Frontier Real Estate Investment Corporation

Code 8964

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Social/Environmental Initiatives


External Assessment

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

GRESB Certification
In the 2018 GRESB Real Estate Assessment, FRI received a "Green Star" rating for the four consecutive years and an assessment rank of "4 Star" in GRESB Rating.



■ East Asia Listed / Retail Sector 3rd out of 6
■ Global / All Participants 226th out of 874
Global Real Estate Sustainability Benchmark (GRESB)
GRESB assesses the sustainability of real estate companies and operators. Said assessment is closely watched, as institutional investors use the GRESB benchmark assessment when they select investment targets.
DBJ Green Building Certification

"DBJ Green Building Certification" is a comprehensive evaluation system for real estate properties with high environmental and social awareness by Development Bank of Japan Inc. (DBJ). DBJ conducts an assessment based on the original scoring model and certifies real estate properties with five ranks of certification according to the score from the assessment.

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

Certification rank

  • ★★★★★╱5 star

    Properties with
    the best class
    environmental &
    social awareness

    5stars Mitsui Shopping Park LaLaport SHIN-MISATO
               Mitsui Shopping Park
               LaLaport SHIN-MISATO
    4stars VIORO


  • ★★★★╱4 star

    Properties with
    exceptionally high
    environmental &
    social awareness

    4stars AEON MALL Ibaraki

    AEON MALL Ibaraki

    4stars Mitsui Shopping Park LaLaport Iwata

    Mitsui Shopping Park
      LaLaport Iwata

    3stars Mitsui Outlet Park Iruma

    Mitsui Outlet Park Iruma

  • ★★★╱3 star

    Properties with
    social awareness

    3stars Mitsui Shopping Park LaLagarden KASUKABE

    Mitsui Shopping Park
    LaLagarden KASUKABE

    3stars GINZA GLASSE


    3stars Ikebukuro Square

    Ikebukuro Square



* For more details, please refer to the website of DBJ Green Building.

CASBEE Real Estate Certification

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 Real Estate Certification for the following properties.

Certification rank

  • Rank S

    CASBEE Real Estate Certification


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 is the first J-REIT to receive this assessment.

Assessment rank


Implementing excellent environmental consideration

Key points of the assessment

[1] Keeping track of main environmental loads, such as energy usage, in FRI's owned real estate, with a detailed analysis of factors increasing and decreasing those loads.
[2] Posting "Sustainability Policy" for FRI's asset management company, clearly stating its position on consideration of the environment and local communities through asset management, and pursuing ongoing improvement in environmental activities at owned real estate.
[3] Actively pursuing specific environmental consideration initiatives, such as providing large cycle-parking facilities, encouraging the use of public transport by running campaigns in favor of visiting FRI's owned real estate by bus or train, investing in energy-saving renovations such as conversion to LED in the lighting fixtures of public areas, and introducing renewable energy.


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