GRESB Real Estate Assessment 2023
In the GRESB Real Estate Assessment, a benchmark that evaluates environmental, social, and governance (ESG) initiatives in the real estate sector, Heiwa Real Estate received a 4-star rating (FY2022: 4-star) in the Standing Investments Benchmark (related to currently operating properties). For the third consecutive year, Heiwa Real Estate received a Green Star designation, which is awarded to companies that have scored highly in both the Management and Performance components of the assessment. Furthermore, the Company’s disclosure of ESG-related information was recognized with the highest rating of A in the GRESB Public Disclosure tool, which measures material sustainability disclosures based on a set of ESG indicators.
Established in 2009 by a group of large pension funds in Europe that initiated Principles for Responsible Investment (PRI), GRESB is an organization that measures the ESG performance of property companies and funds to generate its GRESB benchmarks each year. GRESB currently has 150 investor members, which use its data when selecting companies to invest in and when holding dialogues with invested companies. Many of these members, including Japan’s Government Pension Investment Fund, make use of GRESB assessment results. In 2023, 2,084 property companies, REITs, funds and developers from around the world participated in the GRESB Real Estate Assessment.
Going forward, we will continue to engage in proactive activities to achieve a higher GRESB rating by enhancing sustainable management practices.
CDP
Heiwa Real Estate received an “A-” score in an assessment by the Carbon Disclosure Project (CDP), an international nonprofit organization that focuses on environmental information disclosure through its Climate Change Program.
CDP is a non-profit organization that supports institutional investors and major purchasers around the world that are highly concerned about the environment, calling on corporations and governments to promote initiatives and disclose information on climate change, water resource protection, forest conservation and other environmental issues. In 2023, more than 740 signatory financial institutions with over US$137 trillion in assets collaborated with CDP, As a result, more than 25,000 organizations disclosed environmental information through CDP’s questionnaire. This included over 23,000 companies and more than 1,100 municipalities, together representing two-thirds of the world’s market capitalization.
Going forward, Heiwa Real Estate will maintain efforts to provide transparent disclosure, including non-financial information, to improve our reputation by further enhancing Group sustainability management practices.
FTSE Blossom Japan Index
Heiwa Real Estate has been selected as a constituent for the FTSE Blossom Japan Index. Created by global index provider FTSE Russell, this index measures the performance of Japanese corporations demonstrating excellence in ESG practices. Designed to be industry-neutral, the index is used as an important investment decision criterion by investors around the world focused on corporate ESG initiatives.
FTSE Blossom Japan Sector Relative Index
Heiwa Real Estate has been selected as a constituent for the FTSE Blossom Japan Sector Relative Index. As with the FTSE Blossom Japan Index, this index is designed to be sector-neutral, reflecting the performance of Japanese companies with excellent ESG responses. To promote the transition to a low-carbon economy, only companies with particularly high greenhouse gas emissions evaluated for improvement efforts by the TPI Management Quality Score* are included in the index.
- *Assesses the quality of corporate management of greenhouse gas emissions, as well as risks and opportunities associated with the transition to a low-carbon society.
MSCI Japan ESG Select Leaders Index
Heiwa Real Estate has been selected as a constituent for the MSCI Japan ESG Select Leaders Index. This stock price index created by MSCI, a leading U.S. financial services company, comprehensively considers various ESG risk factors and selects companies with strong ESG performance relative to sector peers within each industry.
MSCI Japan Empowering Women Index (WIN)
Heiwa Real Estate has been selected as a constituent for the MSCI Japan Empowering Women Index(WIN) . This stock price index, created by MSCI, a leading U.S. financial services company, is based on data related to the employment and promotion of women in corporations and gender diversity information disclosure.
S&P/JPX Carbon Efficient Index
The Company has been selected as a constituent stock of the S&P/JPX Carbon Efficient Index. The S&P/JPX Carbon Efficient Index is designed to measure the performance of companies in the Tokyo Stock Price Index (TOPIX; as the “underlying index”), weighting companies with focus on their level of carbon efficiency (carbon emissions per sales) and disclosure status of environmental information.
Morningstar Japan ex-REIT Gender Diversity Tilt Index
Heiwa Real Estate has been selected for inclusion in the Morningstar Japan ex-REIT Gender Diversity Tilt Index. This index focuses on companies that have established gender diversity policies that permeate their corporate culture, as well as companies that are committed to equal opportunities for employees regardless of gender.
ESG Finance Awards Japan
Heiwa Real Estate was selected for inclusion in the Environmentally Sustainable Enterprise Category at the 4th ESG Finance Awards Japan, organized by the Ministry of the Environment. The ESG Finance Awards Japan are designed to further promote and expand ESG finance by recognizing institutional investors, financial institutions, brokerages, companies, and other organizations that have proactively engaged in ESG finance or environmental and social projects and have made an impact, aimed at sharing these pioneering efforts with wider society.
The Environmentally Sustainable Enterprise category was established to provide investors and corporations with concrete examples of enterprises incorporating significant environmental opportunities and risks into their management strategies to enhance corporate value, leading to both positive effects on the environment and enhancement of corporate value. Companies, including Heiwa Real Estate, that meet certain standards are selected as Environmentally Sustainable Enterprises.
THE INCLUSION OF HEIWA REAL ESTATE CO.,LTD. IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS,TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF HEIWA REAL ESTATE CO.,LTD. BY MSCI OR ANY OF ITS AFFILIATES.
THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.
Morningstar, Inc., and/or one of its affiliated companies (individually and collectively, “Morningstar”) has authorized Heiwa Real Estate Co., Ltd. to use of the Morningstar Japan ex-REIT Gender Diversity Tilt Logo (“Logo”) to reflect the fact that, for the designated ranking year, Heiwa Real Estate Co., Ltd. ranks in the top quintile of companies comprising the Morningstar® Japan ex-REIT Gender Diversity Tilt IndexSM (“Index”) on the issue of gender diversity in the workplace. Morningstar is making the Logo available for use by Heiwa Real Estate Co., Ltd. for informational purposes. Heiwa Real Estate Co., Ltd. use of the Logo should not be construed as an endorsement by Morningstar of Heiwa Real Estate Co., Ltd. or as a recommendation, offer or solicitation to purchase, sell or underwrite any security associated with Heiwa Real Estate Co., Ltd. The Index is designed to reflect gender diversity in the workplace in Japan, but Morningstar does not guarantee the accuracy, completeness or timeliness of the Index or any data included in it.
Morningstar makes no express or implied warranties regarding the Index or the Logo, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index, any data included in it or the Logo. Without limiting any of the foregoing, in no event shall Morningstar or any of its third party content providers have any liability for any damages (whether direct or indirect), arising from any party's use or reliance on the Index or the Logo, even if Morningstar is notified of the possibility of such damages. The Morningstar name, Index name and the Logo are the trademarks or services marks of Morningstar, Inc. Past performance is no guarantee of future results.