Compliance

Promotion of compliance meeting the expectations of clients and society

  • We will respond appropriately to prevent bribery, violation of the anti-monopoly law and inappropriate political donations.
  • In addition to complying with laws and regulations, we will strive to meet the expectations of clients and society, as well as understand and respond appropriately to various business risks.

The Mitsubishi Estate Group believes that compliance does not simply involve legal compliance, but is also defined as adherence to internal rules and corporate ethics. After Mitsubishi Estate was found to have violated some stipulations of the Commercial Code of Japan in 1997, the Mitsubishi Estate Group Basic Mission and Mitsubishi Estate Group Code of Corporate Conduct were formulated to reflect the company's resolve to never repeat the same mistakes. The Code of Conduct and Basic Mission were revised in 2006 as part of a serious and humble response to the discovery of soil and groundwater contamination problems at Osaka Amenity Park (OAP) in 2005. The company regards compliance as one of its most pressing issues to address. Moreover, as the company continues to expand its businesses domestically and internationally, its social responsibilities increase in sophistication and global scale. This has led to a greater need for the whole Group to share a sense of values and a standard of conduct. Therefore the Mitsubishi Estate Group Guidelines for Conduct were revised in April 2018 with the hope that they will increase true corporate value by being applied to the daily actions of individual employees and executive officers. The Mitsubishi Estate Group aspires to build trusting relationships with its stakeholders through a highly transparent management system and reinforced compliance. Not only does the Group comply with laws and regulations but it also works hard to meet all the expectations of clients and society as it strives to achieve its basic mission of contributing to society through urban development. The Group also identifies and responds appropriately to various business risks.

The Mitsubishi Estate Group designates the corporate officer in charge of compliance appointed by decision of the Board of Directors as the person responsible for overall compliance, designates all department head in Mitsubishi Estate as compliance promotion officers and also selects compliance officers at each Group company to create a structure for promoting and monitoring compliance. The Group has also established a Risk Management & Compliance Committee and a Risk Management & Compliance Subcommittee as councils which formulate plans discuss issues concerning Group compliance and risk management.

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