WASHINGTON, Feb. 17, 2021 /PRNewswire=KYODO JBN/--
), an affiliate of Green Business Certification Inc. (GBCI), announced today
that it has entered into a joint venture agreement with Woonerf Inc. (
https://woonerf.jp/en/ )and Development Bank of Japan (
) to create Arc Japan (
). Arc is a global technology company that operates the Arc performance
platform, which allows professionals overseeing the sustainability of buildings
and places to collect data, manage and benchmark progress, measure impact and
improve performance. Arc empowers its users to understand and enhance their
sustainability performance, improve occupant experience and indoor
environmental air quality, report on environmental, social and governance (ESG)
performance and pursue green building certification.
The incorporation of Arc Japan will help meet growing demand from institutional
investors for ESG management tools and facilitate the growth of LEED in the
market. Projects can use Arc to manage, track and improve their sustainability
performance over time, and to work toward LEED certification or verify LEED
performance on an annual basis to keep their certification up to date. Arc also
supports ESG compliance by helping portfolio managers understand, analyze and
improve the ESG performance of their assets, companies and funds. By submitting
data to the platform, portfolio managers can quickly identify and improve
under-performing assets or identify assets that are performing well enough to
meet LEED certification requirements. The Arc platform can also be used to
track sustainability key performance indicators (KPIs), including energy
consumption, greenhouse gas emissions, indoor environmental quality, waste
management and water consumption at a project level or across a portfolio.
Japanese financial institutions and pension funds are poised to play an
increasingly critical role in the global property market in the near term.
Analysts estimate they could deploy more than $300 billion into property over
the next decade. This reflects larger real asset allocations from the
Government Pension Investment Fund and other influential institutional
investors. These investors are increasingly paying attention to sustainable
development and ESG, and they are seeking the kind of measured, real world
performance metrics and tools that Arc can provide. This creates new
opportunities for positive impacts across Japan and around the world.
"Japan is one of the fastest growing ESG markets in the world," said Mahesh
Ramanujam, CEO of Arc and President & CEO of GBCI. "And the promising real
estate investment landscape in the country is only expected to accelerate its
importance on the global stage in the coming years, while also helping to move
Japan towards decarbonization and more sustainable development. The creation of
Arc Japan will serve to continue to advance demand for LEED in Japan and enable
us to advance our mission both inside and outside of Japan."
Hiroki Hiramatsu, Founder and CEO of Woonerf, has been appointed as CEO of Arc
Japan. Hiroki brings more than 30 years of experience in the financial and
green building and landscape design industries where he has promoted
sustainable urban renovation through integrating green building concepts and
landscape design, blending it with the green economy and financial systems.
Hiroki has earned the distinction of LEED Fellow, the highest recognition
available for a LEED professional in the green building industry, and has also
achieved the LEED AP BD+C and ND professional credentials.
"Japan is accelerating its commitment towards decarbonization and digital
transformation -- both in the public and private sectors -- and for these
initiatives to succeed they must leverage sustainable financing," said Hirko
Hiramatsui. "During the course of this journey in front of us, one of the key
questions Japan will face is how do we gauge the progress being made, since
this is hard to visualize. Arc can provide evidence-based verification, which
helps stakeholders communicate the progress they are making to each other and
track milestones. In the coming years, I expect to see a disruptive change in
behavior in the Japanese market with more and more business leaders opting for
sustainability and green building certification -- not only in the commercial
real estate industry but across sectors. Arc provides a guideline for those
seeking to make their businesses green."
The Arc platform is already being leveraged by a variety of customers in Japan,
such as investment managers, insurance companies, REITs, department stores,
retailers, asset managers, banks, cities and more.
) is a technology company affiliated with Green Business Certification Inc. Arc
believes that performance is the future of green building and the Arc
performance platform was created to help ensure better buildings and places for
people and the environment. The Arc platform allows teams overseeing the
sustainability of buildings and places to collect data, manage and benchmark
progress, measure impact and improve performance. Arc empowers its users to
understand and enhance their sustainability performance, promote human health
and well-being and contribute to a higher quality of life.
About Green Business Certification Inc.
GBCI is the premier organization independently recognizing excellence in green
business industry performance and practice globally. Established in 2008, GBCI
) exclusively administers project certifications and professional credentials
and certificates within the framework of the U.S. Green Building Council's
Leadership in Energy and Environmental Design (LEED (
)) green building rating systems, as well as the PEER (
) standard for power systems, the WELL Building Standard (
), the Sustainable SITES Initiative (SITES (
)), EDGE (
) (Excellence in Design for Greater Efficiencies), TRUE (
) certification for zero waste, Investor Confidence Project (ICP (
)) for energy efficiency retrofits and RELi (
) for resilient design.
Media contact: Sarah Merricks