• Environmental
• Social
• Governance

ESG data including the results of initiatives regarding ESG reported on this Website are as follows.

XLSPlease refer to KPI Actual Results Management Sheet(16.9KB)

For our reduction targets for each item, please refer to Targets for Reducing Environmental Burden.

Environmental

Energy consumption

Actual results of our energy consumption

	Unit	2019	2020	2021	2022	2023	2024
Energy consumption	kWh	253,969,531	213,922,982	220,445,290	223,244,104	218,074,799	256,902,169*
Per-unit energy consumption	kWh/㎡	229	195	197	199	193	207*
Data coverage	％	98.4	98.6	99.4	99.8	100.0	100.0
YoY change per unit	％	ー	-14.9	1.3	0.8	-3.2	7.6
5-year average change per unit	％	ー	ー	ー	ー	ー	1.6

Greenhouse gas (GHG) emissions

Actual results of our greenhouse gas (GHG) emissions

		Unit	2019 (Base Year)	2021	2022	2023	2024
GHG emissions			t-CO2	90,400	76,706	77,684	77,115	86,910
	Scope1	t-CO2	374	389	435	437	239*
	Scope2	t-CO2	1,805	1,304	1,383	1,545	1,618*
	Scope3	t-CO2	88,221	75,013	75,865	75,133	85,052*
Per-unit GHG emissions			t-CO2/㎡	0.081	0.068	0.069	0.068	0.070*
Annual reduction rate to the base year (Per-unit)			％	－	-16.0	-14.8	-16.0	-13.6
Data coverage			％	98.4	99.4	99.8	100.0	100.0

Water consumption

Actual results of our water consumption

	Unit	2019 (Base Year)	2021	2022	2023	2024
Water consumption	㎥	1,124,224	940,709	977,771	967,887	1,100,468*
Per-unit water consumption	㎥/㎡	1.014	0.842	0.871	0.855	0.888*
Annual reduction rate to the base year (Per-unit)	％	－	-16.8	-14.0	-15.6	-12.4
Data coverage	％	98.5	100.0	100.0	100.0	100.0

Waste recycling rate

Actual results of our waste recycling rate

	Unit	FY2020	FY2021	FY2022	FY2023	FY2024
Waste recycling rate	％	54.1	45.6	37.2	64.6	52.7
Data coverage	％	88.0	89.5	86.3	87.3	87.7

In order to ensure the credibility of reported figures, selected environmental data have been subject to limited assurance by KPMG AZSA Sustainability Co., Ltd. since 2022. The data subject to third-party assurance for 2024 is indicated with *.
The Independent Assurance Report（2024）PDF

Note

Boundary

The entire portfolio pertaining to properties owned by Frontier Real Estate Investment Corporation ("FRI") and beneficiary rights．

Reporting Period

Energy consumption, Greenhouse gas (GHG) emissions, Water consumption
12-month period from January to December
The reporting period for data for 2021 and before has been changed to 12-month period from January to December, and the base year in setting targets for greenhouse gas (GHG) emissions and water consumption have also been changed from FY2019 to 2019.

Waste recycling rate
Until FY2021: 12-month period from April to March
From FY2022: 12-month period from January to December

Calculation methods/Emission factors

Energy consumption (unit: kWh)

• Fuel: usage of each fuel type ×unit calorific values × electricity energy conversion factor
  Electricity: purchased amount
• Energy consumption ÷ property floor area (total floor area)

• 5 year average of year-on-year changes per unit

Greenhouse gas (GHG) emissions (unit: t-CO₂)

• energy consumption × CO₂ emission factor
• GHG emissions ÷ property floor area (total floor area)

• GHG emissions consist with only CO₂.
• GHG emissions related to the electricity usage are calculated based on the basic emissions factors for each fiscal year until 2022 and the adjusted emissions factors from 2023 in the "Emissions factors for purchased electricity for each power company (for the use of greenhouse gas emission calculations by specified emitters)" (Ministry of the Environment and Ministry of Economy, Trade and Industry).
  GHG emissions other than those related to electricity are calculated based on the emissions factors in the “List of calculation methods and emission factors used in the Greenhouse Gas Emissions Calculation, Reporting and Publication System” (Ministry of the Environment).
• Definitions of each scope are as follows.
  • Direct GHG emissions from locations owned or controlled by the organization (physical facilities and processes that release GHG into the atmosphere).
    In FRI’s portfolio, this represents the direct CO₂ emissions from the fuel usage at common areas in multi-tenant properties as well as pass-through master lease properties.
  • GHG emissions caused by the generation of electricity, heat and steam purchased by the organization.
    In FRI’s portfolio, this represents the indirect CO₂ emissions from the usage of electricity, heat and steam supplied by third party at common areas in multi-tenant properties and pass-through master lease properties.
  • This represents GHG emissions other than Scope 1 or Scope 2 generated from sources that are owned or controlled by other organizations, but are related to the activities of the organization.
    In FRI’s portfolio, only category 13 (emissions from the operation of assets that are owned by the reporting company (acting as lessor) and leased to other entities) is included in Scope 3 which represents the indirect CO₂ emissions other than Scope 1 or Scope 2 from the usage of electricity, heat and cold water supplied by third party as well as fuel usage.
• GHG emissions quantification is subject to uncertainty when measuring activity data, determining emission factors, and considering scientific uncertainty inherent in the Global Warming Potentials.

Water consumption

• Calculated by aggregating with water usage, gray water usage, rainwater usage, well water usage, recycled water usage, and industrial water usage. This is aggregated by considering the water intake volume to be the water consumption.
• water consumption ÷ property floor area (total floor area)

• Well water usage, recycled water usage, and industrial water usage were added from 2022.
  Well water usage, recycled water usage and industrial water usa ge were added for data for 2021 and before.

Waste recycling rate
Calculated based on emissions worked out in accordance with the standards of each municipality.

Social

32nd &EARTH Clothing Support Project (Fall 2025)

Results of events at FRI properties

Breakdown of the aforementioned results

Date	Facility	Participants	Clothing collected	Additional donations
2025/10/25	LaLagarden KASUKABE	134	575kg	¥5,696
2025/10/26	LaLaport SHIN-MISATO	41	171kg	¥2,200
2025/11/01	LaLaport IZUMI	45	274kg	¥2,636
2025/11/03	Mitsui Outlet Park IRUMA	33	198kg	¥1,100

Governance

Director information

Title	Name	Gender	Attendance at Board of Directors meetings (FY2024)	Total compensation amount in the 43rd Period ended December 31, 2025
Executive Director	Toshihide Ichikawa	Male	100％ (15 times / 15 times)	3,000 thousand yen
Supervisory Director	Koji Iida	Male	100％ (15 times / 15 times)	1,800 thousand yen
Supervisory Director	Noriko Suzuki	Female	100％ (15 times / 15 times)	1,800 thousand yen
Supervisory Director	Junko Suzuki	Female	100％ (15 times / 15 times)	1,800 thousand yen

For brief biographies of directors, see About FRI＞Directors