Enhancement of Environmental Management

Approach and Policies

Group policy (Environment)

Given the understanding set forth in the Group Policy, we are working to raise awareness regarding environmental problems throughout the Group and reduce environmental impact by complying with environmental laws and regulations, conducting supplier management, and obtaining environmental certifications.
We identified the following five matters as particularly important issues, and we are working to step up our initiatives in these areas with our stakeholders including tenant corporations and suppliers throughout the supply chain, such as procurement, company activities, and products and services initiatives.

■ Enhancement of environmental management
■ Responses to climate change
■ Efficient use of water resources
■ Consideration for biodiversity
■ Appropriate resource use and pollution prevention

We also signed the UN Global Compact in May 2019 to further promote responses in these material matters. Based on the principles of the UN initiative, we will support a precautionary approach, such as climate change mitigation, to environmental problems, and proactively fulfill our responsibility to address environmental problems.

Targets and Results


The Group acquires environmental, green building certifications, including DBJ Green Building*1, LEED*2, CASBEE*3, and BELS*4, for new construction and owned properties and meets the following two quantitative targets.

Quantified Targets

Acquisition rate for newly-constructed properties for sale (except for rental housing): 100%
Target percentage of properties owned by Nomura Real Estate Master Fund, Inc. (NMF) with green certification (three stars or more or equivalent to): 70% (by FY2030)


Acquisition Rate of ISO 14001 (coverage rate: 18.6%*)

Company name Name of branches/offices Scope of registered activities Certification organization Certification acquisition date
Nomura Real Estate Partners Co., Ltd. Yokohama Office
Yokohama Business Park offices (A1, A2, A3, C1, C2, and C3 buildings)
Planning and provision of comprehensive building management services (facility management, cleaning, and security) Japan Quality Assurance Organization (JQA) March 5, 2004 (JQA-EM3815)

The net lettable area of the Group as of the end of fiscal 2020, which is 827,737 m2, was used as the denominator, and the floor area of the relevant offices of the Yokohama Business Park, which is 154,103 m2, was used as the numerator.

Acquisition of Green Building Environmental Certification

Type FY2018 FY2019 FY2020
Acquisition rate by business properties for sale (including new development and pending application) 100% 100% 100%

List of Environmental Certifications Acquired (FY2020)

Certification name Property
DBJ Green Building Certification Office buildings PMO Kanda Iwamoto-cho II
PMO Hamamatsu-cho II
PMO Shibuya II
H1O Hirakawa-cho
H1O Shibuya Jinnan
H1O Kanda
Retail facilities MEFULL Urawa
GEMS Kawasaki
GEMS Nakameguro
MEFULL Chitose Karasuyama
GEMS Hiroo
Logistics facilities Landport Ome III (warehouse building)
Landport Shinonome

Acquisition of Energy Rating

Type FY2018 FY2019 FY2020
Number of certifications acquired Nine properties 14 properties 17 properties
Certification name Property
BELS (Building-Housing Energy-efficient Labeling System) 15 properties mentioned above + 2 properties (NOHGA HOTEL Akihabara Tokyo, lease type hotel Kyoto Horikawa)

DBJ Green Building: A certification program developed by the Development Bank of Japan to promote real estate development that contributes to the environment and society.

LEED: A system developed and operated by the U.S. Green Building Council for granting certification to environmentally conscious buildings.

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 independent local municipality assessment programs.

BELS stands for Building-Housing Energy-efficiency Labeling System, which was established by the Ministry of Land, Infrastructure, Transport and Tourism. With this system, a third-party evaluation organization evaluates and certifies energy conservation performance of a building.

Percentages of properties owned by NMF with green certification (three stars or more or equivalent to)

Type of certification Number of properties (buildings) Total floor area (m²) Ratio (%)
Green certification (three stars or more) 60 1,320,739.36 56.3
Total 283 2,347,464.97 100

Note: Green certification (with three stars or more or equivalent to) refers to DBJ Green Building Certification (three stars or more) or BELS Certification (three stars or more), or CASBEE for Real Estate (B+ or higher). The figure is calculated based on the floor area of NMF’s properties, excluding land. The acquisition status (all figures) is as of August 31, 2021.

Environmental Compliance

In fiscal 2020, the Group did not commit any violations of environmental laws and regulations (including pollution and water use) in the manufacture, sale, or management of its products and services. The Group also did not receive any external indications of violations.


Environmental Management System

The Group is increasing the sophistication of its environmental initiatives through the use of an internationally acknowledged environmental management system (EMS).
The Yokohama Office of Nomura Real Estate Partners Co., Ltd. and Yokohama Business Park Offices (A1, A2, A3, C1, C2, and C3 buildings) acquired ISO 14001 certification for their environmental management system and are carrying out various initiatives including waste reduction, resource recycling, and energy-saving measures. At certified offices, annual internal audits as well as audits by external certification organizations are conducted to ensure their compliance with the EMS and environmental laws and regulations and the effectiveness of measures for controlling environmental pollution.

Environmental Management at Suppliers

The Group established the Nomura Real Estate Group Procurement Guidelines and is working to resolve environmental issues with suppliers. In particular, we conduct supplier risk assessments on ten major suppliers to reduce environmental risks through interviews on their compliance with our procurement guidelines. In fiscal 2020, no suppliers were found to pose environmental risks.
Going forward, we will expand the scope of assessment to about 300 suppliers to further strengthen our efforts to reduce environmental risks.

Nomura Real Estate Group Procurement Guidelines (excerpts of environmental sections)

Consideration for the Environment

Endeavor to make continuous improvements for reducing environmental impact 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 properties in accordance with the Design and Construction Standards and the Quality Manual that include specifications for environmental performance.

Click here for details of the Design and Construction Standards and the Quality Manual

Assessment of Environmental Performance in Newly Developed Properties

When developing PROUD condominiums in the Residential Development Business Unit, the Group requires project implementers to submit Environmental and Product Planning Sheets and to improve residential environmental performance and quality. Similarly, when developing office buildings, commercial facilities and logistics facilities in the Commercial Real Estate Development Unit, the Group requires project implementers to submit Sustainability Assessment Sheets and to quantify the environmental performance and quality of each development project.

Environmental and Product Planning Sheets (excerpt)

Description of U-value※1、and BEI-value※2
Description of environmental certification status, energy-saving equipment, and energy-creating equipment
Comprehensively cover safety and security, the environment, community, and health and well-being
Promotion of community design and universal design

U-value: Insulation performance of concrete, thermal insulation materials, sashes, etc.

BEI-value: Energy-saving performance of the entire building, including thermal performance of building envelopes as well as equipment, such as heating and cooling systems and hot water supply systems

Redevelopment of Densely-built Areas of Wooden Houses

Nomura Real Estate Development is carrying out redevelopment taking into consideration the promotion of fireproofing of entire areas by combining and making intensive use of housing lots in districts where wooden houses are densely packed together.
In 2019, in the redevelopment of Ikebukuro subcenter in Toshima-ku, which was designated as a Special Urban Renaissance Urgent Development Area, we improved disaster prevention capability, maintained and constructed roads, newly developed a district square that is open to the community, and built facilities providing support to families raising children, through resolution of dense areas of wooden houses.

Environmental Education

In addition to providing environmental education to all employees every year as part of the rank-specific training programs (the Group’s new employee and key employee training programs), we also publish our environmental initiatives in internal newsletters to promote environmental awareness among our employees. In addition, our Environmental Subcommittee, which consists of the persons in charge of architecture, product design and technology at each Group company, shares information on environmental issues and the latest environmental technologies.

Environmental Subcommittee (as of April 2021)

Officers in charge Officers in charge of Quality Management and Architectural Design, Nomura Real Estate Holdings, Inc.
Departments in charge Residential Product Planning & Marketing Dept., Quality Management Dept., Engineering Management Dept., Architectural Design Office, Architectural Design Management Dept., Nomura Real Estate Development Co., Ltd., Environmental Engineering Dept., Nomura Real Estate Partners Co., Ltd.
Secretariat Sustainability Management Dept., Nomura Real Estate Holdings, Inc.