayed materials such as asbestos at the time of facility renovations, before the Ordinance came into effect, and all the necessary measures such as removal, containment and enclosure have been completed in locations with a high frequency of use, such as offices and corridors.
• In properties that contain asbestos and other sprayed materials, JPR inspects and verifies that the asbestos is below the standard value by measuring the status of the asbestos on an ongoing basis when JPR measures the air environment based on the Act on Maintenance of Sanitation in Buildings.
• When acquiring a property, JPR has experts conduct an investigation upon concluding a sales contract to ensure that environmental pollutants such as asbestos are managed appropriately.

Treatment of PCB

If PCB is contained in a property owned by JPR, JPR treats the PCB according to related laws and regulations after removing the electrical equipment that contains PCB. During the period until the treatment, JPR stores and manages the electrical equipment appropriately based on the PCB storage and management standards of the environment bureau of each prefecture.

Promoting renewable energy

Tokyo Square Garden and Olinas Tower, which are owned by JPR, use renewable energy through the introduction of solar power generation equipment. The amount of power generated is as follows.

Portfolio (Unit)	FY 2017	FY 2018	FY 2019
Olinas Tower (KWh)	5,400	5,412	5,388
Tokyo Square Garden (KWh)	4,551	4,578	3,655

• The amount of power generated is a value for interests owned by JPR.

Promotion of wall greening and rooftop greening

As a part of JPR's brand strategy, JPR greens the walls and rooftops of properties using environmentally accepted plants. This helps create a natural environment in cities and promotes the inhabitation of diverse organisms. The wall and rooftop greening also has the effect of reducing the electricity consumption of air-conditioning through thermal insulation and the effect of reducing the thermal load inside buildings.

Cooperation with tenants

Promotion of a green lease contract

A green lease contract makes arrangements to reduce environmental loads such as through energy savings and improving the work environment, with the building owner and the tenants working together. In lease contracts of JPR, a green lease clause is standardized to promote the reduction of environmental loads in cooperation with the tenants.

Example of conclusion of green lease agreement (Niigata Ekinan Center Bldg.)

Improvement in effectiveness in cooperation with property managers

To promote initiatives to reduce environmental loads, cooperation with the property managers (PMs), who manage and operate properties on site, is essential. JPR and TRIM regularly share information with the PMs and discuss initiatives on energy-saving and environmental issues.
JPR and TRIM also hold workshops for the PMs and others to raise their awareness of sustainability and enhance their readiness.

Consideration for the environment in real estate investment

Mitigation of environmental risks as part of due diligence in acquisitions

When acquiring a new property, JPR and TRIM always check the environmental and social risks such as soil contamination by using outside experts in addition to site visits and investigations before concluding a sales contract, to avoid the risks.

Collaboration with sponsors through redevelopment

JPR seeks to reduce environmental impacts by acquiring properties with a high environmental performance redeveloped by sponsors, especially Tokyo Tatemono, its main sponsor.
JPR does not invest in new development projects but Tokyo Tatemono conducts development considerate of the environment, fully complying with environmental laws and regulations to address issues such as soil contamination based on the Group Environmental Policy.

Green Finance

To implement green finance, JPR has formulated the Green Finance Framework in accordance with the Green Bond Principles 2018 and the Green Bond Guidelines 2017 Edition.

Framework of Green Finance

Use of proceeds from Green Finance

Proceeds from Green Finance will be allocated as follows.

• To fund purchases of existing or new assets classed as Eligible Green Assets (explained later)
• To fund the repayment of loans needed to purchase Eligible Green Assets
• To fund the redemption of investment corporation bonds needed to purchase Eligible Green Assets

Eligible Green Assets

Eligible Green Assets will be selected from among assets that have received or will receive certification under either of the following standards.

• DBJ Green Building Certification: 3 Stars, 4 Stars or 5 Stars
• CASBEE: B+ Rank, A Rank or S Rank

Management of proceeds

Eligible green liabilities will be calculated by multiplying the total acquisition price of Eligible Green Assets in the portfolio by the ratio of interest-bearing liabilities to total assets (LTV) and this amount will be set as the maximum amount of Green Finance.

Third-party assessment

JPR obtained Green 1 (F) rating, the highest possible, in a "Green Finance Framework Evaluation" by Japan Credit Rating Agency, Ltd. (JCR), which is a third-party evaluation organization, regarding the eligibility of its Green Finance Framework.

Please click on the link below for further details. https://www.jcr.co.jp/en

Status of Finance

Outstanding Balance of Green Bonds Issued

Issue Amount (million yen)	5,000
Issue Date	July 31, 2019
Maturity Date	July 31, 2029
Coupon Rate	0.570%
Remarks	Unsecured/Unguaranteed
Use of proceeds	To fund the repayment of loans needed to purchase Eligible Green Assets are as follows : ･ The acquisition on May 31, 2010 JPR Sendagaya Bldg. (2,000 million yen) ･ The acquisition on August 8, 2012 Yakuin Business Garden (3,000 million yen)

Sustainability certification

Status of Acquisition of Environmental Certification

JPR is working to improve the percentage of properties with environmental certification, aiming for a sustainable portfolio with a low environmental impact.
The status of acquisition is as shown below.

Item	Dec. 2018	Jun. 2019	Dec. 2019	Jun. 2020	Dec. 2020
Number of properties	17	21	23	26	30
Total floor area	223,389	352,458	359,132	414,241	453,472
Percentage of properties with environmental certification	34.0%	53.4%	54.4%	60.1%	65.5%

Acquisition of DBJ Green Building Certification

Property	Certification Level	Acquisition Date
Tokyo Square Garden	★★★★★	Jul. 2017
Olinas Tower	★★★★★	Dec. 2018
JPR Sendagaya Bldg.	★★★★	Dec. 2018
Oval Court Ohsaki Mark West	★★★★	Dec. 2018
Shinjuku Center Bldg.	★★★★	Mar. 2019
Omiya Prime East	★★★	Dec. 2018
Rise Arena Bldg.	★★★	Dec. 2018
Yume-ooka Office Tower	★★★	Dec. 2018
Kanematsu Bldg.	★★★	Dec. 2018
BYGS Shinjuku Bldg.	★★★	Dec. 2018
Shinagawa Canal Bldg.	★★★	Dec. 2018
Kawasaki Dice Bldg.	★★★	Jun. 2019
JPR Crest Takebashi Bldg.	★★	Dec. 2018
Shinjuku Square Tower	★★	Mar. 2019

Acquisition of CASBEE for Building Certification

CASBEE, which stands for Comprehensive Assessment System for Built Environment Efficiency, is a system for comprehensively assessing the environmental performance of buildings. Efforts to develop and popularize the system in Japan are being made under the leadership of the Ministry of Land, Infrastructure, Transport and Tourism.
This system comprehensively evaluates a quality of buildings, including indoor comfort and consideration for the landscape, on top of the aspect of environmental consideration, such as energy saving and the use of materials and equipment with a lower environmental burden.

For details of the System, please refer to the website of CASBEE
http://www.ibec.or.jp/CASBEE/english/index.htm

Property Name	Certification Level	Acquisition Date
Musashiurawa Shopping Square	S	Jun. 2019
JPR Umeda Loft Bldg.	S	Jun. 2019
Housing Design Center Kobe	S	Jun. 2019
JPR Kojimachi Bldg.	S	Dec. 2019
FUNDES Ueno	S	Dec. 2019
JPR Musashikosugi Bldg.	S	Jun. 2020
Sompo Japan Sendai Bldg.	S	Jun. 2020
Yakuin Business Garden	A	Jun. 2018
JPR Shibuya Tower Records Bldg.	A	Jun. 2019
Kawaguchi Center Bldg.	A	Jun. 2020
JPR Nihonbashi-horidome Building	A	Dec. 2020
JPR Chiba Bldg.	A	Dec. 2020
JPR Yokohama Nihon Odori Bldg.	A	Dec. 2020
JPR Ueno East Bldg.	A	Dec. 2020
JPR Nagoya Fushimi Bldg.	A	Dec. 2020
JPR Yokohama Bldg.	B	Dec. 2020

Acquisition of BELS certification

BELS is an abbreviation for Building-Housing Energy-efficiency Labeling System. It is a performance labeling system created for the purpose that a third-party organization accurately conducts the evaluation and indication of energy efficiency performance of non-residential buildings in accordance with the Assessment Guidelines on Energy Efficiency Performance of Non-residential Buildings (2013) established by the Ministry of Land, Infrastructure, Transport and Tourism.
A third-party organization evaluates energy efficiency performance and other elements based on various scales. Evaluation results are represented by the number of stars (★ to ★★★★★).

Property Name	Certification Level	Acquisition Date
JPR Kojimachi Bldg.	★★★	Dec. 2020
FUNDES Ueno	★★	Jun. 2021

Acquisition of ranking in GRESB Real Estate Assessment

GRESB is an annual benchmarking assessment to measure ESG (Environmental, Social and Governance) awareness of real estate companies and funds, as well as the name of organization which runs the assessment system. It was founded in 2009 primarily by major European pension fund groups. Of the survey subjects, GRESB Real Estate Assessment covers real estate companies and funds that are mainly engaged in managing existing properties.
With regard to JPR's initiatives on sustainability, the 2020 survey acknowledged its superiority both in the "Management Component" and "Performance Component" dimensions, and designated JPR as "Green Star" for the seventh consecutive year. Moreover, JPR was granted "5 Stars" for the sencond consecutive year, which is the highest mark in GRESB Rating. In addition, JPR received an "A," the highest rating, in GRESB Public Disclosure (Evaluation of ESG Disclosure Level).

The following initiatives taken by JPR were acknowledged in the assessment of the survey:

Other awards

Yakuin Business Garden is located in the urban area of Fukuoka City. As the building name indicates, the property has a wide, vacant lot open to the public, where 23 kinds of plants provide a different appearance season by season, including the corridor of zelkova trees that dye the air green. It is a space of greenery full of healing and comfort, where not only the facility users but also many other people feel relaxed. JPR endeavors to promote greenery as an initiative to enhance the asset value as well as to support town creation.
[Won the 10th "Award for Town Creation with Flowers and Greenery" in 2013]