Sustainability Policy (the Group’s vision for 2050)

The Nomura Real Estate Group has formulated a sustainability policy called Earth Pride, which details our unique sustainability and the direction we must take in order to become the company we want to be by 2050.
Earth Pride encompasses our role as a company helping create a better future through a better environment. The policy is based on three goals that we value—pursuing humanity, maintaining harmony with nature, and building the future together.

Three goals we value

In April 2020, the Group established the Sustainability Management Department to strengthen and promote its sustainability activities. In addition, after reviewing the meeting system, in April 2020 we established the Sustainability Committee, which since April 2021 has been chaired by the president and Group CEO of Nomura Real Estate Holdings. The committee checks progress on the initiatives for sustainability policies and objectives and deliberates and makes decisions on activity plans. The main topics discussed in fiscal 2023 included setting targets for decarbonization and disseminating these in-house, and formulating biodiversity policy. The results of discussions are reported to the Board of Directors twice a year and the Management Committee twice a year before being reflected in management plans and business activities.
The Sustainability Committee met three times in fiscal 2023, while the Sustainability Subcommittee, which was set up to stimulate internal discussion, the Environmental Subcommittee, and the Human Rights Subcommittee had 6 meetings in total. The Sustainability Management Department continues to promote the Group’s sustainability activities and to improve each of them through PDCA cycles.

Priority issues (materiality) for 2030 and key performance indicators (KPIs)

Reflecting Sustainability and Other Non-Financial Factors in Director Compensation

The Group requires that directors be strongly aware of the importance of adapting to changes in society and the needs of the times in their selection criteria. Since fiscal 2023, the policy for deciding the details of compensation for every director, excluding Audit & Supervisory Committee members, has been revised. To raise directors’ awareness of sustainability, performance indicators that pertain to bonuses (monetary compensation) and the calculation method for these bonuses have taken non-financial indicators (e.g., sustainability factors) into consideration. For fiscal 2023, the non-financial indicators to be evaluated were the energy performance indicators. These are applicable to people holding positions as executive officers or higher at all Group companies.

Officers’ compensation