CSR | EnvironmentEnhancing Environmental Management

Approach and Policies

As environmental problems including climate change, depletion of natural resources, and destruction of ecosystems become increasingly severe, international frameworks such as the Paris Agreement and the Sustainable Development Goals (SDGs) have been launched and responding to environmental problems has become an urgent social issue.
The Nomura Real Estate Group enjoys various benefits obtained from the natural environment through the real estate business and urban development but also imposes certain burdens on the environment through its business activities. In addition, the Group interacts with various customers including residents, tenant corporations, and facility users over the long term, and consequently we are aware that responding to environment problems that have substantial impact on the lives and business of customers is an important duty of the Group.
It is based on this understanding that the Group established the Nomura Real Estate Group Environmental Philosophy. We are working to raise awareness of environmental problems throughout the Group and reduce environmental impact by complying with environmental laws and regulations, conducting supplier management, and obtaining environmental certifications.
As a result of deliberations by the CSR Committee during fiscal 2017, we identified the following five matters as particularly important issues, and we are working to step up our initiatives in these areas.

  • Enhancing Environmental Management
  • Responses to climate change
  • Use water resources efficiently
  • Show consideration for biodiversity
  • Use resources appropriately and prevent pollution

Nomura Real Estate Group Environmental Philosophy

Nomura Real Estate Holdings established the Nomura Real Estate Group Environmental Philosophy as a guide for Group environmental measures. Based on the Philosophy, the Group works in concert to address environmental issues and contribute to the realization of a sustainable society.

Nomura Real Estate Group Environmental Philosophy

The Group believes that it has a duty to society to help pass the current natural environment down to future generations. In accordance with that belief, we are working to create communities and spaces in harmony with the environment, and we are pursuing the realization of ideal environmental quality.

Management

Management Structure

We are taking measures to improve group-wide environmental management under the leadership of Nomura Real Estate Holdings executive vice president and Group COO.
In addition, the CSR Committee, which comprises Nomura Real Estate Holdings and Group company directors and others and is chaired by the Nomura Real Estate Holdings executive vice president, deliberates on and decides related policies and action plans.
Starting in fiscal 2018, environmental management targets were set, and the Committee monitors progress.

Targets

The Group seeks to obtain environmental, green building certifications for new construction and owned properties (DBJ Green Building,*1 LEED,*2 and CASBEE*3).

*1 DBJ Green Building
A certification program development by the Development Bank of Japan to promote real estate development that considers environmental performance, disaster preparedness, and security as well as social needs from diverse stakeholders.
*2 LEED
A system developed and operated by the U.S. Green Building Council for granting certification to environmentally-conscious buildings.
*3 CASBEE, or Comprehensive Assessment System for Built Environment Efficiency, includes the certification program administered by the Institute for Building Environment and Energy Conservation (IBEC) and local assessment programs such as CASBEE Kawasaki, which are tailored and administered by local governments.

Environmental Management System

The Yokohama Office of Nomura Real Estate Partners Co., Ltd. acquired certification under ISO 14001, an international environmental management system, and is carrying out various initiatives including waste reduction, resource recycling, and energy-saving measures.

CSR Procurement Guidelines Established

The Group established the Nomura Real Estate Group CSR Procurement Guidelines.The Group will continue its efforts with suppliers to address environmental issues.

Nomura Real Estate Group CSR Procurement Guidelines (excerpts of environmental sections)】
Consideration for the Environment
  • Endeavor to make continuous improvements for reducing environmental impacts in order to build a sustainable society.
  • Comply with environmental laws and regulations in the countries and regions where your business activities are carried out.
  • Endeavor to reduce emissions of greenhouse gases and contaminants and conserve resources through the life cycles of goods, products, and services.
  • Endeavor to appropriately manage hazardous chemicals and reduce the amounts used.
  • Endeavor to reduce and appropriately manage waste.
  • Endeavor to implement development and greening, taking into consideration the surrounding environment and biodiversity.
  • When procuring raw materials, take into consideration the conservation of biodiversity and sustainable use of resources.In particular, when procuring wood and wood products, take due care not to use illegal logged timber and endeavor to use wood that has been produced by sustainable methods, such as recycled wood and certified wood.

Environmental Responses in the Design and Construction Stages

The Group undertakes environmental responses in the design and construction phases of condominiums, leased offices, and other structures in accordance with the Design and Construction Standards and the Quality Manual.

Details of the Design and Construction Standards and the Quality Manual can be found here.

Assessment of Environmental Performance in Condominiums

When developing PROUD condominiums, the Group requires project implementers to submit Environmental Assessment and Challenge Sheets and to improve residential environmental performance and quality.Revisions were made in fiscal 2017 to reinforce responses to social and environmental problems.

Details of revisions (excerpts)】
  • Statement of primary energy consumption
  • Set a target of acquiring at least BELS★★★*
  • Comprehensively cover the four key themes for CSR: Safety/Security, the Environment, Community, and Health and Well-being
  • Promotion of community design and universal design

    *BELS stands for Building-Housing Energy-efficiency Labeling System, which was established by the Ministry of Land, Infrastructure, Transport and Tourism

Performance

Promotion Measures

Fiscal 2017 performance against the set targets was as set forth below.

*Unless otherwise indicated, the reporting scope is the Group.

Acquisition of Green Building Environmental Certification

Acquisition rate of green building certification for newly-constructed properties
Type FY 2017
Acquisition rate by newly-constructed office buildings, retail facilities, logistics facilities, and condominiums 100%
List of Environmental Certifications Acquired (FY 2017)
Certification name Property
DBJ Green Building Office Buildings】
PMO Shibuya, PMO Tamachi Higashi, PMO Higashi-Shinbashi, PMO Hatchobori Shinkawa, PMO Kyobashi Higashi
Retail Facilities】
GEMS Ebisu, GEMS Kayabacho, GEMS Jingu-Mae, GEMS Sangenjaya
Logistics facilities】
Landport Takatsuki
Rental housing】
PROUD FLAT Monzen-nakacho, PROUD FLAT Miyazakidai
LEED Landport Takatsuki

Environmental Compliance

In fiscal 2017, the Group did not commit any violations of environmental laws and regulations in the manufacture, sale, or management of its products and services. The Group also did not receive any external indications of violations.