Environment

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

Environment Social Governance

Environmental Management

Category	Item	Unit	FY22/3 results	FY23/3 results	FY24/3 results	FY25/3 results
Green Building Environmental Certification	Acquisition rate of green building certifications for newly constructed fixed assets and income-producing properties (excluding rental housing) each year, including DBJ Green Building^1, LEED^2, CASBEE^3, and BELS^4	％	100	100	100	100
Green Building Environmental Certification	Number of Green Environmental Certifications acquired by new business property for sales (including pending applications)	Cases/Certifications	15	13	19	7
Green Certification Rate	Percentage of properties owned by Nomura Real Estate Master Fund, Inc. (NMF) with green certification (at least three stars or the equivalent)^*5	％	56.0	58.5	56.4	65.4
Environmental Management System	Acquisition rate of ISO 14001^*6	％	19.6	22.1	22.7	20.2
Energy Performance-related Environmental Certification	Number of energy performance-related environmental certifications acquired	Cases/Certifications	16	14	19	7
Environmental compliance	Environmental compliance (e.g. serious violations of environmental laws and regulations (including pollution and water use) and accusations from external parties)	Cases/Certifications	0	0	0	0

*1
A certification system, run by the Development Bank of Japan, for promoting real estate that contributes to the environment and society.
*2
A certification system developed and run by the U.S. Green Building Council (USGBC). Certification is granted to environmentally sound buildings.
*3
A comprehensive assessment system for the environmental efficiency of buildings. It includes a certification system run by the Institute for Built Environment and Carbon Neutral for SDGs (IBECs) and others, as well as assessment systems by local governments.
*4
A building energy efficiency performance labeling system established by the Ministry of Land, Infrastructure, Transport and Tourism. The energy efficiency of properties and housing is evaluated and certified by a third-party assessment organization.
*5
Green certification (with at least three stars or the equivalent) refers to DBJ Green Building Certification (at least three stars) or BELS Certification (at least three stars), or CASBEE for Real Estate (B+ or higher). The figure is calculated based on the gross floor area of NMF’s properties, excluding land. The green certification rate is as of August 31 of the following fiscal year.
*6
The net lettable area of the Group as of the end of each fiscal year is used as the denominator, and the floor area of the relevant offices of the Yokohama Business Park 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)

Scope of data reported (percentage of properties owned by NMF with green certification (at least three stars or the equivalent)^*1

Target	Number of properties	Gross floor area (m²)
Green certification (at least three stars or the equivalent)	80	1,601,427
Total	272	2,449,293

*1
Figures are as of April 4, 2025.

Decarbonization

Category	Item	Unit	FY22/3 (former standards)	FY23/3 (former standards)	FY24/3 (new standards)	FY25/3 (new standards)
Greenhouse gas emissions	Scope 1 emissions^1^2	kt-CO₂	21	23	24	27
	Scope 2 emissions^1^2		107	74	27	38
	Scope 1+2 emissions		129	98	51	65
	Scope 1+2 emission intensity (CO₂ emissions / Scopes 1 and 2 gross floor area by use)	kg-CO₂/m²	61.9	47.9	28.0	29.0

Category	Item		Unit	FY22/3 (former standards)	FY23/3 (former standards)	FY24/3 (new standards)	FY25/3 (new standards)
Greenhouse gas emissions	Scope 3 emissions^1^2		kt-C0₂	2,167	2,075	2,116	2,068
		1. Products and services purchased		702	698	773	816
		2. Capital goods		159	111	164	519
		3. Fuel- and energy-related activities that are not included in Scopes 1 and 2		24	24	18	19
		4. Transportation and delivery (upstream)		4	6	7	―
		5. Waste generated by businesses		7	11	15	12
		6. Business trips		0^*3	1	1	1
		7. Employee commuting		1	1	1	2
		8. Lease assets (upstream)^*4		―	―	―	―
		9. Transportation and delivery (downstream)		―	―	―	―
		10. Processing of products sold		―	―	―	―
		11. Use of products sold		1,214	1,170	1,054	617
		12. Disposal of products sold		38	38	50	39
		13. Lease assets (downstream)		13	12	31	33
		14. Franchise		―	―	―	―
		15. Investments		―	―	―	6
Energy consumption	All		MWh	379,428	382,231	270,424	318,420
	Asset-specific energy consumption	Office buildings		189,086	165,019	90,327	103,272
		Fitness facilities		74,705	73,926	69,339	65,285
		Commercial facilities		74,607	99,849	72,058	74,059
		Hotels		9,904	17,257	15,419	43,910
		Logistics facilities		2,360	2,420	0	133
		Parking lots		198	194	191	185
		Training centers		52	61	66	66
		Heating and cooling centers		28,516	23,503	23,022	32,806
	Energy type-specific energy consumption	Purchased electricity		220,740	219,214	101,027	125,790
		City gas		116,840	122,258	127,099	146,278
		LPG		436	232	92	633
		Class A heavy oil		1,303	718	509	858
		Gasoline		0	1	1	0
		Diesel		4	34	18	19
		Kerosene		2,779	2,045	2,332	6,274
		Heat		―	―	―	1,300
		Steam		18,119	17,821	17,276	15,633
		Cold water		19,208	19,908	22,067	22,930
	Renewable energy (in-house power generation)			7,882	68,824	130,705	81,860
		Office buildings		6,230	50,533	43,603	51,633
		Fitness facilities		―	1,348	1,283	1,356
		Commercial facilities		975	11,577	29,547	17,699
		Hotels		677	5,223	5,363	10,859
		Logistics facilities		―	143	190	125
		Parking lots		―	―	―	185
		Training centers		―	―	―	0
		Heating and cooling centers		―	―	―	0
	Energy consumption intensity (Energy consumption ÷ Gross floor area of the target area for calculation)		MWh/m²	0.182	0.186	0.205	0.141
Solar power generation	Solar power generating facility installation rate at Landport logistics facilities		％	76.0	67.8	59.3	57.5
Solar power generation	Solar power generated at Landport logistics facilities		MWh	22,801	22,356	23,837	23,335

*1
Under the former standard, GHG emissions for the base year (FY2020/3) were:
Scope 1:23,627 t-CO₂
Scope 2: 126,960 t-CO₂
Scope 3: 3,367,715 t-CO₂
*2
Under the new standard, GHG emissions for the base year (FY2020/3) were:
Scope 1: 23,476 t-CO₂
Scope 2: 59,451 t-CO₂
Scope 3: 3,186,245 t-CO₂
*3
Less than 1
*4
Calculation for Category 8 is included in Scopes 1 and 2. Categories with no figures indicate that emission sources do not exist.

Scope of data reported (GHG emissions for Scopes 1 and 2, and energy consumption)

Category	Item		Unit	FY22/3	FY23/3	FY24/3	FY25/3
Number of facilities subject to reporting	All		Building	181	181	147	168
		Office buildings		101	97	84	81
		Fitness facilities		48	49	32	33
		Commercial facilities		16	20	16	15
		Hotels		10	10	10	34
		Logistics facilities		1	1	1	1
		Parking lots		1	2	2	2
		Training centers		1	1	1	1
		Heating and cooling centers		1	1	1	1
Gross floor area	All		m²	2,058,781	2,051,858	1,848,798	2,244,707
		Office buildings		1,456,228	1,329,031	1,194,319	1,227,093
		Fitness facilities		130,130	128,909	121,888	124,833
		Commercial facilities		361,993	478,423	417,095	684,510
		Hotels		41,109	47,254	47,254	140,029
		Logistics facilities		49,547	49,547	49,547	49,547
		Parking lots		15,422	14,282	14,282	14,282
		Training centers		654	654	654	654
		Heating and cooling centers		3,758	3,758	3,758	3,758

Biodiversity

Category	Item	Unit	FY22/3	FY23/3	FY24/3	FY25/3
Acquisition of biodiversity certifications	Number of biodiversity-related certifications acquired (e.g., ABINC/JHEP/SEGES)	―	3	1	1	8

Circular Design

Category	Item	Unit	FY22/3	FY23/3	FY24/3	FY25/3
Initiatives to extend building lifespans	Number of completed properties that offer the re:Premium service	—	13	20	31	24
Initiatives to extend building lifespans	Number of properties that have adopted the Attractive 30 service^*1	Properties (homes)	16 （2,508）	19 （1,646）	26 （2,820）	22 （3,218）

*1
Data for previous years has been corrected retrospectively to improve accuracy.

Category	Item	Unit	FY22/3	FY23/3	FY24/3	FY25/3
Waste	Waste discharge (sum of general waste and industrial waste)	Thousand tons	7.21	11.18	10.86	6.32
Waste	Waste discharge intensity (sum of general waste and industrial waste ÷ gross floor area of the target area for calculation)	kg/m²	3.50	5.45	5.82	3.78

*1
Data for previous years has been corrected retrospectively to improve accuracy.

Scope of data reported (waste discharge)

Category	Unit	FY22/3	FY23/3	FY24/3	FY25/3
Number of properties subject to reporting	Facilities	91	111	87	115
Total gross floor area	m²	2,077,219	1,934,512	1,865,457	1,670

Water Resources

Category	Item		Unit	FY22/3	FY23/3	FY24/3	FY25/3
Water use	Volume of water intake (total)		Thousand m³	1,375	1,475	1,479	2,044
		Clean water		464	520	620	1,692
		Well water		163	190	206	186
		Recycled water		202	199	164	165
	Water intake intensity (volume of water intake ÷ gross floor area of the target area for calculation)		m³/m²	0.93	0.99	0.97	0.85
	Volume of water discharge (sewage water)		Thousand m³	510	571	590	1,680
	Volume of water used		Thousand m³	830	345	992	363

Scope of data reported (water intake, discharge, and use)

Category	Unit	FY22/3	FY23/3	FY24/3	FY25/3
Number of properties subject to reporting	Facilities	181	156	159	163
Total gross floor area	m²	2,058,781	2,266,904	2,114,075	2,390,993

*1
Data for previous years has been corrected retrospectively to improve accuracy.

Environment

Environmental Management

Scope of data reported (percentage of properties owned by NMF with green certification (at least three stars or the equivalent)*1

Decarbonization

Scope of data reported (GHG emissions for Scopes 1 and 2, and energy consumption)

Biodiversity

Circular Design

Scope of data reported (waste discharge)

Water Resources

Scope of data reported (water intake, discharge, and use)

Scope of data reported (percentage of properties owned by NMF with green certification (at least three stars or the equivalent)^*1