NEWS RELEASE
November 8, 2021

For Immediate Release

Investment Corporation
Japan Real Estate Investment Corporation
Yutaka Yanagisawa, Executive Director(TSE code: 8952)
Asset Management Company
Japan Real Estate Asset Management Co., Ltd.
Naoki Umeda, President & CEO
Contact: Masaru Motooka
Executive Officer & General Manager
Planning Department
Phone: +81‐3‐3211‐7951

Announcement of Accelerated Use ofElectricity Made from Renewable Energy (RE100 Compatible)
Japan Real Estate Investment Corporation (“JRE”) hereby announces that it will accelerate the use ofelectricity made from renewable energy recognized by RE100 (“Renewable Electricity”). JRE will introduce
renewable electricity into all of its properties of 100% operational control. (*2) JRE plans to implement 80%of the switch by the end of April 2022 and complete all the switch by the end of September 2022.
(*1) RE100 is the global corporate renewable energy initiative bringing together hundreds of large and ambitious businesses
committed to 100% renewable electricity.
(*2) “Properties of 100% operational control” refers to buildings in which JRE owns 100% ownership interest (41 buildings asof November 8, 2021). Buildings for which JRE is not able to make decisions alone are excluded from the subject buildings,
but JRE will discuss with co‐owners and try to introduce renewable electricity as soon as possible.

（1）Background of Promoting Introduction of Renewable Electricity
In May 2020, JRE announced that it established CO2 reduction targets as environmental Key
Performance Indicators (KPIs) for 2030 as it is in agreement with the basic approach of the “SDGs(Sustainable Development Goals)” adopted by the United Nations and aims to proactively address
climate change risk increasingly globally.

In order to achieve the above KPIs on CO2 emissions, JRE has been renovating its buildings and making
efforts to own more Zero Energy Buildings (ZEBs), as well as introducing renewable electricity.

1（2）Summary of Renewable Electricity
Because renewable electricity, which is being introduced, is for all electricity used in each building, allCO2 emissions including those of tenant areas will be brought to zero. Therefore, all the tenants canclaim the use of renewable electricity.
JRE’s Switch to Renewable Electricity (outline)（3）Impact of Introduction of Renewable Electricity on CO2 Emissions
The introduction of renewable electricity at its properties of 100% operational control is expected toreduce annual CO2 emissions by approximately 50,000 tons. This is the equivalent to about half of theactual CO2 emissions of JRE in fiscal 2020.
Thanks to this, JRE will accomplish its fiscal 2030 CO2 emissions reduction target ahead of schedule.
Also, the reduction of CO2 emissions will further accelerate as JRE proactively introduces renewableelectricity into the buildings other than 100% operational control.
Accordingly, new CO2 reduction targets for 2030 will be considered and announced in due course.
FY 2013(Ba s e yea r)

FY 2020(Actua l )FY 2020(*)

FY 2030(KPIs )

Tota lt‐CO2

105,386

93,29649,546‐

Intens i ty

kg‐CO2/㎡

92.1

68.9

36.6

60.0

Tota l CO2 emi s s i ons*Represents figures if renewable electricity is introduced at its properties of 100% operational control, which is based on the actual resutls for FY 2020.

Going forward, JRE will continue to take sustainability seriously in its asset management. For more details
on JRE’s ESG initiatives, please refer to the following website.
JRE’s ESG website: https://jre‐esg.com/

This is the English translation of the announcement in Japanese dated November 8, 2021.
No assurance or warranties are given for the completeness or accuracy of this English translation.

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