External Initiatives and Certifications
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
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.
Participating in 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
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.
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.
Obtaining DBJ Green Building/CASBEE Certification
buildings and projects
Number of projects recognized with CASBEE certification (new construction design)/
DBJ Green Building certification/ABINC certification