The global environment

Sustainability of the Mitsubishi Estate Group and Society: Four Key Theme

The global environment

The Global Environment

Maintain commitment to reducing environmental impact

In order to fulfill our responsibility to the global environment and realize sustainability, we will maintain our commitment to minimizing environmental impact in our corporate activities and will seek to enhance corporate value as a leading environmentally-friendly company. By realizing a recycling-oriented society, preserving healthy forests, conserving and restoring biodiversity, and thereby creating positive impact, we will create an environment in which our business can operate in a sustainable manner.

[Vision]
Realization of sustainable urban areas and global environment

Material Issues

Risks

Loss of sustainability in our business environment due to changes in the global environment
Increase in costs due to compliance with environment-related regulations and guidelines
Disengagement of customers and decrease in profit opportunities due to failing to comply with environmental requirements of customers

Opportunities

Differentiation of products and services and acquisition of new business opportunities and customers through innovative responses to the environmental issues
Acquisition of business opportunities through utilization of existing building stock through such measures as large-scale building and residential renovations leveraging know-how
Enhanced investor engagement and increased stock market presence through proactive information disclosure

Targets

CO₂ and other GHG emissions reductions	Reduce Scope 1 and 2 emissions by a total of 70% or more and Scope 3 by 50% or more by fiscal 2030 compared with fiscal 2019 Achieve net-zero emissions by 2050 (reduce Scope 1, 2, and 3 by 90% or more. Neutralize residual emissions^1) (Targets approved by the SBT initiative^2 in June 2022)
Percentage of electricity derived from renewable energy	100% by fiscal 2025 (Joined RE100)
Waste emissions	Reduce emissions per square meter by 20% by fiscal 2030 compared with fiscal 2019
Waste recycling rate	90% by fiscal 2030
Procurement of timber in countries with low risk of illegal logging only, including Japan-grown timber^*3	Achieve 100% by fiscal 2030

Emissions that remain unabated within the value chain in the target year are termed “residual emissions.” The SBTi standard requires neutralizing any residual emissions using forest absorption and carbon removal technologies outside the value chain to counterbalance the impact of these unabated emissions and to achieve net-zero emissions.
An international initiative aiming to limit the average global temperature rise resulting from climate change to below 2 ºC above pre-industrial levels
Applies to procurement of timber in the Mitsubishi Estate Group’s own value chain