Mitsui Fudosan Accommodations Fund Management Co., Ltd. ("the Company"), as the asset management company for Nippon Accommodations Fund Inc., (“NAF”) in recognition of the importance of initiatives for sustainability including environmental and social considerations for carrying out asset management activities, strives to achieve asset management activities giving consideration to reduction of environmental load and diversified affiliations and collaborations with various internal and external stakeholders, in line with the "Group Environmental Policy" and "Policy for Social Contribution Initiatives" established by the Mitsui Fudosan Group. Moreover, as an asset management company of an investment corporation, based on the recognition of the importance of corporate governance, the Company strives to ensure thorough compliance and establish a structure for risk management, and implement necessary measures.
２．Reduction of Environmental Load
- Promoting energy saving and reduction of CO2 emissions
By promoting efficient use of energy in asset management activities and pursuing introduction of energy-saving facilities, etc., the Company endeavors to reduce CO2 emissions through energy saving.
- Preserving water environment and promoting resource saving and waste reduction
The Company aims to preserve the water environment by initiatives for saving water and introduction of water-saving devices. The Company also makes an effort to promote reduction of harmful substances, resource saving and waste reduction.
３．Collaborations with Various Internal and External Stakeholders
- Officers and employees
The Company recognizes that human resources are the most valuable assets and strives to create an employee-friendly and healthy work environment in order for individual officers and employees to fully exert their capabilities as well as to promote initiatives for human resource development through training support and other measures. In addition, the Company aims to improve awareness of sustainability by continuously providing training sessions and awareness programs for its officers and employees.
The Company strives to implement disaster prevention measures by improving response times during emergencies and strengthening preparedness during normal times in rental apartments, the major assets for which it manages investments, in an effort to enhance safety and security of the properties. At the same time, the Company aims to improve customer satisfaction by enhancing the level of tenants' comfort.
- Supply chains
The Company requires its property management companies and other business partners to understand and collaborate on its initiatives concerning sustainability and to establish structures and implement measures for environmental and social considerations, in an effort to promote initiatives in its supply chains.
- Local community
As a member of the local community, the Company endeavors to contribute to the vitalization and development of the local communities where assets it manages are located.
４. Initiatives for Governance
- Thorough compliance
The Company has established an organizational structure that should secure compliance with laws and regulations and implement fair transactions at any time. At the same time, the Company works to ensure that its officers and employees will act based on high ethical values and win the trust of its stakeholders.
- Establishment of risk management structure
The Company has established a proper risk management structure to appropriately manage a variety of risks, to avoid or minimize risks in conducting asset management.
５．Information Disclosure to Stakeholders such as Investors
The Company endeavors to actively disclose this Policy and its initiatives and performance to stakeholders such as investors.
The Mitsui Fudosan Group's Social Contribution/Environmental Initiatives
Mitsui Fudosan Co., Ltd., the parent company of the Asset Management Company, has established "The Group Environmental Policy" and "Policy for Social Contribution Initiatives" regarding the Mitsui Fudosan Group's social contribution/environmental initiatives under the group statement of "Bring affluence and comfort to urban living" Please refer to "ESG Report" for the Mitsui Fudosan Group's social and environmental initiatives.
In-House Structure for Promotion of Sustainability
The Asset Management Company has established the "Sustainability Promotion Office" (the "Office") in order to implement the "Sustainability Policy." The Office is comprised of general managers from each team as well as personnel appointed by the general managers and holds regular meetings more than four times a year, in principle, to set objectives and formulate implementation plans concerning NAF's promotion of defining materiality related to sustainability. Objectives and implementation plans of materiality formulated by the Office are deliberated and decided upon at the Investment Committee, which includes the President & CEO of the Asset Management Company who is a member of the Committee and the ultimate decision maker, and the decided materiality, objectives and implementation plans are shared throughout the Office with all officers and employees. Furthermore, the Office reports on the progress status of objectives and implementation plans at the Investment Committee twice a year, in principle, and receives a review on management.