Materiality（E）	Policy	Status/Example
Reducing environmental impact	・Consider and implement environment-friendly measures, etc. ・Use environment-friendly products, consumables and services, etc. ・Commitment to reduction of paper media ・Disclosure of information pertaining to climate change response and initiatives	・Develop a compliance program, a specific and practical program designed to meet compliance requirements ・Carry out risk management activities at each division throughout the year ・Adopt alternative materials to replace paper and plastic ・Promotion of environment-friendly procurement through establishment of “Green Procurement Standards” ・Establishment of a framework in line with climate action standards and disclosure support regarding the initiatives making use of TCFD recommendations
Relevant SDG Targets	7.3By 2030, double the global rate of improvement in energy efficiency 13.1 Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries 13.3 Improve education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation, impact reduction and early warning
Materiality（S）	Policy	Status/Example
Human capital development as a group of professionals	・Implement human capital management that is based on respect for human rights and that takes into account the perspectives of diversity, equity, and inclusion ・Promote human resource strategy that indicates the requirements of desirable resources and facilitate development ・Improve literacy pertaining to sustainability and ESG investment ・Commitment to health and well-being of each employee ・Deployment of measures based on Group KPIs (work-style reform, promotion of diversity)	・Disclosure of key employee data to present our human resources strategy and status of efforts on employee health and well-being (ratio of female employees, number of female directors and managers, turnover ratio, stress check participation ratio, etc.) ・Support acquisition of business knowledge, skills, qualifications, and implement various trainings ・Promote career development through periodic performance evaluation/feedback ・Periodic Health Committee ・Promotion of the New Work Style Project ・Introduction of various support systems leveraging on Tokyu Group membership, etc.
Contribution to the region	・Enhance cooperation with local community	・Participation and cooperation in community activities
Relevant SDG Targets	3.dStrengthen the capacity of all countries, in particular developing countries, for early warning, risk reduction and management of national and global health risks 4.4 By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship 4.7 By 2030, ensure that all learners acquire the knowledge and skills needed to promote sustainable development, including, among others, through education for sustainable development and sustainable lifestyles, human rights, gender equality, promotion of a culture of peace and non-violence, global citizenship and appreciation of cultural diversity and of culture’s contribution to sustainable development 5.5Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life 8.8Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment. 11.3By 2030, enhance inclusive and sustainable urbanization and capacity for participatory, integrated and sustainable human settlement planning and management in all countries.
Materiality（G）	Policy	Status/Example
Management framework corresponding to multifaceted social demand towards sustainable society	・Enhance governance through compliance and risk management ・Establish framework for promoting implementation of the Sustainability Policy ・Implement human capital management and maintain a resilient management framework ・Enforce customer-first business operation ・Information disclosure to promote understanding from all stakeholders	・Develop a compliance program, a specific and practical program designed to meet compliance requirements ・Carry out risk management activities at each division throughout the year ・Disclose necessary information and operate the Sustainability Promotion Council in accordance with the Sustainability Policy ・Establish various rules, etc. and implement training which attempt to respond to multifaceted issues including respect for human rights ・Establish a framework for management of the overall supply chain
Relevant SDG Targets	12.8By 2030, ensure that people everywhere have the relevant information and awareness for sustainable development and lifestyles in harmony with nature 16.7Ensure responsive, inclusive, participatory and representative decision-making at all levels

Efforts by Each REIT

Efforts by each REIT are disclosed on their respective websites.

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  Sustainability

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  Sustainability

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  Broadia Private REIT, Inc.

■The Company is making following efforts to reduce environmental impact:

・The Company, as a member of Tokyu Fudosan Holdings Group, shares “Sustainable Procurement Policy”, published on January 31, 2020, and works on environmental measures including “combatting climate change”. The purpose is to collaborate and cooperate with all stakeholders including suppliers by gaining understanding of the policy.
Tokyu Fudosan Holdings “Sustainable Procurement Policy” https://tokyu-fudosan-hd-csr.disclosure.site/en/themes/29
Based on the Group's Sustainable Procurement Policy, the Company has established the "Basic Policy on Sustainable Procurement" and "Green Procurement Standards" in order to implement the Company’s Sustainability Policy more specifically. This standard broadly indicates to suppliers that environment-friendly procurement is to be carried out, and in cooperation with each other, the Company works together to promote more sophisticated efforts based on the Sustainability Policy. In addition, the scope of application of this standard is direct or indirect transactions related to products, services, raw materials, and design/construction procured by the Company and all investment corporations entrusted to the Company.

■Climate Action

・The Company believes that climate change is a critical issue that has a significant impact on our business activities and those of the investment corporations that entrust asset management to us. In January 2022, we announced our support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). We also established our “climate action standards,” setting out the framework and basic policy for climate action as well as procedures for risk and opportunity management and related metrics and targets. These measures are part of the Company’s efforts to ensure that the investment corporations disclose information appropriately.

Human capital development as a group of professionals

As a group of professionals in real estate management, we believe human resource development is crucial for providing high quality real estate investment management services to maximize unitholder value and promote our human resource strategy.
In particular, we present a qualitative standard of requirements for desirable resources to encourage each employee to align their development with these values, and conduct resource hiring/development/utilization based on the evaluation system that aims to generate corporate culture that leads to reform and new value creation.
To enable each employee to fully realize their abilities and develop their careers, we appoint the right person to right positions with interviews conducted with all employees by Human Resources and our career development application system.
Through these efforts, we aim to provide physically and mentally healthy and stable life for each employee.
To secure necessary resources, we accept secondment supported by the sponsor group.
Refer to the “Key Employee Data” below regarding secondees.
We publish our data and initiative statuses related to sustainability activities including “Key Employee Data” and “Status of Work-Style Reform and Diversity Promotion” as shown below on a voluntary basis, not as a statutory requirement.

■Key Employee Data

• (Note 1)　Full-time, contract and seconded employees
• (Note 2)　Tokyu Land and Tokyu Community
• (Note 3)　Full-time employee
• (Note 4)　Including part-time staff
• (Note 5)　Full-time
• (Note 6)　Shared Group-wide criteria only for Tokyu Fudosan Holdings Group FY2030 KPI

■ Status of Work-Style Reform and Diversity Promotion

• (Note 1)　A system that allows flexible work hours corresponding to lifestyle (example: 8:00-16:30 work)
• (Note 2)　Utilization rate of home office between March and April 2020
• (Note 3)　Shared Group-wide criteria only for Tokyu Fudosan Holdings Group FY2030 KPI
  *A foreign employee has been hired in May 2021.

Employee Development

As a group of professionals in real estate management, we encourage and support our employees to acquire expert qualifications, and voluntarily and systematically implement wide range of trainings throughout the year on practical knowledge and industry trends; training and lectures on laws and regulations; and wide range of training systems and self-learning menu corresponding to the position, etc., to maintain our quality and further improve our investment management.

■Support for acquiring business related qualifications

We have a system for supporting acquisition of necessary qualifications and supported qualifications, such as aid for examination and class fees.

■Various employee training programs (examples of representative cases)

・Position-based Training
Examples include orientation training for experienced hires on wide range of knowledge on asset management business and understanding of regulatory compliance; management training for senior management and medium level employees; business skills training and anti-harassment seminar for all employees.

・PC Skill-Up Training
To improve PC skills, we provide Excel and Power Point skills training for employees

・Online business English conversation
A system that allows flexible class hours is offered to all employees who want to improve their English (excludes temporary employees)

・ESG Training
As part of education on ESG investment, we provide periodic training by inviting external experts to deepen knowledge and broaden our views on basic information and new trends.

Performance Evaluation Process

We engage in periodic communication such as interview of team members by the supervisor and perform performance evaluation and review on achievement of career development targets set by each employee.
We encourage each employee to have their own career plan and to acquire skills that are acknowledged both internally and externally.
In addition, we have established a Sustainability Policy concerning our ESG efforts, and relevant items are included in the annual targets.

Commitment to health and well-being of each employee

We endeavor to establish various systems to promote physical and mental health of employees and realize a comfortable work environment and organization.

■The Basic Policy on Sustainable Procurement

・We have the Basic Policy on Sustainable Procurement in place concerning business activities throughout our supply chains. This policy is intended to clarify to suppliers our stance that we will take actions in consideration of environmental and social standards and in compliance with relevant laws in procurements and general transactions, including those with property management companies, and to further strengthen efforts through mutual understanding and collaboration with suppliers.

・For certain business partners, we look into their ESG programs and management systems in light of the Basic Policy on Sustainable Procurement, in addition to the annual monitoring evaluation of their management vitality and service quality.

The Basic Policy on Sustainable Procurement (in Japanese) (PDF:6.37MB)