2018-11-20jp-20japan-20real-20estate-20investment-20co-a168ef08900ae82b.pdf

This fact sheet details a JPY 10bn green bond issued by Japan Real Estate Investment Corporation on November 1, 2018, to finance and refinance certified green buildings and energy-efficient refurbishments.

• Japan Real Estate Investment Corporation issued an unsecured green bond on November 1, 2018, with a total amount of JPY 10bn (approximately USD 89m) and a maturity date of November 1, 2023.
• The proceeds of the bond are designated for financing and refinancing buildings that achieve the top three levels of specific green building certification schemes, namely CASBEE, BELS, and DBJ Green Building Certification. Building refurbishments are eligible if they result in a minimum 10% reduction in water consumption, energy consumption, or CO2 emissions, or if they achieve a one-level improvement in green building certification.
• The issuer has committed to annual reporting via its website regarding the allocation of proceeds, distinguishing between financed and refinanced projects, and the impact of those proceeds, specifically estimating percentage reductions in energy performance and water usage or comparing pre- and post-project CO2 emissions.
• The Climate Bonds Initiative expressed a desire for issuers in the real estate sector to adopt more stringent eligibility criteria, suggesting a focus on the highest levels of green building certifications and energy efficiency improvements for upgrades and refurbishments of at least 20%, and preferably over 25%.

APA

Climate Bonds Initiative (2018). 2018-11-20jp-20japan-20real-20estate-20investment-20co-a168ef08900ae82b.pdf. https://www.climatebonds.net/files/drupal-files/files/2018-11%20JP%20Japan%20Real%20Estate%20Investment%20Co.pdf

Chicago

Climate Bonds Initiative. 2018-11-20jp-20japan-20real-20estate-20investment-20co-a168ef08900ae82b.pdf. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-11%20JP%20Japan%20Real%20Estate%20Investment%20Co.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=2018-11-20jp-20japan-20real-20estate-20investment-20co-a168ef08900ae82b.pdf |date=19 November 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-11%20JP%20Japan%20Real%20Estate%20Investment%20Co.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative201820181120jp20japan20real20estate20investment20coa168ef08900ae82bpdf, author = {{Climate Bonds Initiative}}, title = {{2018-11-20jp-20japan-20real-20estate-20investment-20co-a168ef08900ae82b.pdf}}, institution = {Climate Bonds Initiative}, year = {2018}, month = nov, url = {https://www.climatebonds.net/files/drupal-files/files/2018-11%20JP%20Japan%20Real%20Estate%20Investment%20Co.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }