Waste Initiatives

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Basic Approach

Initiative Targets

The Heiwa Real Estate Group has established procurement policies for mainstay Group products, services, and major business partners (property management companies and building management companies), introducing operational procedures and procuring materials that meet ESG-related standards, including the reduction of environmental pollutants.

Process Targets

The Group carefully considers its impact on the global environment and complies with environmental laws and regulations by controlling waste emissions, including hazardous substances, and thoroughly implementing countermeasures to prevent soil, air and water pollution and the use of asbestos in Group business.
Based on our Sustainable Procurement Policy, we strive to reduce environmental pollutants, including the use and emission of hazardous chemicals and ozone-depleting substances, as one criterion for selecting products and services for procurement. We also select and evaluate business partners (suppliers).
The Group targets a 20% reduction in hazardous waste and other emissions by FY2030. To this end, targets are set each fiscal year and results are confirmed to promote the reduction of hazardous waste and control environmental pollution.

Specific Initiatives

Asbestos countermeasures

We conduct property surveys to determine whether building materials containing asbestos have been used, based upon which we make regular reports regarding removal efforts and response policies.

Appropriate Handling of PCBs

We conduct periodic surveys on the presence or absence of equipment containing PCBs and make regular reports on disposal costs and related issues.

Appropriate Handling of Chlorofluorocarbons

We also conduct periodic surveys on the amount of chlorofluorocarbon (CFC) emissions at each property in an effort to reduce pollutants within business activities.

Basic Approach

Initiative Targets

Initiative Targets

In our aim to reduce waste emissions, the Sustainability Committee, chaired by the Representative Executive Officer, President and CEO, compares actual results each fiscal year with consumption volumes and output in one or several previous fiscal years.
Heiwa Real Estate targets a 20% reduction in waste emissions by FY2030 (compared to FY2018).

Items	Targets
Reduction of industrial waste generation	20% reduction by FY2030(target waste per square meter compared to FY2018)
Recycling rate	70% by FY2030

*Recycled waste is excluded from the actual figures for waste and waste emissions per square meter.

Results

Data marked with ✓ are guaranteed by a third party.

• *Prior to FY2021, the scope of calculation is the real estate portfolio held by the Group (excluding buildings designated to be sold and jointly owned buildings of which the Company has an ownership share of less than 25%).
  In FY2022, the scope of calculation is the real estate portfolio held by the Group (excluding inventories).

Specific Initiatives

Reuse of Waste Materials in Company Properties

The flexible office XPORT, a Group property aimed at providing a sustainable office environment, efforts to reduce waste including the use of terrazzo tile flooring, a natural stone material derived from waste materials.

Constructing the First Flexible Office XPORT Nihonbashi Kabutocho

Wooden Hybrid Structure KITOKI Initiatives

This 10-floor retail and office building adopts a hybrid structure that includes three-floor mega-structures constructed using SRC frames, with each floor within the mega-structures made of wood. This is the first project on which the Company adopted a hybrid structure.
The combination of SRC mega-structures and fire-resistant wooden structures has been praised for opening up new possibilities in terms of construction methods and user benefits when utilizing wood in high-rise buildings, as well as extending the building lifecycle. This project was selected for the Leading Projects Program for Sustainable Buildings (wood-based structures) in FY2020 implemented by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), which aims to drive technological advancement and raise public awareness related to wooden structures.

Outside the building, we plan to install benches made of wood from the Tokyo Stock Exchange (TSE) Listing Forest* located, in the Yashima district of Yurihonjo, Akita Prefecture, based on a social contribution program being run by the Japan Exchange Group, Inc. (JPX). The wood, called kabulock, can be used in a multitude of applications, and will be processed into benches.The expectation is that this hybrid structure will convey the sense of warmth unique to wood to everyone who works in, visits, or lives near the building, while adding a touch of tranquility to the area(acquired certificate for carbon dioxide fixation promoting the use of wood produced in Akita Prefecture).
Heiwa Real Estate empathizes with and supports JPX TSE Listing Forest conservation activities, and will contribute to the effective recycling of forest resources in Japan through the Wood Project, promoting the reuse of wood in building materials, benches and other purposes.

We are using cedar on top of concrete frames for the exterior design to give a wood-like feel while retaining durability. Rather than dispose of wood when it is time for replacement, which is typical for cedar due to its grain and knots, it will instead be reused for benches and in other applications. Heiwa Real Estate aims to implement a circular economy in projects that contribute to a recycling-oriented society.

*In June 2004, the Japan Exchange Group (JPX), set aside an area of approximately 5 hectares (now expanded to approximately 7.3 hectares) in the Yashima district of Yurihonjo, Akita Prefecture, as the “TSE Listing Forest," where it engages in forest conservation activities in the hope that the exchange market will grow and prosper in line with the growth of the forest.

Deciding on New Wooden Hybrid Structure Project KITOKI Building Name and Overview of Interior Design

Cooperation with Business Partners

Establishing Tenant Guidelines

We established the Tenant Guidelines for Environmental Concerns as part of our waste management efforts, calling on the Group and all its business partners to cooperate on this initiative.