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ESG Initiatives

LLR's ESG Policy

Investing in our future

LaSalle LOGIPORT REIT’s (“LLR” or “Investment Corporation”) basic philosophy is to increase unitholder value through stable, long-term growth in cash flow and asset value. We believe that the implementation of best practices related to environmental, social and governance matters helps to mitigate risks and contributes to the sustainable improvement of unitholder value and is consistent with the basic philosophy set forth by the Investment Corporation.

ESG objectives

As a member of the LaSalle Group ("LaSalle"), LaSalle REIT Advisors K.K. (“LRA” or “Asset Manager”), the asset management company of the Investment Corporation, strives to achieve the following ESG objectives in accordance with LaSalle’s ESG Policy.
・Reduce the environmental impact of our business
・Reduce the environmental impact of our clients’ real estate holdings
・Exceed local environmental regulations where appropriate
・Drive thought leadership and innovation on sustainable property investments
・Collaborate with clients, tenants, property managers, and other service providers to provide sustainable management of properties

ESG promotion system

Sustainability Promotion Committee

LRA has established a Sustainability Promotion Committee, chaired by the CEO. Meetings are held once a year to formulate ESG-related initiatives and monitor the status of those initiatives. The Sustainability Promotion Committee promotes ESG-related activities in collaboration with LaSalle's Global Sustainability Committee (held 4 times a year) and the Head of Sustainability in the Asia-Pacific region.

Sustainability Promotion Committee

Chairman CEO
Members Head of Acquisitions, Head of Asset Management, Energy Management Planning Officers, and other personnel in charge of day-to-day implementation
Frequency Once a year
Main topics

・Establishment of initiatives based on LaSalle's globally promoted ESG strategy in alignment with the Asset Manager’s fiduciary responsibilities

・Analysis, assessment, and monitoring of climate change risks
・Monitoring of energy consumption, GHG emissions, water consumption, and waste
・Establishment of policy on measures at the property level

Sustainability training

To raise awareness of sustainability and share best practices, LRA conducts annual training for all executives and employees in collaboration with LaSalle's Head of Sustainability for the Asia Pacific region. In 2020, 100% of executives and employees participated in the training.

Incorporating ESG Elements into Performance Reviews

During the annual employee goal setting procedure, LRA requires all officers and employees establish their ESG-related goals. The degree of achievement is reflected as part of the bonus assessment, and outstanding initiatives are also subject to additional internal recognition awards.

Support for ESG Initiatives

Principles for Responsible Investment (PRI)

LaSalle signed and committed to the PRI in 2009. In the annual evaluation by PRI for 2020, LaSalle won the highest A+ rating in the areas of "Strategy and Governance" and "Real Estate.

United Nations Environmental Program Finance Initiative (UNEP-FI)

LaSalle signed the United Nations Environment Program Finance Initiative (UNEP-FI) in 2018. As a member of UNEP-FI’s Property Working Group, LaSalle is working to promote sustainable investment practices.

Task Force on Climate-related Financial Disclosures (TCFD)

LaSalle announced in 2019 its endorsement of the Task Force on Climate-Related Financial Disclosures (TCFD) established by the Financial Stability Board. We are working to disclose information on our exposure to climate-related risks.

ULI Greenprint / Net Zero Carbon x 2050

LaSalle agrees with the "net-zero carbon" goal proposed by ULI Greenprint and announces that LaSalle will substantially eliminate CO2 emissions from its worldwide properties by 2050.