Green Finance
Ⅷ. Green Finance
A. Implementation of Green Finance
ADR has established Green Finance Framework in 2019 and is implementing green finance with the aim of further promote ESG considerations in its asset management and enhance our financing base by broadening our investor universe, especially for investors interested in ESG investment.
B.Outline of Green Finance Framework
In order to implement green financing in line with the requirements of the Green Bond Principles 2018 of the International Capital Market Association (ICMA), Green Loan Principles of the Loan Market Association (LMA) and the Asia Pacific Loan Market Association (APLMA) and the 2017 Green Bond Guidelines of Ministry of the Environment of Japan, ADR has formulated a green finance framework. Regarding the eligibility of the green finance framework, ADR has received a “Green 1 (F)” rating, the highest rating, in the JCR Green Finance Framework Evaluation by the Japan Credit Rating Agency, Ltd. (JCR), an institution which assesses green finance.
* Please visit the Green 1 (F)” rating in the JCR Green Finance Framework Evaluation for details.
1.Purpose of Funds procured through Green Finance
Funds procured through Green Bonds or Green Loans are applied to the acquisition of the following
Eligible Green Assets, refinancing of those funds or funding or refinancing renovation work.
2.Eligible Green Assets
(1) Funds for the acquisition of Eligible Green Assets
Assets meeting the eligible criteria (Eligible Green Assets) are assets that have acquired or are scheduled to acquire or to be rectified the following certifications.
• 3-star, 4-star or 5-star ratings in DBJ Green Building Certification
• B+, A or S rankings in CASBEE Certification
• 3-star, 4-star or 5-star ratings in BELS Certification
* Please visit the Acquisition of External Certification）for details.
| Property No. | Name |
Rank of evaluation DBJ Green Building Certification |
Rank of evaluation CASBEE Certification |
Date of acquisition of certification |
Acquisition Price （million yen） | Total Floor Space （㎡） |
|---|---|---|---|---|---|---|
|
T-035 |
- | A | March 3, 2022 | 6,780 | 10,834.93 | |
|
T-038 |
- | A | January 26, 2024 | 3,570 | 6,269.11 | |
| T-039 | - | S | March 3, 2022 | 16,500 | 29,561.91 | |
| T-044 | - | A | August 25, 2023 | 6,190 | 11,053.03 | |
|
T-054 |
RESIDIA Shibaura |
- |
A |
July 29, 2022 |
4,670 |
12,540.48 |
|
T-056 |
RESIDIA Yutenji |
- |
A |
January 26, 2024 |
5,260 |
5,846.64 |
|
T-057 |
Park Tower Shibaura Bayward Urban Wing |
- |
A |
March 3, 2022 |
9,570 |
19,562.07 |
|
T-064 |
RESIDIA TOWER Nakameguro |
- |
A |
January 26, 2024 |
3,300 |
5,594.51 |
|
T-065 |
RESIDIA Sasazuka II |
- |
A |
January 26, 2024 |
3,760 |
5,504.20 |
|
T-087 |
RESIDIA Ichigaya-Sadohara |
- |
A |
July 28, 2023 |
4,085 |
7,303.76 |
| T-093 | RESIDIA Kamata |
- |
A |
January 26, 2024 |
2,640 |
5,637.66 |
| T-103 | RESIDIA Kinshicho |
- |
A |
January 26, 2024 |
4,200 |
5,622.99 |
| T-120 | RESIDIA Bunkyo-Otowa |
- |
A |
January 30, 2023 |
3,380 |
8,163.50 |
|
T-131 |
RESIDIA Mejiro |
- |
A |
July 29, 2022 |
6,280 |
17,417.59 |
|
T-133 |
RESIDIA Nihonbashi-Bakurocho | - | A | January 30, 2023 | 5,500 | 9,605.78 |
| T-134 | RESIDIA Suginami-Honancho | - | A | January 30, 2023 | 3,834 | 7,561.63 |
| T-140 | RESIDIA Minami-senjyu | - | S | July 29, 2022 | 2,580 |
10,492.28 |
| T-150 | RRESIDIA TOWER Kami-Ikebukuro | - | S(Tower) A(Park) |
March 3, 2022 | 8,250 |
29,454.37 4,081.05 |
| T-170 | RRESIDIA Shin-Okachimachi II | - | A | July 28, 2023 | 4,650 |
6,843.89 |
| T-185 | - | A | January 26, 2024 | 3,315 | 3,604.99 | |
| T-189 | - | A | July 26, 2024 | 2,912 | 2,745.30 | |
|
S-020 |
Pacific Royal Court Minato Mirai Ocean Tower |
- |
A |
March 3, 2022 |
14,000 |
40,527.16 |
| S-036 | ★★★★★ | - | July 26, 2024 | 5,835 | 6,845.00 | |
|
R-030 |
RESIDIA Izumi |
- |
A |
August 25, 2023 |
3,700 |
10,546.49 |
|
R-042 |
RESIDIA Nishijin |
- |
A |
January 30, 2023 |
2,380 |
9,233.43 |
| R-051 | - | A | January 26, 2024 | 3,232 | 13,477.82 | |
|
R-053 |
RESIDIA Higashi-zakura II |
- |
A |
July 29, 2022 |
2,862 |
10,944.91 |
| R-086 | - | A | January 26, 2024 | 4,000 | 14,988.83 | |
|
|
Total of Eligible Green Assets |
|
|
|
147,235 |
331,865.31 |
(2) Fund renovation work which meets the eligible criteria
・Construction work and equipment renovation work that contribute to energy conservation and environmental improvement
・Renovation works which meets the eligible criteria are works that aims to reduce energy consumption, CO2 emissions or water consumption by 10% or more.
C. Appropriation of Funds
1. Green Bond
2. Green Loan
|
Lender |
Drawdown Date |
Principal Repayment Date |
Amount （million yen） |
Appropriation of Funds |
Fund Appropriation Target (Property No.) |
|---|---|---|---|---|---|
|
Sumitomo Mitsui Trust Bank, Limited |
Mar. 29, 2024 | Mar. 31, 2034 | 1,500 | Appropriated | T-185 |
|
Sumitomo Mitsui Trust Bank, Limited |
Mar. 29, 2024 | Mar. 30, 2029 | 1,500 | Appropriated | T-185 |
|
Mitsubishi UFJ Trust and Banking Corporation (Trust Account) |
Apr. 24, 2024 | Apr. 24, 2036 | 2,000 | Appropriated | |
|
Mizuho Bank, Ltd. |
Jul. 23, 2024 | Jan. 24, 2033 | 1,000 | Appropriated | |
|
SBI Shinsei Bank, Limited |
Jul. 23, 2024 | Jan. 24, 2033 | 1,500 | Appropriated | |
|
The Yamaguchi Bank, Ltd. |
Jul. 23, 2024 | Jan. 24, 2033 | 1,500 | Appropriated | |
|
The Keiyo Bank, Ltd. |
Jul. 23, 2024 | Jan. 24, 2033 | 1,000 | Appropriated | |
| MUFG Bank, Ltd. | Jul. 31, 2024 | Jul. 29, 2033 | 1,000 | Appropriated | |
| MUFG Bank, Ltd. | Jul. 31, 2024 | Jan. 31, 2030 | 1,000 | Appropriated | |
|
The Chiba Bank, Ltd. The Norinchukin Bank |
Jul. 31, 2024 | Jan. 31, 2030 | 2,500 | Appropriated | |
|
Resona Bank, Limited. |
Jul. 31, 2024 | Jul. 31, 2034 | 1,600 | Appropriated | |
|
The Bank of Fukuoka, Ltd. |
Nov. 29, 2024 | Nov. 30, 2034 | 1,500 | Appropriated |
D. Impact Reporting
(1) Funds for the acquisition of Eligible Green Assets
As long as the balance of Green Finance remains, ADR plans to disclose the following indicators annually for each Green Eligible Asset for which the proceeds have been allocated.
- Energy-consumption
- Greenhouse gas (CO2) emissions
- Water Usage
- Waste Volume
- Status of Environmental Certification Acquisition
（Number of Properties, Total Floor Space, Date of Certification, Type of Certification）
For more information, please click here
(2) Fund renovation work which meets the eligible criteria
As long as the balance of Green Finance remains, ADR plans to disclose annually one of the following indicators before and after the renovation work.
- Energy-consumption
- Greenhouse gas (CO2) emissions
- Water Usage
- Waste Volume
1. Quantitative indicators
(1) Funds for the acquisition of Eligible Green Assets
|
Property No. and Name |
Energy |
GHG Emission |
GHG Emission （Scope2） （t-CO2） |
Water Usage |
Waste Volume |
|---|---|---|---|---|---|
| 594 | 0.000 | 0.000 | 610 | 8 | |
| S-020 Pacific Royal Court Minato Mirai Ocean Tower | 992 | 0.000 | 0.000 | 578 | -*2 |
| T-057 Park Tower Shibaura Bayward Urban Wing | 448 | 0.112 | 0.000 | 312 | -*2 |
| T-185 RESIDIA Shinagawa Seaside | 9 | 0.000 | 0.000 | 4 | 0 |
| T-189 RESIDIA Sendagi *3 | - | - | - | - | - |
| S-036 Tokyo Student-House Musashi-Kosugi *3 | - | - | - | - | - |
*1 Review period：Jan-Dec 2023
*2 Data is not calculated and disclosed because the properties do not fall within the scope of waste aggregation. For information on data aggregation methods, please click here.
*3 Data is not calculated and disclosed because the properties are not subject to ownership during the 2023 environmental performance data compilation period.