Japan Excellent, Inc.

Unverified
XFID Unique Identifier for Japan Excellent, Inc.: XOCM62T3JS
Sector
Real Estate
Website
mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com
4 Second Party Opinions
XFID Type Title Year Source Retrieved
XF-XO42NSB-8 Second Party Opinion Japan Excellent, Inc. Green Finance Framework Second-Party Opinion 2021 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 5 Mar 2026
XF-271KS5N-S Second Party Opinion Japan Excellent, Inc. Green Finance Framework Second-Party Opinion (Japanese) 2021 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 5 Mar 2026
XF-5JNS8L6-H Second Party Opinion Japan Excellent, Inc. Green Bond Framework Second-Party Opinion 2018 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 5 Mar 2026
XF-8F8Z5AP-H Second Party Opinion Japan Excellent, Inc. Green Bond Framework Second-Party Opinion (Japanese) 2018 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 5 Mar 2026

XF Company Profile

Extra-financial information found across 4 documents in the XframeworkID registry

NACE L Real Estate Activities

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Japan Excellent, Inc., Tokyo, Japan Second-Party Opinion 2021
Issuer sector/industry classification
Real Estate Activities; J-REIT (Japan Real Estate Investment Trust) Second-Party Opinion 2021
Issuer type
REIT (Real Estate Investment Trust) Second-Party Opinion 2021
Core business activities and geographic focus
Office building investment in major metropolitan areas of Japan Second-Party Opinion 2021

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Aligned with Green Bond Principles 2021 Second-Party Opinion 2021
Compliance with Green Loan Principles or Sustainability-Linked Loan Principles
Aligned with Green Loan Principles 2021 Second-Party Opinion 2021
Alignment with UN Sustainable Development Goals
SDG 9 (2021 framework); SDG 11 (2018 framework) Second-Party Opinion 2021

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
Sustainalytics; Assessment date October 19, 2021 Second-Party Opinion 2021
SPO preliminary evaluation or credibility rating
Credible and impactful; aligns with four core components of Green Bond Principles 2021 and Green Loan Principles 2021 Second-Party Opinion 2021
SPO assessment scope and methodology
Assessment of use of proceeds categories, project evaluation and selection process, management of proceeds, and reporting commitments against Green Bond Principles 2021 and Green Loan Principles 2021 Second-Party Opinion 2021

Green / Sustainable Finance Framework

Bond types covered under framework
Green bonds, green loans Second-Party Opinion 2021
Eligible use-of-proceeds categories
Green buildings Second-Party Opinion 2021
Sustainable bond framework name and version
Green Finance Framework 2021 Second-Party Opinion 2021
Project evaluation and selection process description
Sustainability conference of the asset management company evaluates and selects projects based on eligible criteria and sustainability policy. Environmental and social risk assessment process conducted at property acquisition. Process aligned with market practice. Second-Party Opinion 2021
Management of proceeds approach
Portfolio approach; Annual monitoring to ensure outstanding green finance does not exceed total green eligible debt and eligible refinancing expenditures. Unallocated proceeds held in cash and cash equivalents. Second-Party Opinion 2021
Temporary investment of unallocated proceeds
Cash and cash equivalents Second-Party Opinion 2021
Reporting commitments under framework
Annual disclosure on issuer website of allocation status and impact reporting, including full allocation to green eligible assets and quantitative environmental performance indicators Second-Party Opinion 2021
Framework publication date and update history
2021 update (original framework 2018) Second-Party Opinion 2021

Changes Over Time

Items where disclosed information changed across documents.

Bond types covered under framework
2018 Green bonds
2021 Green bonds and green loans
Management of proceeds approach
2018 Proceeds allocated to acquisition of green-eligible assets, refinancing of borrowings used for green asset acquisition, or redemption of previously issued bonds. Internal tracking and monitoring processes established.
2021 Portfolio approach - outstanding green finance does not exceed total green-eligible debt and eligible retrofitting expenditures. Annual management review conducted. Unallocated proceeds managed as cash and cash equivalents.
Project evaluation and selection process description
2018 Internal evaluation and selection process involving senior management level officers. Assessed as market best practice.
2021 Sustainability Committee of Japan Excellent Asset Management evaluates and selects projects based on eligible criteria and sustainability policy. Environmental and social risk assessment process conducted at property acquisition, applied to all financing decisions under the framework.
Reporting commitments under framework
2018 Annual reporting on company website of fund allocation status and key environmental performance indicators (electricity consumption, water usage, CO2 emissions) for third-party certified green-eligible assets
2021 Allocation reporting and impact reporting to be disclosed on company website, including full allocation to green-eligible assets and quantitative environmental performance indicators
Alignment with ICMA Green Bond Principles
2018 Complies with Green Bond Principles 2018; four core requirements met
2021 Aligned with Green Bond Principles 2021 and Green Loan Principles 2021 - compliant with four requirements
Alignment with UN Sustainable Development Goals
2018 SDG 11 (Sustainable Cities and Communities)
2021 SDG 9 (Industry, Innovation and Infrastructure)
SPO assessment date
2018 June 28, 2018
2021 October 19, 2021
SPO preliminary evaluation or credibility rating
2018 Green Bond Framework has credibility and environmental improvement effects; complies with Green Bond Principles 2018
2021 Framework has credibility and environmental benefit, conforming with four requirements of Green Bond Principles 2021 and Green Loan Principles 2021