Third-party Assurance

Independent Practitioner’s Limited Third-party Assurance Report

To enhance the reliability of the ESG data disclosed, selected data has obtained third-party assurance by KPMG AZSA Sustainability Co., Ltd.

In the information given below, the mark indicates FY2024 data that has obtained third-party assurance.

List of annual data

Environmental Data

Energy Consumption

Trends in the Amount of Energy Consumption
FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Energy Consumption (MWh) 1,488,256 1,433,237 3,653,327 3,935,352 4,135,836 4,240,123
Data with the third-party assurance mark has been independently assured.
Boundary for Energy Consumption
FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
No. of target facilities (facilities) 210 277 789 791 793 820
Total floor area (m2) 6,770,958 7,628,160 18,027,066 19,235,824 20,621,980 21,368,383
Notes:
1. For FY2019 to 2020, facilities for which disclosure is required under the Act on the Rationalization etc. of Energy Use are included. However, some facilities are excluded.
2. For FY2021 onward, facilities owned or hired by Mitsui Fudosan and consolidated subsidiaries that own buildings or have 100 or more employees, as well as a company with high CO2 emissions (Mitsui Fudosan TG Smart Energy Co., Ltd.) are included.
3. Energy consumption is calculated by multiplying purchased energy by a calorific value coefficient. The coefficient used is the unit calorific value set in the Act on the Rationalization etc. of Energy Use.

Water Usage

Trends in Water Usage

Water intake

FY2019 FY2020
*1,2
FY2021 FY2022 FY2023 FY2024
Clean water(thousand m3) 5,619 4,070 9,483 11,433 12,443 13,240
Industrial water(thousand m3) 107 85 236 243 228 221
Purchased reclaimed water(thousand m3) - 63 251 288 417 414
Well water(thousand m3) - 922 1,292 1,594 1,632 1,652
Hot spring water(thousand m3) - 78 204 229 223 222
Pond water(thousand m3) - 57 37 75 43 0
Rainwater(thousand m3) - 74 250 252 260 291
Spring water(thousand m3) - 17 96 96 102 105
Total water intake(thousand m3) 5,726 5,365 11,849 14,210 15,347 16,145
Water intake per base unit
(m3/m2
0.851 0.708 0.671 0.855 0.871 0.872
Data with the third-party assurance mark has been independently assured.

Water recycling rate

FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Water recycling rate (%) *3 15.1 9.2 9.5 7.5 7.3 7.1

Wastewater

FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Sewage water(thousand m3)*4 5,539 4,441 10,181 12,205 13,392 14,085
Seawater(thousand m3) - 270 264 341 322 332
Total wastewater(thousand m3) 5,539 4,711 10,445 12,546 13,714 14,417

*1 Since FY2020, we have improved the accuracy of reporting data received from each facility relating to usage of purchased clean and industrial water.

*2 Since FY2020, we have reviewed water usage categories and added some usage categories to the overall totals.

*3 Water recycling rate: For FY2019, this indicates the proportion of grey water in total water intake (1,016 thousand m3). From FY2020 onward, this shows the proportion of water reused after its initial use by being put into grey water tanks (FY2020: 495 thousand m3; FY2021: 1,121 thousand m3; FY2022: 1,059 thousand m3; FY2023: 1,216 thousand m3; FY2024: 1,146 thousand m3) out of the total water intake.

*4 Amount of wastewater transported to a water treatment plant via underground sewers. Wastewater put into the sea, the ground, underground, or elsewhere is not included in this total.

Boundary for Water Usage
FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
No. of target facilities (facilities) 146 187 477 497 501 537
Total floor area (m2) 6,723,556 7,574,935 17,667,267 16,617,847 17,613,946 18,507,738
Notes:
1. For FY2019 to 2020, facilities for which disclosure is required under the Act on the Rationalization etc. of Energy Use are included. However, some facilities are excluded.
2. For FY2021 onward, facilities owned or hired by Mitsui Fudosan and consolidated subsidiaries that own buildings or have 100 or more employees, as well as a company with high CO2 emissions (Mitsui Fudosan TG Smart Energy Co., Ltd.) are included.

Waste Emissions

Trends in the Amount of Disposed Non-Hazardous Waste (General Waste and Industrial Waste)
FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
General waste (t) 36,546 30,217 95,433 105,987 115,576 119,265
Per base unit
(t/m2)
0.0055 0.0044 0.0055 0.0059 0.0059 0.0059
Industrial waste (t) 10,642 7,863 16,942 21,382 22,410 22,194
Per base unit
(t/m2)
0.0016 0.0010 0.0011 0.0016 0.0016 0.0015
Total (t) 47,188 38,080 112,375 127,369 137,986 141,460
Data with the third-party assurance mark has been independently assured.
Notes:
1. The amount of disposed industrial waste is in accordance with the Waste Management and Public Cleansing Act.
2. Waste emissions include estimates.
Boundary for Waste Emissions
FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
General waste Industrial waste General waste Industrial waste General waste Industrial waste General waste Industrial waste
No. of target facilities (facilities) 132 166 380 334 399 347 398 349 419 362
Total floor area (m2) 6,665,965 7,576,226 17,205,772 15,441,872 18,008,087 13,478,173 19,679,505 14,207,935 20,332,857 14,602,704
Notes:
1. For FY2019 to 2020, facilities for which disclosure is required under the Act on the Rationalization etc. of Energy Use are included. However, some facilities are excluded.
2. For FY2021 onward, facilities owned or hired by Mitsui Fudosan and consolidated subsidiaries that own buildings or have 100 or more employees, as well as a company with high CO2 emissions (Mitsui Fudosan TG Smart Energy Co., Ltd.) are included.

Greenhouse Gas Emissions

Greenhouse Gas Emissions (Scopes 1, 2 & 3)

The Group's emissions for Scope 1, Scope 2, and Scope 3 are as follows.

* The quantification of greenhouse gas emissions is subject to uncertainties related to the measurement of activity data and the determination of emission factors, as well as scientific uncertainties concerning the determination of global warming potential values.
SBT
Scope FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
1000t-CO2 1000t-CO2 1000t-CO2 1000t-CO2 1000t-CO2 1000t-CO2
Scope1 Direct emissions 104 115 140 183 186 209
Scope2 Indirect emissions 413 363 438 457 430 319
Subtotal
(Scopes 1 & 2):
518 479 579 640 616 528
Scope3-1
Purchased Goods and Services
1,199 1,788 1,209 1,658 1,554 1,851
Scope3-2
Capital goods
974 515 835 1,608 353 923
Scope3-3
Fuel- and energy-related activities
(not included in scope 1 or scope 2)
98 92 125 128 142 110
Scope3-4
Upstream transportation and distribution
- - - - - -
Scope3-5
Waste generated in operations
126 170 146 166 85 80
Scope3-6
Business travel
3 3 3 3 3 3
Scope3-7
Employee commuting
5 5 6 6 6 6
Scope3-8
Upstream leased assets
- - - - - -
Scope3-9
Downstream transportation and distribution
- - - - - -
Scope3-10
Processing of sold products
- - - - - -
Scope3-11
Use of sold products
831 1,029 696 695 592 472
Scope3-12
End-of-life treatment of sold products
10 16 13 13 8 11
Scope3-13
Downstream leased assets
621 594 589 586 581 627
Scope3-14
Franchise
- - - - - -
Scope3-15
Investments
- - - - - -
Subtotal
(Scope 3):
3,865 4,211 3,621 4,863 3,325 4,083
Total
(Scopes 1, 2 & 3):
4,383 4,690 4,199 5,503 3,941 4,611
Data with the third-party assurance mark has been independently assured.

Notes:

1. The scope of CO₂ emissions aggregation includes facilities owned or leased by Mitsui Fudosan and its consolidated subsidiaries that either own buildings or have 100 or more employees, as well as a company with high CO₂ emissions (Mitsui Fudosan TG Smart Energy Co., Ltd.).

2. Scope 1 and Scope 2 are calculated using emission factors in line with the Act on Promotion of Global Warming Countermeasures and other relevant methods, based on the amount of energy used (actual figures or estimates) during each fiscal year
・Up to FY2021:   Basic emission factors
・FY2022 and 2023: Post-adjustment emission factors
・FY2024:       Basic emission factors
In addition, for FY2020 and before, some figures are estimates calculated by applying the base unit for each business division to the total floor area.

3. Scope 3-1 is calculated from the sales cost price part in the relevant fiscal year and services provided part of real estate for sale that was sold in that fiscal year. The sales cost price part of real estate for sale that was sold in the relevant fiscal year (excl. land) is calculated by multiplying figures given in the emissions unit value database, which details Ministry of the Environment emission factors used to estimate an organization’s greenhouse gas or other emissions through its supply chain. The services provided part during the relevant fiscal year is calculated by multiplying accounts that exceeded 1% of the total monetary amount covered in Scope 3-1 by emission factors determined by the Ministry of the Environment.

4. Scope3-2 is calculated by multiplying the amount of increase in Property, plant and equipment excluding land and construction in progress by an emission factors determined by the Ministry of the Environment.

5. Scope 3-3 is calculated by multiplying the amount of energy totaled in Scope 1 and Scope 2 by emission factors determined by the Ministry of the Environment.

6. Scope 3-5 is calculated by multiplying the amount of general waste (partially including estimated figures) and industrial waste by emission factors determined by the Ministry of the Environment.
The emission factors applied for each fiscal year are as follows:
・Up to FY2022: AIST IDEA Ver. 2.3
・FY2023:     AIST IDEA Ver. 3.3 (IPCC 2021 AR6)
・FY2024:     AIST IDEA Ver. 3.4 (IPCC 2021 without LULUCF AR6)

7. Scope 3-6 is calculated by multiplying the number of employees of the Mitsui Fudosan Group by emission factors determined by the Ministry of the Environment.

8. Scope 3-7 is calculated by multiplying the number of employees of the Mitsui Fudosan Group by the number of working days for Mitsui Fudosan and emission factors determined by the Ministry of the Environment.

9. Scope 3-11 is calculated by multiplying the area, etc., of real estate sold during the fiscal year by the annual emissions unit value and the remaining service life. From FY2024, the post-sale scenario has been revised to reflect figures that take into account trends in national electricity emission factors based on the IEA’s World Energy Outlook 2024. In addition, for certain properties for which data such as energy consumption cannot be obtained, estimated values have been used in the calculations.

10. Scope 3-12 is calculated by multiplying the area of real estate sold in the relevant fiscal year by emission factors determined by the Ministry of the Environment.

11. Scope 3-13 is calculated using emission factors and other methods in line with the Act on Promotion of Global Warming Countermeasures, based on the amount of energy used (whether actual figures or estimates) in the relevant fiscal year. Some figures are estimates calculated by considering a base unit (of floor area) for each business division.

Proportion of electric power used in business activities derived from renewable energy

Trends in Proportion of electric power used in business activities derived from renewable energy
FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Proportion of renewable energy 0.1% 0.1% 3.0% 8.1% 11.6% 35.5%
*The above presents the proportion of renewable energy in the total electricity used in the private and common areas

Social data

Health and Safety

Health Checkup and Screening Rate
  • Record in FY2019: 99.8%
  • Record in FY2020: 99.5%
  • Record in FY2021: 100%
  • Record in FY2022: 100%
  • Record in FY2023: 100%
  • Record in FY2024: 100%
  • Goal for FY2025: 100%
Data with the third-party assurance mark has been independently assured.
Note: The health checkup and screening rate is the percentage of all steady-basis employees undergoing health checkups or health screening.
The total of all steady-basis employees consists of regular and part-time steady-basis employees as of the end of the fiscal year, excluding those necessarily prevented from undergoing screening (due to international postings, childcare leave, health conditions, etc.).