Environmental Policy and Goals

Basic Policy

MJIA has established an environmental management system and strives to protect the environment by promoting environmental initiatives and reducing environmental impact, while also complying with environmental laws and regulations. The Mitsubishi Estate Group also proposes cutting-edge environmental initiatives to ensure that its business activities play a leading role in the development of sustainable communities.
MEL strives to invest in environmentally friendly logistics facilities, and will continue to focus on maximizing the energy efficiency of our properties and is committed to minimizing environmental impact through various sustainable features and initiatives.

KPI Trends

1. Energy

Reduce energy consumption intensity by 15% by FY2030 (Based on FY2017)

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2. GHG

Achieve net zero GHG emissions (including the entire value chain) by FY2050SBTi

42% reduction in total GHG emissions by FY2030 (Scope 1 + 2) (based on FY2021)SBTi

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3. Water Consumption

No increase in water consumption until FY2030 (based on FY2017)

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4. Waste Management

Recycling rate of 70% or more by FY2030.

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5. Environmental Certification

Increasing Environmental Certification to 100% by FY 2030

For environmental certifications, please see below.
https://mel-reit.co.jp/ja/esg/external/greenbuilding.html

Environmental Performance Data

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15% reduction by FY2030 (FY2017 standard)

Energy Consumption Total energy
consumption
(MWh)
Breakdown (MWh) Data
coverage
(GFA basis)
(Note 1)
Energy
consumption
intensity
(kWh/m2)
(Note 2)
Percentage
Change
(intensity)
Gas/fuel
consumption
Electricity
consumption
FY2017 27,920 1,625 26,294 100% 50.20 -
FY2018 30,601 1,629 28,972 100% 54.95 9.5%
FY2019 33,314 1,793 31,521 100% 46.78 ▲6.8%
FY2020 39,146 2,504 36,642 100% 45.30 ▲9.7%
FY2021 42,172 2,613 39,559 100% 38.49 ▲23.3%
FY2022 52,716 2,790 49,926 100% 37.95 ▲24.4%
FY2023 57,791 3,097 54,694 100% 37.81 ▲24.7%

42% reduction of GHG emissions(Scope 1 + 2)by FY2030 (FY2021 standard)SBTi

achieve net zero GHG emissions for the entire value chain by FY2050SBTi

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(unit: t-CO2)

GHG Scope1 Scope2(Note1)
(Market-based method)
Scope1+2 Percentage Change Scope3(Note2) Scope1+2+3 Data coverage
(Floor area basis)
category1 category2 category3 category5 category13
FY2021 0 939 939 - - - - - - 939 100%
FY2022 0 860 860 ▲8.4% - - - - - 860 100%
FY2023 1 0 1 ▲99.9% 3,639 2,301 164 633 13,895 20,633 100%

(Note1)Scope 2 (Market-based method) is calculated considering co-ownership. MEL purchased non-fossil fuel certificates equivalent to our entire Scope 2 emissions from FY2023, achieving a 100% offset of our Scope 2 emissions.

(Note2)Starting in fiscal year 2023, we will begin tallying data by category.Please check Green Finance for aggregated data for previous years.

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Do not increase by FY2030 (FY2017 standard)

Water Consumption Water supply usage (m3) Data coverage
(GFA basis)(Note 1)
Water consumption intensity
(m3/m2) (Note 2)
Percentage
Change
FY2017 63,255 100% 0.114 -
FY2018 70,833 100% 0.127 11.9%
FY2019 73,839 100% 0.103 ▲9.8%
FY2020 80,550 100% 0.092 ▲18.9%
FY2021 84,855 100% 0.082 ▲27.6%
FY2022 110,410 100% 0.078 ▲31.4%
FY2023 128,747 100% 0.084 ▲25.9%

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70% or more by FY2030

Waste Management Waste discharge weight (t) Data coverage
(Floor area basis) (Note 1)
Data coverage
(GFA basis) (Note 1)
FY2017 1,202 82.5% 54.9%
FY2018 1,624 87.9% 73.3%
FY2019 1,700 93.6% 66.6%
FY2020 1,867 86.7% 63.4%
FY2021 3,939 90.6% 62.3%
FY2022 4,802 79.1% 70.2%
FY2023 4,849 86.4% 64.8%

(Note 1)Numerator: Total floor area (m2) of properties for which data for the current year are identified. Denominator: Total portfolio floor area for the current fiscal year

(Note 2)The basic unit is a value calculated by considering the utilization rate, with the numerator for each consumption, etc., and the total portfolio floor area for each fiscal year as the denominator.

(Note 3)Emissions from the tenant-management portion are accounted for in Scope3 based on the owners/tenants' control authority.
In addition, Scope of the same property may differ from year to year depending on the status of acquiring the data.

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Solar Power Generation Annual power generation
(Kwh)
(Note)
FY2018 7,017,147
FY2019 6,710,582
FY2020 11,432,928
FY2021 14,311,834
FY2022 14,709,934
FY2023 18,124,693

(Note)Renewable energy generated by the portfolio properties is sold externally with some exceptions. The figures for co-ownership properties are based on 100%. The amount of solar power generation is based on the properties for which the requisite data and periods are available.

Some data that is the basis of the above table "Environment-related data" is subject to limited guarantee by a third-party organization (Japan Environmental Certification Organization). Please refer to the following third party warranty report for details.

※Greenhouse Gas Emissions Independent Verification Report

※Environmental Performance Data Independent Verification Report