ESG at the Mitsui Fudosan Group

Sustainability Promotion Framework

Sustainability Promotion Framework

With the aim of contributing to ESG promotion and to the achievement of the SDGs, as well as to promote activities related to decarbonization efforts, Mitsui Fudosan has established an ESG Promotion Committee (headed by the President and Chief Executive Officer). The company has also established an ESG Management Committee, subordinate to the ESG Promotion Committee (headed by the Director of the Sustainability Promotion Division). The ESG Promotion Committee manages principles and policy formulation for ESG, SDGs, and decarbonization initiatives. The committee also coordinates the goals and planning of environmental promotion activities for each business division, and oversees and evaluates the progress of those activities. To promote these efforts, the ESG Management Committee establishes fiscal year targets for each division in accordance with the Group Environmental Policy, and is carrying out tasks such as progress management. With respect to climate change risk, the ESG Management Committee gathers information through a variety of channels relating to domestic and international trends and demands. Information sources include the Japanese government; regional public organizations; the Japan Federation of Economic Organizations (Keidanren); and real estate associations. The ESG Management Committee, which is equipped with highly specialized expertise, identifies climate-related risk for each business division, while the ESG Promotion Committee evaluates potential adverse effects of that risk. Where there is significant risk, the Risk Management Special Committee considers the potential influence on the company’s business and possible responses through the company’s operations.

Reports on ESG issues are transmitted to the Board of Directors on a regular basis. Environmental goals and progress are monitored, and as needed, the Board considers whether action may be required. In addition, the status of ESG-related initiatives is considered in determining management evaluation and compensation.

Moreover, environmental initiatives are carried out in a planned fashion alongside Group companies subject to environmental policies.

Sustainability promotion organizational structure of the Mitsui Fudosan Group (As of April 1, 2023)

Note: Mitsui Home, Mitsui Fudosan Facilities, Mitsui Fudosan Retail Management, Mitsui Fudosan Hotel Management, and Tokyo Midtown Management promote environmental conservation activities by establishing their own environmental policies based on the Group Environmental Policy. These companies also conduct their own social and environmental reporting.