Ichigo Hotel 3463

Environmental

Sustainable Real Estate

Preserve & Enhance Existing Buildings to End Wasteful Demolish & Rebuild

  • Lengthen useful life of existing real estate
  • Shrink footprint by reducing demolition waste and use of raw materials, energy, and human effort for construction
Sustainable Real Estate

Solar and Wind Energy: Safe and Clean

  • Annual Power Generation
    228,739,150 kWh

    Equivalent to annual energy consumption of 52,900 households

    Ministry of Environment
    Annual energy consumption per household 4,322kWh

  • Annual CO2 Reduction
    101,217,992kg-CO2

    Equivalent to annual CO2 emission of 44,000 cars

    Ministry of Environment
    Annual CO2 emission per car c. 2,300kg

(Ichigo, Ichigo Green FY24/2 Actuals)

Natural Disaster Response

No injuries or damages at any Ichigo asset or power plant from recent natural disasters

Robust Assets

  • Real estate: continuous improvements to safety & functionality via value-add capex
  • Power plants: site selection and construction based on detailed specifications customized to local geography

Robust BCP & Real-Time Response

  • Pre-typhoon preventative measures (water shielding, sandbags, etc.) & on-site checks
  • Overwhelming priority is safety of tenants: on-the-ground confirmation & onthe-ground response
  • Ichigo engineering team immediate response: same day on-site safety and engineering inspections to prevent secondary damage and losses
  • Developed & deployed proprietary Susport software system for real-time information sharing & emergency response

Environmental Certifications

GRESB

Since its launch in 2009, GRESB has assessed the performance of various property companies and funds around the world, establishing a global standard for ESG benchmarking that is now applied to a broader and more diverse class of real assets. Today, more than 150 GRESB investor members who are some of the largest pension funds and their fiduciaries, including the Government Pension Investment Fund (GPIF) and several investors in Japan, use the GRESB data in their investment management and engagement process to better understand the sustainability risks and opportunities intrinsic to their real assets investments.

In the 2024 GRESB Real Estate Assessment, Ichigo Hotel was awarded Three Stars in the GRESB Rating (maximum five stars), based on the quintile position of Ichigo Hotel's GRESB Overall Score relative to global participants. Ichigo Hotel won a “Green Star” designation for the fourth consecutive year, exemplifying Ichigo Hotel’s high achievement in areas of ESG-related policies and organizational setup (the “Management Component”), and the environmental performance of its assets as well as tenant engagement (the “Performance Component”).

Ichigo Hotel also received the highest “A” GRESB Public Disclosure Level, which measures the quality of ESG disclosures by REITs and listed property companies, for the second year in a row.

About GRESB

GRESB

BELS

The Building-housing Energy-efficiency Labeling System, or BELS, is a Japanese government evaluation system that assesses the energy efficiency of non-residential buildings. A third-party organization evaluates both new and existing buildings using a Building Energy Index based on Japan’s national energy-efficiency standards. BELS ranks energy efficiency by awarding up to five stars.

About BELS

CASBEE Sapporo

Aiming to promote environmentally-friendly buildings, CASBEE Sapporo (Sapporo Building Environmental Consideration System) is a system that requires owners of new buildings and buildings undergoing renovations with a total area of 300m2 or more to conduct self-evaluations of the environmental performance of its buildings, and submit the evaluation results (a building environmental consideration plan) to Sapporo City.

About CASBEE Sapporo

    Environmental Performance

    GHG Emission Reduction

    This table can be scrolled horizontally.

    FY20/2 Actual FY21/2 Actual FY22/2 Actual FY23/2 Actual FY24/2 Actual
    Number of Assets
    (Properties acquired or sold during period included)    		 22 23 23 25 30
    Energy Consumption Total Amount
    ［mWh］    		 44,174.54 25,224.34 28,433.56 32,875.65 42,664.26
    Intensity
    ［mWh/m2］    		 0.574 0.537 0.480 0.494 0.461
    （Renewable Energy）
    ［Included in Total Amount, mWh］    		 (-) (-) (272) (4,137) (12,854)
    Greenhouse Gas Emissions Scope 1+2
    Location-based
    ［tons］    		 12,200.66 7,733.69 8,434.19 9,564.75 11,998.69
    Market-based
    ［tons］    		 12,082.43 7,908.81 8,601.63 7,574.39 6,729.15
    Scope 1+2+3
    Location-based
    ［tons］    		 16,270.26 11,267.12 12,174.21 13,180.71 17,295.10
    Market-based
    ［tons］    		 10,434.09 11,442.23 12,341.66 11,190.36 12,025.56
    Water Usage Total Amount
    ［m3］    		 373,057.24 213,526.30 270,436.00 338,274.00 447,286.50
    Intensity
    ［m3/m2］    		 4.844 4.544 4.566 5.083 4.833

    Ichigo Hotel’s sponsor Ichigo (2337) has been certified by the SBT Initiative for its Science Based Targets (SBT), greenhouse gas reduction targets set by companies in line with the Paris Agreement goals.
    Ichigo’s targets are aligned with a rate of decarbonization consistent to keep global temperature increase to 1.5℃ compared to pre-industrial temperatures, which is more aggressive than the well-below 2℃ (WB2℃) target.

    Ichigo Hotel's Greenhouse Gas Reduction Targets

    The table below can be scrolled left to right.

    Target Target year
    Scope 1 Direct emissions owned or controlled by a company 70% Reduction
    (2022 base year)    		 2030
    Scope 2 Indirect emissions associated with
    the purchase of electricity, heat, cooling
    Scope 3 Indirect emissions that are not Scope 1 or 2 
    (emissions by third-party companies
    related to a company's business activities)    		 25% Reduction
    (2022 base year)

    Ichigo's SBT cover greenhouse gas emissions by Ichigo and its listed J-REITs and solar power producer, Ichigo Office (8975), Ichigo Hotel (3463), and Ichigo Green (9282).

    SBT Overview

    SBT are greenhouse gas reduction targets set by companies covering a minimum of 5 years and a maximum of 15 years in line with the Paris Agreement goals of reducing Scope 1 and 2 emissions to keep the global temperature increase to 1.5℃ compared to pre-industrial temperatures, and Scope 3 emissions to well-below 2℃. SBT were jointly established by the CDP (a global non-profit organization that runs the world's environmental disclosure system with respect to climate, water, and forestry), UNGC (United Nations Global Compact), WRI (World Resources Institute), and WWF (World Wildlife Fund).

    sbti