Sustainability
Sustainability is IIF’s Aim
With its philosophy of “investing in social infrastructure as a source of power for the Japanese economy and supports Japan’s industrial activities from the perspective of real estate” IIF shares the same concept about sustainability with Mitsubishi Corp. -UBS Realty Inc. (MCUBS) that outsources its asset management, and is forging ahead with initiatives. IIF conducts its investment and operational activities in accordance with "Responsible Property Investment Policy" a policy set out by the asset manager.
MCUBS recognized the importance of sustainability at an early stage and as an asset manager, promoted ESG activities.
Then, as a response to the “sustainable development goals” (SDGs) promoted by the United Nations as a new set of common global goals, ESG materiality (key issue) and the SDGs that are closely related to them were adopted, and we will continue to endeavor to bring about a sustainable society through reduction of environmental impact, creation of social value, and sound asset management for all stakeholders.
2050 Carbon Neutral Declaration
Aim to reach carbon neutrality by 2050
2030 Greenhouse Gas (CO2) Emission Reduction Target
Reduce CO2 emissions per unit by 50% by 2030 compared with 2015
Closely Related SDGs to ESG Materiality of MC-UBS Group
IIF has adopted MCUBS’s policy and worked together with the MC-UBS Group, through the Sustainability Committee to study the sustainability vision and goals and ways of working towards making sustainability a reality. It is thought that, with increasing interest in ESG, the concept of sustainability will become more precise through the identification and visualization of materiality related to sustainability issues when conducting dialogue on the subject or cooperating in initiatives with stakeholders.
Level of Importance ★★★
This table can be scrolled sideways.
| Most important ESG materiality |
Target | KPI | Risk | Opportunity | Closely related SDGs |
|---|---|---|---|---|---|
| Response to sustainability certifications |
Improving proportion of environmental certifications |
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Decline in assessment among tenants and investors who base their assessments on sustainability |
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![[9] INDUSTRY, INNOVATION AND INFRASTRUCTURE](/images/top/img_sdgs_09_en.svg)
![[11] SUSTAINABLE CITIES AND COMMUNITIES](/images/top/img_sdgs_11_en.svg)
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| Improving sustainability activities through participation in GRESB and other external evaluation institutions |
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| Building resilience | Implementing disaster prevention measures |
Completion of construction of emergency call tree | Increase in expenses for recovery, compensation, etc., after natural disasters | Increase in property competitiveness |
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| Response to climate change |
Reduction in CO2 emission |
Reduction in CO2 emission per unit* by 50% compared with 2015 (Target year: 2030) |
|
Cost reduction with efficient energy use |
![[13] CLIMATE ACTION](/images/top/img_sdgs_13_en.svg)
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| Energy efficiency | Improvement in energy consumption |
Reduction in energy consumption per unit* by 30% compared with 2015 (Target year: 2030) |
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Cost reduction with efficient energy use |
![[7] AFFORDABLE AND CLEAN ENERGY](/images/top/img_sdgs_07_en.svg)
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| Introduction of renewable energy | Switching to electricity procured from renewable energy in IIF’s directly managed properties (Target year:2030) |
Level of Importance ★★
This table can be scrolled sideways.
| Important ESG materiality |
Target | KPI | Risk | Opportunity | Closely related SDGs |
|---|---|---|---|---|---|
| Efficient water use | Reduction in water consumption |
Keeping water use per unit* at the same level as 2015 (Target year: 2030) |
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Cost reduction with reduction in water consumption |
![[6] CLEAN WATER AND SANITATION](/images/top/img_sdgs_06_en.svg)
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| Collaboration with local communities |
Providing land to community events |
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![[17] PARTNERSHIPS FOR THE GOALS](/images/top/img_sdgs_17_en.svg)
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* Calculated based on the total floor space (after considerations for occupancy rate)
IIF’s Sustainability that Takes ESG into Account
As a member of the MC-UBS Group, IIF’s corporate activities are based on long-term perspectives of the environmental, society and governance in which ESG is taken into account. From the perspective of the degree of influence on both society and the MC-UBS Group, the goal is sustainable growth of the Group and contributing to the SDGs, which, as a global company, is a sustainable development goal, through a focused approach on the identified materiality and creating economic and social value.
Approach to ESG Materiality, and the SDGs
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| EEnvironmental | |||
| Goal Contributing SDGs |
Objective of principal initiatives/Examples of initiatives | Social benefits | Company benefits |
|---|---|---|---|
Reduce environmental impact
![[12] RESPONSIBLE CONSUMPTION & PRODUCTION](/images/top/img_sdgs_12_en.svg)
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Control CO2 emissions ・Convert lighting to LED ・Update energy-saving devices for air-conditioning ・Install solar panels ・ESCO business ・Green lease Promote efficient use of water ・Reuse on-site well water ・Install water-saving toilets |
・Reduce environmental impact | ・Improved NOI ・Strengthen tenant partnership ・Increase in facility value |
This table can be scrolled sideways.
| SSociety | |||
| Goal Contributing SDGs |
Objective of principal initiatives/Examples of initiatives | Social benefits | Company benefits |
|---|---|---|---|
Contribute to society by supporting Japanese industry
![[3] GOOD HEALTH AND WELL-BEING](/images/top/img_sdgs_03_en.svg)
![[8] DECENT WORK AND ECONOMIC GROWTH](/images/top/img_sdgs_08_en.svg)
![[15] LIFE ON LAND](/images/top/img_sdgs_15_en.svg)
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Improve health and well-being of tenant employees ・Increase number of restrooms Disaster prevention measures ・Install storage batteries for tenants ・Provide lifeline equipment at the time of disaster ・Use domestic water at the time of a well water accident ・Install a waterproofing board Contribute to the community and raise awareness about the environmental ・Implement ESG study meeting for tenants ・Greening of facilities ・Provide sites for regional events ・Provide facility study tours ・Invest in PRE projects |
・Bring about a symbiotic society ・Revitalize local community and economy ・Bring about a sustainable society |
・Strengthen tenant partnerships ・Strengthen building resilience ・Improve recognition level |
This table can be scrolled sideways.
| GGovernance | |||
| Goal Contributing SDGs |
Objective of principal initiatives/Examples of initiatives | Social benefits | Company benefits |
|---|---|---|---|
| Practice sound asset management for all stakeholders
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Comprehensive corporate governance system ・Governing body made up of General Meeting of Unitholders, Board of Directors and Accounting Auditors" ・Transparent management fees ・Transparent decision-making ・Thorough awareness of compliance issues ・Eliminate anti-social forces ・Commit to fiduciary responsibility Information disclosure to stakeholders ・Timely disclosure/optional disclosure/IR activity ・Disclose information to ESG investors Maximize investor value ・Sign on to and participate in international initiatives ・Obtain external evaluation/certification |
・Maintain and develop a sound market | ・Practice sound and efficient asset management ・Expand investor base |