Environmental Management

Approach and Policies

Targets and Results

Targets, KPIs, and Results

2030 Unit FY2019 FY2020 FY2021 FY2022
Percentage of newly constructed fixed and income-producing properties (excluding rental housing) that acquire environmental certifications (DBJ Green Building*1, LEED*2, CASBEE*3, BELS*4, etc.) each year 100 100 100 100 100
(incl. pending applications)
Percentage of properties owned by Nomura Real Estate Master Fund, Inc. (NMF) with green certification (three stars or more or equivalent to)*5, 6 70 56.3 56.0 58.5

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

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

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.

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 green certification ratio is as of August 31 of the following fiscal year.

The percentages of properties owned by NMF with green certification (with at least three stars or the equivalent) are available at https://www.nre-mf.co.jp/ja/esg/environmental/environmental-performance.html.

Other Results

Unit FY2019 FY2020 FY2021 FY2022
Percentage of properties with ISO 14001 certification*1 16.8 18.6 19.6 22.1
Number of properties with energy performance certification 14 17 16 14
Environmental compliance (material violations of environmental laws and regulations (including pollution and water use) and allegations by outside parties) 0 0 0 0
FY2022 Results
List of properties with DBJ Green Building certification in FY2022 (including pending applications) Office buildings PMO Tamachi III
PMO Tamachi IV
PMOEX Nihonbashi Kayabacho (pending application)
PMO Jimbocho
PMO Hatchobori IV (pending application)
H1O Aoyama (Gaienmae)
H1O Umeda Chayamachi
Logistics facilities Landport Tama
Landport Ageo II
Landport Kyoto Minami
Retail facilities MEFULL Tamachi
MEFULL Kawasaki
Hankyu Tsukaguchi Ekimae
BELS (Building-Housing Energy-efficient Labeling System) in FY2022 13 properties mentioned above+PMOEX Yodoyabashi

The net lettable area of the Group as of the end of each fiscal year 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 Certification acquisition date: March 5, 2004 (JQA-EM3815)
Certification organization: Japan Quality Assurance Organization (JQA) Scope of registered activities: Planning and provision of comprehensive building management services (facility management, cleaning, and security)

ESG Data (Environment)


Environmental Management System

The Group is increasing the sophistication of its environmental initiatives through the use of an internationally acknowledged environmental management system (EMS).
Yokohama Business Park Offices (A1, A2, A3, C1, C2, and C3 buildings) at the Yokohama Division of Nomura Real Estate Partners Co., Ltd. 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 Compliance

In fiscal 2022, the Group did not commit any material violations of environmental laws and regulations (including pollution and water use) in the manufacture, sale, or management of its products and services.

Environmental Management at Suppliers

In accordance with the Nomura Real Estate Group Procurement Guidelines, the Group has distributed its Procurement Guidelines to more than 4,600 suppliers to address environmental issues throughout the supply chain.
In fiscal 2020, we began a questionnaire survey on procurement guidelines. In fiscal 2021, we received survey responses from 89 of our top 200 suppliers (around 80% of the total) as key suppliers and engaged directly with ten companies. We sent out a questionnaire to approximately 300 suppliers, which account for about 80% of our trading volume as key suppliers, in the fiscal year 2022. We receive regular reports on the compliance status with our procurement guidelines based on the responses. Out of the 154 companies that responded, we conducted monitoring meetings (8 on-site visits and 2 web meetings) with 10 companies to confirm their initiatives and promote measures such as improving internal systems and reducing environmental impacts. The monitoring meetings were conducted with the presence of external consultants. After the monitoring meetings, we provided feedback on environmental considerations such as CO2 reduction and waste reduction, as well as methods to prevent forced labor and child labor, and called for their cooperation. Based on the results of the questionnaire and monitoring meetings, we identified traceability in timber sourcing as a risk in the supply chain and have started to assess the actual situation internally. However, no suppliers were found to pose environmental risks at present.

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.
Reduce energy use and greenhouse gas emissions through circular design that reduces waste by extending the life cycles of goods, products, and services. Also strive to efficiently use natural resources, including water, and to optimize and reduce usage.
Endeavor to appropriately manage hazardous chemicals and reduce the amounts used and reduce emissions of pollutants that have adverse effects on the environment and the human body.
Reduce and appropriately manage waste.
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 illegally logged timber, and 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)

• Inclusion of UA-value*1 and BEI-value*2
• Inclusion 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

UA-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

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 2023)

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, Nomura Real Estate Development Co., Ltd., Environmental Engineering Dept., Corporate Planning Dept., Nomura Real Estate Partners Co., Ltd.
Secretariat Sustainability Management Dept., Nomura Real Estate Holdings, Inc.