GRI Standards Content Index

General Disclosures

1. Organizational profile

ID Requirements Page listed in book Page listed
GRI 102: General Disclosures 102-1 Name of the organization Back cover
102-2 Activities, brands, products, and services 9
102-3 Location of headquarters Back cover
102-4 Location of operations 26
-
102-5 Ownership and legal form Back cover
102-6 Markets served 9
26
-
102-7 Scale of the organization 45
102-8 Information on employees and other workers -
102-9 Supply chain 8, 9
102-10 Significant changes to the organization and its supply chain No applicable significant changes.
102-11 Precautionary Principle or approach 4-6
7
10-11
28
43
17

Mitsubishi Estate Group Human Rights Policy (PDF: 202 KB)

17
-

Integrated Report > RISK MANAGEMENT (PDF 5,493KB)

102-12 External initiatives -
17
17

Mitsubishi Estate Group Human Rights Policy (PDF: 202 KB)

102-13 Membership of associations -
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2. Strategy

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3. Ethics and integrity

ID Requirements Page listed in book Page listed
GRI 102: General Disclosures 102-16 Values, Principles, standards, and norms of behavior 2
102-17 Mechanisms for advice and concerns about ethics 40-41
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4. Governance

ID Requirements Page listed in book Page listed
GRI 102: General Disclosures 102-18 Governance structure 10, 42
102-19 Delegating authority 10
102-20 Executive-level responsibility for economic, environmental, and social topics 10
102-21 Consulting stakeholders on economic, environmental, and social topics 44
102-22 Composition of the highest governance body and its committees 42

Integrated Report > CORPORATE GOVERNANCE (PDF 5,493KB)

Corporate Governance Report (PDF 425KB)

102-23 Chair of the highest governance body 42
102-24 Nominating and selecting the highest governance body -

Mitsubishi Estate Corporate Governance Guidelines (PDF 89KB)

Reasons for Nomination as Candidate for Director (PDF 61KB)

Reasons for the Election of Corporate Executive Officers (PDF 24KB)

102-25 Conflicts of interest -

Corporate Governance Report > Items Relating to Organization Structure and Operations, etc. (PDF 425KB)

102-26 Role of highest governance body in setting purpose, values, and strategy 10
102-27 Collective knowledge of highest governance body -

Mitsubishi Estate Corporate Governance Guidelines (PDF 89KB)

102-28 Evaluating the highest governance body's performance -
102-29 Identifying and managing economic, environmental, and social impacts -

Corporate Governance Report > Basic Policy and Status of Implementation of the Internal Control System (PDF 425KB)

-

Integrated Report > RISK MANAGEMENT (PDF 5,493KB)

102-30 Effectiveness of risk management processes -
102-31 Review of economic, environmental, and social topics The following meeting bodies deliberate upon impacts, risks, and opportunities.
  • - Executive Committee (as a general rule, once a week)
  • - Risk Management & Compliance Committee (as a general rule, four times a year)
  • - CSR Committee (as a general rule, twice a year)
Rate of attendance at meetings of the Board of Directors: 100% (result for fiscal 2017)
(Fiscal 2030 ongoing goal: 100%)
102-32 Highest governance body's role in sustainability reporting -
102-33 Communicating critical concerns 44
102-34 Nature and total number of critical concerns Undisclosed for reasons of confidentiality.
102-35 Remuneration policies 42
-

Integrated Report > Remuneration (PDF 5,493KB)

-

Corporate Governance Report > Disclosed Policy for Deciding the Amounts or Calculation Method of Remuneration  (PDF 425KB)

102-36 Process for determining remuneration 42
-

Integrated Report > Remuneration (PDF 5,493KB)

-

Corporate Governance Report > Disclosed Policy for Deciding the Amounts or Calculation Method of Remuneration  (PDF 425KB)

102-37 Stakeholders' involvement in remuneration 42
102-38 Annual total compensation ratio Undisclosed for risk management reasons.
102-39 Percentage increase in annual total compensation ratio Undisclosed for risk management reasons.
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5. Stakeholder engagement

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6. Reporting practice

ID Requirements Page listed in book Page listed
GRI 102: General Disclosures 102-45 Entities included in the consolidated financial statements 3
-

List of organizations covered(PDF 44KB) (Japanese only)

102-46 Defining report content and topic Boundaries 3
102-47 List of material topics 10-11
102-48 Restatements of information Part of the scope of calculation of KPIs was revised and changed.
(Check the KPIs on each page under Key CSR Themes for details of the scope of calculation)
102-49 Changes in reporting 29-31
102-50 Reporting Period 3
102-51 Date of most recent report 3
102-52 Reporting cycle 3
102-53 Contact point for questions regarding the report 3
102-54 Claims of reporting in accordance with the GRI Standards 3 CSR reports are created with reference to GRI standards.
102-55 GRI content index -
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ID Requirements Page listed in book Page listed
GRI 103: Management Approach 103-1 Explanation of the material topic and its Boundary 10
11
18
24
28
34
40
103-2 The management approach and its components 10
11
18-23
24-27
28-33
-
34-39
40-41
103-3 Evaluation of the management approach The CSR Committee and the CSR & Environmental Sustainability Subcommittee have reported on their KPI achievements for the fiscal year in question. Target values were set, etc. as a result of the revision of KPI details in fiscal 2017.
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Material topics

Economic

ID Requirements Page listed in book Page listed
GRI 201: Economic Performance 201-1 Direct economic value generated and distributed -
201-2 Financial implications and other risks and opportunities due to climate change 5
-

Integrated Report > RISK MANAGEMENT (PDF 5,493KB)

201-3 Defined benefit plan obligations and other retirement plans -
201-4 Financial assistance received from government - When using CLT, subsidies from the Forestry Agency and the Ministry of Land, Infrastructure, Transport and Tourism are applied.

*Part of the relevant information is undisclosed because it contains confidential information.

GRI 202: Market Presence 202-1 Ratios of standard entry level wage by gender compared to local minimum wage -
GRI 203: Indirect Economic Impacts 203-1 Infrastructure investments and services supported 18-23
24-27
29-31
203-2 Significant indirect economic impacts Since the impact measurement method is not specified, there is no information to disclose at the present time.
GRI 204: Procurement Practices 204-1 Proportion of spending on local suppliers When expanding businesses in domestic and foreign locations, a certain amount of money is spent on local suppliers, but it is difficult to calculate the proportion of spending in the accounting system.
GRI 205: Anti-corruption 205-1 Operations assessed for risks related to corruption 41
205-2 Communication and training about anti-corruption policies and procedures 41
40
205-3 Confirmed incidents of corruption and actions taken 41
GRI 206: Anti-competitive Behavior 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices -
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Environmental

ID Requirements Page listed in book Page listed
GRI 301: Materials 301-1 Materials used by weight or volume Consumption of primary structural materials by Mitsubishi Estate Home Co., Ltd. in fiscal 2017 was 10,800m³.
301-2 Recycled input materials used Undisclosed due to the difficulty of obtaining the values.
301-3 Reclaimed products and their packaging materials Undisclosed due to the difficulty of obtaining the values.
GRI 302: Energy 302-1 Energy consumption within the organization 11
29-31
302-2 Energy consumption outside of the organization For reports to the CDP, we endeavor to obtain scope 3 information.
(The company's CDP ranking: B)
302-3 Energy intensity 29-30
302-4 Reduction of energy consumption 29-30
302-5 Reductions in energy requirements of products and services -
GRI 303: Water 303-1 Water withdrawal by source 11
32
303-2 Water sources significantly affected by withdrawal of water
  1. (1) For large-scale development projects, we perform environmental assessments as needed and endeavor to minimize the burden on the environment.
  2. (2) To purify waste water emitted during construction in the residential business, a water purification system known as the Ecosink, developed in tandem with a partner company, is used in the capital city area.
  3. (3) A water purification system is in operation at the Otemachi Tower-JX Building to purify the water in the Imperial Palace moat.
303-3 Water recycled and reused 32
GRI 304: Biodiversity 304-2 Significant impacts of activities, products, and services on biodiversity
  1. (1) We employ IPM (integrated pest management) to control pests in green areas and endeavor to reduce the amount of chemicals sprayed and minimize their effects.
  2. (2) We created a biodiversity manual and endeavor to eliminate non-native species that need to be dealt with and preserve endemic species.
  3. (3) We monitor biodiversity in the wider Marunouchi area regularly and publish the results in the "Biodiversity in Marunouchi" handbook.
  4. (4) Mitsubishi Jisho Residence endeavors to carry out biodiversity-conscious residential development and implements the BIO NET INITIATIVE, a greening project aimed at preserving biodiversity.
304-3 Habitats protected or restored 31
304-4 IUCN Red List species and national conservation list species with habitats in areas affected by operations At the Hotoria Square next to the Otemachi Park Building, we are working in collaboration with the Ministry of the Environment to preserve rare water plants restored from mud collected from the Imperial Palace moat.
GRI 305: Emissions 305-1 Direct (Scope 1) GHG emissions 11
29-31
29-31
305-2 Energy indirect (Scope 2) GHG emissions 11
29-31
29-31
305-3 Other indirect (Scope 3) GHG emissions For reports to the CDP, we endeavor to obtain scope 3 information.
(The company's CDP ranking: B)
305-4 GHG emissions intensity 29-30
29-30
305-5 Reduction of GHG emissions The amount of CO2 that leaked as a result of fluorocarbon emissions in fiscal 2017 was 590.8t-CO2.
The company believes CO2 emissions to be particularly important for climate change-related scenario analysis and, at present, as part of its study into setting science-based targets (SBT), it is implementing medium-to-long term scenario analysis incorporating factors such as the following:
・Timespan considered: We considered the 2030 targets and the 2050 targets, for which there is a high global requirement, as the company has an affinity with the Paris Agreement and the 2℃ target.
・Region considered: Since the company’s business is primarily the real estate business in Japan, we considered Japan to be the target region.
・Method of analysis used: Since the real estate industry is yet to be covered by SBT’s Sectoral Decarbonization Approach, we implemented scenario analysis in accordance with the SBT method for setting total reduction targets.
While scenario analysis is still underway, the results of the analysis have been reflected in the company’s business targets and strategy in the form of creating a sustainability policy aimed at reducing environmental impact and implementing activities to proactively reduce environmental impact. In terms of the company’s long-term targets, we consider the science-based, ambitious range of target to be pursued over the long term based on change forecast analysis obtained from the scenario analysis, and apply it to future business plans (introduction of equipment, etc.). In particular, we focus on reducing CO2 emissions from electricity use through measures such as liberalizing the selection of power companies and introducing renewable energy generating facilities.
305-6 Emissions of ozone-depleting substances (ODS) The amount of CO2 that leaked as a result of fluorocarbon emissions in fiscal 2017 was 590.8t-CO2.
305-7 Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions For the administration of buildings, the relevant materials under the Air Pollution Control Law are in compliance with the law and we submit written reports.
GRI 306: Effluents and Waste 306-1 Water discharge by quality and destination We use a sewage system and emit sewage after carrying out regular water treatment.
306-2 Waste by type and disposal method 30
306-3 Significant spills There were no significant spills related to the environment in fiscal 2017.
306-4 Transport of hazardous waste The main applicable waste materials are asbestos and PCB and they are appropriately managed and disposed of according to environmental laws.
306-5 Water bodies affected by water discharges and / or runoff Our business spans a wide variety of areas including single-family homes so it is hard to obtain data for individual cases but for large-scale development projects, we carry out environmental assessments and endeavor to reduce the burden on the environment.
GRI 307: Environmental Compliance 307-1 Non-compliance with environmental laws and regulations There were no fines or sanctions due to major violations of environmental laws in fiscal 2017.
GRI 308: Supplier Environmental Assessment 308-1 New suppliers that were screened using environmental criteria We endeavor to select suppliers in line with the Mitsubishi Estate Group's "Green Procurement Guidelines" and "Paper and Printed Matter Procurement Guidelines."
308-2 Negative environmental impacts in the supply chain and actions taken Each business group has put a business partner evaluation system in place and communicates with business partners through methods such as providing feedback. The details of evaluations are undisclosed due to risks to client confidentiality.
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Social

ID Requirements Page listed in book Page listed
GRI 401: Employment 401-1 New employee hires and employee turnover -
401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees Benefits which are provided to full-time employees but not to temporary or part-time employees are life insurance, compensation for illness and disabilities, retirement benefits, the employee stock ownership plan and housing assistance.
(For Mitsubishi Estate alone. For the Group it is left up to individual management to decide.)
401-3 Parental leave 38
GRI 402: Labor / Management Relations 402-1 Minimum notice periods regarding operational changes It is not stated clearly and differs depending on the details, but the minimum notice period is two weeks, and major events such as those accompanying a change in work regulations may require a period of over one month.
(For Mitsubishi Estate alone.)
GRI 403: Occupational Health and Safety 403-1 Workers representation in formal joint management - worker health and safety committees An Industrial Health and Safety Committee which the Labor Union participates in has been established and exists.
The percentage of the total workforce represented in formal joint management-worker health and safety committees is 0.49% (three persons/609 persons).
403-2 Types of injury and rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities -
403-3 Workers with high incidence or high risk of diseases related to their occupation There are no workers engaged in duties with a high incidence or high risk of the diseases associated with asbestos or nuclear power.
403-4 Health and safety topics covered in formal agreements with trade unions 39
GRI 404: Training and Education 404-1 Average hours of training per year per employee 35
404-2 Programs for upgrading employee skills and transition assistance programs -
404-3 Percentage of employees receiving regular performance and career development reviews -
GRI 405: Diversity and Equal Opportunity 405-1 Diversity of governance bodies and employees -
-
405-2 Ratio of basic salary and remuneration of women to men -
GRI 406: Non-discrimination 406-1 Incidents of discrimination and corrective actions taken We increase awareness of human rights through training programs for employees and aim to prevent discrimination but refrain from disclosing specific details in order to protect the privacy of individuals (restrictions due to confidentiality reasons).
GRI 407: Freedom of Association and Collective Bargaining 407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk The Mitsubishi Estate Group Human Rights Policy was established in April 2018. This policy clearly states the Group's respect and support for international human rights standards such as the "ILO Declaration on Fundamental Principles and Rights at Work" made by the International Labor Organization, which sets forth the basic rights of those involved in labor.
Going forward, we will perform human rights due diligence and work to check and correct any human rights risks that occur in the supply chain.
GRI 408: Child Labor 408-1 Operations and suppliers at significant risk for incidents of child labor The Mitsubishi Estate Group established CSR Procurement Guidelines in 2016. The Group's procurement activities are guided by the guidelines and we also ask business partners to cooperate in complying with these guidelines.
The Mitsubishi Estate Group Human Rights Policy was established in April 2018. This policy clearly states the Group's respect and support for international human rights standards such as the "ILO Declaration on Fundamental Principles and Rights at Work" made by the International Labor Organization, which sets forth the basic rights of those involved in labor.
Going forward, we will perform human rights due diligence and work to check and correct any human rights risks that occur in the supply chain.
GRI 409: Forced or Compulsory Labor 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor The Mitsubishi Estate Group established CSR Procurement Guidelines in 2016. The Group's procurement activities are guided by the guidelines and we also ask business partners to cooperate in complying with these guidelines.
The Mitsubishi Estate Group Human Rights Policy was established in April 2018. This policy clearly states the Group's respect and support for international human rights standards such as the "ILO Declaration on Fundamental Principles and Rights at Work" made by the International Labor Organization, which sets forth the basic rights of those involved in labor.
Going forward, we will perform human rights due diligence and work to check and correct any human rights risks that occur in the supply chain.
GRI 410: Security Practices 410-1 Security personnel trained in human rights policies or procedures Information is difficult to obtain. The Mitsubishi Estate Group has established CSR Procurement Guidelines and requests that subcontractors responsible for security services adhere to the guidelines, but the carrying out of training is left to the discretion of the subcontractor so there is no information to disclose at the present time.
GRI 411: Rights of Indigenous Peoples 411-1 Incidents of violations involving rights of indigenous peoples There were no applicable examples in fiscal 2017.
GRI 412: Human Rights Assessment 412-1 Operations that have been subject to human rights reviews or impact assessments The Mitsubishi Estate Group Human Rights Policy was established in April 2018. Going forward, we will perform human rights due diligence and work to check and correct any human rights risks that occur in the supply chain.
Furthermore, in September this year, the "Construction and Real Estate 'Human Rights Due Diligence Study Group'" was established to research and investigate human rights due diligence processes.
412-2 Employee training on human rights policies or procedures 35
412-3 Significant investment agreements and contracts that include human rights clauses or that underwent human rights screening The Mitsubishi Estate Group Human Rights Policy was established in April 2018. Going forward, we will perform human rights due diligence and work to check and correct any human rights risks that occur in the supply chain.
Furthermore, in September this year, the "Construction and Real Estate 'Human Rights Due Diligence Study Group'" was established to research and investigate human rights due diligence processes.
GRI 413: Local Communities 413-1 Operations with local community engagement, impact assessments, and development programs 18-23
413-2 Operations with significant actual and potential negative impacts on local communities "Coexisting with local communities" is one of our key themes and we endeavor to achieve safe, secure urban development, but since we have not established negative impact evaluation methods, there is no information to disclose at the present time.
GRI 414: Supplier Social Assessment 414-1 New suppliers that were screened using social criteria Information is difficult to obtain: The Mitsubishi Estate Group has established CSR Procurement Guidelines and requests that suppliers adhere to the guidelines, but we carry out a comprehensive evaluation when selecting business partners so there is no information to disclose at the present time.
414-2 Negative social impacts in the supply chain and actions taken In fiscal 2017, we conducted supplier evaluations at 91 supplier companies and performed follow-up steps as necessary, including checking traceability and requesting improvements for suppliers that provide goods that use specified raw materials (e.g. palm oil in detergents).
The details of communications and the results of evaluations are undisclosed since they are believed to fall under the duty of confidentiality.
GRI 415: Public Policy 415-1 Political contributions Undisclosed because the disclosure of the relevant information is believed to fall under the duty of confidentiality.
GRI 416: Customer Health and Safety 416-1 Assessment of the health and safety impacts of product and service categories 19
-
416-2 Incidents of non-compliance concerning the health and safety impacts of products and services There were no major violations concerning health and safety in fiscal 2017.
GRI 417: Marketing and Labeling 417-1 Requirements for product and service information and labeling -
417-2 Incidents of non-compliance concerning product and service information and labeling There were no major violations concerning product and service information and labeling in fiscal 2017.
417-3 Incidents of non-compliance concerning marketing communications There were no major violations concerning marketing communications in fiscal 2017.
GRI 418: Customer Privacy 418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data There were no major violations involving complaints resulting from breaches of customer privacy and losses of customer data in fiscal 2017.
GRI 419: Socioeconomic Compliance 419-1 Non-compliance with laws and regulations in the social and economic area There were no major violations that resulted in serious fines or sanctions in fiscal 2017.
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CORPORATE INFORMATION

  • A MESSAGE FROM THE MANAGEMENT
  • ABOUT MITSUBISHI ESTATE
  • PROFILE OF MITSUBISHI ESTATE
  • CORPORATE BRAND
  • SAFETY AND SECURITY
  • CORPORATE GOVERNANCE
  • GROUP COMPANIES