External Evaluations, and Initiatives

FRI has received environmental certification/recognition from the following external assessment organizations for its sustainability activities.

GRESB Assessment

In the 2023 GRESB Real Estate Assessment, FRI received an assessment rank of "4 Stars" and a "Green Star" status for the nine consecutive years in the GRESB Real Estate Assessment, as well as the highest "A Level" for the GRESB Public Disclosure Level Assessment.


4 Stars

GRESB is a benchmark assessment to measure environmental, social, and governance (ESG) consideration of real estate companies and funds, as well as the name of organization which runs the assessment.
GRESB data is used for investment decision-making and engagement with investees.

SMBC Environmental Assessment

"SMBC Environmental Assessment Loan" is a system in which the state of a company's environmental consideration is assessed using criteria prepared independently by the Japan Research Institute, Limited, and Sumitomo Mitsui Banking Corporation sets conditions for loans according to the results of the assessment.
The degree of progress in environmental management is comprehensively gauged from four aspects: [1] The state of awareness of environmental loads; [2] the extent of environmental conservation measures and the results of such efforts; [3] the state of environmental management system building; and [4] the extent of initiatives for environmental communication and environmental business.
FRI received this assessment as the first J-REIT on August 29, 2017.

Certification rank

AAImplementing excellent environmental consideration

Green Building Certification

・Status of Green Building Certifications (as of December 31, 2023)

  • Percentage of certified properties is calculated on a floor area basis (excluding land interest properties)

・DBJ Green Building Certification

DBJ Green Building Certification Program was launched by DBJ in April, 2011 for the purpose of supporting the properties which give proper care to environment and society (Green Building).

FRI has received DBJ Green Building Certification for the following properties.

Certification rank (Date of certification)

  • ★★★★/4 star

    Properties with exceptionally high environmental & social awareness

    You Me Town Hiroshima
    (December 20, 2022)

    Mitsui Shopping Park
    LaLaport SHIN-MISATO
    (April 27, 2022)

    Mitsui Shopping Park
    LaLagarden KASUKABE
    (April 27, 2022)

    Mitsui Outlet Park IRUMA
    (February 21, 2022)

    Mitsui Shopping Park
    LaLaport IWATA
    (February 21, 2022)

  • ★★★/3 star

    Properties with excellent environmental& social awareness

    Rakuhoku HANKYU SQUARE
    (December 21, 2023)

    Ikebukuro GLOBE
    (December 20, 2022)

    Ikebukuro Square
    (April 27, 2022)

    AEON MALL Ibaraki
    (February 21, 2022)

    (February 21, 2022)

    (February 21, 2022)

    AEON STYLE Shinagawa Seaside
    (March 19, 2021)

For more details, please refer to the following website.

・CASBEE Assessment

The "Comprehensive Assessment System for Built Environment Efficiency" ("CASBEE") is a system for comprehensively assessing and ranking the environmental performance of buildings with regard to aspects such as the enhancement of environmental quality and performance including indoor comfort and consideration for the landscape, on top of the aspect of environmental consideration such as energy saving and the use of materials and equipment with a lower environmental burden.

FRI has received CASBEE Assessment for the following properties.

Assessment rank (Date of certification)

  • RankS

    BRANCH Hakata Papillon Garden
    (June 30, 2023)

  • RankA

    (August 31, 2023)

For more details, please refer to the following website.

Health and productivity Management (Asset Management Company)

Certified Health & Productivity Management Outstanding Organizations Recognition Program(METI)

The asset management company has been recognized as a 2023 Certified Health & Productivity Management Outstanding Organization (small- and medium-scale corporation sector) under the Certified Health & Productivity Management Outstanding Organizations Recognition Program for the five consecutive years. This Recognition Program recognizes large enterprises, SMEs and other organizations that are engaged in particularly impressive health management, based on initiatives aimed at addressing health-related issues in communities and initiatives aimed at improving health led by the Nippon Kenko Kaigi.
Also, The Asset Management Company earned Silver Certification as a company with a superior health program from the Tokyo Association, National Federation of Health Insurance Societies in July 2023.

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