The Asset Management Company established the “Sustainability Policy” in April 2016, under the recognition that promotion of sustainability is the important topic in its asset management business. Our CEO, who is also the most senior decision maker on sustainability issues made a statement that the organization will commit to the sustainability issues especially the material issues identified above.
Process for Identifying Material Topics
We identified our material topics through discussion at the Office of the Asset Management Company. The topics identified were approved by the Investment Committee, which is the highest-level decision maker of the Asset Management Company.
Step1
We gathered information to identify the issues that NAF might have a significant impact on sustainable growth of the environment, society and economy, by referring to the following:
- Mitsui Fudosan Group's long-term vision, “VISION 2025”
- UN Sustainable Development Goals (SDGs)
- Global Reporting Initiative Index
- External ESG evaluation such as GRESB real estate assessment and MSCI ESG rating
- Interim summary issued by ESG real estate investment investigate committee, Ministry of Land, Infrastructure and Transport, Japan
Step2
We assessed and prioritized each issue by using 2 axes of impacts: on our investment policy and on our stakeholders, environment and society. Then, we identified material topics that NAF should strategically allocate its resources.
Step3
The material topics were discussed and approved at the Investment Committee, which includes the President & CEO of the Asset Management Company who is a member of the Committee and the highest-level decision maker of the Asset Management Company.
Step4
The material topics have been communicated to all employees in the Asset Management Company as well as board members in the investment committee. The topics are subject to periodical review and update to reflect changes in society and environment.
Materiality
This table can be scrolled sideways.
Materiality and status of initiatives | Applicable SDGs | ||
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Environment | Promote Energy Efficiency and CO2 Emissions Reduction (Act against Climate Change) |
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Why this topic is material |
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How the organization manages the topic |
【Environmental Targets】
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Acquire External Certification and Assessment on Sustainability |
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Why this topic is material |
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How the organization manages the topic |
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Build Partnership with Property Companies and Operators |
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Why this topic is material | We consider that cooperating with property management companies and operators that manage our asset is essential to promote our sustainability initiatives. | ||
How the organization manages the topic |
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This table can be scrolled sideways.
Materiality and status of initiatives | Applicable SDGs | ||
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Society | Develop Human Capital and Raise Sustainability Awareness among our Employees |
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Why this topic is material | We understand that providing a working environment, in which employees of the Asset Management Company can maximize their capability, contributes to improving their productivity and attracting new talents. This will eventually benefit the investment corporation. | ||
How the organization manages the topic | We provide the following programs and benefits to our employees in the Asset Management Company.
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Enhance Tenant Satisfaction, Safety and Comfort |
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Why this topic is material | We recognize that our asset, residential or accommodation facilities, have a substantial impact on safety and comfort of our tenant. Therefore, it is highly important to maintain and improve them. | ||
How the organization manages the topic |
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Contribute to Community Development |
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Why this topic is material | We consider that developing local community will have an impact on maintaining and increasing competitiveness of our properties. | ||
How the organization manages the topic |
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Utilization of Regional Revitalization Support Tax System (Corporate Version Hometown Tax Donation) by the Asset Management Company |
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Why this topic is material | We believe that we can contribute to environmental and social activities promoted by local governments by making donations through the regional revitalization support tax system (corporate version hometown tax donation). | ||
How the organization manages the topic |
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This table can be scrolled sideways.
Materiality and status of initiatives | Applicable SDGs | ||
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Governance | Ensure Fairness and Transparency of Corporate Governance |
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Why this topic is material | We understand that complying with laws and regulations and having organization process that embraces fair transactions will have a significant impact on trust and confidence from stakeholders. | ||
How the organization manages the topic | The asset management company of NAF has established the following governance structure.
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