External Evaluations, and Initiatives

Support Expressed for the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)

In January 2022, the Asset Management Company announced its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)(NOTE 1) with the aim of improving transparency by disclosing climate-related risks in line with the TCFD recommendations. It also participates in the TCFD Consortium(NOTE 2), in which many companies and organizations that support the TCFD in Japan participate.

TCFD

  • The TCFD was established by the Financial Stability Board (FSB) to consider how best to disclose climate-related information and how financial institutions should respond. It regards climate change as a serious risk to the global economy, and recommends that companies understand and disclose information on governance, strategy, risk management, and metrics and targets.
  • An organization established to discuss how to disclose and make use of climate-related information. Many companies and organizations that support the TCFD in Japan participate in this consortium.

Initiatives at the Mitsui Fudosan Group

In order to realize continuous value creation, the Mitsui Fudosan Group has positioned ESG (Environment, Society, and Governance) as a key management issue, the Group aims to achieve a sustainable society and drive sustainable profit growth. The Mitsui Fudosan Group supports the following initiatives.

Participation in the United Nations Global Compact

The Mitsui Fudosan Group supports the UN Global Compact comprising 10 principles relating to human rights, labor, the environment, and anti-corruption advocated by the UN. We signed the compact in December 2018, and participate in the Global Compact Network Japan.

Affiliation with RE100

The Mitsui Fudosan Group is a member of RE100, a global initiative committed to utilizing 100% renewable energy. We are also proud to be fighting climate change as a recognized member of the JCLP (Japan Climate Leaders’ Partnership), a local partner of RE100.

Supporting the Task Force on Climate-related Financial Disclosures (TCFD)

The Mitsui Fudosan Group agrees with the disclosure of the associated risks and opportunities regarding climate change proposed by the Task Force on Climate-related Financial Disclosures (TCFD). Furthermore, we are also active as a member of the TCFD Consortium, a collective of Japanese companies supporting the TCFD.

Greenhouse gas (GHG) emissions reduction targets validated by the SBT initiative

The Mitsui Fudosan Groupʼs Groupwide greenhouse gas (GHG) emissions reduction targets have been validated as scientifically sound by the international Science Based Targets (SBT) initiative.

Page Top