Supported Initiatives

Principles for Responsible Investment (PRI)

In solidarity with the fundamental ideas of the PRI, MCUBS became a signatory in August 2013.
MCUBS is the first J-REIT asset manager to become a signatory of the PRI. 

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)

In solidarity with these principles put forth by the Ministry of the Environment, MCUBS 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

MCUBS became the first J-REIT asset manager to sign the Montreal Carbon Pledge on September 30, 2015. Since then, MCUBS has continued to disclose the amount of CO2 emissions through its corporate website and works on the reduction of its environmental impact for a sustainable society.
PRI Montreal PLEDGE

United Nations Environment Programme Finance Initiative
(UNEP FI)

Acknowledging the proactive sustainability initiatives of MCUBS, UNEP FI invited MCUBS to participate in the UNEP FI’s Property Working Group (PWG). MCUBS became the first J-REIT asset manager to both sign up to UNEP FI and join the PWG of the initiative in October 2016. PWG is a working group consisting of 20 major real estate investors around the world, with MCUBS being the third member from Japan.
Through becoming a signatory, for the asset management of each investment corporation, MCUBS is sharing best practice cases globally and continues striving to reduce its environmental load and realize a sustainable society.

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

United Nations Global Compact (UN Global Compact)

MCUBS became the first J-REIT asset manager to sign up to the UN Global Compact in October 2016. As a signatory and respecting the principles of the UN Global Compact, MCUBS has further strengthened its corporate governance in the areas of human rights, labor, the environment, and anti-corruption, based on its corporate mission to “always create new value 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)

MCUBS supports the spirit of the recommendations published in June 2017 by the Task Force on Climate-related Financial Disclosures (TCFD), which was established by the Financial Stability Board, and in August 2019, MCUBS declared that support.
TCFD 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 business risks and opportunities presented by climate change in the medium to long term, along with the effects of these on financial conditions, as well as specific measures and strategies.
 

Statement in English
 
 
Recognizing that climate change is an important environmental issue that significantly affects our business activities, we will aim to take measures in line with the TCFD framework.
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.