Global One Real Estate Investment Corp

Lobbying Governance

AI Extracted Evidence Snippet Source

In order to continuously and systematically pursue initiatives based on its ESG policy, GAR has established an ESG Promotion Council that discusses measures to address climate change as a key ESG-related issue. The council members primarily comprise the executive officers and general managers of relevant departments, with GAR's President as the top officer. As a general rule, it holds meetings at least four times a year to discuss ESG-related policies, targets, actions plans, and key matters, as well as sharing information about the verification of ESG-related progress, assessment and analysis etc. Moreover, with regard to activity reporting and future plans relating to ESG, including measures to address climate change, it reports the implementation status of initiatives to GAR's Board of Directors once per year and also reports on ESG-related budgets and initiatives to GOR's Board of Directors three times per year as a rule. Based on this system, initiatives to address climate-related issues are supervised by GAR's Board of Directors and GOR's Board of Directors. [...] GAR selectively lists GOR's climate-related transition risks and physical risks in the "Qualitative Climate Change-Related Assessment (Risks and Opportunities, Financial Impacts, Countermeasures)" included in the previous "Strategy" section, and the validity of each item is discussed and verified by the ESG Promotion Council (once a year, as a general rule). Furthermore, these are positioned as key items within the overall ESG-related risks and are managed and monitored (once a year, as a general rule). According to circumstances, the items will also be revised as needed. In particular, for greenhouse gas (GHG) emission reductions, GAR monitors the status of implementing energy-saving countermeasures, etc. for reaching the targets and the progress of reduction figures, and if required, it considers revising the targets or implementing additional countermeasures. In tandem with this, it will also consider implementing measures to improve the resilience of properties owned by GOR in order to address the anticipated increased severity of natural disasters (flooding due to heavy rains, typhoons, sea level rise, etc.).

https://www.go-reit.co.jp/en/esg/environment.html