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Policy Regarding ESG

Policy Regarding ESG

 Daiwa Office Investment Corporation (the “Investment Corporation”) will focus on the following items in the asset management for the Investment Corporation judging that emphasizing ESG (Environment, Social and Governance) contributes to the enhancement of the Investment Corporation's medium- to long-term corporate value.

1.Initiatives on Environmental Protection (Environment)
We will proactively promote initiatives on environmental protection such as resource and energy-saving measures such as the introduction of facilities and equipment contributing to environmental protection at the properties owned.
2.Connection to Society (Social)
We will proactively disclose information and fulfill accountability to all of stakeholders through IR activities, etc. We will accomplish social missions of a listed investment corporation by providing high-quality and comfortable residential spaces in partnership.
3.Corporate Governance (Governance)
We will make highly transparent and reasonable decision under the laws and regulations and various rules while being aware of the importance of corporate ethics and compliance.

Daiwa Office Investment Corporation

Implementation of Environments

GRESB awards Daiwa Real Estate Asset Management "Green Star" for the 7th consecutive year from 2012 to 2018

Daiwa Real Estate Asset Management participated in the 2018 "GRESB Real Estate Assessment" by Global Real Estate Sustainability Benchmark (GRESB) for the portfolio of Daiwa Office Investment Corporation and earned the best rating of "Green Star" which makes the award 7th year in a row. Daiwa Real Estate Asset Management received a high evaluation on sustainability from both "Management and Policy" and "Implementation and Measurement" aspects.

GRESB is an industry-led international organization which intends to evaluate sustainability performance of real estate portfolios (including listed funds, private funds and direct investments).

Daiwa Real Estate Asset Management will continue to make efforts to improve sustainability performance.
(For detailed information, please refer to the GRESB website. https://gresb.com/)

GRESB Green Star 2012 GRESB Green Star 2013 GRESB Green Star 2014 GRESB Green Star 2015
GRESB Green Star 2016 GRESB Green Star 2017 GRESB Green Star 2017

Property under the certification based on "CASBEE"

Property Name Location Certification Level Year
Glass City Shibuya 16-28 Nanpeidai, Shibuya-ku, Tokyo A rank (detail) 2012
Shinjuku Maynds Tower 2-1-1 Yoyogi, Shibuya-ku, Tokyo A rank (detail) 2014

Glass City Shibuya and Shinjuku Maynds Tower were awarded "A rank" in CASBEE for Market Promotion (2014 edition) certification system.

Comprehensive Assessment System for Built Environment Efficiency (CASBEE) is a system established under the leadership of Ministry of Land, Infrastructure, Transport and Tourism in 2001 with an aim to comprehensively recognize and assess highly environmental and well-managed real estate properties such as office buildings.

"CASBEE for Market Promotion" was developed for utilization of CASBEE' s building assessment results when making appraisals, and evaluation standards are drawn up so that real estate developers and dealers would be able to utilize CASBEE.

Evaluation items are comprised of five categories of "energy/greenhouse gases," "water," "utilization of sources/safety," "biodiversity/land" and "indoor environment." These are similar to environmental performance evaluation items in LEED, which is a global environmental assessment program.

(For detailed information, please refer to the CASBEE website.)

Property under the certification based on "SMBC Sustainable Building Assessment Loan"

Property Name Location Certification Level
Daiwa Ginza 6-2-1 Ginza Chuo-ku, Tokyo Gold

Daiwa Ginza earned "Gold" because of a high evaluation for "the policy and implementation of sustainable management", "the sustainable utilization of site" and "the risk management", even though Daiwa Ginza is just coming up to 50 years old. Especially Daiwa Ginza is evaluated the following matter.

1) The environmental friendliness is practiced on a company-wide level. And the Investment Corporation started to set the target management of green procurement, waste management and etc. 2) The double skin system introduced with a pioneer sprit at completion was inherited at the major renovation in 2003. Because the double skin system can keep out too much sunlight on the west side, Daiwa Ginza avoids heat island phenomenon, decreases in the use of air-conditioning and has a superb view. 3) Daiwa Ginza was reinforced for the earthquake resistance at the major renovation. As the result, Daiwa Ginza achieved the high earthquake protection like PML: 9% or more and IS: 0.6 or more of each floor. And Daiwa Ginza is provided with for BCP measure by moving heat source equipment and transformation installation from underground to rooftop. 4) Though Daiwa Ginza is a building with a relatively high rate of commercial use, Daiwa Ginza promotes energy saving aggressively.

Daiwa Ginza Gold

Location 6-2-1 Ginza Chuo-ku, Tokyo
Total Floor Area 12,660.06m2
Structure SRC
Number of Floors B3/12F
Completion July 23, 1963
Property Name Location Certification Level
E SPACE TOWER 3-6 Maruyamacho Shibuya-ku, Tokyo Silver

E SPACE TOWER earned "Silver" because of a high evaluation for "Policy and Implementation of Sustainable Management", "Sustainable site performance", "Indoor environment" and "Water-saving".

E SPACE TOWER Silver

Location 3-6 Maruyamacho Shibuya-ku, Tokyo
Total Floor Area 18,145.04m2
Structure S/SRC
Number of Floors B1/15F
Completion October 31, 2002

Please refer to SMBC website, for detailed information

Property under DBJ Green Building Certification

Property Name Location Certification Level
Shinjuku Maynds Tower 2-2-1 Yoyogi, Shibuya-ku, Tokyo ★★★★

Shinjuku Maynds Tower was evaluated for improving its building habitability by introducing various environmental and energy conserving technologies while providing a lot of restaurants, stores, clinic and etc.

DBJ Green Building 4 stars

Location 2-2-1 Yoyogi, Shibuya-ku, Tokyo
Total Floor Area 97,978.74m2
Structure S/SRC
Number of Floors B3/34F
Completion September 26, 1995

<Reference> DBJ Scoring Model

The Development Bank of Japan (DBJ) assigns one of five ranks of certification using a scoring model originally developed by DBJ for green buildings as real estate properties evincing high environmental and social awareness-more specifically.

Please refer to DBJ website, for detailed information

Property under BELS evaluation

Daiwa Jimbocho, Daiwa Kayabacho Building and shinyon curumu have newly acquired a “Building Energy-efficiency Labeling System(BELS)” evaluation of “★★★”, “★★”and “★” respectively.

The Ministry of Land, Infrastructure, Transport and Tourism established “The guideline on evaluation of energy efficiency performance on buildings except housing (2013)” to improve energy conservation in non-residential buildings in Japan and to indicate appropriate information provision in the real estate market, etc.
BELS is a system to evaluate and indicate energy conservation performance and other related matters of non-residential buildings based on these guidelines. The evaluation is given according to a scale of one star “★” to five stars “★★★★★”.

Property Name Address Evaluation(Note) Acquisition Date
of Evaluation
Daiwa Jimbocho 2-4-63 Kanda-Jimbocho, Chiyoda-ku, Tokyo ★★★ March 3, 2016

(Note)Evaluator: The Building Center of Japan

Number of Floors B1/8F
Completion March 21, 1997
Total Floor Area 4,247.18㎡
Property Name Address Evaluation(Note) Acquisition Date
of Evaluation
Daiwa Kayabacho Building 1-1-11 Nihombashi-Kayabacho, Chuo-ku, Tokyo ★★ March 3, 2016

(Note)Evaluator: The Building Center of Japan

Number of Floors B1/8F
Completion April 30, 2010
Total Floor Area 5,843.65㎡
Property Name Address Evaluation(Note) Acquisition Date
of Evaluation
shinyon curumu 4-2-23 Shinjuku,Shinjuku-ku, Tokyo March 3, 2016

(Note)Evaluator: The Building Center of Japan

Number of Floors B2/11F
Completion January 25, 2012
Total Floor Area 9,234.99㎡

※Please refer to BELS website, for detailed information

MUFG ESG Rating Certificate for J-REIT supported by JCR

Daiwa Office Investment Corporation was collectively granted the rank of "A" in "MUFG ESG Rating Certificate for J-REIT supported by JCR" by MURC. This rating intends to evaluate J-REITs' initiatives and implementations on ESG (E: Environmental, S: Social, G: Governance) issues based on the items originally selected by MURC with services provided by JCR. It assigns the rank to each J-REIT that applies the evaluation and provides the feedback for improvement.

Please refer to MURC's website for detail the certificate. (Japanese only)