< GRI Content Index >TLC REIT Management Inc. has
Statement of use

reported with reference to the GRI
Standards for the period from April 1,
2023 to March 31, 2024.

GRI 1 used
Disclosure

GRI 1: Foundation 2021

Location or reason for omission

GRI2: General Disclosures 2021
1. The organization and its reporting practices
2-1

Organizational details

https://www.tokyu-trm.co.jp/en/profile/Profile

TLC REIT Management Inc.is 100%2-2Entities included in the organization’s

subsidiary of Tokyu Fudosan Holdingssustainability reporting

Corporation and subjected to consolidated
financial statements.

2-3Reporting period, frequency and contact

https://www.tokyu-Sustainability information disclosure andpoint

trm.co.jp/en/sustainability/gri.html

GRI Index

https://www.tokyu-trm.co.jp/en/contact/

Contact Us

2-4

Restatements of information

Nothing in particular

2-5

External assuranceNone

2. Activities and workers
2-6

Activities, value chain and other business
relationships

https://www.tokyu-trm.co.jp/en/profile/https://www.tokyutrm.co.jp/en/sustainability/materiality.html

ProfileSDGs strongly related to materiality

https://www.tokyutrm.co.jp/en/sustainability/esg.html#c3
2-7Employees

Since the Asset Management Company has

Key Employee Data

only one office, there are no regional
differences (same below)
2-8Workers who are not employees

https://www.tokyutrm.co.jp/en/sustainability/esg.html#c3

Key Employee Data

3. Governance
2-9

Governance structure and composition

https://www.tokyu-trm.co.jp/en/profile/https://www.tokyutrm.co.jp/en/organization/
https://www.tokyutrm.co.jp/en/sustainability/

2-10
2-11

2-14
2-15

trm.co.jp/en/sustainability/esg.html#c3

Development

https://www.tokyu-trm.co.jp/en/profile/

Executive BoardNomination and selection of the highest
governance body
Chair of the highest governance bodyRole of the highest governance bodyhttps://www.tokyu-

in overseeing the management of

trm.co.jp/en/sustainability/
trm.co.jp/en/sustainability/esg.html#c2

Commitment to Society

https://www.tokyu-

managing impacts

trm.co.jp/en/sustainability/

Role of the highest governance bodyhttps://www.tokyu-

in sustainability reporting

trm.co.jp/en/sustainability/

2-17
2-18

Communication of critical concerns

Promotion System
Commitment to Environment,Delegation of responsibility for

Conflicts of interest

Compliancehttps://www.tokyu-

https://www.tokyutrm.co.jp/en/sustainability/esg.html#c4
https://www.tokyu-trm.co.jp/en/profile/

2-16

Promotion System
Key Employee Data and Employee

trm.co.jp/en/sustainability/esg.html#c4

2-13

Organization

https://www.tokyu-

https://www.tokyu-

2-12Profilehttps://www.tokyutrm.co.jp/en/sustainability/

Collective knowledge of the highest

https://www.tokyu-

governance body

trm.co.jp/en/sustainability/

Evaluation of the performance of thehttps://www.tokyu-

highest governance body

trm.co.jp/en/sustainability/

Promotion System
Promotion SystemCompliance
ProfilePromotion System
Promotion SystemPromotion System

Director remuneration shall be determined
2-19

Remuneration policies

by resolution of the general meeting ofshareholders.

2-20

Process to determine remuneration

https://www.tokyutrm.co.jp/en/sustainability/sfdr.html

1

SFDR Sustainability-Related Disclosures

Disclosure

Location or reason for omission
Legally, the investment corporation does not

2-21

Annual total compensation ratio

have employees. The relevant information of
the asset management company is notaggregated at this time.

4. Strategy, policies and practices
2-22
2-23

Statement on sustainable development
strategy
Policy commitmentshttps://www.tokyu-trm.co.jp/en/message/

Messagehttps://www.tokyu-trm.co.jp/en/philosophy/ Philosophy
https://www.tokyutrm.co.jp/en/sustainability/index.html
https://www.tokyutrm.co.jp/en/sustainability/materiality.html
https://www.tokyutrm.co.jp/en/sustainability/esg.html#c1

Sustainability Policies
MessageOur commitment
Human Rights and Community

https://tokyu-fudosan-hd-※As a Group member, we share thecsr.disclosure.site/en/themes/32

Tokyu Fudosan Holdings Group HumanRights Policy.

2-24

Embedding policy commitments

https://www.tokyutrm.co.jp/en/sustainability/index.html
https://www.tokyutrm.co.jp/en/sustainability/esg.html

2-25
2-26

Various employee training programs

trm.co.jp/en/sustainability/esg.html#c3(examples of representative cases)

Processes to remediate negative

https://www.tokyu-

impactstrm.co.jp/en/sustainability/esg.html#c4

Mechanisms for seeking advice andhttps://www.tokyu-

raising concerns

trm.co.jp/en/sustainability/esg.html#c4
hd.co.jp/english/about/compliance/
https://www.tokyutrm.co.jp/en/sustainability/gri.html

Compliance with laws and regulations

Our commitment

https://www.tokyu-

https://www.tokyu-fudosan-

2-27

Promotion System

Establishment of whistle-blowing system
Establishment of whistle-blowing system
Establisment of Compliance helpline
PAI Statement
P.5 Table 3(6. Insufficient whistleblowerprotection)

No violations during the reporting period
The Investment Trusts Association, Japan
The Association for Real Estate Securitization

2-28

Membership associations

GRESB Real Estate
Task Force on Climate-related FinancialDisclosure

5. Stakeholder engagement
2-29

Approach to stakeholder engagement

https://www.tokyutrm.co.jp/en/sustainability/esg.html
https://www.tokyutrm.co.jp/en/sustainability/esg.html#c3

2-30

Collective bargaining agreements

Our commitment
Commitment to Society100%

GRI 3: Material Topics 2021
3-1

Process to determine material topics

3-2

List of material topics

3-3Management of material topics

201: Economic Performance201-2

https://www.tokyutrm.co.jp/en/sustainability/materiality.html
https://www.tokyutrm.co.jp/en/sustainability/materiality.html
https://www.tokyutrm.co.jp/en/sustainability/materiality.html

Financial implications and other risks and https://www.tokyuopportunities due to climate change

trm.co.jp/en/sustainability/esg.html#c2
trm.co.jp/en/sustainability/materiality.html

Communication and training about anti-

https://www.tokyu-corruption policies and procedures

trm.co.jp/en/sustainability/esg.html#c4

Materiality

actions taken

Materiality
Compliance Training
Anti-corruption/Compliance Policy（Tokyucsr.disclosure.site/en/themes/38

Fudosan Holdings）

Group, we share the above policy
Confirmed incidents of corruption andClimate Action

https://tokyu-fudosan-hd※As a member of the Tokyu Land Holdings

205-3

Materiality

2016

https://www.tokyu-205-2

Materiality

No incidents2

Disclosure
206: Anti-competitive BehaviorLocation or reason for omission
2016

Legal actions for anti-competitive
206-1

behaviour, anti-trust, and monopoly

No incidents

practices
GRI 300: Environmental
302: Energy

2016
Energy consumption outside of the302-2

organization

https://www.activiareit.co.jp/en/sustainability/environment.html Environmental Performance#c2
https://www.comforia-「Sustainability Report2023」

reit.co.jp/en/sustainability/disclosure.html

p25 Actual Figures

https://www.activia302-3

Energy intensity

reit.co.jp/en/sustainability/environment.html Environmental Performance#c2

303: Water

https://www.comforia-「Sustainability Report2023」

reit.co.jp/en/sustainability/disclosure.html

p25 Actual Figures

2018
https://www.activia-

303-3

Water withdrawal

reit.co.jp/en/sustainability/environment.html Environmental Performance#c2
https://www.activia-

303-5

Water consumption

reit.co.jp/en/sustainability/environment.html Environmental Performance#c2

305: Emissions

Total water consumption from all areas inhttps://www.comforia-「Sustainability Report2023」

megalitres.

reit.co.jp/en/sustainability/disclosure.html

p25 Actual Figures

2016
https://www.activia-305-1

Direct (Scope 1) GHG emissions

reit.co.jp/en/sustainability/environment.html Environmental Performance#c2
https://www.comforia-「Sustainability Report2023」

reit.co.jp/en/sustainability/disclosure.html

p25 Actual Figures

https://www.activia305-2

Energy indirect (Scope 2) GHG emissions reit.co.jp/en/sustainability/environment.html Environmental Performance#c2
https://www.comforia-「Sustainability Report2023」

reit.co.jp/en/sustainability/disclosure.html

p25 Actual Figures

https://www.activia305-4

GHG emissions intensity

reit.co.jp/en/sustainability/environment.html Environmental Performance#c2

306: Effluents and Waste

https://www.comforia-「Sustainability Report2023」

reit.co.jp/en/sustainability/disclosure.html

p25 Actual Figures

2016
https://www.activia-306-2

Waste by type and disposal method

reit.co.jp/en/sustainability/environment.html Environmental Performance#c2

307: Environmental Compliance
307-1

2016

Non-compliance with environmental laws
and regulations

No violations during the reporting period

GRI 400: Social
Management Approach
103-1

Explanation of the material topic and its
Boundaryhttps://www.tokyu-103-2

The management approach and its
components

https://www.tokyu-103-3

Evaluation of the management approach

401-1

New employee hires and employee turnovertrm.co.jp/en/sustainability/materiality.html
trm.co.jp/en/sustainability/esg.html
https://www.tokyutrm.co.jp/en/sustainability/index.html
https://www.tokyutrm.co.jp/en/sustainability/esg.html#c3

3

Materiality
Our Commitment
Promotion SystemNew Hire

Disclosure
401-3

Location or reason for omission
https://www.tokyu-

Parental leavetrm.co.jp/en/sustainability/esg.html#c3

403: Occupational Health and Safety 2018
403-2

403-4

https://www.tokyu-

Commitment to health and well-being of

trm.co.jp/en/sustainability/esg.html

each employee

Hazard identification, risk assessment,

https://www.tokyu-

and incident investigation

trm.co.jp/en/sustainability/esg.html#c3

Worker participation, consultation, andcommunication on occupational healthand safety

Childcare leave users

Health Committee

Employees also take part in the healthcommittee disclosed below.
https://www.tokyu-

Health Committee

trm.co.jp/en/sustainability/esg.html#c3
Carrying out lectures by industrial doctors

403-5

Worker training on occupational healthand planned classes related to harassment.

Various employee training programs

and safety

https://www.tokyu-

Health Committee

trm.co.jp/en/sustainability/esg.html#c3
Carrying out stress checks and regular health403-6

Promotion of worker healthchecks.
https://www.tokyutrm.co.jp/en/sustainability/esg.html#c3

403-9

Work-related injuries

403-10Work-related ill health

Our Commitment
Status of Work-Style Reform andDiversity Promotion

https://www.tokyu-

Number of worker's injuries/death

trm.co.jp/en/sustainability/esg.html#c3

incident

https://www.tokyu-

Status of Work-Style Reform andtrm.co.jp/en/sustainability/esg.html#c3

Diversity Promotion

404: Training and Education 2016
404-1
404-2

Average hours of training per year per

https://www.tokyu-employee

trm.co.jp/en/sustainability/esg.html#c3

Programs for upgrading employee skills

https://www.tokyu-

and transition assistance programs

trm.co.jp/en/sustainability/esg.html#c3

Employee Development
Employee Development

Both contracted employees and regular
employees receive performance and career
404-3

Percentage of employees receiving

development reviews in the same structure,

regular performance and career

and aim to set the goals and communicate

development reviews

with superiors.

Performance Evaluation Process

https://www.tokyutrm.co.jp/en/sustainability/esg.html#c3
405: Diversity and Equal Opportunity
405-1

2016

Diversity of governance bodies andhttps://www.tokyu-employees

trm.co.jp/en/sustainability/esg.html#c3

Key Employee Data
Status of Work-Style Reform andDiversity Promotion

413： Local Communities 2016
Operations with local community
413-1

engagement, impact assessments, anddevelopment programs
Note: We report information on ourproperties in consideration of thepurpose of this standard.

https://www.tokyutrm.co.jp/en/sustainability/esg.html
https://www.tokyutrm.co.jp/en/sustainability/esg.html#c3

GRI G4: Construction and Real Estate Sector Disclosures
CRE
Type and number of sustainability
CRE8

certification, rating and labelling
schemes for new construction,

See each investment corporation's GRI.

management, occupation and4

Our Commitment

Contribution to the region