Materiality
Identified Materiality
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Environment (E) | ||||
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Responding to Climate Change/Enhancing Portfolio Resilience | |||
KPIs and targets | GHG Emissions (Scope 1 + 2) | Target: 42% reduction by FY 2030 (based on FY 2021) | ||
Total GHG Emissions For the entire Value Chain |
Target: Achieving Net Zero by FY 2050 | |||
Energy consumption intensity | Target: 15% reduction by FY 2030 (based on FY 2017) | |||
Policy | We aim to reduce greenhouse gas emissions by introducing equipment that contributes to energy efficiency and energy conservation in our portfolio. | |||
Page | https://mel-reit.co.jp/en/esg/environment/ | |||
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Resource savings | |||
KPIs and targets | Water consumption intensity | Target: Not increased by FY 2030 (based on FY 2017) | ||
Waste recycling | Target rate: 70% or more by FY 2030 | |||
Policy | We will promote the efficient use of resources (including water) and promote the reduction and recycling of waste. When disposing of waste, we comply with laws and regulations and properly dispose of such waste (including hazardous substances). |
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Page | https://mel-reit.co.jp/en/esg/environment/ | |||
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Promotion of Green Portfolio/Active Receipt of Green Building Certification | |||
KPIs and targets | Green building certification | Target: Increase to 100% by FY 2030 | ||
Policy | Obtain various green building certifications and visualize the objectivity and performance of GHG emissions reductions. | |||
Page | https://mel-reit.co.jp/en/esg/external/greenbuilding.html |
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Society (S) | |||
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Improvement of Health, Safety and Comfort/Improvement of Tenant Satisfaction | ||
KPIs and targets | Regular implementation of Tenant Satisfaction Surveys | ||
Policy | We aim to improve tenant satisfaction by conducting regular tenant satisfaction surveys, conducting renovation work in response to diversifying social needs, and expanding tenant support services. (environmental and energy-saving measures, health, safety, comfort improvement, etc.) | ||
Page | https://mel-reit.co.jp/en/esg/social/ | ||
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Contribution to local communities and implementation of community contribution programs | ||
KPIs and targets | Regular implementation of community contribution programs | ||
Policy | We will strive to contribute to society by regularly implementing community contribution programs (including participation in local cleaning activities) and contributing as a disaster prevention center for our portfolio. | ||
Page | https://mel-reit.co.jp/en/esg/social/communities.html | ||
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Creating a safe and comfortable work environment for everyone and improving employee satisfaction | ||
KPIs and targets | Implementation of an employee satisfaction survey | ||
Acquisition rate of paid holidays | Target: 90% or more (calculated by employees on April 1 of each fiscal year) | ||
Female management ratio | Goal: 30%(By FY 2030) | ||
Acquisition rate of childcare leave | Goal: 100%(By FY 2030) | ||
Policy | We will respect the basic rights and diversity of our employees and create an environment and system that maintains a good work-life balance. | ||
Page | https://mel-reit.co.jp/en/esg/social/balance.html | ||
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Human Resource Development by Enhancing Continuous Training | ||
KPIs and targets | Training hours per employee | ||
Number of qualified employees | |||
Policy | We regard employees as important management resources "human assets" for a company, and conduct various types of training to improve a wide range of expertise and skills, as the growth of employees is essential to our growth as a company. | ||
Page | https://mel-reit.co.jp/en/esg/social/developing.html |
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Governance (G) | |||
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Thorough Compliance and Risk Management | ||
KPIs and targets | Meetings of the Compliance Risk Management Committee | Target: Held as needed | |
Frequency of compliance and risk management training sessions | Target: 4 times par year | ||
Compliance and Risk Management Training Participation Rate | Target: 100% | ||
Safety confirmation training | Target: twice a year | ||
Internal audit | |||
Policy |
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Page | https://mel-reit.co.jp/en/esg/governance/compliance.html | ||
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Enhancing Governance | ||
KPIs and targets | Frequency of the Board of Directors of MEL | ||
Attendance rate for the Board of Directors of MEL | |||
Policy | We aim to build a governance system by ensuring the third-party nature and diversity of the Directors of MEL. | ||
Page | https://mel-reit.co.jp/en/esg/governance/ | ||
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Enhance Clear Information Disclosure and Engagement with Stakeholders (Investors) | ||
KPIs and targets | GRESB、MSCI、PRI | ||
Number of IR meeting | |||
Policy | We aim to build an strong relationship of trust by disclosing information in a timely, appropriate, and proactive manner, including sustainability information, and regularly holding engagement with stakeholders (investors) through business activities that utilize IR and other means. | ||
Page | https://mel-reit.co.jp/en/esg/external/environmental.html |
Materiality Identification Process
Step 1 Identification of Issue Items | With reference to the evaluation items of the main evaluation organizations (GRESB, etc.) and disclosure frameworks (GRIs, etc.) related to sustainability of the Investment Corporation, issues were identified over a wide area based on the expectations of stakeholders and the status of other companies in the same industry. |
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Step 2 Focusing and Prioritizing | Formulate materiality (draft) by organizing and integrating issues as appropriate and prioritizing them in light of social trends and expectations demanded by internal and external stakeholders and the impact on the business and performance of the Investment Corporation. |
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STEP 3 Meetings, Validation and Approval by Management | The materiality (draft) is discussed external specialized institution and management, including President & Chief Exective officer of MIJA, and approved by the Sustainability Committee of MIJA identify materiality. |
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