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ESG Policies and Management Structure

As an asset management company for MORI TRUST Sogo Reit, Inc., we, MORI TRUST Asset Management Co., Ltd. recognize that efforts to improve sustainability such as environmental consideration, contribution to society and strengthening corporate governance though our asset management operations are essential for growing unitholders' value in the mid-to-long term run. We hereby establish the "Sustainability Policy" and aim to implement it.

Sustainability Policy

(1) Promoting energy saving and GHGs emissions reduction

In our asset management operations, we make efforts to reduce CO2 emissions through energy conservation by promoting efficient energy use at our assets under management as well as introducing equipment and facilities that contribute to energy conservation and low carbonization.

(2) Contributing to recycle-oriented society

We strive to contribute to realizing sustainable recycle-oriented society through implementing measures to make effective use of limited resources, such as water saving and "3Rs" for reducing wastes, i.e., reduce, reuse, recycle.

(3) Streamlining internal management system and strengthening compliance

We establish internal management system to effectively promote initiatives based on this policy and strictly comply with laws and regulations including environmental and social matters. In addition, we promote sustainability initiatives by improving employees' awareness and performance by continually implementing educational and awareness-raising activities focused on environment, society, and governance (ESG).

(4) Respect for Human Rights

We respect human rights based on international norms such as the Universal Declaration of Human Rights and the ILO Declaration on Fundamental Principles and Rights at Work, and engage in business operations in compliance with human rights-related laws and ordinances in the countries and regions in which we conduct our business activities.

(5) Promoting health and comfort

We implement asset management that seeks improvement in health, safety, and comfort of tenants and facility users. We also respect individual employees and endeavor to create working environments that are healthy and friendly to them and that allow them to display their capacity to the fullest degree.

(6) Responding to climate change and improving resilience

We identify and evaluate risks and opportunities that arise from climate change and reflect them in our asset management operations, and by doing so, promote initiatives for adapting to and mitigating climate change to respond to risks and opportunities.

(7) Collaborating with external stakeholders

We make efforts to contribute to reducing environmental impact of our assets under management, improving tenants' satisfaction and developing sustainable local communities through engaging and collaborating with external stakeholders such as our tenants/occupiers, suppliers (e.g. property management companies) and local communities.

(8) Disclosing ESG information

We strive to proactively disclose ESG information such as this policy and status of sustainability initiatives to build good relationships and communicate with stakeholders such as our unitholders, tenants and suppliers.

Relevance to materiality and the SDGs  

We identify issues, taking into consideration recognized issues in the REIT sector, external organizations' ESG evaluations, current social trends and other factors, and then evaluate materiality from MTR's perspectives by factoring in the main initiatives advanced by MTR as well as the importance and priority of these initiatives. In addition, we seek to contribute to the achievement of the Sustainable Development Goals (SDGs) through the implementation of these materiality-linked initiatives.

Meeting for Promotion of Sustainability

Meetings for promotion of sustainability are held regularly to ensure that Sustainability Policy is implemented and the sustainability goals are achieved.

・President & Director (Chief Officer with the authority to make final decisions on matters related to the promotion of sustainability)
・Other Directors
・General Managers of the Strategic Management Departments and Investment Departments of the Management Divisions (Operating Officers of matters related to the promotion of sustainability)
・General Manager of the Planning & Finance Department
・Compliance Officer
・Other members whose attendance is considered necessary by operating officers

(Details of discussions and reports, frequency of meetings and examination process)
At meetings for Promotion of Sustainability, policies regarding sustainability are established, revised or abolished, and a range of measures that should be taken in line with the Sustainability Policy are discussed and reported.
Meetings for Promotion of Sustainability are held four times a year. We are working on continuous improvement through the repetition of the PDCA cycle, including the examination and planning of measures, the reporting and evaluation of progress, the analysis of results, and the examination and planning of improvement measures.
Matters discussed at the meetings for Promotion of Sustainability are to be decided upon and implemented according to the asset management company's Rules Regarding Administrative Authorities.

Employee training on sustainability

To spread the awareness of sustainability among employees, employee training on sustainability is provided periodically by inviting outside consulting companies as part of the environmental educational and awareness-raising activities.

Information Disclosure and Communication

To build good relationships and communicate with stakeholders such as our unitholders, tenants and suppliers , MTAM widely disseminates information about our sustainability policy and the status of sustainability initiatives through MTR’s financial results presentation materials, asset management reports, its website and press releases.

Stakeholder Engagement

MTAM recognizes that it is important to build good relationships with stakeholders such as customers and suppliers, the unitholders of investment corporations, local communities and employees. We have, therefore, adopted the corporate philosophy set out below and implement this in order to build good relationships with stakeholders, provide higher quality real estate management, increase added value and contribute to social and economic development.

Corporate Philosophy

MTAM was founded as a member of Mori Trust Group for the purpose of managing the assets of real estate investment corporations. The inclusion of “Trust” in our company name conveys the idea that we serve society and are mandated by society to manage assets over the long term. We are, therefore, required to conduct business based on the fundamental management principles of providing high quality real estate management, increasing added value and contributing to social and economic development. The concept of “Trust” is expressed more concretely in the following four qualities, which form our corporate philosophy.

Trust between the trustor and trustee will form the basis of everything we do.

We will prove ourselves worthy of the trust placed in us by operating and managing assets over the long run.

③Benefit sharing:
We will share any profits generated with society and stakeholders for our mutual development

④Social nature:
We will contribute to society by conducting socially beneficial business activities.

Furthermore, MTAM has adopted four basic management principles for realizing this management philosophy: “Growth potential,” “Profitability,” “Stability” and “Transparency.” Striking a balance between these requirements, we endeavor to achieve enduring corporate management in order to prove ourselves worthy of society’s mandate and to live up to the expectations and trust of our shareholders, employees and other stakeholders

To endure and survive as a company, above all else, it is essential to build a compliance structure based on high ethical standards and to ensure compliance. We are committed to doing this based on the strong awareness that it is imperative for us to conduct our day to day operations in strict compliance not only with laws and regulations but also with social norms and internal regulations.

Sustainability Report

We published a "Sustainavility Report" that provides comprehensive information about the ESG approach and activities.

Mori Trust Group's vision for promoting sustainability

*The Asset Management Company are comprised of personnel seconded from Mori Trust Co., Ltd.
Under the slogan "from urban planning to future planning," the Mori Trust Group has identified seven priority themes for the sponsor group's pursuit of sustainability and has set out action plans for realizing harmony between the economy, environment and society.

For further details on the Mori Trust Group's vision for promoting sustainability (Japanese only)