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MITSUBISHI ESTATE GROUP 2030 GOALS FOR SDGs

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The Mitsubishi Estate Group has established the Mitsubishi Estate Group Sustainability Vision 2050, articulating the vision it aims to achieve by 2050. In order to realize this vision, the Group has established Mitsubishi Estate Group 2030 Goals for SDGs in its 2030 Long-Term Management Plan. They are positioned as milestones that define various themes and actions in working to achieve the 2050 vision.
We are committed to providing even greater value to a wider range of stakeholders in the four key themes of Environment, Diversity & Inclusion, Innovation, and Resilience.

Material Issues for the Mitsubishi Estate Group
(Key areas to pursue in sustainability management)

  • Environment
  • Globality
  • Community
  • Diversity
  • Declining Birthrate
    and Aging
    Population
  • Leveraging Existing
    Properties
  • Digital Innovation

Material Issues of the Mitsubishi Estate Group

Four Key Themes of
Mitsubishi Estate Group 2030 Goals for SDGs

Key Theme 1 Environment

Sustainable urban development that proactively addresses climate change and environmental issues

Targets and KPIs

GHG emissions / Renewable power ratio
GHG Emissions Reduction Targets after Revision in February 2022
(in the process of SBTi application as of March 31, 2022)

New GHG emissions reduction targets

  • Reduce Scope 1 + 2 by 70% or more and Scope 3 by 50% or more by fiscal 2030 compared to fiscal 2019 emissions
  • Achieve net-zero emissions by 2050 (reduce Scope 1, 2, and 3 by 90% or more. Neutralize residual emissions*)
  • Emissions that remain unabated within the value chain in the target year are termed "residual emissions." The SBTi standard requires neutralizing any residual emissions using forest absorption and carbon removal technologies outside the value chain to counterbalance the impact of these unabated emissions and to achieve net-zero emissions.
Renewable Energy Rate Target after Revision in February 2022
  • Achieve 100% group-wide by fiscal 2025
Promote waste recycling and reduction of emissions focusing on food and plastic items
Waste recycling rate

in 2030

90%

Waste disposal

by 2030

20% reduction

(compared to FY2019, per m²)

  • Promote sustainable timber use

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Key Theme 2 Diversity & Inclusion

Urban development that responds to lifestyle and human resources trends and facilitates active participation for all

Targets

  • Strengthen hospitality and realize stress-free cities
  • Respect different lifestyles, local customs, religions, and sexual orientation
  • Establish traceability of timber to be used in businesses

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Key Theme 3 Innovation

Innovative urban development that continuously renews society

Targets

  • Innovate business models and maximize performance
  • Support the creation of new ideas and businesses from the perspective of urban development, contribute to the growth of cities and industries

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Key Theme 4 Resilience

Dynamic, flexible urban development that builds disaster-resilient communities and prioritizes safety and security

Targets

  • Enhance disaster preparedness to minimize functional stagnation during disasters
  • Enhance BCP function through hardware measures and strengthen neighborhood communication

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Mitsubishi Estate Group 2030 Goals for SDGs