Long-term Vision for the Environment

Hulic has formulated the Environmental Policy embodied in our Sustainability Vision and is executing environmentally friendly management. We aim to continue sustainable growth through business activities, with analyzing and evaluating climate change mitigation and adaptation, and we are also implementing initiatives to realize a carbon-free, recycling-oriented society envisioned in Hulic's Long-term Vision for the Environment with targets for 2050.
We have decided to set the long-term vision for environment at the center of our environment related initiatives considering the time frame referred to in the Paris Agreement which was adopted in 2015 at COP21 (The 21st Session of the Conference of the Parties to the United Nations (UN) Framework Convention on Climate Change).

Long-term Vision for the Environment

Hulic executes environmentally friendly management to realize an ideal society of carbon-free and recycling-oriented society in 2050.

Commitment: As a real estate developer, we believe that Hulic can offer value to society by putting our environmental effort into mitigating impact on climate change by reducing greenhouse gas emissions, using resources efficiently, and reducing waste.

Roadmap

• *1Excludes properties for which we do not have energy management authority including master lease properties, residential properties and non-managerial co-ownership properties, and real estate for sale, etc.
• *2Base year: 2019
• *3SBT-approved near-term targets. Combined Scope1 and Scope2 target is consistent with reductions required to keep the global warming to 1.5 ℃, the most ambitious goal of the Paris Agreement.
  Scope3 target meets the SBTi’s criteria for ambitious value chain goals, meaning they are in line with current best practice.

Example of Specific Initiatives

• Converting to 100% renewable energy for electricity consumption at all Company-owned Buildings and achieving RE100 :
  We have been promoting the in-house development of renewable energy power generation equipment(solar and small hydroelectric equipment) and invests in wind power facilities.
• Longer life design buildings :
  We are reducing waste by making our longer life design of buildings that can accommodate tenant needs flexibly and can be used safely over a 100 years as standard specifications in all developments and reconstructions.
• Fireproof hybrid wooden buildings :
  We have been developing and spreading fireproof wooden buildings using timber that requires less energy for manufacturing and processing as the construction material than steel and concrete as well as contributes in fixing carbon.
• Reduction of embodied carbon :
  We are actively adopting environmentally-friendly building materials in development projects to reduce embodied carbon, which is the greenhouse gas emissions emitted from the procurement of building materials, construction, renovation and demolition (disposal) during the construction of buildings.
• Development of ZEB (Net Zero Energy Building):
  ZEB is a building that reduces the annual primary energy consumption of the building to net zero while providing a comfortable indoor environment. We are working to develop ZEB in development projects.
• Environmentally friendly technologies :
  We have developed unique natural ventilation and natural lighting systems (louvers) in collaboration with the Massachusetts Institute of Technology. We have also obtained patents for and are commercializing photovoltaic panels, which were jointly developed with another company, and a thin-layered wall greening system, natural lighting films etc.