Sustainability
Ⅶ. Green Finance
A. Issuance of Investment Corporation Bond (Green Bond)
ADR believes that the issuing of green bonds will further promote ESG considerations in its asset management and enhance our financing base by broadening our investor universe, especially for investors interested in ESG investment. It is with this belief that ADR issued green bond in 2019.
B.Outline of Green Finance Framework
In order to implement green financing in line with the requirements of the Green Bond Principles 2018 of the International Capital Market Association (ICMA), Green Loan Principles of the Loan Market Association (LMA) and the Asia Pacific Loan Market Association (APLMA) and the 2017 Green Bond Guidelines of Ministry of the Environment of Japan, ADR has formulated a green finance framework. Regarding the eligibility of the green finance framework, ADR has received a “Green 1 (F)” rating, the highest rating, in the JCR Green Finance Framework Evaluation by the Japan Credit Rating Agency, Ltd. (JCR), an institution which assesses green finance.
* Please visit the Green 1 (F)” rating in the JCR Green Finance Framework Evaluation for details.
1.Purpose of funds procured through green finance
Funds procured through green financing shall be allotted to fund the acquisition of assets which meet the eligible criteria (hereinafter referred to as “Eligible Green Assets”), to fund renovation work which meets the eligible criteria or fund the repayment of loans or redemption of investment corporation bonds that initially funded such acquisitions or renovations.
2.Eligible Green Assets
(1) Fund the acquisition of assets
Assets meeting the eligible criteria (Eligible Green Assets) are assets that have acquired or are scheduled to acquire or to be rectified the following certifications.
• 3-star, 4-star or 5-star ratings in DBJ Green Building Certification
• B+, A or S rankings in CASBEE Certification
• 3-star, 4-star or 5-star ratings in BELS Certification
* Please visit the Acquisition of External Certification）for details.
| Property No. | Name |
Rank of evaluation DBJ Green Building Certification |
Date of acquisition of certification |
Book Value of end of 19h period （million yen） | Total Floor Area （㎡） |
|---|---|---|---|---|---|
|
P-50 |
★★★★ | March 4, 2019 | 6,476 | 10,834.93 | |
| P-55 | ★★★★ | March 4, 2019 | 14,616 | 29,561.91 | |
| P-62 | ★★★★ | August 25, 2017 | 6,097 | 11,053.03 | |
|
P-73 |
RESIDIA Shibaura |
★★★ |
July 31, 2019 |
4,336 |
12,540.48 |
|
P-76 |
Park Tower Shibaura Bayward Urban Wing |
★★★★ |
March 4, 2019 |
8,915 |
19,562.07 |
| C-35 | RESIDIA Bunkyo-Otowa |
★★★★ |
January 31, 2020 |
3,039 |
8,163.50 |
|
C-46 |
RESIDIA Mejiro |
★★★ |
July 31, 2019 |
5,986 |
17,417.59 |
|
C-48 |
RESIDIA Nihonbashi-Bakurocho | ★★★ | January 31, 2020 | 4,998 | 9,605.78 |
| C-49 | RESIDIA Suginami-Honancho | ★★★ | January 31, 2020 | 3,521 | 7,561.63 |
| C-55 | RESIDIA Minami-asenjyu | ★★ | July 31, 2019 | 2,302 | 10,537.39 |
| C-65 | RESIDIA TOWER Kami-Ikebukuro | ★★★★ | March 4, 2019 | 7,913 | 40,910.59 |
|
S-20 |
Pacific Royal Court Minato Mirai Ocean Tower |
★★★★ |
March 4, 2019 |
11,098 |
40,527.16 |
|
R-30 |
RESIDIA Izumi |
★★★ |
August 25, 2017 |
3,223 |
10,546.49 |
|
R-42 |
RESIDIA Nishijin |
★★★ |
January 31, 2020 |
2,185 |
9,233.43 |
|
R-53 |
RESIDIA Higashi-zakura II |
★★★ |
July 31, 2019 |
2,894 |
10,944.91 |
|
|
Total of Eligible Green Assets |
|
|
87,609 |
249,000.89 |
(2) Fund renovation work which meets the eligible criteriap
・Construction work and equipment renovation work that contribute to energy conservation and environmental improvement
・Renovation works which meets the eligible criteria are works that aims to reduce energy consumption, CO2 emissions or water consumption by 10% or more.
C. The status of Issuance of Green Bond
ADR Bond #31(Unsecured)
(Special Contract for Specified Bond)(Green Bond)
|
Issue Amount （million yen） |
5,000 |
| Issue Date |
Jul. 24, 2019 |
|
Redemption Date |
Jul. 24, 2024 |
| Coupon Rate | 0.22% |
| Specific Usage |
Repay a loan originally used in the acquisition of RESIDIA TOWER Meguro-Fudoma (DBJ Green Building Certification ★★★★) |
| Remarks | Unsecured & Unguaranteed |
D. Reporting
The fund allocation status and the environmental index of the eligible green assets (as of the end of June each year) are as follows.
1. Total amount of funds raised／Unallocated Procurement Fund Balance
| Total amount of net proceeds | 4,975million yen |
| Unallocated Procurement Fund Balance |
0 yen |
2. Quantitative indicators of RESIDIA TOWER Meguro-Fudomae
|
年度 |
Energy Consumption（MWh） |
GHG Emission （t-CO2） |
Water Usage（m3） |
|---|---|---|---|
|
FY2019 |
632,142 | 335 | 320 |