GRESB is an annual benchmarking assessment to measure ESG (Environmental, Social and Governance) integration of real estate companies and funds, as well as the name of organization which runs the assessment. It was founded in 2009 by a group of major European pension funds who played leading roles in launching Principles for Responsible Investment (PRI). The evaluations by the GRESB are the GRESB Real Estate Assessment Results which is a system for valuating real estate of estate companies and the like, and the GRESB Public Disclosure Level was initiated with five levels of public disclosure that disclosed data on the environmental, social, and governance exclusively.

CDP is an international non-profit organization researching measures taken against global warming by listed companies with the support of institutional investors around the world managing total investments of $142 trillion. CDP has gradually come under the spotlight in recent years as private sector effort working to ensure the effectiveness of the Paris Agreement, which went into effect on November 4, 2016.

Since 2003, CDP has been sending out questionnaires every year to major companies around the world seeking the disclosure of information with relation to areas such as business risks and opportunities coming about due to greenhouse gas emissions and climate change. CDP then assesses corporate actions being taken against the issue of climate change based on their responses. In terms of assessments, there are eight grades: A, A-, B, B-, C, C-, D, and D-.

JMF is the first J-REIT to participate in the CDP climate change program in 2016 and received a score of “A”, the highest level “Leadership” from the CDP Climate Change Program for the disclosure of information regarding its climate change activities in 2024.

Click here for further details on CDP

Science Based Targets initiative (“SBTi”) is a joint initiative between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).
SBTi provides activities, resources, and other assistance that encourage companies to set science-based targets for emissions reduction in order to meet the Paris Agreement goal of limiting global average temperature rise due to climate change to 1.5°C, well-below 2°C compared to pre-industrial levels.

JMF set its targets for CO₂ emissions reduction toward carbon neutrality by 2050 in 2021. In February 2023, JMF reinforced its previous targets and set the new target to reduce absolute GHG emissions by 42% by 2030 compared with 2020 based on verification by a third-party specialist organization.
JMF acquired validation of the targets for GHG emissions reduction set in June 2023 as science-based targets from the SBTi.

The Eco Action 21 is a third-party certification and registration system for business operators that conduct environmental management based on the Eco Action 21 Guidelines formulated by the Ministry of the Environment as part of their environmental management systems.

JMF was certified and registered for the “Eco Action 21”, an environmental management system formulated by the Ministry of the Environment on December 2022.
For more details on the system, please refer to the Eco Action 21 Central Secretariat website.
https://www.ea21.jp/(Japanese text only)