Nomura Real Estate Asset Management Co., Ltd.Nomura Real Estate Asset Management Co., Ltd.


Sustainability Policy

Sustainability Policy

  1. NREAM recognizes that integration of sustainability activities is indispensable in order to enhance value for unitholders over the medium- to long-term. Based on the Sustainability Policy(Group’s Vision of 2050) of the Nomura Real Estate Group, we will integrate sustainability activities throughout all its real estate investment management services.

    towards a meaningful future for us all

    We, as a fiduciary of investor capital, will keep generating new value by instilling our real estate asset management business with sustainability to ensure the continued preservation of our earth and our society.

    Through our daily efforts in sustainable asset management, we will preserve our environment and bring revitalization to our community, thereby allowing local economies and industries to develop in an enduring way.

    We believe that sustainability is key to our business, as we contribute to building the growth of this society.

    By generating and expanding this sustainability cycle with everyone, we are striving with conviction towards a meaningful future for us all.

  2. Stakeholder

    We believe collaboration with stakeholders is crucial to creating a more meaningful future.

  3. Materiality

    We strive forward with these materiality issues to create a more meaningful future.

  4. 1. Making the foundation to continue our action.
    • 1) Engagement and collaboration

      To improve both economic and social value, we will regularly hold dialogue with stakeholders and collaborate with them.

    • 2) Expand the sustainability cycle through information disclosure

      By disclosing sustainability-related information, we will contribute to the growth of the sustainability cycle.

    • 3) Cultivation of sustainability culture

      We will build effective in-house systems, encouraging personal relevance to each employee in sustainability actions.

  5. 2. Actions focusing on PEOPLE and COMMUNITY
    • 1) Ensuring the safety and security of Real Estate

      To prepare for intensifying natural disasters, we will improve the resiliency of real estate, which is the foundation of society, from both tangible (building facilities) and intangible (maintenance/management) sides.

    • 2) Revitalizing local communities

      We will promote networking and revitalize communities, utilizing its landscape and contribute to building local culture.

    • 3) Diversity and Inclusion

      We aim to foster a more meaningful future, where diverse perspectives and values are embraced, everyone’s dignity is protected, and no one is left behind. In addition, we will maintain a workplace environment where well-being is promoted.

  6. 3. Actions for coexisting with nature
    • 1) Mitigation of global warming

      We will actively improve the energy efficiency and adopt renewable energy in our properties, which aims to meet the ZEB/ZEH standard.
      Our goal is to achieve GHG net zero target by 2050, both in our company and funds.

    • 2) Adaptation to climate change

      We will take measures to deal with both physical risk and transition risk, such as intensified natural disaster and changes in our lifestyles moving toward decarbonized society.

    • 3) Transition to circular economy

      We will always consider the impact on nature and make efforts to realize the circular economy by utilizing water effectively, preserving environment and reducing waste.

Sustainability Promotion Structure

  1. We have in place the following structure to promote initiatives under its Sustainability Policy in a constant and organized manner.

  2. 1. Board of Directors

    Main roles:Formulation and revision of the Sustainability Policy, sustainability promotion rules and other in-house policies and rules

  3. 2. Chief Sustainability Officer

    President and Executive Officer

  4. 3. Sustainability Operating Officer

    Head of NMF Investment Management Group / NPR Operations Manager

  5. 4. Investment Committee

    Chair:President and Executive Officer
    Members: Other Executive Officers and Compliance Officer
    Main roles: Decision making with regard to sustainability targets and measures

  6. 5. Sustainability Promotion Committee

    Chair: Sustainability Operating Officer
    Meeting frequency: Once in a quarter or more as a rule
    Main roles: Formulation of NMF's sustainability targets and measures and the monitoring of achievement status

〈Sustainability Promotion Structure〉
Sustainability Promotion Structure

Sustainability Promotion Manuals

Nomura Real Estate Asset Management Co., Ltd. (NREAM) formulated sustainability promotion manuals to provide basic policies with regard to and clarify procedures for its sustainability promotion initiatives, including those aimed at constantly monitoring and reducing the volume of energy and water consumption and greenhouse gas and waste emissions as well as those aimed at promoting green procurement through external collaboration. Through the distribution of these manuals, NREAM is striving to enhance the effectiveness of its sustainability initiatives.

〈Overview of Sustainability Promotion Manuals〉
Titles Content
Manuals for energy saving, GHG reduction, water saving and waste reduction
  • Basic policies for the constant monitoring of and achieving ongoing reductions in consumption and emission volumes
  • Procedures for the monitoring, management and analysis of consumption and emission volumes and reporting to the Sustainability Promotion Committee
Green procurement manual
  • Additional criteria to be assessed in the course of product and service procurement (energy-saving potential, vendors' efforts to reduce the use of substances leading to environmental pollution, product durability and recyclability and other factors associated with environmental load reduction)
  • Additional criteria to be assessed in the course of the selection and evaluation of suppliers based on their involvement in sustainability initiatives (sustainability promotion structures, collaboration with environmental load reduction, etc.)

Training for Officers and Employees

We aim to empower our officers and employees to play greater roles in sustainability promotion and help raise their sustainability awareness, to this end providing them with special training. At least once a year, these individuals attend training sessions designed to call their attention to the importance of sustainability, address the latest trends in sustainability initiatives and brief them on the status of NMF’s sustainability measures and targets and the progress it has made. These training sessions thus help attendees stay acutely aware of and properly updated about various sustainability issues.