Environmentally-friendly Operation

Environmental Policy

Environmental Policy(TOKYU REIT)

Environmental Policy(TOKYU REIM)

Issue Date: March 14th, 2014

Background and Objectives

TOKYU REIT, Inc. (“TOKYU REIT”) recognizes the growing importance of environmental consideration in the global property investment and management sector. Based on the fact that the real estate sector accounts for a major part of carbon emissions, industry initiatives such as Principles for Responsible Investment (“PRI”) and Responsible Property Investment (“RPI”) have widely spread, and the idea of environmentally-friendly property management throughout the lifecycle has been becoming common.

TOKYU REIT aims to maximize its unitholders’ value through pursuing growth, stability and transparency. To achieve our objectives, we realize that environmental consideration and proper disclosure will become even more important, and hereby establish the “Environmental Policy”.

Environmental Policy

TOKYU REIT recognizes the importance of environmental consideration in the property investment and management sector. As a responsible corporation, we continue to act towards reducing environmental impact and helping transition to a sustainable society.

1.Implementation of Environmentally-friendly Operation

  1. Reduce Energy Consumption and Green House Gas (“GHG”) Emissions
  2. Reduce Water Consumption and Waste
  3. Pursue Health, Safety and Well-Being

2.Management Structure to Ensure Environmental Consideration

  1. Management Structure as a Responsible Corporation
  2. Collaboration with our stakeholders

Acquisition of DBJ Green Building Certification

The DBJ Green Building Certification program (the “Program”) is a certification program established by DBJ in April 2011 in order to support real estate demonstrating environmental and social awareness (“Green Buildings”). The Program recognizes and certifies socially and economically desirable real estate, based on a comprehensive assessment that includes not only the property’s environmental performance but also its addressing of disaster prevention, community consideration, and other requirements of various stakeholders, and supports initiatives thereof.

Please refer to the following for more information on the Program.
Website operated jointly by DBJ and Japan Real Estate Institute:DBJ Green Building Certification (in Japanese)

The following is the DBJ Green Building Certification acquired by TOKYU REIT.

Retail Properties



Address 1-23-16,Shibuya, Shibuya-ku, Tokyo
Total Land Space 1,705.35m2
Total Floor Space 11,847.87m2
Structure /Floors S/SRC, B2/12F
Completed September 2004



Address 21-6, Udagawa-cho, Shibuya-ku, Tokyo
Total Land Space 784.26m2 (Land included in the property trust totals 728.30m2)
Total Floor Space 6,675.52m2 (Exclusive area 4,804.46m2)
Structure /Floors SRC/S, B3/8F
Completed October 1999

Office Properties

Setagaya Business Square


Setagaya Business Square
Address 4-10-1,2,3,4,5,6, Yoga, Setagaya-ku, Tokyo
Total Land Space 21,315.68m2
Total Floor Space 94,373.72m2
Structure /Floors SRC/RC/S, B2/28F
Completed September 1993
  *TOKYU REIT holds 55% co-ownership interest in Setagaya Business Square.

Tokyu Toranomon Building


Tokyu Toranomon Building
Address 1-21-19, Toranomon, Minato-ku, Tokyo
Total Land Space 2,016.83m2
Total Floor Space 11,983.09m2
Structure /Floors S,10F
Completed April 2010

Tokyu Bancho Building


Tokyu Toranomon Building
Address 6, Yonbancho,Chiyoda-ku, Tokyo
Total Land Space 2,754.18m2
[Land included in the property trust totals: 2,573.80m2]
Total Floor Space 15,834.55m2
[Exclusive ownership area of compartments under compartmentalized ownership pertaining to property trust: 11,431.09m2]
Structure /Floors S,11F
Completed September 2011


Continuously acquired “Green Star” rating, the highest category in the GRESB Survey


Tokyu REIM has participated in GRESB survey since 2014 by placing TOKYU REIT as the target.
Continuously acquired “Green Star” rating, the highest category, from 2015

GRESB (Global Real Estate Sustainability Benchmark)
…Benchmark developed by a group of leading western pension funds. Evaluates the sustainability consideration of real estate companies and the managing entities, and is being utilized by major institutional investors, for example when selecting investment targets.

BELS Certification

BELS (Building-Housing Energy-efficiency Labeling System) is the third-party certification system to rate houses and buildings in accordance with duty to make effort to label energy saving performance in the Act on Improving Energy Consumption Performance for Architectural Structures. Houses and buildings are evaluated based on the value of BEI (Building Energy Index) derived from the primary energy consumption based on the government-designated energy consumption performance standard of architectural structures.
The evaluation and indication based on the system shall be implemented by the registered organizations as operators of BELS operations, which fall under registered housing performance evaluation organizations that are members of the evaluation association, designated construction confirmation authorities or registered building research agencies.


The following is the BELS Certification acquired by TOKYU REIT.

Property Name Evaluation Acquisition Date of Certification
Tokyu Ikejiri-ohashi Building ★★ January 23, 2017

Continuously acquired “Class S," the highest ranking, in the classification and evaluation system of businesses based on the Energy Conservation Law

Tokyu REIT continuously acquired “Class S," the highest ranking, in the system from fiscal 2015.
The classification and evaluation system of businesses is a system to classify all businesses submitting regular reports on measures at factories and workplaces with regard to the “Act on the Rational Use of Energy (Energy Conservation Law)” into four classes of S, A, B and C (Note). Prime businesses (Class S) will be announced on the website of the Ministry of Economy, Trade and Industry by business category.

Class S Business : Those whose 5-year average original unit price decreased by 1% or more (target) or those who achieved the benchmark target in the regular report (as of the end of March in fiscal 2017)
Class A Business : Those that don’t fall under the category of Class S and Class B businesses
Class B Business : Those whose target haven’t been achieved and whose original unit price increased year-on-year for the most recent two consecutive years or whose 5-year average original unit price increased by more than 5% in the regular report
Class C Business : Those whose efforts on energy saving are judged to be especially insufficient

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