Recognizing that environmental, social, and governance (ESG) initiatives are vital to the achievement of a sustainable society through business and to the creation of medium- to long-term corporate value, Mitsubishi Corporation Urban Development has identified the following as priority items (materiality) to be addressed in our real estate development business and urban development business.
To create a sustainable society in which ecosystems and human activities exist in harmony, we will strive for property development that takes the environment into consideration, along with the reclamation of buildings and the development of properties with high environmental performance.
E:Environment
Environmental, social and governance (ESG) initiatives are important in creating medium- to long-term corporate value and in building a sustainable society through our business. Under that recognition, in our real estate development business and urban development business, we work to preserve the natural environment by enhancing the environmental performance of buildings. We are also advancing the installation of solar power generation systems at our development facilities, with the goal of net zero energy consumption in buildings.
We promote the adoption of environmentally friendly building materials including reduced-CO2 concrete and low-carbon asphalt paving materials.
To create appealing communities that are resilient, safe, and secure for residents, we will advance disaster countermeasures and barrier-free development while supporting community creation and revitalization.
S:Social
In partnership with general contractors, tenants, and other stakeholders, we seek to solve social issues through the procurement of environmentally friendly materials and through facility operation with a mindset of reducing environmental impacts.
E:Environment S:Social G:Governance
We will study smart cities that combine redevelopment for mixed use with the utilization of digital technologies suited to real estate development and community creation, as we promote innovation and growth in society.
S:Social G:Governance
We aim to form a high-market-value professional group by securing professional human resources with a strong awareness of sustainability and by further enhancing their expertise.
S:Social
To draw out the full potential of the human resources that are the source of our corporate vitality and competitiveness, and to create work environments in which diverse people can play active roles, we will promote diversity, work style reforms, and health and productivity management.
S:Social
Under the recognition that the health of employees is a key issue for management, we undertake initiatives related to the maintenance and promotion of employee health.
About health and productivity management-related initiatives >We will achieve a robust governance structure and will enforce compliance and risk management (strengthening of information security, etc.) to ensure the sustainable growth of the company.
G:Governance
STEP 1
Sorting of social issues
Identify issues based on the international norms and major guidelines* that society holds up for the real estate development business
STEP 2
Assessment of importance
Assess the degree of importance to stakeholders and the degree of importance to our company
STEP 3
Deliberation by the management team
Confirm consistency with our company's management policies and growth strategy, and verify the priority and validity of issues
STEP 4
Identification of materiality
Conduct comprehensive assessments and identify materiality
*Sustainable Development Goals (SDGs), GRESB, MSCI