Frontier Real Estate Investment Corporation

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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, recent results and relation to SDGs for each material issue.

Sustainability Promotion Framework
Materiality Support SDGs
Reducing carbon emissions by pursuing energy efficiency
KPIs
  1. Data coverage
  2. Per-unit energy consumption
  3. Per-unit CO2 emissions
(Associated Targets)
7.3 By 2030, double the global rate of improvement in energy efficiency
11.3 By 2030, enhance inclusive and sustainable urbanization and capacity for participatory, integrated and sustainable human settlement planning and management in all countries
13.1 Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries
Scope
  1. Floor area basis, as of March 31, 2020, 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. Energy 98.5% CO2 98.5%
  2. 20.915kWh/㎡
  3. 0.008t-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
(Associated Targets)
6.3 By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials, halving the proportion of untreated wastewater and substantially increasing recycling and safe reuse globally
6.4 By 2030, substantially increase water-use efficiency across all sectors and ensure sustainable withdrawals and supply of freshwater to address water scarcity and substantially reduce the number of people suffering from water scarcity
8.4 Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10‑Year Framework of Programmes on Sustainable Consumption and Production, with developed countries taking the lead
11.6 By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management
12.2 By 2030, achieve the sustainable management and efficient use of natural resources
12.4 By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water and soil in order to minimize their adverse impacts on human health and the environment
12.5 By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse
Scope
  1. Floor area basis, as of March 31, 2020, 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. Water 98.5% waste 88.6%
  2. 0.065㎥/㎡
  3. 1.331kg/㎡
Materiality Support SDGs
Cooperation and coexistence with local communities
KPIs
  1. Asset Management Company employees who take part in runnning activities for &EARTH Clothing Support Project
  2. Participants of the &EARTH Clothing Support Project in FRI Properties
  3. Clothing collected of the &EARTH Clothing Support Project in FRI Properties
  4. Additional donations of the &EARTH Clothing Support Project in FRI Properties
(Associated Targets)
1.1 By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than $1.25 a day
12.8 By 2030, ensure that people everywhere have the relevant information and awareness for sustainable development and lifestyles in harmony with nature
Scope
  1. Asset Management Company employees who participate in the project in the 32nd period ended June 30, 2020
  2. The &EARTH Clothing Support Project in FRI Properties held in the 32nd period ended June 30, 2020
  3. The &EARTH Clothing Support Project in FRI Properties held in the 32nd period ended June 30, 2020
  4. The &EARTH Clothing Support Project in FRI Properties held in the 32nd period ended June 30, 2020
Results The &EARTH Clothing Support Project in spring 2020 cancelled
Engaging with our employees
KPIs
  1. Training time
  2. Training expenses
  3. Employees with official certifications
  4. Employee satisfaction survey
(Associated Targets)
4.4 By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship
16.5 Substantially reduce corruption and bribery in all their forms
Scope
  1. Average annual hours of training for employees employed as of March 31, 2020
  2. Average annual training expenses for employees employed as of March 31, 2020
  3. Employees of the Asset Management Company as of April 1, 2020
Results
  1. 16.5 hours
  2. ¥240,000
  3. ARES Certified Master: 15; 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
(Associated Targets)
12.6 Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle
12.8 By 2030, ensure that people everywhere have the relevant information and awareness for sustainable development and lifestyles in harmony with nature
16.7 Ensure responsive, inclusive, participatory and representative decision-making at all levels
Scope
  1. Percentage of portfolio properties with environmental certification calculated on a floor area basis (excluding land interest properties), as of June 30, 2020.
  2. External recognitions or certifications of portfolio properties or of FRI or the Asset Management Company as of June 30, 2020
  3. IR briefings held in the 31st period ended June 30, 2020
Results
  1. 76.9%
  2. 16(External Certifications,certifications acquired by the Asset Management Company)
  3. 1
Materiality Support SDGs
Clearly defining corporate governance mechanisms
KPIs Clearly define and disclose governance mechanisms (corporate governance, governance of sustainability)

(Associated Targets)
16.7 Ensure responsive, inclusive, participatory and representative decision-making at all levels
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

Relation to SDGs

In September 2015, at the United Nations Sustainable Development Summit, the 2030 Agenda for Sustainable Development was adopted by all 193 member nations. The agenda is a guideline for how citizens, governments, businesses and international society as a whole shall work together to realize sustainability through the Sustainable Development Goals (SDGs)-composed of 17 larger goals and 169 smaller targets-to be completed by the year 2030.
FRI and the Asset Management Company will contribute to the achievement of the SDGs as well as contributing to social and economic development and the preservation of the global environment by tackling our materiality. How FRI and the Asset Management Company working toward achievement of the 17 goals and 169 targets of the SDGs is detailed above.

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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