ESG Report (date of issue: April 13, 2022)

2021

ESG

Report

GLP J-REIT

Editorial Policy

GLP J-REIT publishes a sustainability website and sustainability reports for our stakeholders in an effort to disclose ESG information that describes our efforts toward realizing a sustainable society.

Our sustainability reports, which we publish once each year, contain straightforwardly organized summaries of information pertaining to GLP J-REIT and the rest of the GLP Group, including our ESG policy, highlights of ESG efforts active during the current year, our level of KPI achievement, and ESG-related data.

Reporting System

On our sustainability website, we leverage the attributes of our website and make comprehensive postings of policies, detailed numerical data, and other information about the Group's sustainability activities. We consider timeliness among other factors, and operate the website such that it reflects and discloses the latest information. We published our first sustainability report in 2021, and now disclose information in a more systematic, organized manner based on information posted on the sustainability website.

Period in the report

Although the report covers the period from March 2021 to February 2022, it also includes information from outside the period.

April 2022

Next scheduled publicationApril 2023

Contact point for inquiriesGLP Japan Advisors Inc. Corporate Planning Department Tel. 03-3289-9630

GLP J-REIT 2021 ESG REPORT

Message

A Message from Our Executives

A Message from CSO

To begin, please let me express my best wishes for all of our investor clients.

As the COVID-19 pandemic persists without a clear end in sight, I would also like to express my hopes that anyone who may have contracted the disease has a speedy recovery, and my sincere respect and gratitude to all health care workers and others who have sustained the constant battle day after day.

CSO of GLP Japan Advisors Inc.

Amid an increasing focus on efforts to combat climate change and other environmental issues as well as work style reform, community revitalization, and other social issues, GLP J-REIT and its asset management firm GLP Japan Advisors Inc. take several actions based on our belief in the increasing importance of taking steps to consider ESG in all operations, working together with stakeholders toward such consideration, and actively and appropriately disclosing information about such efforts. We will continue publishing an ESG Annual Report, an effort we started last year, and also launch a new ESG page on our website, improve access to ESG-related information, and consolidate the information to facilitate understanding. Additionally, we have added new ESG-related KPIs in an effort to better visualize the progress of individual efforts.

Our ESG Committee, which we launched last year, takes full advantage of its meetings to share information about the status of individual ESG efforts and discuss matters such as establishing new KPIs; accordingly, we run the committee in such a way as to maximize its functions as a key piece of internal infrastructure.

By further enhancing efforts toward ESG and appropriately disclosing our performance as we continue to invest in and manage logistics facilities, we aim to strengthen trust-based relationships with our stakeholders and achieve a balance between efforts toward worthy endeavors such as environmental consideration and coexistence with local communities on the one hand, and improving the value of our assets over the medium and long term on the other.

GLP J-REIT is Japan's leading listed real estate investment corporation specializing in logistics facilities. We at GLP J-REIT, together with our asset management firm GLP Japan Advisors Inc., consider it to be our social mission to strive for a sustainable society through our business activities. To that end, we have enhanced our efforts toward sustainability.

Through our endorsement of the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) last year, we reinforced our commitment to ESG, demonstrated in part by our achievement of the highest rating in one of the leading ESG metrics-a 5-star GRESB rating-for two consecutive years. Accordingly, we are continuing our proactive efforts toward environmental, social, and corporate governance. Additionally, the GLP Group became a signatory of Principles for Responsible Investment (PRI), and adopted an Environment, Social Governance & Due Diligence (ESG DD) process and made other efforts to incorporate PRI into daily operations. In this way, we are further strengthening our efforts to combat climate change.

Our ESG Committee, which was launched last year and has met seven times, actively discussed and determined our course of action for a variety of ESG-related topics, including investment decisions, measures to enhance environmental considerations, and the execution of new ESG financing that leverages our efforts toward ESG.

GLP J-REIT and our asset management firm will continue to maintain and enhance our sustainability measures, and by disclosing ESG information we will deepen our communication with our various stakeholders from investors, tenants, and members of our supply chain to the wider regional community and employees. We hope to work together with our stakeholders to strive toward a sustainable society.

A quick overview of GLP J-REIT

! Invests in advanced logistics facilities, and is one of the largest logistics J-

REITs in terms of assets ! With the most properties of any logistics J-REIT, its investment area covers the entirety of Japan, centered in the greater Tokyo area and the Kansai area known as excellent locations for logistics but with locations from Hokkaido in the north to Kyushu in the south

No. of properties owned

86

170

7,800

billion yen

99.1

Data is accurate as of February 28, 2022

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