Kenedix Retail REIT Corporation

Securities Code:3453

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  2. Features of KRR
  3. CSR Initiatives

CSR Initiatives

We believe that our selective investments in local shopping centers for daily needs with specialty stores or supermarkets as their main tenants give us the ability to enliven local communities and to enhance social infrastructure. In regard to this investment philosophy, we also believe that it is important to promote environmental and social consideration measures.

Environmental initiatives

■Environmental Policies

The officers and employees of Kenedix Real Estate Fund Management, Inc. ("KFM") will undertake investment management operations in accordance with the following environmental policies.

  • Compliance with Environmental Laws and Regulations
    KFM will promote environment-friendly investment management operations by adhering to environmental laws and regulations.
  • Promotion of Energy Conservation Measures
    KFM will systematically advance energy conservation measures at its managed properties, maintaining a strong awareness of the importance of natural and energy resources.
  • Reduction of Environmental Burden
    KFM will undertake initiatives to reduce CO2 and waste emissions as well as promote recycling at its managed properties, underscoring its commitment to alleviating its environmental burden. In addition, KFM will take sufficient care when handling harmful substances and environmental pollutants.
  • Disclosure of Environmental Information
    KFM will work to disclose necessary information to a variety of concerned parties, including investors, tenants and business partners, in such areas as its environmental policies and measures.
  • Environmental Education
    KFM will take steps to improve the environmental consciousness of its officers and employees through internal education.

Established on October 22, 2015
Kenedix Retail REIT Corporation
Kenedix Real Estate Fund Management, Inc.

■Acquisition of GRESB Evaluation

GRESB is an annual benchmark assessment which measures environmental, social, and governance (ESG) considerations in the real estate sector. It was established in 2009 primarily by major European pension fund groups, which led the Principles for Responsible Investment. GRESB attracts attention as leading institutional investors have joined the high-visibility assessment and used GRESB to select and dialogue with investment targets. As a result, there are many real estate companies, REITs and private funds worldwide that annually participate in the GRESB Real Estate Assessment.

gresbKRR has been awarded a “Green Star” Rating at its first participation in the GRESB Real Estate Assessment in 2016, as its efforts for improving sustainability performance were evaluated, receiving high evaluation on both “implementation and measurement” and “management and policy”. KRR also earned three star (out of five star) GRESB Rating, which is calculated relative to the global performance of reporting entities.

Please refer to the following KRR press release for the acquisition of GRESB Rating.

Sep. 9, 2016
Notice Concerning Acquisition of “Green Star” Rating in GRESB Real Estate AssessmentPDF(138KB)

Visit the GRESB website for more details

■Acquisition of DBJ Green Building Certification

The DBJ Green Building Certification System is a system (“the System”) established by DBJ in April 2011 to support real estate that meets environmental and social considerations. The System evaluates and certifies real estate with environmental and social considerations, taking into account each property’s environmental features and measures taken for various stakeholders, such as disaster and community-conscious measures.

We received DBJ Green Building Certification for the following properties.

DBJ Green Building star4

Properties with exceptionally high environmental & social awareness

Fululu Garden Yachiyo
Fululu Garden Yachiyo
DBJ Green Building star3

Properties with excellent environmental & social awareness

MONA Shin-Urayasu
MONA Shin-Urayasu
Blumer HAT Kobe
Blumer HAT Kobe
Roseo Mito
Roseo Mito
Ashico Town Ashikaga
Ashico Town Ashikaga
DBJ Green Building star2

Properties with high environmental & social awareness

Passaggio Nishiarai
Passaggio Nishiarai
Unicus Ina
Unicus Ina
Unicus Yoshikawa
Unicus Yoshikawa
Blumer Maitamon
Blumer Maitamon

■Example of CSR initiatives

Promotion of LED lighting

We promote installation of LED lighting to reduce replacement costs and to conserve energy. We also make efforts to reduce environmental burden by undertaking initiatives to reduce CO2 and waste emissions.

Passaggio Nishiarai
(installed in 2015)
Fululu Garden Yachiyo
(installed in 2016)
Blumer HAT Kobe
(installed in 2016)

Initiatives to enliven local communities

■Cooperation with local communities

We are making efforts to enliven local communities by holding community-participating events and cooperating in disaster prevention.

Fululu Garden Yachiyo
Minna no Concert
Fululu Garden Yachiyo (May, 2015)

Unicus Yoshikawa
Signing of agreement for providing temporary gathering area in cases of disaster
Unicus Yoshikawa (August, 2015)

■Social contribution activities

We support the activity of Japan Association for UNHCR (United Nations High Commissioner for Refugees) by providing common areas of our properties for their fund-raising campaign.

UNHCR
Blumer Maitamon (August, 2015)

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