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ESG Initiatives

LLR's ESG Policy

Investing in our future

LaSalle LOGIPORT REIT’s (“LLR” or “Investment Corporation”) basic philosophy is to increase unitholder value through stable, long-term growth in cash flow and asset value. We believe that the implementation of best practices related to environmental, social and governance matters helps to mitigate risks and contributes to the sustainable improvement of unitholder value and is consistent with the basic philosophy set forth by the Investment Corporation.

ESG objectives

As a member of the LaSalle Group ("LaSalle"), LaSalle REIT Advisors K.K. (“LRA” or “Asset Manager”), the asset management company of the Investment Corporation, strives to achieve the following ESG objectives in accordance with LaSalle’s ESG Policy.
・Reduce the environmental impact of our business
・Reduce the environmental impact of our clients’ real estate holdings
・Exceed local environmental regulations where appropriate
・Drive thought leadership and innovation on sustainable property investments
・Collaborate with clients, tenants, property managers, and other service providers to provide sustainable management of properties

ESG promotion system

Board of Directors

The Board of Directors will receive a report from the Sustainability Promotion Committee at least once a year on the development of goals and policies related to ESG, including climate change, and the status of their efforts. The Board of Directors oversees ESG initiatives, including climate change, based on these reports at LRA.

President and Representative Director

As the chairman of the Sustainability Promotion Committee, oversees the execution of ESG goals, including climate change, at LRA.

Sustainability Promotion Committee

LRA has established a Sustainability Promotion Committee chaired by the President and Representative Director, which holds regular meetings once a year to establish ESG-related goals and policies, including climate change, and to monitor the progress of these efforts. The members of the Sustainability Promotion Committee consist of the managers of LRA's major ESG-related divisions and other staff members in charge of ESG-related activities. The committee promotes ESG-related activities in collaboration with LaSalle's Global Sustainability Committee (which meets at least six times a year) and the sustainability officer responsible for Asia Pacific.

Sustainability Promotion Committee

Chairman CEO
Members Head of Acquisitions, Head of Asset Management, Energy Management Planning Officers, Compliance Officer, and other personnel in charge of day-to-day implementation
Frequency Once a year
Main topics

・Establishment of initiatives based on LaSalle's globally promoted ESG strategy in alignment with the Asset Manager’s fiduciary responsibilities

・Analysis, assessment, and monitoring of climate change risks
・Monitoring of energy consumption, GHG emissions, water consumption, and waste
・Establishment of policy on measures at the property level

Sustainability training

LRA conducts regular training for all employees, including contract employees, in collaboration with LaSalle’s Global Head of ESG. LaSalle has also introduced a system that allows employees to use an online platform to participate in training programs (videos, courses, webinars, etc.) in order to deepen knowledge, raise awareness, and share best practices related to ESG.

Incorporating ESG Elements into Performance Reviews

During the annual employee goal setting procedure, LRA requires all officers and employees establish their ESG-related goals. The degree of achievement is reflected as part of the bonus assessment, and outstanding initiatives are also subject to additional internal recognition awards.

Support for ESG Initiatives

Principles for Responsible Investment (PRI)

Since 2009, LaSalle has been a signatory of the United Nations-backed Principles for Responsible Investment (PRI) and is committed to reporting progress on PRI's six principles. In the evaluation by PRI in 2020, we won the highest A+ rating in the areas of "Strategy and Governance" and "Real Estate." We are working to earn high marks for the next annual evaluation in 2023.

United Nations Environmental Program Finance Initiative (UNEP-FI)

LaSalle signed the United Nations Environment Program Finance Initiative (UNEP-FI) in 2018. As a member of UNEP-FI’s Property Working Group, LaSalle is working to promote sustainable investment practices.

Task Force on Climate-related Financial Disclosures (TCFD)

LRA has expressed its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). LRA will further deepen its efforts to address climate change and will continue to enhance information disclosure on climate-related issues in order to strengthen dialogue with investors and other stakeholders.

Net Zero Emissions

LaSalle is participating in the following initiatives and has announced a commitment to reduce the amount of CO2 emitted by its properties operating worldwide to a net zero figure by 2050.

・ULI Greenprint / Net Zero Carbon x 2050

・Net Zero Asset Managers Initiative