Top Message

Ken Takanashi, Executive Director,
Mitsubishi Estate Logistics REIT Investment Corporation

The global economy has confronted unprecedented challenges in recent years, from the COVID-19 pandemic to the Russia-Ukraine conflict along with supply chain disruptions, rising energy prices, and food crises, leading to economic slowdowns and political instability. MEL thinks that the significance of sustainability with a mid-to-long term perspectives is becoming increasingly important.

All our properties are deeply rooted in the neighborhood to support people's daily lives with a close relationship to the local communities over the mid-to-long term. We believe that it is our social responsibility as a J-REIT to engage in sustainability improvement, such as environmental considerations, social contributions, and governance enhancement, and that it is essential to maximize unitholder value. For implementing these initiatives, MEL is promoting various efforts based on the "Sustainability Policy," a basic guideline formulated by MJIA in February 2019.

The most recent specific initiatives include expanding disclosure based on TCFD (Task Force on Climate-related Financial Disclosure) recommendations, formulating a Climate Transition Plan (roadmap) to achieve a decarbonized society, and obtaining certification by SBTi for its newly set GHG emission reduction targets for FY2030. We will continue to make earnest efforts to reduce our environmental impact, including addressing climate change, and promote energy conservation in our properties, introduction of renewable energy, and greening of our portfolio. In addition, we will be conscious of responding to ever-changing social issues and ensuring reliable and transparent governance and will work to ensure the safety and security of our portfolio, improve comfort, and build a governance structure with a high degree of diversity.

Furthermore, the Mitsubishi Estate Group, to which MJIA belongs, has established the "Mitsubishi Estate Group Sustainability Vision 2050" with a view to sustainability management in 2050. To achieve this vision, we have identified the "Mitsubishi Estate Group Sustainable Development Goals 2030" in the Long-Term Management Plan 2030 as a milestone that defines specific themes and actions to achieve this vision, which is also shared by MJIA.

MEL will continue to strive to build a relationship of trust with various stakeholders including our unitholders and fulfill its mission of maximizing unitholder value over the mid-to-long term through further enhancement of ESG initiatives in asset management and appropriate disclosure of its performance.