In 2014 ADR became the first specialized residential J-REIT* to participate in the GRESB** Real Estate Assessment.

In the FY2024 GRESB Real Estate Assessment, ADR received a  “3 Stars” rating for second consecutive year, the third-higher rank out of five levels in the GRESB rating which indicates a relative evaluation based on the global ranking of the overall score, and has been awarded the “Green Star” rating, which is given to operators that are evaluated as excellent in both the “Management Component,” which evaluates ESG promotion policies and organizational structure, and the “Performance Component,” which evaluates the environmental performance of properties owned and initiatives for tenants, for the 9th consecutive year.

By continuing to participate in the assessment ADR and its asset manager ITOCHU REIT Management Co., Ltd. (IRM) will strive to improve their quality of the measures they will take in regards of sustainability and score higher in the assessment.

*Specialized residential J-REIT is an investment corporation listed on the Real Estate Investment Trust Securities Market of the Tokyo Stock Exchange whose principal investment is in residential properties and whose portfolio investment ratio in residential properties is 90% or more.

**GRESB is an industry-driven organization established by European pension funds committed to assessing the sustainability performance of real estate portfolios (public, private and direct) around the globe. The dynamic benchmark is used by institutional leading investors in Europe, the U.S. and Asia to engage with their investments in an aim to improve the sustainability performance of their investment portfolio, and the global property sector at large.

ADR participated in CDP* Climate Change Program for the first time in 2023 and received a 'B'score.

*CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 , CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 25,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization - and over 1,100 cities, states and regions. CDP scores are evaluated on 8 levels: Leadership level (A, A-), Management level (B, B-), Awareness level (C, C-), and Disclosure level (D, D-).

For more information on this evaluation, please refer to the website of CDP
https://www.cdp.net/en
 

ADR obtained SBT* certification in March 2023 for our GHG emissions reduction target by FY2030 (reducing the total amount by 51% from the FY 2018 level), as Science Based Targets, which is consistent with the level required by the Paris Agreement.

*SBT (Science Based Targets: emission reduction targets based on scientific evidence) is GHG emission reduction targets set by companies that are consistent with the levels required by the Paris Agreement (which aims to limit the global temperature increase to well below 2°C above pre-industrial levels and and pursuing efforts to limit warming to 1.5°C). The SBT Initiative is an international initiative of CDP, the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) to certify companies that set SBT.

The MSCI ESG Ratings investigate, analyse and rate the extent to which companies adequately manage ESG-related risks and opportunities, and provide an overall corporate ESG rating on a seven-point scale from 'AAA' to 'CCC'.
As of May 2024, ADR received an MSCI ESG Rating of 'A'.

*Disclamer
The use by ADR of any MSCI ESG Research LLC or its affiliates ("MSCI") data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of MSCI by MSCI. MSCI services and data are the property of MSCI or its information providers and are provided "as-is" and without warranty. MSCI names and logos are trademarks or service marks of MSCI.