GLP J-REIT Obtains BELS and ZEB Certifications
GLP J-REIT aims to certify more than 80% of portfolio with green building certifications by 2024
Tokyo and Singapore, 1 September 2021 – GLP J-REIT announced today that five properties (GLP Kawajima, GLP Sayama Hidaka II, GLP Kashiwa II, GLP Rokko III and GLP Kiyama) have received Building Energy-efficiency Labeling System (BELS) certifications and four of the properties (GLP Kawajima, GLP Sayama Hidaka II, GLP Kashiwa II and GLP Rokko III) received the highest BELS ratings of five stars and "Zero Energy Building (ZEB) Ready" evaluations.
BELS is a third-party certification system in Japan that assesses the energy conservation performance of buildings, in line with the guidelines set by the Ministry of Land, Infrastructure, Transport and Tourism of Japan. Certifications are based on a five-scale system (one star to five stars).
ZEB refers to a building that has annual energy consumption that is effectively zero. These ultra eco-friendly buildings are created through concerted efforts in energy conservation such as via better heat insulation, solar shading, natural energy and high-efficiency equipment, coupled with the creation of new energy alternatives including photovoltaic power generation. ZEB buildings contribute less overall greenhouse gas to the atmosphere during operations than similar non-ZEB buildings.
Since the Building Energy Index (BEI), which is used for BELS evaluation, is also used for ZEB evaluation, it is possible to display ZEB evaluation in BELS evaluation. ZEB evaluation can be indicated with four levels, "ZEB," "Nearly ZEB," "ZEB Ready," and "ZEB Oriented," depending on the zero-energy achievement status.
GLP J-REIT together with its asset manager GLP Japan Advisors Inc. and sponsor group the GLP Group give the utmost consideration to environmental protection and fulfill their social responsibilities in ensuring the health and safety of our customers and local communities as well as employees.
GLP J-REIT has set a goal to aim to certify more than 80% of its portfolio with green building certifications by 2024 from 67% following the announcement of these new certifications.
GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. Our combined investing and operating expertise allow us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, the U.S. and Vietnam and have more than US$118 billion in assets under management in real estate and private equity.
We are committed to a broad range of environmental, social and governance (ESG) commitments that elevate our business, protect the interest of our shareholders and investors, support our employees and customers, and enhance our local communities. Learn more at glp.com/global.
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