Environmental Activities (E)

Green Building Certifications

GLP J-REIT intends to pursue third-party green building certification to improve the objectivity and reliability of its efforts to reduce the environmental impact of its properties and to solve environmental problems by operating modern logistics facilities. The table below shows the current percentage of green building certifications in our portfolio. We plan to increase the percentage of green certifications (top 3 ranks or higher*) in our portfolio (based on total floor area) to 90% or higher by 2025.

In principle, GLP Japan Inc. intends to obtain environmental certification for all of its development properties. In addition to acquiring such high environmental performance properties, GLP J-REIT will improve the environmental performance of properties acquired from third parties through renovation and other measures to obtain environmental certification. Through these efforts, we aim to achieve environmental certification for the entire portfolio in the medium to long term.

The proportion of green building certification (3rd level from the top or above *)

This table can be scrolled sideways.

Number of Green Certified Assets Proportion of Green Certified Assets
(based on total floor area)
Proportion of Green Certified Assets
(based on Purchase Price)
72 properties 91.3% 90.5%

This table can be scrolled sideways.

BELS certification CASBEE certification LEED certification
31 properties 50 properties 2 property

BELS and ZEB

BELS is a third-party certification in Japan which represents energy-saving performance of buildings. Real estate companies are required to display energy-saving performance of buildings based on the Improvement on Energy Consumption Performance of Buildings Act (“Building Energy Efficiency Act”) after April 2016. BELS is evaluated based on the guidelines for display of energy saving performance for buildings which the display method is defined. The evaluation is represented with seven-star ratings (from no star to six stars) after April 2024 while it was represented with five-star ratings (from one star to five stars) before April 2024.
Net Zero Energy Building (“ZEB”) is a building that aims at zero energy balance with considerably reduced annual energy consumption by saving as much energy as possible via better heat insulation, solar shading, natural energy and high-efficiency equipment, coupled with creating energy by photovoltaic power generation (or other energy generating methods), while maintaining a comfortable environment. Since the Building Energy Index (BEI), which is used for BELS evaluation, is also used for ZEB evaluation, it is possible to display ZEB evaluation in BELS evaluation. ZEB evaluation can be indicated with four levels, "ZEB," "Nearly ZEB," "ZEB Ready," and "ZEB Oriented," depending on the zero energy achievement status.

For details about BELS and ZEB, please refer to the URL below.

BELS and ZEB certifications

GLP Kitamoto : ★★★★★★

GLP Atsugi II : ★★★★★

Properties with BELS certification

CASBEE

CASBEE (Comprehensive Assessment System for Built Environment Efficiency) is a comprehensive rating system provided by the Institute for Building Environment and Energy Conservation (IBEC), a non-profit organization supervised by the Japanese government, which assesses and evaluates buildings' environmental functions based on various factors including environmentally friendly construction materials and workplace comfort/amenities, and how the building complements the local community and environment. CASBEE Certifications are based on a five-scale system ("Rank S (excellent)," "Rank A (very good)," "Rank B+ (good)," "Rank B- (slightly inferior)" and "Rank C (inferior)") for buildings that have been completed for more than one year.

CASBEE

GLP Yokohama : S Rank

GLP Osaka : S Rank

Properties with CASBEE certification

LEED

LEED (Leadership in Energy & Environmental Design) was developed and operated by the U.S. Green Building Council (USGBC), the non-profit and reviewed by GBCI for certification, and a system for evaluating the environmental performance of built environments (building and urban environments)
In order to receive LEED certification, you must meet the mandatory requirements for each certification system (Building Design and Construction (BD+C), Interior Design and Construction (ID+C), Operation and Maintenance of Existing Buildings (O+M), Neighborhood Development (ND), and Housing (HOMES)), and earn points for selected items. Based on the number of points achieved, a project earns one of four LEED rating levels: Platinum (80+ points), Gold (60-79 points), Silver (50-59 points), and Standard Certification (40-49 points).

LEED

GLP Zama:Platinum

Properties with LEED certification

Other certifications

Certified by Kanagawa Prefecture as an environmentally sustainable urban development project

Kanagawa Prefecture certifies private urban development projects that meet the environmental sustainability standards established by the government.

CASBEE GLP 厚木

CASBEE GLP 厚木

GLP Atsugi II

  1. GLP Atsugi II has been certified by Kanagawa Prefecture for the development project as an environmentally sustainable urban development project.
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