Real Estate Investment Trust Securities Issuer | August 31, 2021 | |
Sekisui House Reit, Inc. | ||
Representative: | Atsuhiro Kida, Executive Director | |
(Securities Code: 3309) | ||
Asset Management Company | ||
Sekisui House Asset Management, Ltd. | ||
Representative: | Toru Abe, | |
Inquiries: | President & Representative Director | |
Nobuyoshi Sato, | ||
Director & Investor Relations Department | ||
Chief Manager | ||
TEL: +81-3-6447-4870 (main) |
Notice Concerning Introduction of Renewable Energy at Owned Property
(Hommachi Minami Garden City)
Sekisui House Reit, Inc. ("SHR") announces its decision to introduce the electricity derived from renewable energy (the "Initiative") in the owned property "Hommachi Minami Garden City" (the "Property") as described below.
1. Overview of the Initiative
Property No. | Property Name | Power supply company | Date of the start of power supply |
O-003 | Hommachi Minami Garden City | Evergreen Marketing Co., Ltd. | September 1, 2021 |
The Initiative is to change the contract for power supply in the Property to the "Evergreen Plan (CO2-Free Plan)", which is provided by Evergreen Marketing Co., Ltd. ("the Contract") so that CO2 emissions from electricity used in the Property will be virtually zero.
Under the Contract, it is intended to reduce CO2 emission factor to zero by combining the use of electricity generated from renewable energy sources (Feed-in Tariff (FIT) electricity) purchased by power supply companies at a fixed price for a certain period of time based on the FIT Scheme for Renewable Energy established for the purpose of promoting the spread of renewable energy, and "Non-fossil certificate (NFC) with tracking" etc., which proves environmental value in electricity made from non-fossil power sources.
The introduction of electricity derived from renewable energy was also implemented in January 2021 at "HK Yodoyabashi Garden Avenue" owned by SHR.
2. Reason for the Initiative
SHR contributes to a sustainable society by conducting real estate investment management with due consideration given to ESG (Environment, Social, and Governance). SHR regards the reduction of CO2 emissions as one of the materiality (important issues), and has set the target (KPIs) of reducing CO2 emissions (intensity) of its portfolio by 20% compared to FY 2018 by FY 2030. The Initiative will be implemented as an effort to achieve the target (KPIs).
SHR continues to promote a variety of initiatives to reduce CO2 emissions.
- Sekisui House Reit, Inc. website:https://sekisuihouse-reit.co.jp/en/
Disclaimer: This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shall prevail.
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Sekisui House REIT Inc. published this content on 31 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2021 06:11:06 UTC.