Green Bond Fact Sheet

Daiwa House REIT Investment Corporation (Daiwa House Industry)

Date: 17/12/2019

Issue date: 25-11-2019 Maturity date: 25-11-2029 Tenor: 10Issuer Name

Daiwa House Industry

Amount Issued

JPY6bn/USD55m

Country of riskJapan

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeSr unsecured

Green Bond Framework

N/A

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

Green1☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

The use of proceeds for the bonds is scheduled to be published in the modified shelfregistration statement, the shelf registration supplements and the website of DHR. Also, DHR
plans to report not only the number and type of environmental certification for acquisition
assets but also water consumption, electricity consumption, and CO2 emissions on its
website in accordance with the Green Finance Framework.
Japan Credit Rating Agency plans to review the reporting which includes funds allocation
status and environmental improvement effects until the redemption of the Green Bonds. JCR
evaluates that the reporting is planned to appropriately disclose to investors for both theallocation status and the environmental impact indicators.
Daiwa House REIT Investment Corp. is a real estate investment trust (REIT) which invests insecuritized real estate products. The Company mainly invests in residential rental
properties and commercial properties.

Firsts, records andcertifications
Proceeds description

Property 1: Project Machida, Four stars for DBJ Green Building Certification, Five stars for
BELS Certification.
Property 2: Project Hachioji, Four stars for DBJ Green Building Certification.
Property 3: Project Urayasu II, Three stars for DBJ Green Building Certification.

Climate Bonds view

We are pleased to see another real estate investment trust coming to the market. The
level of review for this bond with an SPO, a rating and review of allocation and impact
reporting constitutes a high level of transparency for investors.

Underwriters
Deal comments
Credit Rating
Pricing summary•Coupon: 0.530%

Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign