ESR-REIT Annual Report 2024 143 Japan 2023 500,000 400,000 kWh kWh/m2 300,000 200,000 100,000 0 100.00 80.00 60.00 40.00 20.00 300,719.0 76.8 441,766.0 66.4 24.6 0 2024 Energy consumption and intensity for Japan MTBs Purchased energy Energy Intensity Energy Intensity (excluding green electricity) Note: Energy consumption only accounts for electricity use FY2023 data has been restated to align on the scoping of tenant and landlord’s grid electricity consumption. In FY2024, we saw a rise in absolute energy consumption of 141,047.0 kWh for Japan MTBs due to the acquisition of ESR Yatomi Kisosaki Distribution Centre since November 2024. However, as the new asset is operating at a higher efficiency level compared to ESR Sakura Distribution Centre, energy intensity reduced by 13.6% and 68.0%, excluding the consumption from green electricity. This is reflective of ESR-REIT’s investment strategy to acquire greener assets that provide stable returns to Unitholders while operating at higher efficiencies. 2024 Performance: Electricity and Cooling Singapore 2023 Purchased energy 40,000,000 30,000,000 kWh kWh/m2 20,000,000 10,000,000 0 250.00 200.00 150.00 100.00 50.00 0 2024 Energy consumption and intensity for Singapore MTBs Energy Intensity Energy Intensity (excluding green electricity) 37,248,870.8 231.2 211.4 190.3 176.3 29,604,512.0 Note: Energy consumption only accounts for electricity use FY2023 data has been restated to align on the scoping of tenant and landlord’s grid electricity and solar energy consumption across ESR-REIT’s portfolio. To track the effectiveness of our initiatives, we have set short- and medium-term energy intensity reduction targets for our Singapore MTBs. In FY2024, absolute energy consumption reduced by 7,644,358.8 kWh and we achieved a 17.7% reduction in energy intensity and 16.6% reduction excluding the consumption of green electricity. The reduction in absolute and intensity consumption is largely due to the reduced common area consumption of 2 Fishery Port Road, a cold storage facility, which was vacated and decommissioned in late FY2023.
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