Green Finance

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 and 2021.

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

Rank of evaluation DBJ Green Building Certification

Date of acquisition of certification

Book Value of end of 19h period (million yen) Total Floor Area (㎡)

T-035

RESIDIA Nishi-Azabu

- A March 3, 2022 6,406 10,834.93

T-038

RESIDIA Roppongi-Hinokichokoen

★★★★ - January 28, 2021 3,523 6,269.11
T-039

RESIDIA TOWER Meguro-Fudomae

- S March 3, 2022 14,337 29,561.91
T-044

RESIDIA TOWER Azabujuban

★★★★ - August 26, 2020 6,028 11,053.03

T-054

RESIDIA Shibaura

-

A

July 29, 2022

4,230

12,540.48

T-056

RESIDIA Yutenji

★★★

-

July 28, 2021

4,979

5,846.64

T-057

Park Tower Shibaura Bayward Urban Wing

-

A

March 3, 2022

8,984

19,562.07

T-064

RESIDIA TOWER Nakameguro

★★★★

-

January 28, 2021

3,433

5,594.51

T-065

RESIDIA Sasazuka II

★★★

-

January 28, 2021

3,574

5,504.20

T-087

RESIDIA Ichigaya-Sadohara

★★★

-

July 31, 2020

4,234

7,549.82

T-093 RESIDIA Kamata

★★★

-

January 28, 2021

2,040

5,637.66

T-103 RESIDIA Kinshicho

★★★★

-

January 28, 2021

3,875

5,622.99

T-120 RESIDIA Bunkyo-Otowa

★★★★

-

January 31, 2020

2,965

8,163.50

T-131

RESIDIA Mejiro

-

A

July 29, 2022

5,863

17,417.59

T-133

RESIDIA Nihonbashi-Bakurocho ★★★ - January 31, 2020 4,906 9,605.78
T-134 RESIDIA Suginami-Honancho ★★★ - January 31, 2020 3,485 7,561.63
T-140 RESIDIA Minami-asenjyu - S July 29, 2022 2,198 10,537.39
T-150 RRESIDIA TOWER Kami-Ikebukuro - S(Tower)
A(Park)
March 3, 2022 7,529

29,454.37

4,081.05

T-170 RRESIDIA Shin-Okachimachi II ★★★ - July 31, 2020 4,642 6,755.68

S-20

Pacific Royal Court Minato Mirai Ocean Tower

-

A

March 3, 2022

10,507

40,527.16

R-30

RESIDIA Izumi

★★★★

-

August 26, 2020

3,144

10,546.49

R-42

RESIDIA Nishijin

★★★

-

January 31, 2020

2,106

9,233.43

R-53

RESIDIA Higashi-zakura II

-

A

July 29, 2022

2,812

10,944.91

 

Total of Eligible Green Assets

 

 

 

115,808

290,203.37

 (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

名称

Issue Date

Redemption Date

Issue Amount

(million yen)

Total amount of
net proceeds

Unallocated Procurement
Fund Balance

ADR Bond #31(Unsecured)

Jul. 24, 2019 Jul. 24, 2024 5,000 4,975 -

ADR Bond #34(Unsecured)

Oct. 25, 2021 Oct. 25, 2021 1,000 991 -

ADR Bond #35(Unsecured)

Oct. 25, 2021 Oct. 24, 2036 1,600 1,586 -

D. Reporting

The environmental index of the eligible green assets (as of the end of June each year) is as follows.

1. Quantitative indicators of RESIDIA TOWER Meguro-Fudomae

年度

Energy Consumption(MWh)

GHG Emission (t-CO2)

Water Usage(m3)

FY2020

557.089 306 405

E. Release