ESG Policy/Promotion System

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Global Alliance Realty Co., Ltd. (“GAR”), the asset manager of Global One Real Estate Investment Corp. (“GOR”), has decided to incorporate a perspective on Environmental, Social, and Governance (“ESG”) into its overall operations in line with the following “ESG Policy” as it is believed ESG consideration will contribute to maximizing clients’ interests in the medium to long term.

GAR will continue to promote efforts on ESG in order to maximize GOR’s interests.

ESG Policy

1.Responding to Climate Change

We will contribute to combating climate change by promoting energy efficiency in real estate and using renewable energy. In addition, we aim to provide safer and more competitive real estate by considering climate change adaptation.

2.Considering User Health and Well-being

We will improve the health and well-being of tenants and users and increase the added value of real estate by enhancing the indoor and outdoor environment and common use area functions.

3.Developing Human Capital

We believe that each employee is a valuable asset and recognize that the fulfillment of potential by various employees is necessary for the continued improvement of corporate value. For this reason, we will aim to improve the health of officers and employees and engage in human capital development through personnel systems, education, and training.

4.Developing ESG Awareness

We will work to enhance awareness of various aspects of ESG, not only among employees, but also tenants and suppliers of properties owned by clients. In addition to contributing to improving competitiveness of GAR and tenants, we aim to contribute to the realization of a sustainable society

5.Communicating ESG Information

We will proactively disclose ESG promotion structures, strategies, and performance. Moreover, we will seek to secure informational objectivity by using external evaluations.

6.Eliminating Conflicts of Interest and Emphasizing Compliance

We will strictly eliminate conflicts of interest to protect clients’ interests, and will emphasize observing laws, regulations and internal rules with an aim to gain the trust of a wide range of stakeholders.

ESG Promotion System

GAR has established the following system with the aim of continuously and systematically promoting GOR’s initiatives based on its ESG policy.

Through an ESG Promotion Council, discuss matters such as various ESG policies, yearly targets related to respective policies, various measures, and information disclosure.

The president shall be the top officer for ESG-related matters. The top officer shall assume overall control in developing a system for promoting ESG, setting various policies and yearly targets related to the respective policies, as well as various measures based on such.

The operating officers for ESG shall be the executive officer(s) in charge of REIT Management Department or REIT Finance Department, the General Manager of REIT Management Department, and the General Manager of REIT Finance Department. Operating officers shall develop a system for promoting ESG, set various policies and yearly targets related to the respective policies, and formulate various measures based on such under the overall control of the top officer, as well as implement these in accordance with the decisions made by the top officer.

ESG Promotion Council (held once or more every three months)
Constituent members
  1. President [Top officer]
  2. The executive officer(s) in charge of REIT Management Department or REIT Finance Department, the General Manager of REIT Management Department, and the General Manager of REIT Finance Department [Operating officer]
  3. Executive Officer in charge of Compliance Office, General Manager of Compliance Office, Compliance Officer
  4. Executive Officer in charge of Planning & General Affairs Department, General Manager of Planning & General Affairs Department
  5. Executive Officer in charge of Research Department, General Manager of Research Department
  6. Co-General Manager of Research Department (Property Management)
  7. Co-General Manager of Research Department (ESG Promotion) [secretariat]
  8. Executives and employees appointed as needed
Details of issues
  1. Development of system regarding ESG promotion and setting items for implementing initiatives
  2. Setting yearly target figures and progress management related to various ESG policies
    (Policies on energy saving, reduction of greenhouse gas emissions, water saving, waste, etc.)
  3. Management and review of implementation status at various measures based on the above yearly targets
  4. Proposal on information disclosure methods concerning above items
  5. Operate and organize Environmental Management System (EMS)

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