Sustainability Policy and Structure
Samty Residential Investment Corporation’s asset management company Samty Asset Management Co., Ltd. (the“Asset Management Company”) has established the Sustainability Policy and is putting this into practice based on the recognition that environmental, social and governance considerations and carrying out initiatives for the promotion of sustainability in asset management would serve to maximize the interest of customers over the medium to long term.
1. Consideration for the environment
We will aim to reduce our environmental footprint by carrying out initiatives for energy efficiency as well as initiatives for water-saving and waste reduction.
2. Collaboration with stakeholders
We will aim to contribute to the sustainable development of the community by building a framework for cooperation with stakeholders.
3. Work environment improvements, and educating and raising awareness among executives and employees
We will respect the work-life balance and diversity of executives and employees and aim to create a pleasant work environment. We will also seek to enhance ESG awareness and expertise among executives and employees through education and awareness-raising activities.
4. Disclosure of information
We will work to proactively disclose the status of sustainability initiatives and aim to improve the initiatives through dialogue with stakeholders.
5. Governance
We will seek to ensure thorough compliance with laws and regulations and compliance awareness and conduct highly transparent and rational decision-making.
Structure
1. The Chief Sustainability Officer and the Sustainability Officer are set forth as follows:
(1)
The President shall serve as the Chief Sustainability Officer. The Chief Sustainability Officer establishes the structure for promotion of sustainability and oversees the drafting and execution of various policies and targets as well as various measures.
(2)
The Head of REIT Division shall serve as the Sustainability Officer. The Sustainability Officer oversees the establishment of the structure for promotion of sustainability and the execution of various measures.
2. The Asset Management Company’s decision-making process for sustainability matters is set forth as follows:
(1)
The Asset Management Company has installed the Sustainability Promotion Office to consider and draft various policies and targets as well as various measures for sustainability matters for the Sustainability Policy to be put into practice. The Sustainability Promotion Office holds a periodic meeting at least once every three months in principle and carries out administrative affairs as required in accordance with the instructions of the Sustainability Officer.
(2)
The various policies, targets and measures drafted in the preceding item are decided upon by the Board of Directors. The Chief Sustainability Officer reports on the concrete measures for realization of the policies and targets to the Board of Directors at least once every six months.
(3)
Ongoing follow-up is conducted on the issues and matters that have been pointed out for the targets by incorporating them into the targets for the following period in principle.
Identification of Materiality
The President and Representative Director, who is the Chief Sustainability Officer, is committed to actively promoting overall sustainability activities, by announcing the abovementioned policy and promotion structure for sustainability.
In undertaking specific initiatives through this endeavor, the Asset Management Company discussed how to determine issues to be addressed and identify priority, and established ESG issues (materiality) that are of particular importance for Samty Residential Investment Corporation and the Asset Management Company as described below.
Materiality Identification Process
【Step 1】 Determining and organizing the items of issues
Determine and organize sustainability issues at Samty Residential Investment Corporation and the Asset Management Company, with reference to the GRI Standards, evaluation items established by ESG rating agencies (MSCI, FTSE), GRESB, CDP, etc.
【Step 2】 Assessing the importance of issues
Organize the initiatives taken by Samty Residential Investment Corporation and the Asset Management Company with regard to the above issues, rate the importance and set priorities of respective issues based on opinions from inside and outside the company, etc., and prepare a shortlist.
【Step 3】 Deliberating issues and identifying materiality at the Sustainability Promotion Meeting
Deliberate the issues determined in Step 2 and identify materiality at the Sustainability Promotion Meeting.
EMS Operations Manual
We will stipulate details for operating various energy conservation policies and contribute to the establishment, operation, and maintenance of an environmental management system (EMS) based on the PDCA cycle (Note). The EMS will contribute to the establishment, operation, and maintenance of an environmental management system (EMS) based on the PDCA cycle (Note).
Based on the EMS Operations Manual, Samty Asset Management Co., Ltd. sets environmental targets, grasps performance, conducts forecast/actual analysis, and implements and improves measures related to energy consumption, GHG emissions, water consumption, and waste volume in the management of the assets of Samty Residential Investment Corporation, to which we have been entrusted with asset management operations, in order to continuously reduce environmental impact.
(Note)PDCA cycle：For the purpose of continuous improvement, the system to voluntarily set environmental action policies and targets (Plan), establish an organizational structure to achieve these targets and take necessary actions (Do), monitor and evaluate the status of EMS operation and target achievement (Check), and periodically review and improve the EMS and action content (Act).
SFDR Sustainability-related Disclosures
This page contains certain disclosures required to be made pursuant to Regulation (EU) 2019/2088(“SFDR”).
For details of the SFDR Sustainability-related Disclosures, please click here
