International Initiatives and External Certifications

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International Initiatives

Support for Task Force on Climate-Related Financial Disclosures (TCFD) Recommendations

In September 2021, the Asset Management Company endorsed the recommendations of the TCFD, and joined the TCFD Consortium, which is a group of domestic companies that support TCFD recommendations.
The Asset Management Company will declare its support for the recommendations of the TCFD, and promote initiatives based on these recommendations.

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External Certifications

GRESB Real Estate Assessment

GRESB is an annual benchmarking assessment to measure ESG (Environmental, Social and Governance) integration of real estate companies and funds, as well as the name of organization which runs the assessment. It was founded in 2009 by a group of major European pension funds who played leading roles in launching Principles for Responsible Investment (PRI). The GRESB Real Estate Assessment is distinguished by its comprehensive evaluation of sustainability efforts of real estate companies and REITs, etc., and not of individual properties.
NAF has received a "Green Star" rating since it is highly evaluated in both areas "Management Component" and "Performance Component" with regards to activities for environmental consideration and sustainability.
Moreover, NAF has received "Two Stars" in "GRESB Rating" by relative evaluation of total scores.

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CDP Climate Change Program

The CDP is an international environmental non-profit organization established in the U.K. in 2000 that administers a global environmental disclosure system for corporations and municipalities. Its annual disclosure of environmental information and its evaluation process are widely recognized as the global standard in corporate environmental disclosure.
Respondent companies are ranked with a score from A to D- based on criteria for disclosure comprehensiveness, environmental risk recognition and management, ambitious target-setting, progressive environmental initiatives, and other areas.

NAF participated in the CDP Climate Change Program for the first timein2024.

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For information on the CDP assessments, please refer to the following website.
CDP website

SMBC Environmental Assessment Loan

NAF has received an “A” rating for the SMBC Environmental Assessment Loan from Sumitomo Mitsui Banking Corporation, as asset management is carried out with proper consideration for the environment and it was deemed in an assessment of environmental initiatives that NAF is at a high level in terms of “understanding environmental impact,” “environmental business,” and the “status of efforts for environmental conservation measures.”

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CASBEE Certification

CASBEE is an evaluation system for rating the environmental performance of buildings, developed under the auspices of the Ministry of Land, Infrastructure, Transport and Tourism. The system rates the overall quality of buildings based on consideration for the environment, such as the use of energy-saving materials or equipment or those with a low environmental impact, as well as consideration for the comfort inside the buildings, landscaping and other factors.
Certification for CASBEE for Real Estate is rated in four scales: rank S, rank A, rank B+ and rank B.

Certification rank

This table can be scrolled sideways.

Rank Assessment Scores for additional points
S Excellent 78 points or more
A Very Good 66 points or more
B+ Good 60 points or more
B Satisfies Criteria 50 points or more

Properties with CASBEE Certification (As of February 28, 2025)

This table can be scrolled sideways.

Name of property Location Certification rank Date of Certification
Park Cube Meguro Tower Meguro-ku, Tokyo
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S
February 24, 2023
Park Axis Ochanomizu Stage Bunkyo-ku, Tokyo
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A
April 6, 2023
Shibaura Island Air Tower Minato-ku, Tokyo
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A
February 14, 2024
Park Cube Nishigahara Stage Kita-ku, Tokyo
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A
February 15, 2024
Park Axis Toyosu Koto-ku, Tokyo
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A
August 26, 2024
Park Axis Tatsumi Stage Koto-ku, Tokyo
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S
August 26, 2024
Okawabata Apartment Communities (River Point Tower) Chuo-ku, Tokyo
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A
February 10, 2025
OkawabataApartment Communities (Park Side Wings) Chuo-ku, Tokyo
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A
February 10, 2025
Park Cube Atagoyama Tower Minato-ku, Tokyo
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S
February 10, 2025
Park Axis Toyocho Shinsui Koen Koto-ku, Tokyo
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A
February 10, 2025

Initiatives for Green Building Certification

Green building certifications are granted by third parties regarding initiatives for the reduction of environmental load of buildings, improvement of comfort of users, etc. to assure high performance.
In an aim to increase the credibility and objectivity of its efforts to reduce environmental load as well as increase the value of its buildings in the mid-to-long-term, NAF endeavors to utilize green building certifications from third parties.

Status of External Certification

Green Building Certification