Initiatives for ESG
- Environmental Principles and Initiatives for Environment/Society
- Initiatives for Governance with Consideration for Unitholder's Interests
Initiatives for Governance with Consideration for Unitholder's Interests
MFLP-REIT and the Asset Management Company are working to establish proper governance through the following measures in order to build a solid relationship of trust that aligns interests of unitholders and interests of MFLP-REIT and the Assets Management Company while giving sufficient consideration to unitholder's rights.
Management of MFLP-REIT’s assets is entrusted to Mitsui Fudosan Logistics REIT Management Co., Ltd., the Asset Management Company,
which performs its assignments based on the asset management agreement concluded with MFLP-REIT under the following organizational structure.
Rules concerning conflicts of interest in asset management
The acquisition and transfer of assets by MFLP-REIT from related parties are decided by the Asset Management Company via a transparent decision-making process.
|*1:||The above chart shows the decision-making flow when a transaction involves a related party, which requires the approval of MFLP-REIT's Board of Directors under Article 201-2 of the Act on Investment Trust and Investment Corporations.||*2:||If a transaction prescribed in Article 201-2 of the Act on Investment Trusts and Investment Corporations falls under the criteria for insignificance, the approval of MFLP-REIT's Board of Directors shall be omitted.|
Asset management with emphasis placed on relationship of trust with unitholders
Asset managemetn fee structure consistent with the interests of unitholders
The aim is to keep the interests of MFLP-REIT's unitholders consistent with the interests of the Asset Management Company.
Same-boat investment in MFLP-REIT by Mitsui Fudosa
MFLP-REIT receives 12.9%investment in capital from Mitsui Fudosa. (As at July 31, 2017)
Receiving certain investmetn in capital leads to alignment of the interests of MFLP-REIT's unitholders and Mitsui Fudosan and asset management tha pursues mutually greater interests.
Timely and proper information disclosure and securement of transparency
MFLP-REIT strives to make timely and proper disclosure of information necessary for unitholders to make investment decisions. Upon disclosure, MFLP-REIT promotes prompt ans transparent information disclosure to secure fairness and equality, and also promotes disclosure of not only financial information but also non-financial information concerning ESG.