January 31, 2001 “Mitsubishi Estate Environment Report 2000" Published First Environment Report by a Japanese Real Estate Company Mitsubishi Estate Co., Ltd. announced that it has published the “Mitsubishi Estate Environment Report 2000,” a report that introduces the contents of the company’s environmental preservation activities in fiscal 1999. The company adopted the Mitsubishi Estate Action Charter in December 1997 as a statement to express recognition that primary consideration should be given to the global environment in the course of managing business operations. Following this, a voluntary environmental action plan (Mitsubishi Estate Environment Report) was drafted in April 1998 to announce that future corporate activities in all areas of business will be based on the principle of "harmony with the global environment." This environment report is issued as a reinforcement of the company’s commitment to environmental preservation. It will continue to be issued in years to come, with further improvements in quality and content coverage.   Contents of Mitsubishi Estate Environment Report 2000 This report reviews the activities of Mitsubishi Estate in Japan, including land development, building construction, building management and building demolition. It also covers the activities required to acquire ISO14001 certification and environment-related seminars held by the company. Examples of activities are cited throughout, and environmental accounting was introduced to quantify the cost of environmental preservation activities. The environment-related expenditures for fiscal 1999 amounted to 6700 million yen.   Environmental Accounting for Fiscal 1999 Total environment-related investment: 5,554,543,000 yen Total environment-related cost: 1,105,679,000 yen * Total environment-related investment is expenditures considered to contribute to the reduction of negative environmental impact not only in the current term, but in the future as well. * Total environment-related cost is expenditures, other than investment, required to meet immediate needs such as the costs for waste disposal and complying with laws and regulations.