JMF was established under the Law Concerning Investment Trusts and Investment Corporations of Japan (Law No. 198 of 1951; as amended) (“the Investment Act”) on September 14, 2001. It was the first investment corporation in Japan to specifically target retail real estate assets. It was listed on the Real Estate Investment Trust (“REIT”) Section of the Tokyo Stock Exchange (securities code: 8953) on March 12, 2002.

KJR Management (“the asset manager”), the asset management company for JMF, formally established the Environmental Charter in June 2013, which sets out its environmental principles and action plans. In addition, JMF integrated into the asset management of the investment corporations our Responsible Property Investment strategy. The concept of responsible property investment incorporates environmental, social, and governance considerations into the investment and management process: investment decisions, refurbishment, and operations and maintenance. In terms of investment decisions, the asset manager incorporates environmental and social risks into the evaluation criteria when acquiring, selling, or operating properties. JMF shares the same concept about sustainability with the asset manager that outsources its asset management, and is forging ahead with initiatives. In February 2023, we set and announced new targets for greenhouse gas emissions reduction toward the realization of net-zero emissions by 2050, which states our goal to reduce absolute Scope 1+2 emissions by 42% by 2030 (compared with 2020 baseline) and declaration for net-zero absolute GHG emissions throughout the entire value chain by 2050.

This page contains certain disclosures required to be made pursuant to Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (“SFDR“).