1. Home
  2. Sustainability
  3. International Initiatives, etc.

International Initiatives, etc.

Principles for Responsible Investment Signatory

The Principles for Responsible Investment (PRI) refer to the below-listed six principles proposed in 2006 by then secretary general of the United Nations as a guide for members of the financial sector, and the international network of investors working toward the fulfillment of the principles. PRI is promoted by the United Nations Environment Programme Finance Initiative (“UNEP FI”) and the United Nations Global Compact (“UNGC”).
The PRI, which calls for incorporating considerations for environmental, social, and governance (ESG) issues into investment decision making, is designed to improve long-term investment performance for beneficiaries and have fiduciaries to fulfill their duties by having ESG perspectives integrated into the process of investment decision making.
TRM supports the basic idea of the PRI and became a signatory in December 2021.

<Six Principles for Responsible Investment (PRI)>
  1. We will incorporate ESG issues into investment analysis and decision-making processes.
  2. We will be active owners and incorporate ESG issues into our ownership policies and practices.
  3. We will seek appropriate disclosure on ESG issues by the entities in which we invest.
  4. We will promote acceptance and implementation of the Principles within the investment industry.
  5. We will work together to enhance our effectiveness in implementing the Principles.
  6. We will each report on our activities and progress towards implementing the Principles.


GRESB Membership

GRESB is an annual benchmarking assessment to measure ESG (Environmental, Social and Governance) integration of real estate companies and funds.
According to the communication by GRESB, about 150 Investor Members use the results of this assessment for their investment decision-making and engagement with investees (as of October 2023).
Several institutions from Japan are included there such as Government Pension Investment Fund (GPIF).

Considering the need to address the increasing significance of ESG as an asset management company in the investment management industry, TRM became a GRESB Real Estate Company & Fund Manager Member in February 2019.
As a member of a global initiative, we will network and share information with leading companies in the area of ESG and participate in activities such as introduction of Japanese cases to the world, to improve sustainability.

GRESB Assessment

In the 2023 GRESB Real Estate Assessment evaluating sustainability performance of entities with management of lease properties, API was awarded for six consecutive years the highest “5 Stars” in GRESB rating which is based on GRESB overall score and its quintile position relative to global participants, as well as acquired the designation of "Global Sector Leader (Listed)" and "Asia Sector Leader" in the Diversified Assets (office/retail).
API also won a “Green Star” designation for ten consecutive years by achieving high evaluation in organizational structure and environmental performance.

We received also the highest “A Level” for the GRESB Public Disclosure which assesses the width of ESG disclosure.

We will continue to strive for maintaining and further improving our sustainability performance through different approaches such as promotion of environment-friendly and energy-saving measures in the owned properties, establishment of an appropriate governance structure in place and development of engagement with our stakeholders including tenants.

UN Global Compact

UN Global Compact is a voluntary effort by corporations and organizations to act as a good social citizen by providing responsible and creative leadership and participate in creation of global framework to realize sustainable growth.
Corporations and organizations that joined UNGC continue their efforts to realize the ten principles regarding protection of human rights, elimination of unfair labor, environmental preservation and prevention of corruption under commitment and sponsorship by the top management.
Tokyu Fudosan Holdings Corporation has joined the UNGC in December 2016, and as a Group member, TRM supports the ten principles of UNGC.
Also, as a member of the Group, TRM shares the Group’s Human Rights Policy announced in January 2020. Based on the brief that it is essential for our business operation and is expected to all companies to respect the human rights of employees and other stakeholders involved in the Group's business, the Policy expects group companies to carry out business activities that support international human rights standards such as the Universal Declaration of Human Rights and fully respect human rights.


Task Force on Climate-related Financial Disclosure

The Task Force on Climate-related Financial Disclosures was established by the Financial Stability Board (“FSB”) at the request of G20, to examine how climate-related information should be disclosed and how financial institutions should respond.
In January 2022, TRM expressed its support for the recommendations of TCFD, and joined the TCFD Consortium which is a group of domestic companies that supports TCFD recommendations.


Principles for Financial Action for the 21st Century

The "Principles of Financial Behavior for the Formation of a Sustainable Society (the Principles of Financial Behavior in the 21st Century)" is established as an action guideline for financial institutions that want to fulfill the responsibilities and roles necessary for the formation of a sustainable society in October 2011. TRM has become a signatory to the Principles for Financial Action for the 21st Century (PFA21) in February 2023.


Top of the page