Sustainability Committee

MEL believes that efforts to improve sustainability are indispensable for maximizing unitholder value. The Sustainability Committee discusses on important issues, targets, and measures related to sustainability of MEL and MJIA, reports on the status of implementation, and conducts evaluations and analyses related to these issues, as well as sharing the latest knowledge on sustainability.

Sustainability Promotion Structure

Reporting details, meeting frequency and examination process

The Sustainability Committee generally meets once a quarter to discuss sustainability-related key issues, goals and various measures to achieve these goals. The Committee also evaluates the sustainability performances, share the progress on the goals they have set. The contents of the Sustainability Committee are reported to and supervised by the Board of Directors and MEL's Board of Directors, which are held on a regular basis.

Establishment of Sustainability Management Office

In April 2022, the Sustainability Management Office was newly established within the Corporate Management Department of MJIA to further enhancing its commitment to sustainability. Additionally, MJIA appointed a sustainability officer to strengthen the structure further.

Sustainability Promotion Based on PDCA Cycle

In 2022, MEL received Eco Action 21 certification, the certification and registration system in which third party organizations certify and register businesses that promote environmental management, based on "Eco Action 21 Guidelines" formulated by Japan's Ministry of the Environment as part of its Environmental Management System.
Therefore, MEL's PDCA cycle is implemented in accordance with Eco Action 21.

Establishment of the Sustainability Promotion Manual

MJIA has formulated various "Sustainability Promotion Manuals" that stipulate basic policies and specific procedures for monitoring and reduction of greenhouse gas emissions, energy consumption, water consumption, waste volume, etc., and for collaboration with third parties (sustainable procurement), with the aim of enhancing the feasibility of sustainability promotion.

＜Overview of the Sustainability Promotion Manual＞

This table can be scrolled sideways.

Manual	Contents
Environmental Management System Operation Rules	Operational Rules for Sustainability Policy and its Detailed Regulations Establishment, management, and maintenance of EMSs based on PDCA cycle
Greenhouse Gas Emission Reduction Promotion Implementation Manual Energy Conservation Promotion Implementation Manual Water Use Eefficiency Manual Waste Management Manual	Basic policy for continuously identifying the amounts used, discharged and recycling rates, reducing the amounts used and discharged and improving recycling rates Management and analysis of amounts used, discharged and waste recycling
Sustainable procurement implementation manual	Provisions for consideration of sustainability in the procurement of goods and services related to the asset management business of MEL and specific measures to promote sustainability in cooperation with suppliers including property manager Application of sustainable procurement to all suppliers. Requirement to have in place policies and systems related to corporate ethics, including anti-fraud and anti-corruption.