JMF works actively on energy conservation measures that relate to asset management, with the aim of creating a sustainable society through the reduction of environmental impact.
As part of our carbon risk measures, at JMF we collectively manage our energy consumption and GHG emissions by outsourcing this work to external contractors; this has enabled us to gather highly accurate and transparent data. We then analyze this data as part of our continuing efforts at managing reductions in energy consumption.

This table can be scrolled sideways.

			Unit	2050 (Target)	2030 (Target)		FY2023	FY2022	FY2021	FY2020 (Base year)	FY2019	FY2018	FY2017	FY2016	FY2015
							March 2023- February 2024	March 2022- February 2023	March 2021- February 2022	March 2020- February 2021	*4	*5	*6	*7	*8
GHG emissions
	Scope 1 (direct emissions)		t-CO2	SBT Certified Net-zero			5,302	5,542	5,135	5,608	6,238	20,515	23,126	23,767	23,230
	Scope 2 (indirect emissions)		t-CO2				17,558	22,061	24,633	29,884	32,658	202,521	216,142	225,272	228,985
	Scope 1+2		t-CO2		SBT Certified Reduce by 42%*2		22,860	27,602	29,768	35,492	38,896	223,036	239,269	249,039	252,215
	Scope 3		t-CO2				236,769	206,297	214,579	232,446	-	-	-	-	-
		Category 1 (Purchased goods and services)	t-CO2				17,207	16,975	17,110	16,998	-	-	-	-	-
		Category 2 (Capital goods)	t-CO2				32,943	28,757	23,994	30,182	-	-	-	-	-
		Category 3 (Fuel- and energy-related activities not included in Scope 1 or 2)	t-CO2				6,215	6,334	6,467	6,716	-	-	-	-	-
		Category 5 (Waste generated in operations)	t-CO2				16,074	14,374	14,478	13,017	-	-	-	-	-
		Category 6 (Business travel)	t-CO2				0	0	0	1	-	-	-	-	-
		Category 7 (Employee commuting)	t-CO2				1	1	1	3	-	-	-	-	-
		Category 12 (End of life treatment of sold products)	t-CO2				0	0	0	0	-	-	-	-	-
		Category 13 (Downstream leased assets)	t-CO2				164,329	139,855	152,527	165,531	-	-	-	-	-
		Category 15 (Investments)	t-CO2				0	0	0	0	-	-	-	-	-
	Per unit		t-CO2/m2				0.09	0.00	0.00	0.00	0.08	0.09	0.09	0.10	0.10
	Date collection rate		%				99.0	-	-	-	-	-	-	-	-
Energy consumption			MWh				426,522	383,880	386,950	400,765	394,471	399,940	423,783	432,473	413,471
	Consumption per unit		kWh/m2				152.34	135.00	132.00	133.00	155.75	163.52	159.24	170.68	164.17
	Date collection rate		%				99.0	100.0	99.9	97.6	97.9	93.0	90.3	93.6	89.7
Fuel consumption (fuel only)			MWh				127,529	112,284	123,172	130,452	117,223	118,587	133,907	126,779	125,639
	Consumption per unit		kWh/m2				45.55	39.00	42.00	43.00	46.28	48.49	50.32	50.03	49.88
	Date collection rate		%				98.1	89.9	90.1	89.6	93.4	100.0	100.0	100.0	94.5
Water Use			thousand m3				3,046	2,681	2,914	2,811	2,621	2,541	2,615	2,691	2,605
	Consumption per unit		m3/m2				1.09	1.00	1.00	1.00	1.04	1.04	0.98	1.05	1.02
	Date collection rate		%				98.7	99.6	99.9	97.5	97.9	92.9	90.3	93.6	91.2
Volume of waste			t				26,633	27,480	26,546	20,737	29,486	24,456	30,151	37,580	42,321
	Date collection rate		%				96.4	99.4	96.3	78.3	80.8	86.6	64.8	89.8	99.2

* Please refer to Award from External Party for further details on SBTi.

• *1Each figures before FY2019 are simply adding up the values of the former Japan Retail Fund Investment Corporation and the fo rmer MCUBS MidCity Investment Corporation.
• *2Compared to FY2020
• *3The above Environment data is compiled based on reports from tenants and operators of each property, but data values may vary due to changes in the scope of reporting.
• *4FY2019: March 2019 - February 2020 (Former Japan Retail Fund Investment Corporation, JRF)
  January 2019 - December 2019 (Former MCUBS MidCity Investment Corporation, MMI)
• *5FY2018: March 2018 - February 2019 (JRF), January 2018 - December 2018 (MMI)
• *6FY2017: March 2017 - February 2018 (JRF), January 2017 - December 2017 (MMI)
• *7FY2016: March 2016 - February 2017 (JRF), January 2016 - December 2016 (MMI)
• *8FY2015: March 2015 - February 2016 (JRF), January 2015 - December 2015 (MMI)
• *9Each figures before 2019 are simply adding up the values of the former Japan Retail Fund Investment Corporation (JRF) and the former MCUBS MidCity Investment Corporation (MMI).
• *10JMF has been given limited assurance by a third party organization (Ernst & Yong Shin Nihon LLC) from 2019 to 2023. Please refer to the “WEB Information” about 2023.

• 2023 WEB Information
• 2023 Independent Assurance Report

Out of consideration for the global environment, together with our tenants we proactively take measures to save energy and reduce GHG Emissions to reduce greenhouse gases at the properties we own.
We have made capital investments at some of our facilities, such as by installing LED lighting and solar power systems, and optimizing air conditioning systems. In this way, we can increase the efficiency of our facilities while recovering investment costs from the rent payments of our tenants; our tenants, meanwhile, can reduce their utility costs without any capital outlay. These energy reduction measures therefore result in a win-win situation for both ourselves and our tenants.

The share of renewable energies installed in FY2023 was 15.0%.

Oyama Yuen Harvest Walk has launched a Power Purchase Agreement (PPA) scheme, contributing to a significant reduction in electricity costs.

By combining the Green Electricity Certificates previously held and the Non-Fossil Certificates newly purchased this year, we reached effectively 100% renewable energy.

In cooperation with the neighboring Yokohama City Hall Building, this helps to increase community resilience by energy saving and also avoidance of power supply disruptions during local disasters. These initiatives have been rated highly, and we have received a new energy silver award, the Agency for National Resources and Energy Commissioner’s Award (Community Coexistence Sector) Silver Award.

Please refer to the award for further details (Japanese only).

It aims to contribute to the realization of a sustainable society by enabling both reduced environmental impact and economic growth through the efficient use of resources and minimization of waste. JMF works towards the sustainable use of resources by actively working to make effective use of water resources and promoting waste minimization.

JMF is engaged in efforts to minimize the amount of waste produced by its properties, and to monitor and appropriately manage the amount of waste generated.
JMF periodically checks compost, waste quantity monitoring, recycling, waste separation management and waste treatment at office properties with multiple tenants that it directly manages in order to use resources effectively and handle hazardous waste properly.

In September 2024, JMF carried out a large-scale renovation of its G-Building Minami Ikebukuro 01.
The renovation was focused on environmental considerations and social responsibility perspectives. It was evaluated for its reduced CO₂ emissions from continuing to use the building structure and for its active use of recycled building materials, and it has realized a Positive Impact Real Estate Investment consistent with the PIF Principles and the PI RE Framework.

For more information on Third-Party Opinion, please click here.

The asset manager and JMF are working to maintain the safety of its buildings by conducting building and earthquake risk assessments at the time of acquisition as well as collecting engineering reports on a regular basis.

When acquiring real estate properties, the asset manager takes various environmental factors into consideration before making investment decisions: property inspections, land history investigations, and other related research on environmental risk factors.
　Recognizing that hazardous substances related to soil contamination and buildings (PCB, asbestos, etc.) are one of the risk factors in real estate transactions. Adequate and reasonable measures are taken in light of socially accepted ideas and trustee obligations, and legal regulations, complaints, and other risk management are implemented in relation to hazardous substances related to soil contamination and buildings.

　During soil and environmental investigations, third party experts perform environmental pollution investigations. Prior to executing any purchase agreement, Investment Corporations will have experts conduct a soil and environmental contamination survey to assist it in assessing a property’s environmental risks. Investment Corporations will use the pre-investment assessment workflow chart indicated below to determine whether the investment would be appropriate.
　Concerning soil contamination, its property acquisition manual stipulates that investment targets shall be, in principle, properties “that are very unlikely to have soil contamination or that cannot eliminate the possibility of having soil contamination but are very unlikely to carry environmental damage risk.”

JMF is working to maintain the safety of its buildings by conducting building and earthquake risk assessments at the time of acquisition as well as collecting engineering reports on a regular basis.