Supported Initiatives

Principles for Responsible Investment (PRI)

Mitsubishi Corp.–UBS Realty Inc. is the first J-REIT asset manager to become a signatory to the Principles for Responsible Investment ("PRI"), which is an international network of investors organized to realize the six principles proposed to the financial services sector by the then Secretary-General of the United Nations in 2006. The principles advocate possible actions for incorporating Environmental, Social and Governance (ESG) issues into investment decision-making process to enhance long-term investment results for beneficiaries. Mitsubishi Corp.-UBS Realty Inc. became a signatory in August 2013.

Outline of the Principles for Responsible Investment

1. We will incorporate ESG issues into investment analysis and decision-making processes.
2. We will be active owners and incorporate ESG issues into our ownership policies and practices.
3. We will seek appropriate disclosure on ESG issues by the entities in which we invest.
4. We will promote acceptance and implementation of the Principles within the investment industry.
5. We will work together to enhance our effectiveness in implementing the Principles.
6. We will each report on our activities and progress towards implementing the Principles.

For details, please see "Principles for Responsible Investment".


Principles for Financial Action towards a Sustainable Society (Principles for Financial Action for the 21st Century)

"Principles for Financial Action towards a Sustainable Society (Principles for Financial Action for the 21st Century)" were drawn up in October 2011, with the Ministry of Environment serving as secretariat, as guidelines for action by financial institutions seeking to fulfill their roles and responsibilities necessary for the establishment of a sustainable society. Mitsubishi Corp.-UBS Realty Inc. became a signatory in June 2013.
Principles for Financial Action for the 21st Century

The Principles

1. We will recognize our roles and responsibilities, taking into account the precautionary approach, and promote those actions that contribute towards shaping a sustainable society.
2. We will contribute to the formation of a sustainable global society through the development and provision of financial products and services leading to the development and increased competitiveness of "industries contributing to a sustainable society" as represented by the environmental technologies and services sector.
3. From the perspective of regional development and improvement in sustainability performance, we assist the environmental programmes of small and medium enterprises. We will also back activities that will raise environmental awareness amongst citizens and support disaster readiness and community activities.
4. In the formation of a sustainable society we will recognize the importance of cooperation with diverse stakeholders and will not only participate in its activities but will endeavor to take a proactive role.
5. We will not be limited to complying with environmental laws and regulations but will take active steps to reduce our own environmental footprint through resource and energy savings as well as encouraging our suppliers to do likewise.
6. We will recognize activities that will further profile sustainability as a business issue and will endeavor to disclose information on our activities.
7. In order to implement the above actions we will aim to raise the awareness of environmental and societal issues of our own board and support them to take an active role through their normal duties.

For details, please go to https://www.pfa21.jp/

Montreal Carbon Pledge

Montreal Carbon Pledge was launched on September 25, 2014 at "PRI in Person" in Montreal, and is supported by the Principles for Responsible Investment (PRI) and the United Nations Environment Programme Finance Initiative (UNEP FI). The Montreal Carbon Pledge commits investors to measure, disclose and reduce their carbon footprints. Mitsubishi Corp.-UBS Realty Inc. has become the first J-REIT asset manager to sign Montreal Carbon Pledge on September 30, 2015. 
 
We continue to disclose the amount of CO2 emission through its website and work on the reduction of environmental impact for a sustainable society.
PRI Montreal PLEDGE

United Nations Environment Programme Finance Initiative (UNEP FI)

The United Nations Conference on the Human Environment (Stockholm, 1972), established the United Nations Environment Programme (“UNEP”) as the environmental conscience of the United Nations system. UNEP FI was founded in 1992 as a platform associating the United Nations and the financial sector globally. The need for this unique United Nations partnership arose from the growing recognition of the links between finance and Environmental, Social and Governance (ESG) challenges, and the role financial institutions could play for a more sustainable world. UNEP FI is continuously building its membership, and works closely with over 200 members, who have signed the UNEP FI Statement of Commitment. 

In 2013, Mitsubishi Corp.-UBS Realty Inc. ("MCUBSR") became the first J-REIT asset manager to sign Principles for Responsible Investment ("PRI"), which is supported by the United Nations; and in 2015, MCUBSR signs Montreal Carbon Pledge, which is supported by PRI and UNEP FI. Recognizing such sustainability initiatives of MCUBSR, UNEP FI invited MCUBSR to participate in the UNEP FI’s Property Working Group ("PWG"). MCUBSR became the signatory as the first J-REIT asset manager and the PWG member of UNEP FI in October 2016. PWG is a working group consisting of 20 major real estate investors around the world and the MCUBSR is the third working group member from Japan. 

Through becoming a signatory, for the asset management of each investment corporation, MCUBSR is sharing best practice cases globally and continues to put efforts to reduce environmental load and aim to realize a sustainable society.

For more information of UNEP IF, please go to http://www.unepfi.org/

United Nations Global Compact (UN Global Compact)

The UN Global Compact is a call to companies and institutions everywhere to voluntarily align their operations and strategies with ten universally-accepted principles in the areas of human rights, labour, environment and anti-corruption. The UN Global Compact is a leadership platform for the development, implementation, and disclosure of responsible corporate policies and practices. Launched in 2000, it is the largest corporate responsibility initiative in the world with over 13,000 signatories (including 8,300 companies) based in over 160 countries as of July 2015. 

Based on the principles of the United Nations Global Compact, we:
  • prohibit discrimination, child labour and forced labour;
  • support freedom of association; and
  • promote diversity and inclusion.  
Mitsubishi Corp.-UBS Realty Inc. ("MCUBSR") became the first J-REIT asset manager to sign UN Global Compact in October 2016. As a signatory and respecting the principles of the UN Global Compact, MCUBSR further strengthens its corporate governance in the areas of human rights, labour, environment and anti-corruption, based on MCUBS’s corporate mission to "always create new values, for people, the community and the world."

For more information of UNGC, please go to https://www.unglobalcompact.org/

The Task Force on Climate-related Financial Disclosures (TCFD)

Mitsubishi Corp.–UBS Realty Inc. expresses support to the Recommendations published in June 2017 by the Task Force on Climate-related Financial Disclosures (hereinafter referred to as “TCFD”) established by the Financial Stability Board and signed the statement of support in August 2019.
TCFD stands for the Task Force on Climate-related Financial Disclosure. It was established in 2015 by the Financial Stability Board , which is composed of the central banks and financial regulatory authorities of major countries.
In June 2017, in order to reduce risks associated with destabilizing financial markets, TCFD recommended that companies disclose medium- to long-term business risks and opportunities presented by climate change and the effects of climate change on these financial conditions, as well as specific measures and strategies.

Statement in English
 
 
With the worldwide expansion of ESG investing, in which environmental, social and governance factors are taken into consideration for investment decisions, we consider the Recommendations of TCFD, which advocates disclosure frameworks for risks and opportunities posed by climate change, to be an important tool to start actively implementing various climate change measures.
We will continuously aim to realize a sustainable society keeping the Recommendations of TCFD in mind while trying to reduce our environmental load and contribute to local communities in accordance with the asset management company’s business.
 
Mitsubishi Corp.-UBS Realty Inc. is committed to sustainability through the asset management business relating to the Investment Corporations. For details, please see the websites of Japan Retail fund Investment Corporation , Industrial & Infrastructure Fund Investment Corporation Investment  and MCUBS MidCity Investment Corporation.