- Foreign exchange volatility (JPY weakening against SGD)
- Increased competition for Japan logistics properties
- Rising interest rates
- Rising operational costs in the logistics sector (labor costs, truck freight, fuel)
- Shortage of truck drivers
- Restrictions on overtime hours for truck drivers
Daiwa House Logistics Trust
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Daiwa House Logistics Trust disclosed greenhouse gas emissions of 848.13 tCO2e (Scope 2). By scope: Scope 2: 848.13 tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
848.13 tCO2e (Scope 2)
2023
Renewable Energy
68.8% of Japan properties
of total energy
Water Usage
9.2K m3
2023
Waste
42.5K tons
2023
Energy Use
6.4K GJ
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 848.13 tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Increased solar energy capacity from 15.4MWp to 16.1 MWp with the acquisition of DPL Ibaraki Yuki
- Maintained high proportion of green-rated properties at 94.8%, by NLA, including DPL Ibaraki Yuki
- Progressively replaced a portion of lightings with LED lights in D Project Matsuyama S
- All renewed/new leases entered into since listing contained “green” clause
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase solar power capacity to at least 68% of Japanese properties
- Consider LED lighting installation (D Project Kuki S) and have LED lighting of at least 90% of the portfolio
- Maintain zero incidents of serious injuries or fatalities
- Maintain good safety of the properties by conducting regular third-party inspection and ensuring prompt rectification of any findings
- Maintain at least 80% of tenants respond to the annual tenant survey
📅 Medium-term
- Increase solar power capacity to at least 90% of Japanese properties by 2030
- Ensure female employee representation is no less than 35%
- Appoint a female Director in the next three years
- 100% of newly acquired properties in Japan are Green Certified by 2030
- Provide ESG training annually by 2030
🌱 ESG Focus Areas
Prevention of global warmingHarmony with the environmentConservation of natural resourcesPrevention of chemical pollutionEstablishment of an internal framework and initiatives for employeesBuilding of trusting relationships with external stakeholdersPromotion of communication through information disclosureCompliance with laws and regulations, and risk management