Sustainability Management
Sustainability Promotion System
Governance
Governance
Sustainability Promotion System
The Mitsubishi Estate Group sets out matters related to efforts to promote sustainability in the Mitsubishi Estate Group Sustainability Regulations. Chaired by the president & chief executive officer of Mitsubishi Estate and with the director responsible for sustainability (the executive officer in charge of the Sustainability Management and Promotion Department at Mitsubishi Estate) as the deputy chair, the Group’s Sustainability Committee comprises executives in charge of respective functional and business groups and the executive in charge of the Corporate Group, as well as presidents of major Group companies, and it ensures effective Groupwide promotion of sustainability. The Sustainability Subcommittee serves as a forum for detailed discussions to prepare for Sustainability Committee meetings.
The Sustainability Committee typically meets twice a year to deliberate and report on important matters related to sustainability. Prior to the meetings of the Sustainability Committee, the Sustainability Subcommittee conducts preliminary discussions and reporting while compiling information on efforts to promote sustainability made by business groups.
Reports on important matters discussed or reported at meetings of the Sustainability Committee are reported at the following meeting of the Board of Directors by the individual responsible for overseeing sustainability initiatives. This arrangement allows for oversight by the Board of Directors. In implementing sustainability-related measures, the director responsible for sustainability oversees the process, while the sustainability managers and staff of each department at Mitsubishi Estate and each Mitsubishi Estate Group company and of the Sustainability Promotion Executive Office (Sustainability Management and Promotion Department at Mitsubishi Estate) together head the execution of specific activities and studies.
Mitsubishi Estate Group Sustainability Promotion System (As of April 1, 2024)
Monitoring Progress Relating to Key Themes
Mitsubishi Estate monitors progress toward the accomplishment of the key themes and KPIs related to sustainability set out as the strategy for increasing social value in Long-Term Management Plan 2030 by incorporating them into the annual plans for each business and functional group.
The Mitsubishi Estate Sustainability Management and Promotion Department, which serves as the Sustainability Promotion Executive Office, collates information on the status of progress toward achievement of targets and details of initiatives, which is reported to the Sustainability Committee and the Sustainability Subcommittee. The Chief Sustainability Officer, who is the director in charge of the Sustainability Management and Promotion Department at Mitsubishi Estate Co., Ltd., also reports the same information to the meeting of the Board of Directors following the committee meeting.
Moreover, achieving the annual plans makes for one of the qualitative evaluation criteria for determining officer remuneration.
Sustainability Key Themes
Sustainability of the Mitsubishi Estate Group and Society: Four Key Themes
Officer Remuneration
IR Information > Corporate Governance > Remuneration > Indicators and Process for Calculating the Evaluation Index
Past Meetings of the Sustainability Committee
Fiscal 2023
1st meeting (July 19, 2023)
- Establishment of the Timber Procurement Guidelines
- Review of the key themes and material issues related to sustainability for the strategy on increasing social value in the Long-Term Management Plan (progress report)
- Updates to information disclosure based on TCFD recommendations
- Status of progress on KPIs of the Mitsubishi Estate Group 2030 Goals for the SDGs
2nd meeting (February 17, 2024)
- The strategy on increasing social value in the Long-Term Management Plan
- Status of operation and review of Sustainability Incentive Programs
- Status of introduction of renewable energies aimed at achieving RE100 in fiscal 2025
- Stakeholder engagement
- Supply chain risk assessment associated with construction materials
- OMY SDGs ACT5: Initiatives related to Diversity & Inclusion
Past Meetings
Fiscal 2022
1st meeting (July 11, 2022)
- Status of Incentive Programs for Sustainability-Related Initiatives
- Status of supply chain management-related initiatives
- Results of ESG and various benchmarks
- OMY SDGs ACT5 2022 and Other Sustainability Activities
- Status of initiatives toward achieving Mitsubishi Estate Group 2030 Goals for the SDGs
2nd meeting (February 17, 2023)
- FY2021 results and future prospects regarding energy and waste
- Result of Stakeholder Engagement
- OMY SDGs ACT5 2022 initatives and Training Program for Experiencing Social Issues
- Status of initiatives toward achieving Mitsubishi Estate Group 2030 Goals for the SDGs
Fiscal 2021
1st meeting (July 7, 2021)
- Review of energy-related targets (SBT, RE)
- Report on Energy and Urban Development Action 2050
- Information on activities for OMY SDGs ACT5 2021 and status of their implementation
- Status of initiatives toward achieving Mitsubishi Estate Group 2030 Goals for the SDG
2nd meeting (February 25, 2022)
- Revisions to energy-related targets (SBT, RE)
- Revisions to CSR procurement guidelines and status of supply chain management-related initiatives
- Raising the target for percentage of female managers
- Report on activities for OMY SDGs ACT5 project
- Status of initiatives toward achieving Mitsubishi Estate Group 2030 Goals for the SDGs
Fiscal 2020
1st meeting (July 30, 2020)
- Partial revision of the Sustainability Committee Regulations and the Sustainability Subcommittee Regulations
- Discussion of OMY SDGs ACT5
- Roadmap toward achieving the Mitsubishi Estate Group 2030 Goals for SDGs and analysis of issues
- Discussion of recent topics, etc.
- (1)Mitsubishi Estate Group's SDGs-related press release
- (2)Sustainability-related topics (report on recent conditions based on global situation associated with COVID-19 pandemic)
- (3)Current status of Mitsubishi Estate-sponsored promotions
2nd meeting (February 8, 2021)
- Discussion on introducing renewable power in Otemachi-Marunouchi-Yurakucho area
- Initiative related to ensuring traceability of concrete formwork panels at Mitsubishi Estate Residence
- OMY SDGs ACT5 event report
- Discussion on promotion of internal communication measures related to sustainability
- Discussion on complying with ESG index benchmarks
- Discussion on implementation of third-party checks aimed at promotion of the Mitsubishi Estate Group 2030 Goals for SDGs
Fiscal 2019
1st meeting (December 2019)
- Establishment of the long-term (2050) vision*1 and the medium-term goals (2030)*2 in relation to sustainability management
- Status of response to ESG investment and various benchmarks
- Mitsubishi Estate Group Sustainability Vision 2050 announced in January 2020
- Mitsubishi Estate Group 2030 Goals for SDGs announced in January 2020
2nd meeting (February 2020)
- Discussion of the promotion plan and system of checks aimed at "spiraling up" the action plan for Mitsubishi Estate Group 2030 Goals for SDGs, and proposal for concrete action plan in the human rights area
- Discussion of joining RE100 and endorsement of TCFD recommendations
Fiscal 2018
1st meeting (July 2018)
- Setting numerical targets for KPIs and extension of boundaries (scope of disclosure), including consideration of science-based target (SBT) content (medium- to long-term greenhouse gas emission reduction targets)
- Implementing in-house SDGs working group (including review of materiality)
- Publication of Integrated Report
- Human rights due diligence procedures
- Green bond issuance
2nd meeting (March 2019)
- SDGs working group implementation report
- Participation in medium- to long-term CO2 emissions reduction targets (SBTs)
- Review of KPIs
- Change of rules and organization name
- (Name changed from CSR & Environmental Sustainability Department to Sustainability Management and Promotion Department in fiscal 2019)
Fiscal 2017
1st meeting (July 2017)
- Report on FY2016 key CSR themes and KPI results
- CSR activities report, etc.
2nd meeting (February 2018)
- Initiatives for SDGs and review of key CSR themes and KPIs
- Launch of human rights due diligence study group
