First true asset manager to work with Enerbank to deliver environmental value to customers/tenants with the country’s authorized green energy certificate system
The solar energy self-produced by ESR from its logistics facilities is now recognized as part of the electricity network of Japan sustain renewable energy consumption
TOKYO, July 8, 2022 /PRNewswire/ — ESR Group Limited (“ESR” or the “Company”, together with its subsidiaries as a “Group”; stock code SEHK: 1821), APAC’s largest real estate asset manager powered by new economy, is the first true asset manager to partner with Enerbank, one of the leading operators of green certificates in Japanto participate in the Green Energy Certificate system.
Thanks to this system, the solar energy self-generated by ESR from its logistics facilities is now recognized as a renewable energy source which is injected into the electricity grid in Japanand offering an alternative option for businesses and communities Japan to validate their renewable energy contribution with green energy certificates issued by Enerbank. As a result, energy from ESR’s facilities’ solar panels that is supplied on-site to its tenants and customers can now be channeled into their utility companies’ electrical grid system for the benefit of others. Additionally, ESR’s self-generated energy can be accounted for and certified through green energy certificates issued to businesses and communities to reduce their carbon footprint.
Stuart Gibsonco-founder and co-CEO of ESR said, “ESR is delighted to be working with Enerbank to pilot the green energy certificate system in our new economic infrastructure in Japan. Aligned with ESRs ESG Roadmap 2025our ambition is to further increase solar power generation in all operating markets and work towards a 50% increase in installed solar power capacity on ESR rooftops by 2025. Today, our portfolio across the expanded group has over 100MW of solar power capacity and we intend to grow significantly in Japan go forward. Plus, we’ve stayed ahead of the curve by incorporating sustainability features and low-carbon innovations into our best-in-class facilities to mitigate environmental impacts.
“Our partnership in the Green Energy Certificate System underscores our commitment to deploying and actualizing the environmental value of renewable energy resources to achieve sustainable and efficient operations not only at our premises, but also throughout our value chain. .”
The green energy certificate system operates through the certification of the environmental value of ESR’s self-generated solar energy by the Japan Quality Assurance Organization (JQA), combined with the exchange of green energy certificates. energy certificates issued by Enerbank, a national issuer holding licenses of green energy certificates. . By collaborating with Enerbank, the environmental value of the actual volume of solar energy generated by the rooftop solar panels of ESR’s new economy facilities can be certified, and a green energy certificate (indicating the environmental value) will be issued by Enerbank for customer needs. . This allows ESR to support and measure its partners and customers in their efforts to reduce emissions, while expanding the application of green energy within the Group’s ecosystem.
To begin with, Fukuhara Kogyo Co. Ltd, one of ESR’s business partners operating in the design and construction of photovoltaic power generation equipment in the country, recently received a green energy certificate issued by Enerbank, for 280 MWh of solar powered energy. by the ESR Fujiidera distribution center.
ESR uses self-generated solar energy for its own operations in several of its assets in Japan. Since June 2021, ESR Ichikawa Distribution Center has started supplying self-generated electricity to its tenants. In addition, ESR Fujiidera Distribution Center and ESR Kuki Distribution Center have started supplying self-generated solar power since August 2021 and December 2021, respectively. From June 2022, the total certified volume of self-produced electricity from these two facilities amounts to approximately 119 MWh since their creation. ESR Noda Distribution Center, ESR Moriya Distribution Center, ESR Chigasaki Distribution Center and ESR Yatomi Kisosaki Distribution Center are some of the assets that will be installing new rooftop solar panels starting in 2022.
“Stakeholders around the world have shown more urgency to accelerate the transition to a low-carbon future to combat climate change. ESR recognizes the impact of carbon emissions on the environment and is taking proactive steps to decarbonize its portfolio of assets The focal point is for ESR to increase its production of renewable energy as part of its decarbonization strategy to achieve net zero carbon and to develop a complete ecosystem to meet the needs of its customers in green energy and certification,” added Boon Kang Tang, Group Head, Governance and Sustainability.
In addition to deploying renewable and green energy sources, ESR has made significant progress in accelerating its ESG efforts across multiple fronts of its business, including sustainable finance, green building certifications, diversity and inclusion. , and community engagement. More recently in June 2022, the Group became a signatory to the Principles for Responsible Investment (PRI) supported by the United Nations, thus reinforcing its commitment to adopting and promoting responsible investment practices. In May 2022ESR has closed its fourth Sustainability Linked Loan (“SLL”), representing a total of almost US$2.5 billion in SLL throughout the enlarged Group over the last six months. The group also recently appointed two independent non-executive female directors, bringing diverse experiences and perspectives to the board and to the company to drive sustainable growth.
ESR is APAC’s largest real estate asset manager powered by the new economy and the third largest listed real estate investment manager in the world. With US$140.2 billion of total assets under management (AUM), our fully integrated development and investment management platform spans major APAC markets, including China, Japan, South Korea, Australia, Singapore, India, New Zealand and South East Asiaaccounting for over 95% of GDP in APAC, and also includes a growing presence in Europe and in the United States We offer a diverse range of real estate asset investment solutions and new economy real estate development opportunities across our private fund businesses, enabling financial partners and clients to capitalize on APAC’s most important secular trends. ESR is the largest REIT sponsor and manager in APAC with a total AUM of 45 billion US dollars. Our goal – Space and investment solutions for a sustainable future – drives us to manage sustainably and impactfully and we consider the environment and the communities in which we operate as key stakeholders in our business. Listed on the main board of the Bourse de hong kong, ESR is part of the FTSE Global Equity (Large Cap) Index Series, the Hang Seng Composite Index and the MSCI Hong Kong Index. More information is available at www.esr.com.
Chang Rui Hua
Group Head of Capital Markets and Investor
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