Tokoro Capital

2024

KokoroThe principle of kokoro which often translates to heart,
actually has a range of meanings which include wisdom,sincerity and sensibility. To us kokoro embodies how weapproach sustainability in its widest context - to be a custodianof the resources we utilise for the benefit of future generations

Sustainability Strategy

Tokoro Capital

2024

PlanetPeople

Today, our impact as humans on the biosphere has led us toWe are cognisant that everyone we engage with is on their own net zero

anthropogenic mass or human-made mass exceeding overall living

pathway and therefore our goal is to make engagement mutuallybiomass on this planet.

beneficial. We ask all our new tenants to sign green leases and where wehave incumbent tenants to engage in operational assessments.

Most of this human-made mass comes in the form of buildings andSometimes just helping tenants to better understand the equipment in theinfrastructure, composed of concrete, aggregates, bricks and asphalt that

office, the building management systems and/or energy management

produce c.40% of global greenhouse gas emissions.

systems can provide a cue for changing habits.

Climate change to some could be considered a tail risk, but like a

The list of people we engage with in order to successfully execute an

pandemic the consequences could be severe for our civilisation.

investment are numerous, our goal in bringing together a team is to ensure

Therefore we believe buildings we own need to both consider the

we are like minded, for instance we like to understand whether people weresources they consume and be resilient to both climate change andappoint believe in paying all of their staff a living wage and have their own

societal shift.

sustainability practices in place.

PolicyPlace

Each investment we own has a sustainability plan, this is Its in our DNA to think macro and micro and this is no more evident thanin-built into our investment process and impacts our underwriting. For

the community our investments touch, our social goal is foremost to makeinstance, will a greener building command higher rents and be moresure our stakeholders are happy, we do this by being visible and giving

resilient producing less volatility in exit yield? Our aim is to make our built

them a level of service which exceeds their expectations.

environment better in every way under own ownership. That means
understanding the lifecycle of our buildings, including the embodied

We also do not like our real estate to feel like fortresses that thecarbon we are adding to buildings through refurbishment and thecommunity cannot engage in and actively consider how we create social

operational carbon our stakeholders emit in utilising our buildings.

spaces in our buildings. A good example would be our collaboration withArtbox.London, in our Dover Street and Berkeley Street investments,

We are currently assessing our buildings with BREEAM but we are notwhich you can learn more about here.

wedded to any particular standard and look to the most appropriate
assessment for the investment. Law sets the minimum standard but weare more aspirational.

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2024

Philanthropy

PurposeFrom a philanthropic perspective we look for local charity partners and do

Ultimately we are guided by our mandate to create sustainable real estate

more than donate money, but time too.

that generates outsized risk weighted returns for our investors whilstenriching our planet and its inhabitants. We believe these are not

We donate money to a range of charities through our commitment to 1%

incompatible goals.

for the planet but we donate time to 4 which we hope will grow in lock stepwith our team.

ParityFrom a diversity and inclusion perspective we are partnering with both
Upreach and Neurodiversity in Business, we hope adding our voice to theircauses magnifies their impact. 

We believe in the network effect, whether it’s providing people without anatural network access to ours and/or using our interactions to talk about
their causes.

Plasticity
Beyond real estate we encourage the team to stretch their minds,
promoting angel investing in social impact businesses broaden our lens toconsider all of the United Nations Sustainability Goals.

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Tokoro CapitalCommitments and objectives

2024

Our commitments and objectives
Kokoro principle

AspectPlanetOverarching Commitments

PolicyOperational Energy and Carbon (“OE&C”) - OverarchingPeople

Wellbeing & Engagement

Objectives

ActionsKPIs

Training & Development/Performance

Place

Sustainability Strategy

Communities

4Tokoro CapitalCommitments and objectives

Kokoro principle

AspectPhilanthropy

Communities

ParityDiversity and Inclusion

Plasticity

Stretching Minds

PurposeOE&C - 24hr City Strategy

Objectives

2024

Actions

KPIs

OE&C - 18hr City Office Strategy

OE&C - Logistics Strategy

OE&C - Student Strategy

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UN Sustainable Development Goals

2024

Our social impact investments

Oxwash is an on-demand sustainable closed-loop laundry and dry-cleaning service
for SMEs and individuals.

Thalamos helps to improve patient outcomes for mental healthcare.

Foodsteps is a market-leading subscription-based SaaS platform that enables foodcompanies to measure, monitor and report on their environmental impact.

A British biotech start-up that has developed a patented 'biomarker' technology
known as DA C which is used alongside AI algorithms to detect cellular level diseasein the retina.

Zen Educate is leading the wave of intervention needed to improve supply teachingrecruitment. Its online platform streamlines the recruitment process.

RAM o Biosciences is translating ground-breaking research in cancer biomarkers intoa revolutionary range of prognostic and companion diagnostic products to improve
patient outcomes and reduce the financial burden of cancers on global healthcare
economies.
LSojo is on a mission to make fashion circular. Described as the 'Deliveroo of clothing
repair', Sojo connects registered tailors with customers who need alterations andrepairs via its app.

MiAlgae has developed and scaled a biotechnology process that uses circular
economy principles to convert whisky waste to omega-3 oils for the animal nutritionindustry.

Co-founded by The Big Issue, The Big Exchange is on a mission is to build a new
financial system in the UK. One that works for everyone and delivers a positive impact
on people and planet.

ideTandem o ers a smart, tech-enabled solution to help communities move.

R

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Collaborators

2024

Collaborators

Co-created in 2002 by Yvon Chouinard (founder of Patagonia),

ArtBox provides an art studio where artists with learning

One Percent for the Planet is an international organization whose

disabilities and autistic artists come together to explore art, build

members contribute at least one percent of their annual revenue

friendships and learn new skills. Artists are supported to create,

to environmental causes. The idea is simple: because companies

develop, exhibit, sell and licence their artwork, increasing

profit from the resources they take from the earth, they have awellbeing and inclusion while also sharing their unique talents withresponsibility to give back and protect those resources.

other communities.

NiB acts as a business forum and industry group for

UpReach is a social mobility charity, driven by a vision of aorganisations to share industry good practice onsociety in which everybody has an equal opportunity to realise

neurodiverse recruitment, retention and empowerment, with antheir full career potential regardless of social background.

aim to support businesses in building a better workplace for

Support is provided to undergraduates from lower socio-

Neurodivergent employees.

economic backgrounds to access and sustain top graduate jobs.

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Tokoro Capital

Volunteering

2024

Volunteering

Tuberous Sclerosis Complex (TSC) is a genetic condition thatcan lead to growths in various organs of the body, but those mostcommonly affected are the brain, eyes, heart, kidney, skin andlungs. Launched in 1977, the Tuberous Sclerosis Association(TSA) is a UK-registered charity that was created to support
individuals affected by TSC along with their families and carers.

Selective Mutism, sometimes called Situational Mutism, is ananxiety-based mental health disorder which usually commencesin early childhood. Established in 1992, the Selective Mutism
Information & Research Association (SMIRA) is a UK-registeredcharity set up to support families with selectively mute children.
John Hopkins, CFO at Tokoro, serves on the Board of Trustees as Treasurer.

Sanjay Sethi, Partner at Tokoro, serves on the Board of Trustees as Vice Chair.

Established in 2007, Solidarity Sports is a UK-registered charitythat provides support for children from disadvantaged
backgrounds recovering from complex trauma through a safe,inclusive and nurturing environment. The majority of children are
initially referred by social services, however today, most of thecharity’s volunteers are aged 16-21 and many are by-products ofthe charity themselves.
Liam Mahoney, Finance & Operations Manager at Tokoro, serves on the Board of Trustees asTreasurer.

Sustainability Strategy

OA/TOF stands for Oesophageal Atresia (OA) and TracheoOesophageal Fistula (TOF). OA/TOF are rare congenitalconditions of the oesophagus (food pipe) and/or trachea (airway)that affects 1 in every 3,500 people. TOFS is the charity
dedicated to offering lifelong support to those born with OA/TOF
and has members in over 60 countries, striving for anyone bornwith the condition to live life unlimited.
Nadia Guerrero Márquez, Investment Analyst at Tokoro, serves on the Fundraising Teams atTOFS.

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Sustainability Strategy2024