Hiroshi Asai, Executive Director
As society becomes increasingly concerned about sustainability, companies are required to take various actions to resolve issues related to environmental, social, and governance (ESG). Regarding our business initiatives for addressing issues related to the environment, such as climate change, conserving water resources, preventing environmental pollution, conserving resources and reducing waste, issues facing society, such as those related to human rights and revitalization of communities, and issues related to governance, such as compliance with laws and regulations and risk management are the main issues. While we recognize these as medium to long term risk factors, we also believe that they will lead to improved corporate value and unitholder value, including the creation of new value and new business opportunities. In addition, the spread of COVID-19 has been the catalyst for a further emphasis on ensuring the health and safe living of the working people.
In the asset management business as well, it is extremely important to address environmental, social, and governance (ESG) issues in all aspects of our operations. We believe that logistics facilities are social infrastructure, which are the main investment target for Mitsui Fudosan Logistics Park Inc. (“MFLP-REIT”), can especially contribute to resolving environmental and social issues.
Mitsui Fudosan Co., Ltd., the sponsor of MFLP-REIT, has established a Group Environmental Policy and a Policy for Social Contribution Initiatives in relation to activities that contribute to society and the environment, in accordance with its corporate statement of “Bringing affluence and comfort to urban living.”
Mitsui Fudosan Logistics REIT Management Co., Ltd., the asset management company of MFLP-REIT, also established basic guidelines in the form of its ESG (Environment, Society, Governance) Policy in November 2017, and is forging ahead with ESG initiatives for the reduction of the environmental impact and for its stakeholders such as local communities and employees through the operation of logistics facilities and so forth.
The objective of this ESG report is to provide a wide range of information to enhance stakeholder understanding of the ESG initiatives taken by MFLP-REIT and the Asset Management Company. Going forward, we will contribute to achieving a more sustainable society by promoting our ESG initiatives. We ask our unitholders for their continued support and unreserved advice.