ESG

Our Approach
to ESG

Sustainable Life Cycle of Logistics Assets



ESR KendallSquare REIT pursues sustainable management by actively reflecting ESG factors in the entire asset life cycle from development, including the site selection, design and construction of logistics centers, to operation. In addition, we reflect environmental values in pursuing our business activities to effectively address ESG risks. Our ESG objective is to have a positive impact on the environment and promote long-term benefits for all stakeholders as a world-leading logistics-focused REIT.

  • Sustainable Portfolio

    		  

    We are focusing our capabilities on developing and operating eco-friendly assets to create a sustainable future and environment

    • Sustainable & Efficient Operations
    • Sustainable Building Certifications
    • Climate Change Resilience
    • Biodiversity and Habitat Protection
    • Flexible & Adaptable Properties
    • Strategic Locations

  • Human Centric

    		  

    Based on trust, we hope to coexist and prosper with tenants, local communities, employees, and all other stakeholders

    • Stakeholder Engagement
    • Safety, Health & Well-being
    • Managing & Fostering Talent
    • Diversity, Equity & Inclusion (DEI)
    • Community Investment

  • Corporate Governance

    		  

    We are boosting corporate and shareholder value based on transparent governance and responsible management.

    • Corporate Governance
    • Risk Management
    • Responsible Investing Disclosure & Reporting
    • Supply Chain Management


Sustainable
Asset Life
Cycle

We are committed to sustainable management by actively incorporating ESG elements throughout the entire lifecycle of our properties, from development, including site selection, design, and construction, to operation. By integrating environmental values at every phase and pursuing management activities that prioritize sustainability, we effectively address ESG risks. Our ultimate objective is to have a positive impact on the environment and stakeholders, fostering long-term collaboration and growth.

Sustainability of asset lifecycle

  • Asset sale
  • Investment analysis and decision-making
    Analyze assets on ESG and minimize risks before investment decision
    • Select sustainable sites
    • ESG due diligence
    • Climate change risk assessment
  • Planning, Design, and Development
    Minimize ESG risks and improve asset performance
    • Acquire certification for new green building:LEED BD + C, etc.
    • Ecological investigation report
    • Evaluate feasibility of installing solar panel
  • Operation and management
    Minimize operation costs, optimize operation, and adopting new technology
    • Guidelines for sustainable operation and maintenance
    • Acquire green building certifications for existing assets:LEED O+M, WELL Health Safety Rating, etc
    • Monitor energy and water consumption, GHG emissions and waste generation
    • Climate change risk assessment
  • Leasing
    Green Lease Contract
    • Include environmental conditions in the lease contract to ask for cooperation on monitoring energy, water, waste, etc.






The first Korean
listed REIT achieve
the highest 'Five-Star'
rating from GRESB
for two consecutive years

Global Real Estate Sustainability Benchmark (GRESB) is the world's most authoritative ESG evaluation that comprehensively evaluates real estate real assets and management companies on their impact on the environment and relationships with stakeholders.

ESR Kendall Square REIT is the first Korean listed company to earn the highest 'Five-Star' rating in the 'GRESB 2022 Real Estate' assessment, a distinction it maintained for two consecutive years (2022 and 2023). This accolade reflects its commitment to sustainability and excellence in ESG practices.

The assessment covered 46% of ESR Kendall Square REIT's 7 logistics portfolios, totaling 1,205,679m2, demonstrating its operational efficiency and adherence to global environmental standards. This achievement underscores its leadership in sustainable real estate management in Korea.

Additionally, ESR Kendall Square, the sponsor, ranked first in the GRESB Developer Assessment for the industrial sector in Asia, also earning a 'Five-Star' rating. This solidifies ESR Kendall Square REIT's position as a premier investment for those prioritizing sustainability and long-term value.

ESR KendallSquare REIT (365550 KS) Subsidiary REIT No.1
Asian Industrial Real Estate 5 Star

  • Bucheon Cold LP

  • Goyang LP

  • Yongin LP

  • Icheon LP 2

  • Icheon LP 3

  • Gimhae LP 1

  • Anseong LP 1

  • Icheon LP 6

ESR KendallSquare REIT (365550 KS) Subsidiary REIT No.2
Asian Industrial Real Estate 5 Star / Sector Leader

  • Anseong LP 2

  • Anseong LP 3

  • Anseong LP 4

  • Icheon LP 5

  • Icheon LP 7

  • Gimhae LP 2

ESG Highlights

We are dedicated to minimizing our environmental impact through sustainable and efficient asset development and operation. Our strategy includes careful site selection, green design initiatives, biodiversity protection, and the use of carbon-efficient, energy-efficient, and water-efficient products to reduce energy consumption, optimize water usage, manage waste, and minimize carbon emissions.

We proactively assess geological and climate-related hazards to develop strategies addressing climate risks. ESG factors are integrated into our logistics assets, aiming for global green building certifications such as LEED BD+C, LEED O+M, and WELL Health-Safety Rating. Many of our holdings are already certified green buildings, and we aim to increase this number. Our ongoing commitment to responsible water usage, renewable energy integration, and continuous energy conservation ensures our developments are sustainable and resilient, presenting a solid investment opportunity.

  • WELL Health-Safety
    Rating

  • US Green Building Council
    LEED Gold

  • Green Standard For Energy and Environmental Design
    (Excellent - Green Grade 2)

  • Building Energy Efficiency
    Rating Certification (Grade 1)