Sustainability Management

Materiality

Initiatives for Materiality

INDEX

Initiatives for Materiality

As one of the J-REITs, United Urban selects ESG issues to be addressed as follows. They are selected by the MRA’s Sustainability Committee based on the advice of external professionals with consideration of asset characteristics and management policies of United Urban as well as external ESG evaluations and social trends.

Those ESG issues on which United Urban places a high priority are specified as materiality. The action plan and target for each materiality are set and monitored every year and reviewed accordingly.

Selected ESG Issues to be Addressed at United Urban and MRA

MRA specifies materiality that United Urban and MRA should prioritize and marks as "〇".

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2018 2019 2020 2021 2022 2023 2024
Environment Energy consumption/management ◯ ◯ ◯ ◯ ◯ ◯ ◯
Green certified buildings ◯ ◯ ◯ ◯ ◯ ◯ ◯
Tenant and property manager engagement ◯ ◯ ◯ ◯ ◯ ◯ ◯
Safety of buildings
Resilience
Biodiversity and habitat
Waste management
Water consumption/management
Climate risk management
Environmental attributes of building materials
GHG emissions/management ◯ ◯ ◯ ◯ ◯ ◯ ◯
Society Employee performance/career development ◯ ◯ ◯
Supply chain management ◯ ◯
Diversity and equal opportunity ◯ ◯
Employee satisfaction, wellness ◯ ◯ ◯ ◯ ◯ ◯
Contribution to local community/local government ◯ ◯ ◯ ◯ ◯
Contribution to real estate industry ◯
Satisfaction, health and comfort of building users ◯ ◯ ◯
Child labor/Forced or compulsory labor
Labor-management relationships/Worker rights
Asset level safety for tenants
Governance Information management and assurance ◯ ◯ ◯ ◯ ◯ ◯
Disclosure for investors ◯ ◯ ◯ ◯ ◯ ◯
Executive compensation/Employee remuneration ◯ ◯
Bribery and corruption ◯
Shareholder rights
Data protection and privacy ◯
Political contributions
Whistleblower protection ◯
Board skills/diversity ◯

Process for Materiality

Process for Materiality
DFF Inc.

Actions for Materiality

Actions for Materiality

Selected materiality and action plans and targets that United Urban and MRA are working on are as follows. Please also see the actions and achievement in the past.

Materiality (2024) & Related SDGs

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Materiality Related SDGs Action Plan/Target
Environment Energy management/use of renewable energy [11] SUSTAINABLE CITIES AND COMMUNITIES[13] CLIMATE ACTION
  • Long-term target:
    ① Reduce entire portfolio's total GHG emission covering Scope 1 and Scope 2 by 42% by 2030 (compared to 2021)
    ② By 2050, Reduce total GHG emissions including value chain (Scope 3) to net zero.
    (intensity (gross floor area: GFA) based, compared to 2021)
Green certified buildings [7] AFFORDABLE AND CLEAN ENERGY[11] SUSTAINABLE CITIES AND COMMUNITIES[13] CLIMATE ACTION
  • Acquire external environmental certification including CASBEE for Real Estate and BELS.
  • Raise environment certification coverage to 80% (GFA based) by 2024.
Tenant and property manager engagement [11] SUSTAINABLE CITIES AND COMMUNITIES[13] CLIMATE ACTION[17] PARTNERSHIPS FOR THE GOALS
  • Long-term target:
    Incorporate green lease clauses in 100% of contracts of office buildings by 2030.
    (exclusive of residential areas within office buildings)
Society Employee job satisfaction/wellness [8] DECENT WORK AND ECONOMIC GROWTH[17] PARTNERSHIPS FOR THE GOALS
  • Further improve the working environment through better HR system design, workspace infrastructure or IT services.
  • Improve employee engagement.
Diversity and equality [5] GENDER EQUALITY
  • Promote a parental leave acquisition rate to 30% or higher among male employees.
  • Conduct awareness-building training for female employees and all management positions to increase the number of female executives and candidates for managerial positions.
Employee Performance and Career Development [8] DECENT WORK AND ECONOMIC GROWTH[17] PARTNERSHIPS FOR THE GOALS
  • Improve each employee’s qualifications and skills through such as grade-based training programs.
  • Encourage employees to learn technical skills, knowledge and expertise and to obtain qualifications and take external training programs.
Contribution to local community/local government [11] SUSTAINABLE CITIES AND COMMUNITIES[12] RESPONSIBLE CONSUMPTION AND PRODUCTION[17] PARTNERSHIPS FOR THE GOALS
  • Get more involved with disaster prevention measures and revitalization of local communities.
  • Contribute more to make environment clean.
  • Conduct resident-participation programs at retail properties with on-site property managers (5 properties as of December 1, 2023) at least once a year.
Satisfaction, health, and comfort of building users [8] DECENT WORK AND ECONOMIC GROWTH[17] PARTNERSHIPS FOR THE GOALS
  • Conduct a tenant satisfaction survey and improve assessment results.
Governance Disclosure and assurance [9] INDUSTRY, INNOVATION, AND INFRASTRUCTURE
  • Strengthen management and operational systems by utilizing real estate asset management systems.
Disclosure for investors [17] PARTNERSHIPS FOR THE GOALS
  • Disclose non-financial information including ESG related initiatives in a more investor-friendly manner. (improve higher evaluation).
DFF Inc.