FRI’s Sustainability

Sustainability Promotion Framework

To ensure the efficacy of its sustainability initiatives, the Asset Management Company has established a Sustainability Committee and a Sustainability Secretariat as an organ for examining matters prior to their consideration by the committee. The Sustainability Committee is chaired by the Chief Executive Officer and Representative Director, and its other members are general managers of the Investment Division, the Finance Division, and the Planning and Administration Division.

Sustainability Committee

Meetings	The committee meets once every quarter in principle. * In principle, the Compliance Division General Manager attends committee meetings and offers opinions from a compliance-based perspective.
Role	The Sustainability Committee deliberates sustainability policy, short-and medium-term goals—including key performance indicators (KPIs) used to measure progress—based on the relevant risks and opportunities as well as, to manage and realize these, specific measures and their implementation plans. These items are proposed to the committee by the Sustainability Secretariat.
Committee results(FY2023)	Number of times held: 4 Average attendance rate of committee members: 100%

Sustainability Secretariat

Meetings	The secretariat meets at least once every quarter in principle.
Role	The Sustainability Secretariat is an organ for examining matters prior to their consideration by the Sustainability Committee. The secretariat submits proposals to the committee pertaining to such matters as sustainability policy and short-and medium-term goals—including the KPIs used to measure progress—based on the relevant risks and opportunities as well as, to manage and realize these, specific measures and their implementation plans. Furthermore, the secretariat manages Companywide implementation related to such matters as goals and specific measures decided by the Sustainability Committee and gathers relevant information from responsible divisions that it periodically reports to the committee.

Meetings

The secretariat meets at least once every quarter in principle.

Role

The Sustainability Secretariat is an organ for examining matters prior to their consideration by the Sustainability Committee. The secretariat submits proposals to the committee pertaining to such matters as sustainability policy and short-and medium-term goals—including the KPIs used to measure progress—based on the relevant risks and opportunities as well as, to manage and realize these, specific measures and their implementation plans.
Furthermore, the secretariat manages Companywide implementation related to such matters as goals and specific measures decided by the Sustainability Committee and gathers relevant information from responsible divisions that it periodically reports to the committee.

Annual Activities

Image of Sustainability Promotion Based on the PDCA Cycle

Plan

Formulation of sustainability policy
Consideration and planning of goals and measures related to sustainability
Summary of environmental laws and regulations

Implementation of goal-based measures
Implementation of sustainability training

Check

Sustainability Committee checks progress toward goals, including KPIs (four times per year)
Participation in GRESB real estate assessment
Disclosure of KPI results

Action

Review of activities in the preceding fiscal year
Planning of improvement measures for the next fiscal year
Setting goals for the following fiscal year
Reporting to the Boards of Directors of the Investment Company and the Asset Management Company each time the Sustainability Committee convenes (once every quarter)