Skip to main content
SUSTAINABILITY MANAGEMENT

External Initiatives and Certifications

Initiatives

Signed the United Nations Global Compact
(April 2018)

Signed the United Nations Global Compact

In April 2018, the Mitsubishi Estate Group became a signatory to the United Nations Global Compact. Our corporate slogan is "A Love for People. A Love for the City" and our Group mission is to contribute to society through urban development. Henceforth Mitsubishi Estate will uphold the Ten Principles of the UN Global Compact and endeavor to respect human rights, eliminate unfair labor, protect the environment and avoid corruption as it continues to contribute to the development of a sustainable world by establishing targets and policies suited to its business and pursuing them using the PDCA management cycle.

Mitsubishi Estate’s GHG Reduction Targets Approved
by Science Based Targets Initiative

Science Based Targets

Mitsubishi Estate’s group-wide medium- to long-term greenhouse gas emissions reduction targets, which the Group formulated in order to help realize a society of zero carbon emissions, were approved by the Science Based Targets initiative in April 2019 as consistent with scientific knowledge related to achieving the 2 °C target under the Paris Agreement.

Targets
MITSUBISHI ESTATE CO., LTD. commits to reduce absolute scope1+2+3 GHG emissions 35 % by 2030 and 87% by 2050 from a 2017 base-year.

Participating in RE100

RE100

On January 31, 2020, Mitsubishi Estate joined RE100, a global corporate leadership initiative bringing together influential businesses committed to 100% renewable electricity. The Group builds on this affiliation to enhance its sustainable urban development efforts utilizing renewable energy.

RE100 is a global corporate initiative led by The Climate Group, an international NGO working to accelerate climate action, in partnership with CDP, an international NGO that provides investors, companies, cities, states and regions with a global disclosure platform to manage their environmental impacts. RE100 brings together influential businesses committed to switching to 100% renewable energy for the electricity they use.

Signing on to TCFD

TCFD(Task Force on Climate-related Financial Disclosures)

On February 3, 2020, Mitsubishi Estate announced its support for the recommendations of TCFD. Going forward, the Company will disclose such information as governance, strategies, risk management, indicators and targets on climate change risks and opportunities in accordance with the framework recommended by TCFD as it works to further improve governance and business strategies pertaining to climate change.

The Task Force on Climate Change-related Financial Disclosures (TCFD) was established by the Financial Stability Board (FSB) based on a G20 request to investigate how to disclose climate-related information and respond to financial institutions. The task force issued its final report in June 2017, encouraging companies and others to disclose climate change-related risks and opportunities.

External Evaluations

Inclusion in Indices

Mitsubishi Estate has been selected for inclusion in the following socially responsible investment (SRI) indices. (as of the end of January 2020)

  • FTSE4Good Global Index *18th consecutive year
  • FTSE Blossom Japan Index *3rd consecutive year
  • MSCI Japan ESG Select Leaders Index *3rd consecutive year
  • MSCI Japan Empowering Women Select Index
  • S&P/JPX Carbon Efficient Index
  • SNAM Sustainability Index *8th consecutive year
  • GRESB Public Disclosure *3rd consecutive year
  • GRESB Real Estate 2019 Three Star/Green Star rating
  • Score A- according to CDP Climate Change 2019 Questionnaire

Socially responsible investing is an approach to investing in companies that takes into consideration their environmental and social initiatives and corporate governance as well as economic aspects. We will continue to integrate our business with sustainability as we pursue sustainable corporate management.

FTSE4Good

FTSE Blossom Japan

Member of SNAM Sustainability Index

GRESB PUBLIC DISCLOSUE 2019

GRESB REAL ESTATE

CDP

Obtaining DBJ Green Building/CASBEE Certification

Mitsubishi Estate endeavors to be socially-conscious and environmentally-friendly in its real estate dealings and to proactively communicate its environmental initiatives.
As of the end of April 2019, 15 of our properties had obtained the DBJ Green Building certification administered by the Development Bank of Japan (DBJ).
Under this certification system, the DBJ comprehensively evaluates environmentally and socially-conscious real estate properties (green buildings) on five factors: the building’s environmental performance, the comfort of tenant users, risk management, consideration for the surrounding environment and community, and cooperation with stakeholders. The building then receives certification with one of five rankings (from one star to five stars) based on its score, which shows the positive feedback given to the environmentally-friendly initiatives undertaken by our company’s developed properties.
Furthermore, 11 of the company’s buildings obtained Comprehensive Assessment System for Built Environment Efficiency (CASBEE) certification. CASBEE is a certification system under the auspices of the Ministry of Land, Infrastructure, Transport and Tourism which ranks and evaluates buildings on various aspects including comfort and environmental performance.
Going forward, we will continue to develop valuable real estate and promote them to tenants, investors and other stakeholders in response to increased interest in and expectations of environmentally-conscious buildings.

000
buildings and projects

Number of projects recognized with CASBEE certification (new construction design)/
DBJ Green Building certification/ABINC certification