Sustainability Initiatives
GRESB（Global Real Estate Sustainability Benchmark）
The Global Real Estate Sustainability Benchmark (GRESB) is an assessment system for measuring annually the Environmental, Social and Governance (ESG) awareness of real estate. It was developed in 2009 by major European pension funds and others.
Characteristically, the GRESB Real Estate Assessment evaluates the initiatives on sustainability of real estate companies, REIT and funds as a whole, instead of solely investigating individual real estate properties.
For details of the GRESB, please refer to this website.
Assessment results
In the 2018 GRESB Real Estate Assessment, PIC has received a “Green Star” rating, highly evaluated in both dimensions of “Management and Policy” and “Implementation and Measurement” with regards to activities for environmental consideration and sustainability.
Moreover, PIC has received “4 Stars” in “GRESB Rating”, which is a five-grade evaluation system that awards applicants a relative evaluation based on total GRESB score.
Going forward, PIC and Premier REIT Advisors Co., Ltd., the asset management company for PIC, will continue our endeavors on promoting ESG awareness in all aspects of real estate investment and management operations, based on the Sustainability Policy.
Related press releases
”Notice Concerning GRESB Real Estate Assessment Results” dated September 21, 2018 PDF （76.6KB）
CASBEE
(Comprehensive Assessment System for Built Environment Efficiency)
CASBEE is a system to evaluate a building's comprehensive environmental performance, including energy saving and other environmental awareness as well as indoor comfort and aesthetic appeal. The system was developed primarily by the Institute for Building Environment and Energy Conservation under the initiative of the Ministry of Land, Infrastructure, Transport and Tourism.
(Example of Initiatives)
| Property Name | Gotanda NT Building | Assessment | |
|---|---|---|---|
| Location | 1-18-9 Nishi-Gotanda, Sinagawa Ward, Tokyo | Rank A | |
| Total Floor Space | 7,545.80m2 |  |
|
| Structure of Building | Steel-framed reinforced concrete structure with a flat-topped roof, 10 stories and 1 basement floor | ||
| Construction Complete | November 1987 |
| Property Name | NTT CRED Okayama Building | Assessment | |
|---|---|---|---|
| Location | 1-8-45 Nakasange, Kita Ward, Okayama City, Okayama | Rank S | |
| Total Floor Space | 35,299.51m2 |  |
|
| Structure of Building | Steel and steel framed reinforced concrete structure with a flat-topped roof, 21 stories with 2 basement stories | ||
| Construction Complete | February 1999 |
DBJ Green Building Certification
DBJ Green Building Certification Program was launched by Development Bank of Japan Inc. (DBJ) in April 2011 for the purpose of supporting the properties which give proper care to environment and society (Green Building).
The program evaluates, certifies and supports properties which are required by society and economy. It makes comprehensive assessment of properties, while evaluating various factors which range from properties' environmental features to their communication with stakeholders, such as disaster prevention and proper care for surrounding communities.
(Examples of Initiatives)
| Property Name | Premier Blanc Yoyogikouen | Assessment | |
|---|---|---|---|
| Location | 1-46-7 Tomigaya, Shibuya Ward, Tokyo | 3 Stars | |
| Total Floor Space | 3,086.04m2 |  |
|
| Structure of Building | Reinforced concrete structure with a flat-topped roof, 11 stories and 1 basement floor | ||
| Construction Complete | June 2005 |
BELS
(Building Energy-efficiency Labeling System)
BELS is a system for third parties to evaluate and indicate energy conservation performance of non-residential buildings, based on the Evaluation Guidelines for the Building Energy-efficiency Labeling System for Non-Residential Buildings (2013).
(Example of Initiatives)
| Property Name | Ueno Tosei Building | Assessment | |
|---|---|---|---|
| Location | 4-27-3 Higashi-Ueno, Taito Ward, Tokyo | ★★★☆☆ | |
| Total Floor Space | 6,868.83m2 |  |
|
| Structure of Building | Steel-flamed with a flat-topped roof, 10 stories | ||
| Construction Complete | May 2007 |
Low-Carbon Model Building
Low-Carbon Small and Medium-Sized Model Building Certified by the Tokyo Metropolitan Government
The "Low-Carbon Small and Medium-Sized Model Building" is an assessment index for low-carbon buildings (low-carbon building benchmark) announced by the Tokyo Metropolitan Government in May 2012, with an aim to create the real estate market in which low-carbon buildings featuring low CO2 emission are valued.
(Examples of Initiatives)
| Property Name | Rokubancho Building | Assessment | |
|---|---|---|---|
| Location | 6-28 Rokubancho, Chiyoda Ward, Tokyo | A4 | |
| Total Floor Space | 9,339.42m2 | ||
| Structure of Building | Steel-framed, steel-framed reinforced concrete structure with a flat-topped roof, 7 stories and 1 basement floor | ||
| Construction Complete | April 1987 |
| Property Name | Urbannet Mita Building | Assessment | |
|---|---|---|---|
| Location | 3-10-1 Mita, Minato Ward, Tokyo | A2 | |
| Total Floor Space | 13,987.76m2 | ||
| Structure of Building | Steel-flamed, reinforced concrete structure with a flat-topped roof, 8 stories and 1 basement floor | ||
| Construction Complete | September 1987 |