KJRM (consisting of KJRM Holdings, KJR Management, and KJRM Private Solutions) formally established the Environmental Charter in June 2013, which sets out our environmental principles and action plans.

The Paris Agreement is an international framework on climate change adopted in 2015. Its long-term goal is stated as holding the increase in the global average temperature to well below 2ºC above pre-industrial levels and sharing efforts to limit the temperature increase to 1.5ºC, and to achieve effectively zero greenhouse gas emissions.
　Actions related to climate change accelerated in 2021. For example, the U.S.-hosted Leaders Summit on Climate was held, and climate change was discussed as the most important issue in the G7 Summit. In addition, in the 6th Evaluation Report, Working Group 1 Report published on August 2021, it was affirmed that “it is unequivocal that human influence has warmed the atmosphere.” Thus, it was revealed that significant reductions in greenhouse gas emissions are urgently needed to achieve the Paris Agreement goals. Under such circumstances, the 26th Climate Change Conference of the Parties (COP26) was held. The final agreement clearly states that the conference “reaffirms the goal to pursue efforts to limit the temperature increase to 1.5ºC,” indicating that not only governments but also industries will need to consider measures for the 1.5ºC target going forward.

Under the “Sustainability Policy” (established in June 2013 and renamed from the “Responsible Property Investment Policy” in September 2023), we state our commitment to implementing Responsible Property Investment (RPI), which integrates environmental, social, and governance elements into property investment. This concept of RPI is incorporated into and carried out throughout the entire period of funds’ investment and management processes.
We believe that owning and managing properties in an environmentally conscious and socially responsible manner is an important strategy to enhance the value of investments by reducing the risks of regulatory non-compliance and loss of competitiveness, increasing the attractiveness of properties for tenants and purchasers, and improving profitability through cost reductions. Furthermore, we believe that this strategy also generates positive impacts on the environment and society.
In addition, we established the “Environmental Charter” in June 2013, which sets forth our environmental principles and action guidelines.

We are highly aware that environmental issues, including climate change, are critical challenges that have a significant impact on our business activities. We consider it essential to understand the relationship between our dependence and impacts on natural capital and to take into account environmental issues such as climate change and biodiversity when planning our initiatives.
To realize our mission statement of “Unlocking Real Assets’ Future,” we place strong emphasis on sustainability and are proactively advancing initiatives under our Sustainability Strategy of “Practicing Responsible Property Investment and Contributing to Solve Social Issues.” Research has made clear that the acceleration of economic activities exacerbates climate change, leading to abnormal weather events such as torrential rains, floods, and droughts. We recognize that addressing climate change as part of environmental challenges and working toward the achievement of net zero is a social responsibility required in the pursuit of our business activities.
The asset manager expressed its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)^* in August 2019.

• *In its final report, the TCFD recommends that climate-related risks and opportunities be disclosed with respect to four areas: governance, strategy, risk management, and metrics and targets.

• (Note)From 2024, the International Sustainability Standards Board (ISSB) of the IFRS Foundation has taken over the monitoring of the progress of companies’ climate-related disclosures from the TCFD.