Sustainability
Environment
Addressing climate change
Supporting the recommendations of the Task Force on Climate-related Financial Disclosures
Mitsui Fudosan Investment Advisors announced its support of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in February 2022 as a means of further enhancing its disclosure of information on climate-related issues.
Based on the understanding that climate change presents a serious risk to the global economy, TCFD released recommendations stating that companies and other organizations should ascertain and disclose information on their governance, strategy, metrics and targets, and risk management.
The TCFD recommends that organizations disclose information on the items shown below. MFPR discloses this information on its website.
| Governance | The organization's governance around climate-related risks and opportunities |
|---|---|
| Strategy | Actual and potential impacts of climate-related risks and opportunities on the organization's business, strategy, and financial planning |
| Risk management | The organization's process of identifying, assessing, and managing climate-related risks |
| Metrics and targets | Metrics and targets used to assess and manage climate-related risks and opportunities |
Examples of initiatives to reduce environmental impact
For initiatives involving capital investment, such as switching to LED lighting and highly efficient air conditioners, we consider lifecycle cost and other factors and give priority to implementing those that are highly cost effective. Furthermore, we are actively introducing renewable energy in collaboration with tenants with the aim of causing less impact on the environment through our energy-consuming activities.
Adopting LED lighting to reduce energy use
We are working to reduce energy consumption by adopting LED lighting for both the exclusively owned and common areas of facilities.
Opening a battery-backed ultra-fast EV charging hub at the MFPR Kojimachi Building
Audi charging hub Tokyo in Kioicho was opened at MFPR Kojimachi Building with tenant Audi Japan. Featuring two battery-backed ultra-fast EV charging stations with a total of four charging points, this is the first charging hub for Audi outside Europe.
Introducing FIT non-fossil certificates
FIT non-fossil certificates have been introduced as green power at MFPR's owned properties.
Environmental certifications
MFPR has acquired many environmental certifications thanks to its various initiatives. Please refer to the MFPR websitefor details on the certifications.
| Metric | Target value |
|---|---|
| Acquisition rate of environmental certifications | 70% by the end of fiscal year 2025 |
| Certifications | Properties certified | Certification rate*1 |
|---|---|---|
| DBJ Green Building Certification | 10 | 39.9% |
| CASBEE for Real Estate | 8 | 32.8% |
| BELS | 2 | 9.8% |
| ZEB | 1 | 7.0% |
| As of June 30, 2024*2 | 16 | 65.8% |
- The certification rate is calculated based on the total floor area under management.
- Each property is counted only once even if it has acquired multiple certifications.
Green Loan
MFPR procure funds through green loans with the aim of making further progress on sustainability-related initiatives and solidifying our funding base by expanding the pool of investors and lenders interested in ESG investing and lending.
| Period | Amount | Number of lenders |
|---|---|---|
| Year ended June 30, 2024 | 1 billion yen | One bank |
| Cumulative total (for years ending June 30, 2022, to June 30, 2024) | 27 billion yen | Total of 10 banks |