Environmental, Social & Governance Policy
GLP J-REIT, GLP Group, and GLP Japan Advisors Inc., the asset management company, all share the same approach to sustainability and work together to promote sustainability.
Integrating Sustainability into the Heart of Our Business
As the leading provider of modern logistics facilities to the global logistics real estate market, GLP Group is uniquely positioned to develop best-in-class (highest level) logistics facilities that maximize supply chain efficiency and help meet the needs of domestic consumption-led growth in various countries in a more sustainable way. We are firmly committed to managing our activities throughout the Group to provide the highest level of protection to the environment and to safeguard the health and safety of our employees, customers, and communities. GLP Group can and does have a significant impact on the countries in which we operate.
This ESG Policy Statement is a key confirmation of our overarching commitment to integrating sustainability into the heart of our business practices and is underpinned by our core values and our stated mission to “create best-in-class logistics facilities by maximizing value for all stakeholders including our shareholders, customers and communities in which we live and operate.”
The purpose of this document is to provide a clear leadership position, to initiate consensus across our business, and to deepen the common understanding of GLP Group’s ESG Principles.
This ESG Policy is but one element of GLP Group’s wider sustainability strategy.
Our ESG Principles
We believe that an integrated ESG approach is required to deliver the best benefits to GLP Group and our shareholders. This will be implemented through the following principles:
1. Upholding ethics and corporate integrity as the cornerstones of how we do business at all levels of our company
We maintain a zero-corruption policy across all our operations and take an active role to instill a culture of business integrity and ethical values. Strict written policies detailing the Code of Business Conduct and Ethics underpin this commitment, with all employees required to comply on an annual basis.
2. Embedding material ESG risks and opportunities into decision-making
GLP Group is firmly committed to managing its activities throughout the group to provide the highest level of protection to the environment and to safeguard the health and safety of its employees, customers and communities. We are committed to ensuring that material ESG risks and opportunities are built into investment research, due diligence, selection of investments, and portfolio management.
3. Engaging proactively with stakeholders
Proactive stakeholder engagement allows GLP to understand and respond to local and emerging risks and opportunities in the communities where we operate. We believe that this is key to being a dynamic business and is central to developing long-term value creation.
4. Attracting and retaining talented, motivated employees is vital to our success
GLP Group’s commitment to continuous improvement in its people and projects will see ESG being embedded into our talent management initiatives. We create comprehensive training initiatives and a positive work environment that supports individual growth and development and promotes a healthy, safe and balanced lifestyle. As part of our cultural values, we seek to identify talents both internally and externally and to build our talent pipeline for succession planning.
5. Maximizing supply chain efficiency and meeting the needs of domestic consumption-led growth in our core markets
GLP Group is committed to driving cost- and resource-based efficiency within our supply chain. Regional and national relationships will be established where possible, and we will work closely with our preferred suppliers to support the delivery of developments safely, on budget, on time, and with the lowest environmental impact.
6. Drive performance through evidence
In order to build accountability and transparency, GLP Group recognizes that it needs robust and defensible data metrics. We commit to putting in place the necessary performance and data management systems and processes that support our ESG Policy objectives.
7. Taking the lead in building better communities
As part of GLP Group’s commitment to continuous improvement, we will contribute positively to the debate on green building and wider sustainable development by sharing knowledge with our peers and learning from others. We constantly seek ways to innovate in order to minimize the impacts our projects have on the environment, and strive to make a net positive contribution in the communities where we operate.
8. Creating a culture of entrepreneurial value creation
We constantly seek ways to innovate in order to minimize the impacts our projects have on the environment and make a net positive contribution where we can.
9. Protecting and enhancing the environment across all of our operations
GLP is vigilant about protecting the environment across all of our operations.We will aim to exceed national and local environmental standards relating to our operations. Moreover, we will protect or enhance forested areas through our tree programs.
10. Supporting livelihood opportunities in the communities we work in
Education is an area that needs urgent attention in many of GLP Group’s communities and one that offers the opportunity to make a large impact. GLP is committed to doing its part to support and promote quality education through investment into schools, teacher training and apprenticeships.
11. Promoting Energy Efficiency & Renewables
Energy efficiency is fundamental to GLP Group’s design and operation process. We are committed to optimizing energy use in both the existing stock and new developments. As the continued supply of energy is an increasing concern for some of our growth markets, we will continue to promote the use of renewables in our local communities.
12. Building sustainably certified new developments
GLP is committed to building and operating high-performing developments which meet or are capable of meeting recognized certification standards.
This ESG Policy will be reviewed on an annual basis as our business develops and evolves.