We at Kenedix Residential Next Investment Corporation and Kenedix Real Estate Fund Management, Inc. practice environmental awareness in conducting investment management by establishing the environmental policies stated below and proactively utilize environmental certification and assessment systems conducted by external assessment organizations.
1.Compliance with Environmental Laws and Regulations
We promote investment management with environmental awareness, in compliance with environmental laws and regulations.
2.Promotion of Energy Conservation Measures
Recognizing the importance of resources and energy, we promote systematic endeavors for energy conservation measures at the real estate properties we manage.
3.Reduction of Environmental Burdens
Intending to reduce the burdens on the environment, we endeavor to take measures for reducing GHG (Greenhouse gas), water consumption and wastes as well as promoting recycling, etc.
We also fully exercise caution in handling hazardous substances and environmental pollutants.
4.Challenge to achieve net zero GHG emissions
Achieving Net Zero, we have established long-term targets for reducing GHG emissions and will work both internally and externally.
5.Disclosure of Environmental Information
We endeavor to disclose necessary information, such as our environmental policies and the status of our environmental initiatives, to a variety of stakeholders including unitholders, tenants and business partners.
6.Environmental Education and Enlightenment
We endeavor to enhance environmental awareness of our officers and employees by internally implementing environmental education and enlightenment programs.
Established on January 26, 2016
Revised on March 15, 2023
Kenedix Residential Investment Corporation
Kenedix Real Estate Fund Management, Inc.
Sustainability Promotion Structure
The initiatives for sustainability are promoted under the leadership of the Sustainability Committee established in the Asset Management Company.
The Sustainability Committee gathers, analyzes, and examines the policies and targets, activity plans and various initiatives, matters related to risk management, and other important matters related to sustainability or ESG for the Investment Corporation and the Asset Management Company, and shares them with related parties, with the aim of promoting initiatives for sustainability and ESG-related matters. The committee meets in principle, every 3 months, and the content reviewed is also reported to the Asst Management Company’s Board of Directors with an independent external member, and to the Investment Corporation’s Board of Directors with independent supervisory directors.
The Sustainability Committee is composed of the President & CEO (Chief Sustainability Officer), who is the Chair of the Sustainability Committee, and as members, the committee is composed of full-time directors, the Head of Strategic Planning Department, the General Managers of Strategic Planning Department, who are in charge of each REIT Department, the Head of Sustainability Office, the Head of Strategic Planning and the Head of Asset Management Division, who are in charge of each REIT Department, the Head of Finance & Accounting Division and the Head of Coporate Administration Department.
In addition, the Head of Sustainability Office also serves as a member of the Public Relations and Sustainability Department of Kenedix, Inc., the parent company of the Asset Management Company. Under the unified policy of the entire Kenedix Group, an organizational structure has been established to promote initiatives related to sustainability and ESG across the board.
Kenedix Group Materiality (Material issues)
The Investment Corporation and the Asset Management Company share the materials (Material issues) set by Kenedix, the parent company of the Asset Management Company.
Kenedix Group will make commitment to find solutions to these issues both in business and society by making initiatives that reflect the opportunities and risks associated with each issue. Furthermore, we intend to contribute to achieving the SDGs by carrying measures for our materiality.
Material issues of the Kenedix Group
|Key areas and applicable SDGs
|Contribution to a sustainable environment
||Reduction of energy consumption and CO2 emissions
||Reduction of water consumption and waste materials
|Collaboration with tenants for environmental initiatives
|Commitment to a diverse society
||Providing properties with environmental and social considerations
||Improving resilience/climate adaptation
|Initiatives for an aging society
||Continuous improvement of customer satisfaction
|Managing conflicts of interests
|Attractive working environment
||Recruiting, employee retention and career advancement
||Health and wellbeing of employees
|Diversity and equal opportunities
|Commitment to responsible investments