Sustainability is JMF's Aim

As one of the largest diversified J-REIT investing in real estate that forms the basis of urban life, JMF shares the same concept about sustainability with Mitsubishi Corp. -UBS Realty Inc. (MCUBS) that outsources its asset management, and is forging ahead with initiatives. JMF conducts its investment and operational activities in accordance with "Responsible Property Investment Policy" a policy set out by the asset manager.
 
MCUBS recognized the importance of sustainability at an early stage and as an asset manager, promoted ESG activities.
Then, as a response to the “sustainable development goals” (SDGs) promoted by the United Nations as a new set of common global goals, ESG materiality (key issue) and the SDGs that are closely related to them were adopted, and we will continue to endeavor to bring about a sustainable society through reduction of environmental impact, creation of social value, and sound asset management for all stakeholders.

2050 Carbon Neutral Declaration

Aim to reach carbon neutrality by 2050

2030 Greenhouse Gas (CO2) Emission Reduction Target

Reduce CO2 emissions per unit by 50% by 2030 compared with 2015

Closely Related SDGs to ESG Materiality of MC-UBS Group

JMF has adopted MCUBS’s policy and worked together with the MC-UBS Group, through the Sustainability Committee to study the sustainability vision and goals and ways of working towards making sustainability a reality. It is thought that, with increasing interest in ESG, the concept of sustainability will become more precise through the identification and visualization of materiality related to sustainability issues when conducting dialogue on the subject or cooperating in initiatives with stakeholders.

Level of Importance ★★★

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Most important
ESG materiality
Target KPI Risk Opportunity Closely
related SDGs
Response to
sustainability
certifications
Improving proportion of
environmental
certifications
Acquiring certifications for 75% or more of the total portfolio (Total floor area basis) Decline in assessment among tenants and investors who base their assessments on sustainability ・Improve environmental performance of properties
・Expand the range of investors
[9] INDUSTRY, INNOVATION, AND INFRASTRUCTURE [11] SUSTAINABLE CITIES AND COMMUNITIES
・GRESB Acquiring “5 Star”
・CDP Acquiring more than “B”
Building resilience Implementing disaster
prevention measures
・Preparing emergency supplies at 100% of the properties where such supplies can be kept
・Developing an emergency communication network that covers 100% of properties
・Collecting engineering reports (ERs) regularly for 100% of properties
Increase in expenses for recovery, compensation, etc., after natural disasters Increase in property competitiveness [9] INDUSTRY, INNOVATION, AND INFRASTRUCTURE [11] SUSTAINABLE CITIES AND COMMUNITIES
Energy efficiency Improvement in energy
consumption
Reduction in electric consumption per unit* by 20% compared with 2015
(Directly Managed properties)
(Target year: 2030)
・Increase in energy-related expenses
・Reinforcement of environmental regulations
Cost reduction with efficient energy use [7] AFFORDABLE AND CLEAN ENERGY
Introduction of renewable energy use Renewable energy ratio of electricity used in business activities to 20%
(Target year: 2030)
Ensuring of health
and well-being of
and convenience for
people (tenants)
Improvement in
tenant employee
space
Improving communication space and refresh space at the time of renewal ・Decline in property competitiveness
・Manpower outflow due to declining work conditions
・Improved sustainability assessment by assessment bodies and investors
・Improvement in employee satisfaction and tenant assessment & satisfaction
[3] GOOD HEALTH AND WELL-BEING
Visualization of health and comfort Considering acquisition of wellness certification

Level of Importance ★★

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Important
ESG materiality
Target KPI Risk Opportunity Closely
related SDGs
Waste disposal Reduction in wastes Implementing comprehensive waste management (waste amount, waste treatment operators, final treatment sites) at 100% of directly managed properties
(Target year: 2023)
・Reputation risk caused by increase in wastes
・Increase in processing cost
Processing cost reduction with reduction in wastes [12] RESPONSIBLE CONSUMPTION AND PRODUCTION

Level of Importance 

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Important
ESG materiality
Target KPI Risk Opportunity Closely
related SDGs
Efficient water use Reduction in water
consumption
Implementation of reducing water consumption ・Impact of shortage or quality decline of water resources on surrounding areas
・Rise in cost with increase in water consumption volume
Cost reduction with reduction in water consumption [6] CLEAN WATER AND SANITATION
Partnership with
tenants
Introduction of
green lease
Proposal to introduce green lease to tenants ・Greater tenant burden regarding safety and the environment
・Decline in tenant satisfaction
・Devolution into property attractive to the tenant
・Generation of stable revenues
[12] RESPONSIBLE CONSUMPTION AND PRODUCTION [17] PARTNERSHIPS FOR THE GOALS
Execution of tenant
satisfaction survey
Conducting tenant satisfaction surveys at 100% of directly managed properties
Promoting environmental
consideration to tenants
Proposing (environmentally friendly) interior design criteria for
Collaboration with
local communities
Support for social
welfare organizations
Cooperating for UNICEF fundraising and campaign for United Nations Refugee Support Activities ・Degradation of the environment surrounding the property
・Decline in reputation in the neighboring area
・Revitalization of neighboring areas
・Improvement of corporate image
[17] PARTNERSHIPS FOR THE GOALS
Providing land to
community events
Conducting programs that contribute to communities at 100% of directly managed properties where events can be conducted

* Calculated based on the total floor space (after considerations for occupancy rate)

JMF’s Sustainability that Takes ESG into Account

As a member of the MC-UBS Group, JMF’s corporate activities are based on long-term perspectives of the environment, society and governance in which ESG is taken into account. From the perspective of the degree of influence on both society and the MC-UBS Group, the goal is sustainable growth of the Group and contributing to the SDGs, which, as a global company, is a sustainable development goal, through a focused approach on the identified materiality and creating economic and social value.

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EEnvironment
Goal
Contributing SDGs
Objective of principal initiatives/Examples of initiatives Social benefits Company benefits
Reduce environmental impact / Reduce units of energy consumption by more than 1% per year
[6] CLEAN WATER AND SANITATION [7] AFFORDABLE AND CLEAN ENERGY [12] RESPONSIBLE CONSUMPTION AND PRODUCTION
Control CO2 emissions
・Convert lighting to LED
・Update energy-saving devices for air-conditioning
・Install EV charging equipment
・Install solar panels
・Green lease
・Issue Green Bonds

Reduce waste
・Redesign rubbish bins

Promote efficient use of water
・Reuse rainwater
・Install water-saving toilets
・Reduce environmental impact ・Improved NOI

・Strengthen tenant partnership

・Increase in facility value

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SSociety
Goal
Contributing SDGs
Objective of principal initiatives/Examples of initiatives Social benefits Company benefits
Create social value / Improve health and well-being of tenant employees
[3] GOOD HEALTH AND WELL-BEING [11] SUSTAINABLE CITIES AND COMMUNITIES [12] RESPONSIBLE CONSUMPTION AND PRODUCTION [13] CLIMATE ACTION [15] LIFE ON LAND [17] PARTNERSHIPS FOR THE GOALS
Improve health and well-being of tenant employees
・Improve employee's break space

Disaster prevention measures
・Establish a disaster prevention center at the time of a disaster
・Conduct a risk survey

Contribute to the community and raise awareness about the environment
・Implement ESG study meeting for PM
・Greening of facilities
・Provide sites for regional events
・Provide venues locations for UHNCR activity
・Raise funds through the Kodomo no Mirai Second-hand Books project
・Hold Light-Down campaign
・Hold a Waste Not, Want Not” campaign"
・Bring about a symbiotic society

・Revitalize local community and economy

・Bring about a sustainable society
・Strengthen tenant partnerships

・Strengthen building resilience

・Increase facility users

・Improve recognition level

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GGovernance
Goal
Contributing SDGs
Objective of principal initiatives/Examples of initiatives Social benefits Company benefits
Practice sound asset management for all stakeholders
[9] INDUSTRY, INNOVATION, AND INFRASTRUCTURE [11] SUSTAINABLE CITIES AND COMMUNITIES [12] RESPONSIBLE CONSUMPTION AND PRODUCTION [17] PARTNERSHIPS FOR THE GOALS
Comprehensive corporate governance system
・Governing body made up of General Meeting of Unitholders, Board of Directors and Accounting Auditors
・Transparent management fees
・Transparent decision-making
・Thorough awareness of compliance issues
・Eliminate anti-social forces
・Commit to fiduciary responsibility

Information disclosure to stakeholders
・Timely disclosure/optional disclosure/IR activity
・Disclose information to ESG investors

Maximize investor value
・Sign on to and participate in international initiatives
・Obtain external evaluation/certification
・Maintain and develop a sound market ・Practice sound and efficient asset management

・Expand investor base"

Questions concerning MC-UBS sustainability

Mitsubishi Corp.-UBS Realty Inc.

URL :https://www.mc-ubs.com/english/

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