October 18, 2022
For immediate release
Trust in real estate investment
Japan Logistics Fund, Inc. (security code: 8967)
Representative: Naohiro Kameoka, Executive Director
Asset management company
Mitsui & Co., Logistics Partners Ltd.
Representative: Naohiro Kameoka, President
Contact: Shintaro Miyata, Department of Finance and International Relations
Notice regarding the acquisition of the highest rank “five stars”
in property valuation GRESB
Japan Logistics Fund, Inc. (hereinafter referred to as “JLF”) hereby announces that it has been awarded the highest “five-star” rank in the 2022 GRESB Real Estate Assessment.
1. GRESB Assessment
The GRESB is an annual benchmarking assessment to measure the ESG (environmental, social and governance) integration of real estate companies and funds, along with the name of the organization managing the assessment. It was founded in 2009 by a group of leading European pension funds who played a leading role in launching the Principles for Responsible Investment (PRI).
Currently, more than 170 investor members (with over $51 trillion in assets under management) use GRESB data for their investment decisions and relationships with investee companies, and several Japanese institutions, including the Government Pension Investment Fund (GPIF), use the results of the GRESB assessment. In 2022, 1,820 listed or private real estate companies and funds took part in the GRESB Real Estate Assessment.
2. Result of the evaluation
In the 2022 GRESB Real Estate Assessment, JLF received the highest “five-star” rank in the GRESB rating, which is based on the overall GRESB score and its quintile position against global participants. It also received a green star for the fifth consecutive year by achieving high performance in both the “management component” which assesses policies and organizational structure for ESG promotion, and the “performance component” which assesses the environmental performance and the commitment of the tenants of the properties held.
JLF also received the highest award “A level“ for GRESB Public Disclosure, which assesses the extent of ESG disclosure.
3. Future measures
JLF and JLF’s asset manager, Mitsui & Co., Logistics Partners Ltd. (hereinafter referred to as “MLP”) are aware of fulfilling their social responsibilities such as environmental awareness and contribution to society, and will continue to implement sustainability practices, such as environmental measures and energy savings for logistics properties owned by JLF. JLF and MLP identify ESG-related materiality and formulate a climate change framework. For more information on JLF and MLP’s ESG initiatives, please see the following website or the sustainability report published in August 2022.
*JLF ESG Initiative website: https://8967.jp/en/esg/index.html2022 Sustainability Report:
*JLF website: https://8967.jp/fr/
This notice is the English translation of the Japanese ad on our website. However, no assurances or warranties are given as to the completeness or accuracy of this English translation.