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.

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.