Sustainability Practices

This is the Environmental, Social & Governance Policy of GLP Group. GLP Japan Advisors Inc. engages in the asset management of GLP J-REIT in accordance with this policy.

Environmental, Social & Governance Policy

Introduction

As the world’s leading provider of modern logistics facilities with a market-leading presence in China, Japan and Brazil, GLP is uniquely positioned to construct best-in-class buildings that maximize supply chain efficiency and help meet the needs of domestic consumption-led growth in our core markets in a more sustainable way. We are firmly committed to managing our activities throughout the group to provide the highest level of protection to the environment and to safeguard the health and safety of its employees, customers and communities. We can and do have a big impact on the regions in which we operate.

This ESG Policy Statement is a key confirmation of our overarching commitment to integrating sustainability into the heart of our business practices and is underpinned by our core values and our stated mission to “create best-in-class logistics facilities by maximizing value for all stakeholders including our shareholders, customers and communities in which we live and operate.”

The purpose of this document is to provide a clear leadership position, initiate consensus across our business and create a common understanding of GLP’s Environmental, Social and Governance (ESG) principles.

The ESG policy will be one element of GLP’s wider sustainability strategy.

Introduction

ESG Policy Scope

This policy document applies to GLP logistics solutions globally, for both newly built and existing building stock. Our objective is to create a more resilient portfolio overall by ensuring that all our new buildings comply with our ESG requirements, while adopting a continual improvement strategy to our existing assets.

Our ESG Principles

GLP believes that an integrated ESG approach is required to deliver the best benefits to GLP and our shareholders. This will be implemented through the following principles:

1) Upholding ethics and corporate integrity as the cornerstones of how we do business at all levels of our company
We maintain a zero corruption policy across all our operations and take an active role to instill a culture of business integrity and ethical values. Strict written policies detailing the Code of Business Conduct and Ethics underpin this commitment, with all employees required to comply on an annual basis.
2) Embedding material ESG risks and opportunities into decision-making
GLP is firmly committed to managing its activities throughout the group to provide the highest level of protection to the environment and to safeguard the health and safety of its employees, customers and communities.
We are committed to ensuring that material ESG risks and opportunities are built into investment research and screening, selection of investments, and portfolio management.
3) Engaging proactively with stakeholders
Proactive stakeholder engagement allows GLP to understand and respond to local and emerging risks and opportunities in the communities that we operate in. We believe that this is key to being a dynamic business, and is central to developing long term value creation.
4) Attracting and retaining talented, motivated employees is vital to our success
GLP’s commitment to continuous improvement in its people and projects will see ESG being embedded into our talent management initiatives. We create comprehensive training initiatives and a positive work environment that supports individual growth and development and promotes a healthy, safe and balanced lifestyle. As part of our cultural values, GLP seeks to identify talents both internally and externally and to build its talent pipeline for succession planning.
5)Maximizing supply chain efficiency and meeting the needs of domestic consumption-led growth in our core markets
GLP is committed to driving cost- and resource-based efficiency within our supply chain. Regional and national relationships will be established where possible, and GLP will work closely with our preferred suppliers to support the delivery of developments safely, on budget, on time and with the lowest environmental impact.
6) Drive performance through evidence
GLP recognises that to build accountability and transparency relies on robust and defensible data metrics. We commit to putting in place the necessary performance and data management systems and processes that support our ESG Policy objectives.
7) Taking the lead in building better communities
As part of GLPs commitment to continuous improvement, we will contribute positively to the debate on green building and wider sustainable development by sharing knowledge with our peers and learning from others. We constantly seek ways to innovate in order to minimise the impacts our projects have on the environment, and strive to make a net positive contribution in the communities in which we operate.
8) Creating a culture of entrepreneurial value creation
We constantly seek ways to innovate in order to minimise the impacts our projects have on the environment and make a net positive contribution where we can.
9) Protecting and enhancing the environment across all of our operations
GLP is vigilant about protecting the environment across all of our operations. We will aim to exceed national and local environmental standards relating to our operations and protect or enhance forested areas through our tree programmes.
10) Supporting livelihood opportunities in the communities we work in
Education is an area that needs urgent attention in many of GLP’s communities and one that offers the opportunity to make a large impact. GLP is committed to doing its part to support and promote quality education through investment into schools, teacher training and apprenticeships.
11) Promoting Energy Efficiency & Renewables
Energy efficiency is fundamental to our design and operation process. We are committed to optimising energy use in both the existing stock and new developments. As the continued supply of energy is an increasing concern for some of our growth markets, we will continue to promote the use of renewables in our local communities.
12) Building sustainably certified new developments
GLP is committed to building and operating high performing developments which meet or are capable of meeting recognised certification standards.

We commit to reviewing this Policy Statement on an annual basis as our business develops and evolves.