External Evaluation
GRESB Real Estate Assessment
The "GRESB Assessment" is an annual benchmark survey for evaluating environmental, social and governance (ESG) considerations in the real estate sector, established in 2009 primarily by major European pension fund groups.
The characteristic of the GRESB Real Estate Assessment is that it evaluates sustainability efforts by real estate companies and REITs, etc., not of individual properties. During the 2023 Assessment, NBF's initiatives were highly appreciated in both dimensions of "Management Component" and "Performance Component" as sustainability efforts, and it has received a "Green Star" recognition since 2015. NBF also received a "4 Stars" based on its overall GRESB Score ranking. In the 2023 GRESB Public Disclosure Level evaluation scheme, the initiatives of NBF were highly evaluated in both dimensions of our proactive information disclosure practices in connection with environmental and sustainability initiatives, and NBF received an "A", the most superior rating.
NBF will disclose information on its ESG activities to investors through GRESB assessment while utilizing the assessment results as an opportunity to improve its initiatives.
SBT Certification
NBF has established the following targets for reducing greenhouse gas emissions and the Science Based Targets initiative (SBTi) has approved it as NBF’s science-based emissions reduction targets.
| Targets | Base Year | Target Year | Target GHG | GHG reduction targets |
|---|---|---|---|---|
| Near-term target | 2021 | 2030 | Scope 1＋2 | 42% reduction |
| Net zero target | 2050 | Scope 1＋2＋3 | Net zero (More than 90% reduction) |
The science-based targets (SBT) are a scientifically based GHG emissions reduction targets approved by SBTi, an international joint initiative established in 2015 by CDP, the United Nations Global Compact, the World Resources Institute (WRI) and World Wide Fund for Nature (WWF).
