September 29, 2023
To All Concerned Parties
Activia Properties Inc.
TLC REIT Management Inc.
Notice of Correction to the Sustainability Report 2021
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 2021.
Please refer to the yellow highlighted areas for the corrections.

Aftercorrection

Environmental impact reducing works

In accordance with the medium- to long-term asset management plan, in every fiscal period, API
undergoes engineering works to reduce environmental impacts such as installation of LED lightingsand energy-saving air-conditioners. Not only common areas, but tenant spaces also get renovatedoccasionally in the event of the tenant replacements.
＜Examples of engineering works to reduce environmental impact>

Environmental Performance

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

(MWh/㎡)

Renewable energy generation per year

(Note 3)

Water consumption
per year

FY2016FY2017FY2018FY2019FY202086,660102,039

104,804

112,120

116,744

48,774(107,339)

0.23

0.25

0.22

0.22

0.210.29(0.20)

0.05

0.03

0.03

0.04

0.02

0.14

Actual (total)(t-CO2)

34,19737,28540,91046,172

45,347

40,683

Scope 1
(direct emission)

--

-

-

-

1,465

Scope 2(indirect emission)

--

-

-

-

18,037

Scope 3(emission from tenants)

-

-

-

-

-

21,181

Intensity (total/Scope 1&2)
(t-CO2/㎡)

0.093

0.090

0.087

0.089

0.083

0.116
(0.07)

Actual(㎡)526,515533,757

591,392

675,847

701,847

443,885

1.42

1.29

1.25

1.30

1.29

0.82

-

3,492

6,667

18,99230,768

15,549

2,824

3,209

3,665

4,262

4,367

2,899

(MWh)

CO2 emissions peryear

FY2015Intensity(㎡/㎡)
Recycled water (Grey water and Drainage)(㎡)
Waste generation per year (t) (Note 4)(Note 1) Principally the figures shown above are the cumulative amounts of the entire portfolio during each fiscal year. (number of properties FY2015：30, FY2016：37, FY2017：40, FY2018：42, FY2019：43, FY2020 : 41)(Note 2) Total amount of consumption fuel (gas, heavy oil, etc.), electricity and district heating / cooling of the properties.
For FY2020, the actual amount covers the area of the properties for which API has operational control of energy management. Figure in parentheses includes 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 for Scope 3 fall undercategory 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 that in parenthesis for FY2020 are calculated based on the total area of the properties with reference to the occupancy. Figure for FY2020 is total of the intensity for(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).

Beforecorrection

Environmental impact reducing works

In accordance with the medium- to long-term asset management plan, in every fiscal period, API
undergoes engineering works to reduce environmental impacts such as installation of LED lightingsand energy-saving air-conditioners. Not only common areas, but tenant spaces also get renovatedoccasionally in the event of the tenant replacements.
＜Examples of engineering works to reduce environmental impact>

Environmental Performance

FY2015FY2016FY2017FY2018FY2019FY202086,660102,039

104,804

112,120

116,744

48,774(107,339)

0.23

0.25

0.22

0.22

0.21

0.29
(0.20)

0.06

0.05

0.04

0.04

0.02

0.19

Actual (total)(t-CO2)

34,19737,28540,91046,172

45,347

40,683

Scope 1(direct emission)

-----

1,465

Scope 2(indirect emission)

--

-

-

-

18,037

Scope 3(emission from tenants)

--

-

-

-

21,181

Intensity (total/Scope 1&2)
(t-CO2/㎡)

0.093

0.090

0.087

0.089

0.083

0.116
(0.07)

Actual(㎡)

526,515533,757

591,392

675,847

701,847

443,885

1.42

1.29

1.25

1.30

1.29

0.82

-

12,072

14,961

18,99330,76835,565

2,824

3,209

3,665

4,262

4,367

2,899

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)(Note 1) Principally the figures shown above are the cumulative amounts of the entire portfolio during each fiscal year. (number of properties FY2015：30, FY2016：37, FY2017：40, FY2018：42, FY2019：43, FY2020 : 41)(Note 2) Total amount of consumption fuel (gas, heavy oil, etc.), electricity and district heating / cooling of the properties.
For FY2020, the actual amount covers the area of the properties for which API has operational control of energy management. Figure in parentheses includes 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 for Scope 3 fall undercategory 13and are limited to the data which was able to be collected from tenants.
Figures for intensity from FY2015 to FY2019 as well as that in parenthesis for FY2020 are calculated based on the total area of the properties with reference to the occupancy. Figure for FY2020 is total of the intensity for(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