Initiatives
Support for TCFD Recommendations
TCFD is an international initiative established by the Financial Stability Board ("FSB") at the request of the G20, to examine how climate-related information should be disclosed, and how financial institutions should respond. TCFD publishes recommendations for companies to disclose their "governance," "strategy," "risk management," and "metrics and targets" for climate change-related risks and opportunities.
The TCFD Consortium was established to promote joint endeavors by companies and financial institutions that support the TCFD recommendations and provide a forum for discussions on effective disclosures by companies and on initiatives to link disclosed information to appropriate investment decisions by financial institutions and other organizations.
The Asset Management Company declares its support for the recommendations of the Task Force on Climate-related Financial Disclosures in December 2021 and is a member of the TCFD Consortium.
Participation in Japan Climate Initiative (JCI)
The Japan Climate Initiative (JCI) is a network established by Japanese companies, local governments, and non-governmental organizations actively working on climate change measures. It was founded in response to the 2015 Paris Agreement aimed at preventing global warming, with the goal of voluntarily achieving a decarbonized society.
From FY2022, the Asset Management Company has declared its support for the Japan Climate Initiative, and is working to create a framework for disclosing financial information related to climate change.
Signatory of Principles for Financial Action for the 21st Century
The "Principles for Financial Action towards a Sustainable Society (Principles for Financial Action for the 21st Century)" were established in October 2011 as a guideline for financial institutions that seek to fulfill their responsibilities and roles necessary for the formation of a sustainable society, with the Ministry of Environment taking on the role of secretariat.
The Asset Management Company became a signatory to the Principles for Financial Action for the 21st Century in March 2023. By acting on the principles, it will undertake its investment management in a responsible manner for the formation of a sustainable society.
External evaluation
Participation in GRESB Real Estate Assessment
GRESB is an annual benchmarking assessment to measure ESG (Environmental, Social and Governance) integration of real estate companies and funds, as well as the name of organization which runs the assessment. It was founded in 2009 by a group of major European pension funds who played leading roles in launching Principles for Responsible Investment (PRI).The GRESB Real Estate Assessment is distinguished by its comprehensive evaluation of sustainability efforts of real estate companies and REITs, etc., and not of individual properties.
MFLP-REIT has received the highest "5 Stars" in GRESB Rating continuing from last year, which is based on GRESB Overall Score and its quintile position relative to global participants.
In addition, MFLP-REIT has won a "Green Star" designation for the 4-consecutive year since it is highly evaluated in both areas "Management Component" that evaluates policies and organizational structure for ESG promotion, and "Performance Component" that assesses environmental performance and tenant engagement of properties owned.
Also received the highest "A revel" for the GRESB Public Disclosure, which assess the width of ESG disclosure.
Certification and Registration for "Eco Action 21"
Eco Action 21 is a third-party evaluation system to certify and register organizations which implement appropriate environmental initiatives, establish, operate, and maintain environmental management system, and promote environmental communication in accordance with the "Eco Action 21 Guideline" formulated by the Ministry of Environment.
MFLP-REIT was certified and registered for the "Eco Action 21" in December 2024.
Selection as a Constituent of the "FTSE4Good Index Series"
FTSE4Good Index Series is an index series provided by FTSE Russell, a global index provider, designed to measure the performance of companies that demonstrate excellent environmental, social, and governance (ESG) practices. It is widely used in the composition and evaluation of responsible investment funds and other financial products.
MFLP-REIT has been recognized for its commitment to ESG and has been newly selected as a constituent of this index series starting in 2024.
For details of FTSE4Good Index Series, please click here .
Initiatives for ESG finance
In addition to further promoting ESG initiatives by procuring funds through ESG finance, MFLP-REIT intends to strengthen the funding base by expanding our sources of funding through approaching the group of investors interested in ESG investment and financing.