API’s Initiatives

Materiality (E：Environment)	Reducing environmental impact
	Policy	Energy use: Medium- to long-term target of 1% average annual reduction in energy use intensity Energy-related CO2 emissions: 100% reduction of CO2 emissions generated by electricity by the end of March 2026, relative to a FY2015 baseline* (Note) Excluding co-owned, sectionally owned, and land-only properties that have not installed renewable electricity. Water conservation: Medium- to long-term target of 0.5% average annual reduction in water use intensity Waste generation: Medium- to long-term target of 0.5% average annual reduction in waste intensity Climate change response: Implementation of initiatives addressing climate change and disclosure of information pertaining to climate change response and initiatives
	KPI	【Renewable Energy Procurement】 Complete transition to renewable electricity in all portfolio properties* by the end of March 2026 (Note) Excluding co-owned, sectionally owned, and land-only properties that have not installed renewable electricity. 【Portfolio Greening】 70% or more green-certified assets by 2030 Promote green leases for 100% of new contracts 【Sustainable Finance】 100% of new issuances of investment corporation bond to be green bonds (Note) On the condition of issuance based on the current framework. Consider diversification of sustainable finance methods
	Status/Examples	Proactive introduction of environmentally friendly facilities and technologies Periodic measurement of environmental performance of the portfolio Periodic measurement of environmental performance of each property Constant acquisition of environmental certification , etc. Promotion of tenant engagement through green leases, etc. Periodic and continuous monitoring by Sustainability Promotion Council Promotion of environment-friendly procurement through “the Basic Policy on Sustainable Procurement” and “Green Procurement Standards” Supporting initiatives that are in line with TCFD recommendations through climate action standards
	Relevant SDG Targets	7.3 By 2030, double the global rate of improvement in energy efficiency 12.5 By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse 12.8 By 2030, ensure that people everywhere have the relevant information and awareness for sustainable development and lifestyles in harmony with nature
Materiality (S：Society)	Human capital development as a group of professionals
	Policy	For the details of the policy and examples of initiatives, please refer to the “Our Commitment” by TRM.
	Status/Examples
	Contribution to the local communities
	Policy	Enhance disaster prevention functions Prompt recovery of assets under management following occurrence of a disaster Educational activities on fire and disaster prevention and disaster response Enhanced cooperation with local community
	Status/Examples	Publication of capital expenditure/emergency reserves from disaster prevention perspective Improvement of seismic performance, Installation of emergency generator, and establishment of BCP Cooperation for disaster prevention, disaster response and infectious disease prevention Sponsorship/participation/cooperation with local events
	Health and well-being of tenants
	Policy	Improve tenant satisfaction
	Status/Examples	Extract issues and make improvements based on tenant satisfaction survey
	Supplier Engagement
	Policy	Aim at smooth property management by utilizing expert know-how of Tokyu Land Corporation, Tokyu Community, Tokyu Land SC Management, and the support agreement counterparty Tokyu Fudosan Holdings Group companies. Share information and actively work on environmentally friendly procurement with PM/BM companies.
	Status/Examples	Build/promote collaborative structure through periodic monitoring Conduct training on environment, etc. Promote collaboration with all stakeholders through “the Basic Policy on Sustainable Procurement ” and “Green Procurement Standards”
	Relevant SDG Targets	11.3 By 2030, enhance inclusive and sustainable urbanization and capacity for participatory, integrated and sustainable human settlement planning and management in all countries 12.8 By 2030, ensure that people everywhere have the relevant information and awareness for sustainable development and lifestyles in harmony with nature
Materiality (G:Governance)	Management framework corresponding to multifaceted social demand towards sustainable society
	Policy	Explicitly describe statement on governance of the investment corporation Explicitly describe the investment decision making body, as well as the risk management system for investment management Establish framework for promoting implementation of the Sustainability Policy Implement human capital management and maintain a resilient management framework
	Status/Examples	Governance of the investment corporation Investment decision making body and the risk management system for investment management Establishment of Sustainability Promotion Council for the Asset Manager Promotion based on various rules, etc. as well as training which attempt to respond to multifaceted issues including respect for human rights Establishment of a framework for management of the overall supply chain(Business operation serves based on “the Basic Policy on Sustainable Procurement ”)
	Relevant SDG Targets	12.8 By 2030, ensure that people everywhere have the relevant information and awareness for sustainable development and lifestyles in harmony with nature 16.7 Ensure responsive, inclusive, participatory and representative decision-making at all levels

• Examples of measures in properties
• Green Bonds