Green Finance
Ⅷ. Green Finance
A. Implementation of Green Finance
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. With this belief, ADR has developed a Green Finance Framework in 2019 and is implementing Green Finance.
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 25h period （million yen） | Total Floor Area （㎡） |
|---|---|---|---|---|---|---|
|
T-035 |
- | A | March 3, 2022 | 6,363 | 10,834.93 | |
|
T-038 |
★★★★ | - | January 28, 2021 | 3,501 | 6,269.11 | |
| T-039 | - | S | March 3, 2022 | 14,326 | 29,561.91 | |
| T-044 | ★★★★ | - | August 26, 2020 | 5,977 | 11,053.03 | |
|
T-054 |
RESIDIA Shibaura |
- |
A |
July 29, 2022 |
4,174 |
12,540.48 |
|
T-056 |
RESIDIA Yutenji |
★★★ |
- |
July 28, 2021 |
5,076 |
5,846.64 |
|
T-057 |
Park Tower Shibaura Bayward Urban Wing |
- |
A |
March 3, 2022 |
8,899 |
19,562.07 |
|
T-064 |
RESIDIA TOWER Nakameguro |
★★★★ |
- |
January 28, 2021 |
3,397 |
5,594.51 |
|
T-065 |
RESIDIA Sasazuka II |
★★★ |
- |
January 28, 2021 |
3,540 |
5,504.20 |
|
T-087 |
RESIDIA Ichigaya-Sadohara |
★★★ |
- |
July 31, 2020 |
4,218 |
7,549.82 |
| T-093 | RESIDIA Kamata |
★★★ |
- |
January 28, 2021 |
1,997 |
5,637.66 |
| T-103 | RESIDIA Kinshicho |
★★★★ |
- |
January 28, 2021 |
3,838 |
5,622.99 |
| T-120 | RESIDIA Bunkyo-Otowa |
- |
A |
January 30, 2023 |
2,920 |
8,163.50 |
|
T-131 |
RESIDIA Mejiro |
- |
A |
July 29, 2022 |
5,801 |
17,417.59 |
|
T-133 |
RESIDIA Nihonbashi-Bakurocho | - | A | January 30, 2023 | 5,041 | 9,605.78 |
| T-134 | RESIDIA Suginami-Honancho | - | A | January 30, 2023 | 3,515 | 7,561.63 |
| T-140 | RESIDIA Minami-asenjyu | - | S | July 29, 2022 | 2,136 | 10,537.39 |
| T-150 | RRESIDIA TOWER Kami-Ikebukuro | - | S(Tower) A(Park) |
March 3, 2022 | 7,322 |
29,454.37 4,081.05 |
| T-170 | RRESIDIA Shin-Okachimachi II | ★★★ | - | July 31, 2020 | 4,608 | 6,755.68 |
|
S-20 |
Pacific Royal Court Minato Mirai Ocean Tower |
- |
A |
March 3, 2022 |
10,213 |
40,527.16 |
|
R-30 |
RESIDIA Izumi |
★★★★ |
- |
August 26, 2020 |
3,102 |
10,546.49 |
|
R-42 |
RESIDIA Nishijin |
- |
A |
January 30, 2023 |
2,066 |
9,233.43 |
|
R-53 |
RESIDIA Higashi-zakura II |
- |
A |
July 29, 2022 |
2,780 |
10,944.91 |
|
|
Total of Eligible Green Assets |
|
|
|
114,822 |
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. Appropriation of Funds
1. Green Bond
|
Bonds |
Issue Date |
Redemption Date |
Issue Amount （million yen） |
Appropriation of Funds |
Fund Appropriation Target (Property No.) |
|---|---|---|---|---|---|
|
ADR Bond #31(Unsecured) |
Jul. 24, 2019 | Jul. 24, 2024 | 5,000 | Appropriated | T-039 |
|
ADR Bond #34(Unsecured) |
Oct. 25, 2021 | Oct. 25, 2021 | 1,000 | Appropriated | S-020 |
|
ADR Bond #35(Unsecured) |
Oct. 25, 2021 | Oct. 24, 2036 | 1,600 | Appropriated | S-020 |
2. Green Loan
D. Reporting
The environmental index of the eligible green assets (as of the end of June each year) is as follows.
1. Quantitative indicators (Water consumption, GHG emissions, etc.) in FY 2021
|
Property No. and Name |
Energy Consumption（MWh） |
GHG Emission （t-CO2） |
Water Usage（m3） |
|---|---|---|---|
| 602 | 267 | 401 | |
| S-020 Pacific Royal Court Minato Mirai Ocean Tower | 30,268 | 1,033 | 444 |