Frontier Real Estate Investment Corporation

Code 8964

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Sustainability Management

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Sustainability-Related Material Issues Identified by FRI

Of the items specified in the Sustainability Policy, FRI and the Asset Management Company designate issues of especially high priority (materiality) as material issues and work to address them accordingly.

Press “Click” buttons to jump to an overview of the KPIs, scope and recent results for each material issue.

Sustainability Promotion Framework

Reducing carbon emissions by pursuing energy efficiency

KPIs
  1. Data coverage
  2. Per-unit energy consumption
  3. Per-unit CO2 emissions
Scope
  1. Floor area basis, as of December 31, 2018, excluding land interest properties and properties for which data is unavailable
  2. Energy consumed in facility operations
  3. CO2 emissions from facility operations
Fiscal 2018
results
  1. エネルギー 99% CO2 99%
  2. 23.273kWh/㎡
  3. 0.01t-CO2/㎡

Conserving water and other resources while reducing waste
Reducing hazardous substances and ensuring health and safety

KPIs
  1. Data coverage
  2. Per-unit water consumption
  3. Per-unit waste emissions
Scope
  1. Floor area basis, as of December 31, 2018, excluding land interest properties and properties for which data is unavailable
  2. Water use attributable to facility operations
  3. Waste emissions attributable to facility operations
Fiscal 2018
results
  1. 水 99% 廃棄物 90%
  2. 0.072㎥/㎡
  3. 1.146kg/㎡

Engaging with our employees

KPIs
  1. Training time
  2. Training expenses
  3. Employees with official certifications
  4. Employee satisfaction survey
Scope
  1. Average annual hours of training for employees employed as of March 31, 2019
  2. Average annual training expenses for employees employed as of March 31, 2019
  3. Employees of the Asset Management Company as of April 1, 2019
Results
  1. 24 hours
  2. ¥280,000
  3. ARES Certified Master: 14; Real estate broker: 15; Tax accountant: 1; Securities analyst: 1; etc.
  4. Carried out in July 2019

Establishing trusting relationships with our investors

KPIs
  1. Percentage of portfolio with environmental certification
  2. External certifications
  3. IR briefings held
Scope
  1. Percentage of portfolio properties with environmental certification calculated on a floor area basis (excluding land interest properties), as of June 30, 2019.
  2. External recognitions or certifications of portfolio properties or of FRI or the Asset Management Company as of June 30, 2019
  3. IR briefings held in the six months ended June 30, 2019
Results
  1. 65.9%
  2. 13(External Certifications,certifications acquired by the Asset Management Company
  3. 2

Clearly defining corporate governance mechanisms

KPIs Clearly define and disclose governance mechanisms (corporate governance, governance of sustainability)
Scope The governance systems of FRI and the Asset Management Company

Process of Identifying Material Issues

  • To contribute to social and economic development and the protection of the global environment, the Mitsui Fudosan Group has established a Policy for Environmental Initiatives under its &EARTH vision. The three pillars of the policy are load reduction (reducing the impact of its products and services on the environment), cooperation (collaborating and cooperating with various stakeholders), and quality improvement (enhancing safety, security, and comfort while ensuring sustainability). The Mitsui Fudosan Group strives to put this policy into action.
  • Based on the vision of the Mitsui Fudosan Group and an awareness of the role they must fulfill in their relationships with stakeholders, FRI and the Asset Management Company have established the Sustainability Policy as one of their basic policies.
  • Furthermore, with reference with to GRI standards, FRI has evaluated the importance to itself and to stakeholders of the issues outlined in the Sustainability Policy and designated issues of particularly high priority as material issues.
    FRI has established KPIs to assess specific initiatives related to these material issues. When designating material issues, FRI works to identify relevant stakeholders, understand stakeholder priorities and expectations, clearly identify tasks, and assign an order of priority through the discussions of the Sustainability Committee.

Sustainability Policy
Dialogue with Stakeholders

Looking Forward

FRI and the Asset Management Company seek to achieve sustainable growth by addressing the material issues presented above in the course of their business activities.
At the same time, while remaining aware of society’s expectations by deepening dialogue with stakeholders, FRI will flexibly revise its designated material issues in response to changes in society.

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