GRESB Real Estate Assessment
Star Asia Investment Corporation (“SAR”) participated in the GRESB Real Estate Assessment in 2022, and acquired “3 Stars” rating (highest rank: 5 Stars).
Furthermore, SAR obtained the “Green Star” which indicates that SAR is a participant which excels in both the “Management Component” which assesses the policy and organization structure for promoting ESG as well as the “Performance Component” which assesses environmental performance and tenant engagement of properties owned.
SAR also received the highest “A Level” for the GRESB Public Disclosure, which assesses the width of our ESG disclosure.
GRESB is an annual benchmarking assessment to measure ESG (Environmental, Social and Governance) integration of real estate companies and funds, as well as the name of organization which runs the assessment. It was founded in 2009 by a group of major European pension funds who played leading roles in launching Principles for Responsible Investment (PRI). Currently, more than 170 Investor Members (with $ 51 trillion in assets under management) use GRESB data for their investment decision-making and engagement with investees, and several institutions from Japan including Government Pension Investment Fund (GPIF) utilize GRESB Assessment results. In 2022, 1,820 listed or private real estate companies/funds participated in GRESB Real Estate Assessment.
https://gresb.com/nl-en/
Acquisition rate of external certifications and Certification Goals
■Acquisition rate of external certifications and Certification Goals
| Acquisition Rates（As of August 18, 2022）(note 2) | Goals for2026 | |||||
|---|---|---|---|---|---|---|
| Number of Properties | Total Floor Area(㎡) | ratio(％) (note 2) | ratio(%) | |||
| DBJ Green Building Certification | 8 | 189,352.89 | 34.6 | |||
| Building-Housing Energy-Efficiency Labeling System (BELS) | 2 (note 1) | 5,605.73 | 1.0 | |||
| Certification for CASBEE for Real Estate | 3 | 38,868.57 | 7.1 | |||
| Total | 13 | 233,827.19 | 42.7 | 50.0 | ||
| (note1) | In case when a property holds multiple certifications, number and floor area of one property is included. |
|---|---|
| (note2) | Ratio of each floor area to the gross floor area of SAR portfolio (547,221.14㎡). |
■DBJ Green Building Certification
DBJ Green Building Certification System (the “System”) is certification system established in April 2011 by the Development Bank of Japan (DBJ) in order to support environmentally and socially conscious management of real estate (Green Building). In addition to the environmental performance of subject properties, DBJ assesses and certifies real estate demanded socially and economically based on comprehensive assessment including aspects responding to various stakeholders such as disaster prevention measures and attention towards the community.
| Property name | Asset type | Location | Total floor area (㎡) | Certification rating | Certified date (reassessment date) | |
|---|---|---|---|---|---|---|
| 1 | Baraki Logistics | Logistics | Ichikawa-shi, Chiba | 12,471.50 | ★★★ | Jul 31, 2021（reassessment date） |
| 2 | Honmachibashi Tower | office | Osaka-shi, Osaka | 15,407.83 | ★★ | Jul 31, 2021（reassessment date） |
| 3 | La Park Kishiwada | Retail | Kishiwada-shi, Osaka | 65,663.02 | ★★ | Dec 11, 2020 |
| 4 | Urban Park Tokiwadai Koen | Residence | Yokohama-shi, Kanagawa | 15,708.08 | ★★ | May 14, 2021 |
| 5 | Urban Park Mitsuike Koen | Residence | Yokohama-shi, Kanagawa | 10,918.37 | ★★ | May 14, 2021 |
| 6 | Iwatsuki Logistics | Logistics | Saitama-shi, Saitama | 29,729.72 | ★★ | Jul 31, 2021（reassessment date） |
| 7 | Seishin BLDG. | Office | Shinjuku-ku, Tokyo | 7,624.66 | ★ | Jun 21, 2021 |
| 8 | Seiyu Minakuchi | Retail | Koka-shi, Shiga | 31,829.71 | ★ | Dec 11, 2020 |
| Total | 189,352.89 | |||||
| (note) | As of June 30, 2022 |
|---|
■Building-Housing Energy-Efficiency Labeling System (BELS)
Under the Act on the Improvement of Energy Consumption Performance of Buildings (“Building Energy Efficiency Act”), real estate business operators are required to make efforts to display the energy-saving performance of buildings. BELS is a system in which third-party institutions evaluate the energy-saving performance of buildings based on the evaluation standards set by the Ministry of Land, Infrastructure, Transport and Tourism, and the certification rating is given on a five-star scale (★ to ★★★★★).
For details of BELS, please refer to the following website.
Website on BELS: https://www.hyoukakyoukai.or.jp/bels/bels.html
| Property name | Asset type | Location | Total floor area（㎡） | Certification rating | Certified date | |
|---|---|---|---|---|---|---|
| 1 | Urban Center Hakata | Office | Fukuoka-shi, Fukuoka | 3,566.56 | ★★★ | Dec 17, 2021 |
| 2 | Urban Park Miyamaedaira(note 2) | Residence | Kawasaki-shi, Kanagawa | 2,039.17 | ★★ | Dec 24, 2021 |
| ★★ | Dec 24, 2021 | |||||
| Total | 5,605.73 | |||||
| (note 1) | As of Jan 31, 2022 |
|---|---|
| (note 2) | This property consists of two buildings, each with its own certification. |
■CASBEE
CASBEE (Comprehensive Assessment System for Built Environment Efficiency) is a system that comprehensively assesses the quality of a buildings, including evaluating features such as interior comfort and consideration towards scenic aesthetics, in addition to consideration towards the environment such as using materials and equipment that save energy or achieve smaller environmental loads
Please follow the link to see the detailed Comprehensive Assessment System for Built Environment Efficiency
| Property name | Asset type | Location | Total floor area（㎡） | Assessment rating | Certified date | |
|---|---|---|---|---|---|---|
| 1 | Higashi-Kobe Center Building | office | Kobe-shi, Hyogo | 25,740.46 | S ★★★★★ | Jun 30,2022 |
| 2 | Urban Park Daikanyama | Residence | Shibuya-ku, Tokyo | 8,261.29 | A ★★★★ | July 27,2022 |
| 3 | abeno nini (Retail) | Retail | Osaka-shi, Osaka | 4,866.82 | A ★★★★ | August 1,2022 |
| Total | 38,868.57 | |||||
| (Note) | As of August 18, 2022 |
|---|