ESR Group Limited Annual Report 2022 47 PILLAR 2: PROPERTY PORTFOLIO This pillar focuses on environmental impacts within ESR’s control or significant influence on areas relating to the design, construction, maintenance and operations of our assets. Sustainable Building Certifications As an enlarged Group, we have obtained a total of 218 sustainable building certifications and ratings across 164 completed directly managed assets which represents approximately 11 million sqm in GFA. Certain assets have received multiple certifications or ratings such as LEED, WELL Health-Safety and NABERS. Separately, there are additional 6 sustainable building certifications received for our development projects under BELS, CASBEE and Green Mark. Climate Change Resilience The Group adopted the recommendations under the Task Force on Climate-related Financial Disclosure (TCFD) Framework in our ESG report. As part of these recommendations, we commenced climate scenario analysis as well as climate-related risks assessments for certain portfolios to identify, assess and mitigate climate-related risks and opportunities across our business. ESR is committed to continually monitor and report the impacts of these climate-related risks and opportunities to future-proof our assets. Sustainable & Efficient Operations During the past year, several assets were selected to undergo asset enhancement initiatives to improve energy efficiency. As part of our commitment to decarbonise our portfolio, we also worked with various stakeholders to implement decarbonisation initiatives. For example, ESR Japan formed a strategic partnership with Enerbank to participate in the Green Energy Certificate system, providing a renewable energy source of self-generated solar power from the rooftops of our logistics facilities to be certified as Green Energy Certificates. ESR South Korea formed a joint venture with SK Plug Hyverse and Coupang Fulfilment Services to develop Mokcheon LP into South Korea’s first hydrogen powered fulfilment centre. In addition, ESR is developing a decarbonisation plan across the enlarged Group to drive further carbon reduction in the long-term. ARA became a signatory to the World Green Building Council (WorldGBC)’s Net Zero Carbon Building Commitment in May 2021 and is on track to develop a decarbonisation strategy to achieve net zero operational carbon by 2030. ESR Nanko Distribution Centre, Japan STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENT
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