September 29, 2023
To All Concerned Parties
Activia Properties Inc.
TLC REIT Management Inc.
Notice of Correction to the Sustainability Report 2022
This is to advise you that we hereby correct incorrect information on the amounts of renewable energy generation and recycled watercontained in the environmental performance in the Sustainability Report 2022.
Please refer to the yellow highlighted areas for the corrections.

Sustainability
Policy/Structure for
Promotion

Introduction

TopicsExternal Evaluation/International
Initiatives

Governance

EnvironmentAfter
ESG Datacorrection

SocialEnvironmental Performance
FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

86,660102,039

104,804

112,120

116,744

48,774(107,339)

34,943(101,800)

0.23

0.25

0.22

0.22

0.21

0.29
(0.20)

0.21(0.19)

0.05

0.03

0.03

0.04

0.02

0.14

0.1

Actual (total)(t-CO2)

34,19737,28540,91046,172

45,347

40,68342,274

Scope 1
(direct emission)

-

-

-

-

-

1,465

2,612

Scope 2(indirect emission)

-

-

-

-

-

18,037

13,464

Scope 3(emission from tenants)

---

-

-

21,181

26,198Intensity (total/Scope 1&2)
(t-CO2/㎡)

0.093

0.0900.087

0.089

0.083

0.116
(0.07)

0.091(0.08)

Actual(㎡)526,515533,757

591,392

675,847

701,847

443,885

414,775

1.42

1.29

1.25

1.30

1.29

0.82

0.75

-

3,492

6,667

18,99230,76815,54913,292

2,824

3,209

3,665

4,262

4,367

2,899

2,558

-----

ActualEnergy consumption
per year(MWh)Intensity(Note 2)

(MWh/㎡)

Renewable energy generation per year
(MWh)

CO2 emissions peryear(Note 3)

Water consumption
per year

Intensity(㎡/㎡)
Recycled water (Grey water and Drainage)(㎡)
Waste generation per year (t)(Note 4)

Third-party assurance statement(Note 1) Principally the figures shown above are the cumulative amounts of the entire portfolio (excluding those in which API owns only land) during each fiscal year.
(Number of properties: FY2015：30, FY2016：37, FY2017：40, FY2018：42, FY2019：43, FY2020 : 41, FY2021：45)(Note 2) The figures shown are total amount of consumption fuel (gas, heavy oil, etc.), electricity and district heating / cooling of the properties.
From FY2020, the actual amounts cover the area of the properties for which API has operational control of energy consumption. Figures in parentheses include emissions by tenants, same as the previous fiscal years.
(Note 3) The factor and the method applied to the calculation are in accordance with "GHG Emissions Accounting, Reporting and Disclosure System" of the Ministry of the Environment. Figures reported as Scope 3 fall under category 13 and are limited
to the data
which was able to be collected from tenants.
Figures for intensity from FY2015 to FY2019 as well as those in parenthesis from FY2020 are calculated based on the total area of the properties with reference to the occupancy. Figures from FY2020 are total of the intensity for Scope 1 and(Note 4) Excludes waste directly generated by tenants. Figure for FY2016 excludes properties of which data were not available (Figure represents 91.5% of the entire portfolio).

1Sustainability
Policy/Structure for
Promotion

Introduction

TopicsExternal Evaluation/
International
Initiatives

Governance

Environment

BeforeESG Data
correction

SocialEnvironmental Performance
FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

86,660102,039

104,804

112,120

116,744

48,774(107,339)

34,943(101,800)

0.23

0.25

0.22

0.22

0.21

0.29
(0.20)

0.21(0.19)

0.06

0.05

0.04

0.04

0.02

0.19

0.13

Actual (total)(t-CO2)

34,19737,28540,91046,172

45,347

40,68342,274

Scope 1
(direct emission)

-

-

-

-

-

1,465

2,612

Scope 2(indirect emission)

-

-

-

-

-

18,037

13,464

Scope 3(emission from tenants)

-

-

-

-

-

21,181

26,198Intensity (total/Scope 1&2)
(t-CO2/㎡)

0.093

0.090

0.087

0.089

0.083

0.116
(0.07)

0.091(0.08)

Actual(㎡)

526,515533,757

591,392

675,847

701,847

443,885

414,775

1.42

1.29

1.25

1.30

1.29

0.82

0.75

-

12,072

14,961

18,99330,76835,56529,342

2,824

3,209

3,665

4,262

4,367

2,899

2,558

-

----

ActualEnergy consumption
per year(MWh)Intensity(Note 2)

(MWh/㎡)

Renewable energy generation per year
(MWh)

CO2 emissions peryear(Note 3)

Water consumption
per year

Intensity(㎡/㎡)
Recycled water (Grey water and Drainage)(㎡)
Waste generation per year (t)(Note 4)

Third-party assurance statement(Note 1) Principally the figures shown above are the cumulative amounts of the entire portfolio (excluding those in which API owns only land) during each fiscal year.
(Number of properties: FY2015：30, FY2016：37, FY2017：40, FY2018：42, FY2019：43, FY2020 : 41, FY2021：45)(Note 2) The figures shown are total amount of consumption fuel (gas, heavy oil, etc.), electricity and district heating / cooling of the properties.
From FY2020, the actual amounts cover the area of the properties for which API has operational control of energy consumption. Figures in parentheses include emissions by tenants, same as the previous fiscal years.
(Note 3) The factor and the method applied to the calculation are in accordance with "GHG Emissions Accounting, Reporting and Disclosure System" of the Ministry of the Environment. Figures reported as Scope 3 fall under category 13 and are limited
to the data
which was able to be collected from tenants.
Figures for intensity from FY2015 to FY2019 as well as those in parenthesis from FY2020 are calculated based on the total area of the properties with reference to the occupancy. Figures from FY2020 are total of the intensity for Scope 1 and(Note 4) Excludes waste directly generated by tenants. Figure for FY2016 excludes properties of which data were not available (Figure represents 91.5% of the entire portfolio).

2