Nippon Accommodations Fund Inc. (“NAF”) seeks to achieve its primary goal of maximizing unitholder value over the medium to long term by contributing to solutions for addressing various social challenges that we encounter by engaging in rental apartment and other property investment and management, underpinned by its awareness that attaining sustainable growth of NAF hinges on sustainable growth of society.
In conjunction with Mitsui Fudosan Accommodations Fund Management (the “Asset Management Company”), NAF has long engaged in asset management practices that place due consideration on sustainability, and we have accordingly been taking one step at a time toward amassing concrete results and achievements with respect to sustainability-related issues of particularly high importance to NAF (materiality), which has involved considering action plans regarding such materiality, then setting metrics and targets.
Moreover, we expressed our support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in September 2021, underpinned by the aim of articulating our approach to addressing climate change and carbon neutrality, which has been particularly subject to escalating demands from society in recent years. Then in March of 2022, we performed information disclosure on “governance,” “strategy,” “metrics and targets” and “risk management” and “metrics and targets” pursuant to the matters subject to climate change-related disclosure per the TCFD recommendations, and released refined targets for environmental performance, such as CO2 emissions of energy sources, that serve as key metrics when it comes to achievement of a decarbonized society.
NAF and the Asset Management Company will keep working together to promote initiatives looking toward achieving ongoing improvement. This will involve actively engaging in efforts carried out on the basis of individual action plans, metrics and targets based on materiality issues, and will also involve disclosing sustainability-related information to facilitate more extensive dialogue with various stakeholders, such as unitholders and investors, tenants, officers and employees, participants in the supply chain, and members of local communities, and cooperating with them.