GlobalData offers a comprehensive analysis of GLP J-REIT, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on GLP J-REIT‘s ESG performance. GlobalData’s company profile on GLP J-REIT offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
The GLP Group prioritizes energy-saving in facility design and operations, actively owning environmentally friendly buildings, setting numerical targets for energy and water usage, and collaborating with tenant companies to reduce environmental impact. It has committed to achieve carbon neutrality by 2050, with interim targets such as transitioning to 100% green energy for electricity in common areas in all facilities by 2025. The company also intends to obtain environmental certifications for at least 90% of the portfolio. GLP J-REIT's latest filings mentioned the keywords ‘Green Projects' and 'Climate Change' most number of times.
In 2022, GLP J-REIT's interest-bearing debt ratio was 44.2%, and the company had debts of eligible green projects worth JPY 305.7 billion. GLP J-REIT has issued several green and sustainability bonds and loans, and the net proceeds from these will be used for the acquisition of assets in eligible green and sustainability projects, refinancing of loans required for the acquisition of assets, and redemption of investment corporation bonds.
GLP J-REIT has taken various steps to reduce emissions, including working with tenants to reduce the use of energy, water, and waste. The company has invested in eligible green and sustainability projects, including properties with DBJ Green Building Certification, CASBEE, BELS, and LEED evaluations. GLP J-REIT has also implemented a green lease clause, switched to LED lighting, and introduced solar power generation. The company has reported total GHG emissions for 2021 at 73,846 tCO2.
In conclusion, the company has a basic policy on environment, social, and governance issues and reports on its environmental performance, including electricity usage, greenhouse gas emissions, water usage, waste amount, and renewable energy output.