2. Overview
  3. Sustainability
  4. ESG Initiatives

ESG Initiatives

01. Environment Initiatives

(1)Major initiatives by each property


Canal City Hakata
Canal Water Filtration System (System to use rainwater as water)
Canal City Hakata’s symbolic canal has both a recreational function and as a source of water to fight fires in the case of an emergency. At all times, this canal holds roughly 1,200 tons of water, and this water uses rainwater in order to conserve resources.
Groundwater Purification System (RO treatment system)
Canal City Hakata uses a water treatment system employing a special RO (reverse osmosis) membrane (Note) to reuse on-site groundwater and produce the water used at the property.
  • (Note) RO membrane: A membrane with extremely small holes that allows basically only water to pass through and eliminates impurities and harmful substances. This membrane makes it possible to generate drinking water from both seawater and muddy water.
Greywater Plant (Kitchen drainage reuse system)
At Canal City Hakata the kitchen drainage from restaurants are processed to greywater and re-used as washing water for toilets within the buildings.
Replacement and new installation of water stops
Reviewed the specifications and installation locations of existing water stops throughout Canal City Hakata, and newly installed or repaired the equipment as a countermeasure against river floods due to typhoons and local heavy rains, which are said to be frequent and severe global warming in the future.
By greening the common areas of facilities, mitigation of the heat island phenomenon and purification of the atmosphere are promoted in order to provide a place of comfort for employees and visitors as well as a habitat for living organisms.
Conversion of raw garbage into animal feed
Consignment of the collection of raw garbage from each restaurant to a recycling company, which recycles it into animal feed.
Park Place Oita
Reduction in Air Conditioning Load
In the facility, coating film containing a shading agent has been applied to the skylights in the food court passageway and in the dining terrace.
By greening the common areas of facilities, mitigation of the heat island phenomenon and purification of the atmosphere are promoted in order to provide a place of comfort for employees and visitors as well as a habitat for living organisms.
Conversion of raw garbage into animal feed
Consignment of the collection of raw garbage from each restaurant to a recycling company, which recycles it into animal feed.
Switch to LED lighting
Changing lighting for parking to LED.
Konoha Mall Hashimoto
Solar Power Generation System
Solar panels have been installed on top of the symbolic leaf-shaped structural objects, and a solar power generation system integrating building design and environment has been installed.

Office buildings

Enhancing energy efficiency
◎Replacement of air-conditioning equipment
・Sanix Hakata Building
(Tenants' exclusive areas, common spaces)

◎Switch to LED lighting
・Higashi Hie Business Center
(Some exclusive areas)
・Gofukumachi Business Center
(Interior shared spaces, some external areas, exterior lighting, etc.)
・Sanix Hakata Building
(Interior recessed lighting)
・Taihaku Street Business Center
(Entrance, interior shared spaces, etc.)
・Tenjin North Front Building
(Common spaces)


Utilization of renewable energy / Logistics (LOGICITY Minato Kashii, LOGICITY Hisayama)
Solar panels have been installed on the roofs of LOGICITY Minato Kashii and LOGICITY Hisayama.
Installed water stops / Hotels (Tissage Hotel Naha)
Newly installed water stops and added automatic doors on the side of the entrance to prevent water instrusion upon typhoons.
Enhancing energy efficiency / Residences(Aqualia Chihaya)
◎Installation of electronic circuit breaker.

(2)Green Building Certification

Green Building certificate acquisition ratio
Green Building certification obtained for 84.6% of entire portfolio[as of Feb 13, 2024]
(based on total floor space)
DBJ Green Building Certification
Fukuoka REIT has obtained DBJ Green Building Certification, a system by Development Bank of Japan Inc. (DBJ) to support building with environmental and social awareness, for the following 12 properties.
CASBEE (Comprehensive Assessment System for Built Environment Efficiency) Evaluation
CASBEE (Comprehensive Assessment System for Built Environment Efficiency) is a method for evaluating and rating the environmental performance of buildings. It is a system that comprehensively evaluates for the quality of a building, evaluation features such as interior comfort and scenic aesthetics, in consideration of environment practices that include using materials and equipment that save energy or achieve smaller environmental loads. Four properties owned by the Fukuoka REIT Corporation were certified.
BELS(Building-Housing Energy-efficiency Labeling System) Evaluation
This is a system in which a third party evaluates and announces the energy-conservation performance of non-residential buildings based on the “Guidelines for Evaluation of Energy Conservation Performance of Non-residential Buildings (2013).” five properties owned by the Fukuoka REIT Corporation were certified.

02. Social Initiatives

(1)Initiatives with employees

Asset management company’s work style reform

On August 28, 2018, Fukuoka Realty Co., Ltd. was certified as a “Fukuoka ‘Work Style Reform’ Promotion Company.” This is a system to recognize companies that have achieved at least a certain number of the “initiative items” selected by Fukuoka City as indicators to advance work style reforms.

●Recognized initiatives
・There is a training system for employees
・There is a support system for self-development initiatives
・There is a system to support the setting of career advancement goals and to consult about career-building
・There is a certification acquisition support system, English training system, and a bookkeeping learning (support) system
・The company has measures in place to encourage the shortening of working times
・There is a system allowing employees to take time off in increments of hours or half-days
・There is a personnel development system, including training that contributes to career advancement
Fukuoka Realty Co., Ltd(As of February 29, 2024)

This asset management company has 48 employees, and the average number of years of continuous service of permanent employees is 8 years, 0 months.

●Full-time personnel: 48 (Male : 24 Female : 24) ※Male:50.0%, female:50.0%
●Employees seconded from sponsors : 3
●Employees seconded to sponsors, etc. : 8
●Numbers of credentialed
・Real estate brokers:23
・ARES Certified Master:21
・Certified Building Administrators:5
・First-class registered architect:3
・Real estate appraisers:3
・Licensed Representative of Condominium Management Company:1
・Information Technology Passport Examination:3
●Support for flexible working styles
・Child-rearing support (maternity leave, childcare leave system,childcare support system)
・Nursing care leave
・Leave for voluntary work
・No overtime days
・Employee welfare(401K, cumulative investment system, etc)
・Encouraging use of paid holidays
●Career development support
・Employee satisfaction survey
・Self-assessment system
・Career interview(Conduct a career interview once a year)
・Secondment system (dispatching of employees to sponsor companies)
・Promotion from contract employee to permanent employee status, etc.
・Offering of training programs tailored to each management level
・System for supporting acquisition of qualifications (※)
(Real Estate Securitization Master, Real Estate Transaction Agent, etc.)
・Support for language learning
(Note) The asset management company stipulates that it shall cover some of the costs for employees to obtain the ARES Certified Master and other qualifications related to their business assignment, as well as part of the costs for training and seminars related to their assignment.
●Employee satisfaction survey
The asset management company conducts an employee satisfaction survey every year. It aims to be a company in which employees feel pride and pleasure, and strives to maintain and improve the health and comfort of its employees. Furthermore, it is always open to internal business improvement proposals, and opinions from employees are used as reference information for improvement of the office environment. As for the results of improvement proposals, it provides internal feedback and commends proposals that lead to actual improvements.
●Trainig for employees
・Regular lectures by Kyushu Ecomomic Research Center
・Compliance training
・ESG training
・Integrated report study
・In-house recreation, etc.
●Health management initiatives
・Efforts to Prevent Influenza and Other Infectious Diseases(Implementation of flu immunization and bearing of the full cost of immunization)
・Employee satisfaction surveys (outsourced in 2022)
・Requiring medical check-ups and comprehensive medical examinations
・Health counseling by public health nurses
・Curtailing excessive overtime work through application system
・Subsidizing the use of sports clubs
・Installation of personal booths, meeting booths, plants, etc.
・Installation of personal lockers

(2)Tenant Initiatives

Fukuoka REIT engages in a variety of initiatives for tenants to promote their understanding on sustainability.

● Training for tenants's employees
● Emergency drills intended to improve tenant safety and security
● Distribute sustainability guidebooks
● Hold events to improve sustainability awareness(Used clothing collection events water, participated in sprinkling water events to cool down sidewalks and streets to promote well-being, etc.)
● Conduct sustainability training, etc.(Training on “GHG Emissions Initiatives” is provided to PM and BM to promote GHG emissions reduction. )
●Implementation of tenant satisfaction surveys (outsourced in 2022 for all properties)
●Support for tenants’ employees and part-time job for recruitment (posted on property websites)
Improved the employee lounge environment at Company-owned Konoha Mall Hashimoto with focus on health and comfort of tenants’ employees.

(3)Local communities’ initiatives

  • Safety town council

    At Park Place Oita, we established a “Safety Town Council” that partners with related institutions and groups to conduct crime-prevention patrols and proactively strives to prevent youth misconduct.

  • Clean-up days

    Employees actively participate in community clean-up activities. (Total 317 as of March 14, 2024)

  • Participation in local event (Yamakasa)

    Employees of the Company participated in the Hakata Gion Yamakasa Oiyama, the first regular event held in four years (Hachiban Yamakasa Kamikawabata Dori)

  • Support for development and revitalization in the areas in which we invest

    Implementation of corporate version of Furusato (hometown) tax payment by corporations
    (Kikuyo-machi, Ozu-machi, and Koshi City, Kumamoto)
    ※Donation presentation ceremony

(4)Green Leasing

Fukuoka REIT promotes green leasing as one of its tenant initiatives. We have concluded lease agreements incorporating a green lease clause (which stipulates cooperation in reducing environmental burden) with some tenants. In addition, we promote understanding on environmental/local community awareness among tenants by communicating with them in the form of conducting tenant satisfaction surveys for some properties.

03. Governance Initiatives

● Policies for Customer-Oriented Business Operations

Fukuoka Realty Co., Ltd., has formulated Policies for Customer-Oriented Business Operations on September 20, 2017. Please check here for details.

Fukuoka Realty Co., Ltd.
(Policies for Customer-Oriented Business Operations)

● Strengthen Decision-Making Process

Decision-Making Process
  • The prior consent of the investment corporation’s Board of Directors is obtained in cases falling under the provisions Article201-2(1) of the Act on Investment Trust and Investment Corporations

● Directors’ Compensation

The payment criteria and timing for the compensation of the Executive Director and Supervisory Directors of FRC are as follows.

  • The fee for the executive director shall be paid by the last business day of each month in an amount determined by the Board of Directors up to 1 million yen per month.
  • The fee for each supervisory director shall be paid by the last business day of each month in an amount determined by the Board of Directors up to 0.3 million yen per month.

The names of FRC’s directors and their fees for the 39th fiscal period are as follows

Title Name of director Major concurrent assignment Total fee for each for the
37th fiscal period
(thousands of yen)
Executive Director Zenji Koike President and CEO, Fukuoka Realty Co., Ltd. -
Supervisory Director Yasuo Kawasho Representative Partner, Kawasho Authorize Accountant Office 3,600
Supervisory Director Takashi Tanabe Representative attorney at law at Tanabe Law Office

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