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Our View on Sustainability

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Activia Properties Inc. (“API”) strives to improve unitholder value by building and managing a portfolio with medium- to long-term competitiveness through focused investments in urban retail properties and Tokyo office properties.
In building the portfolio, we consider reduction of environmental load and contribution to our environment and local community as important factors comprising the portfolio, in addition to factors such as location, usage, size and quality.

Under this policy, we have endeavored to acquire and improve building environmental certifications and GRESB certification. In addition, we established specific targets for overall portfolio and each property, aiming to reduce annual average energy consumption units by 1% in the medium- to long-term pursuant to the Act on the Rational Use of Energy, and implemented various energy and resource saving measures.

In terms of finance, we are expanding our efforts concerning the environment, including the issuance of green bond.

In recent years, corporations are required to position environment and local society as key management issues and active promotion and commitment is expected. Investors and other stakeholders are focusing on the commitment to ESG (Environment, Social, Governance) in our real estate investment business as medium- to long-term risk management issue, and assessing our approach. API believes commitment to ESG is essential for maintaining and improving our asset value in the medium- to long-term, as well as for improving unitholder value.

Under these circumstances, TLC REIT Management Inc. (“TRM”), the Asset Manager which API entrusts its asset management, established their Sustainability Policy in April 2019, to document their approach to contribute to the development of sustainable society through commitment to the environment and society, and to enhance governance. In July 2019, API set wide range of environmental performance targets as our materiality, and established a practical management policy. In addition, TRM shares the Tokyu Fudosan Holdings Group Human Rights Policy announced in January 2020, and operates based on the notion that it is essential for business operation and is expected to all companies to respect the human rights of employees and other stakeholders involved in the Group's business.

API will further develop its efforts on sustainability, deepening a trustworthy relationship with the stakeholders while investing in and managing real estate capable of sustaining customer demand and gathering people, seeking to become an entity capable of broadly energizing society as the name “Activia” suggests.

Executive Director Kazushi Sato

Sustainability Policy

TRM considers paying consideration to environment and society and strong governance as its mission, and as a member of Tokyu Fudosan Holdings Group (“TFHD”, or the “Group”), it shares the Group sustainability vision. We believe that tackling these issues is a social responsibility and it should help to realize our management philosophy and contributes to the development of a more sustainable society. The Sustainability Policy has been set to put our such belief into practice.
For the details of the Sustainability Policy, please refer to the “Sustainability Initiatives” in the TRMʼs website.

To enhance TRMʼs efforts towards the issues related to environmental or societal consideration, etc. based on its Sustainability Policy, the rules on the Sustainability Promotion System require that the President & CEO to be the Chief Sustainability Officer and each department appoint one responsible person from the department. The Sustainability Promotion Council is to be held with the President & CEO as chairperson.
Sustainability Department was established as of April 1, 2021 to expand the functionality of the Sustainability Promotion System. The Sustainability Department succeeds the ESG-related missions from the Environmental Engineering Department, and we will further promote our sustainability program.

Sustainability Promotion Council

The Sustainability Promotion Council meets regularly with President & CEO as the Chief Sustainability Officer who assumes the ultimate responsibility, and other members from across the organization of TRM and among members, we share relevant information and examine and promote the efforts. External experts are invited to the Council to consult opinions when needed.

Members of the Sustainability Promotion Council
Chairperson:
President & CEO
Regular members:
Chief Division Officers of the Activia Management Division,
Comforia Management Division, Broadia Management Division,
and Corporate Management Division,
General Managers of Environmental Engineering Department,
and Sustainability Department, Compliance Officer
Organizer:
Sustainability Department
Meeting frequency Every quarter in principle
Main issues to be discussed ・Amendment and abolishment of the Sustainability Policy
・Amendment and abolishment of the Materiality
・Matters related to, and common to TRM and investment corporations
・Annual activities planning, report on status

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