Our Commitment

The Ministry of the Environment forecasts that if global warming were to continue on its present course without the implementation of effective countermeasures, summers in Tokyo would reach temperatures over 40 degrees centigrade in 2100, and the wind speed of typhoons would rise to a maximum of 90 meters per hour. Judging from the severity of the torrential rains and typhoons caused by climate change in recent years, we feel that these forecasts are not fiction, but instead pose a crisis that is all too possible.
To ensure that the world and society in which we live every day remain environmentally sound and that our business continues to grow sustainably, Frontier Real Estate Investment Corporation (“FRI”), which holds and manages retail facilities, and Mitsui Fudosan Frontier REIT Management Inc. (the “Asset Management Company), are pursuing measures to reduce our environmental impact, leading to a reduction in CO² emissions.

The COVID-19 outbreak has placed restrictions on our lives and is changing the way we work in significant ways. As society faces the series of changes to come, we believe that we must not be a homogenous organization, but rather adopt approaches that value organizational diversity.
About half of the officers and employees of the Asset Management Company are women, and our members come from diverse career backgrounds. We believe that a vibrant corporate atmosphere with open communication in which employees can exchange their views on a regular basis is the source of new ideas.
We also believe that providing an environment that focuses on each individual employee supporting the organization, as well as their families, and enables them to work in a healthy way with energy and motivation is an important management issue. We work together with employees to pursue health management initiatives that will maintain and improve employees’ health to ensure that the Asset Management Company remains sustainable.

In strengthening the governance system, we will give priority to the transparency of decision-making, with compliance and risk management taking utmost precedence. Moreover, by reinforcing dialogue with investors through intensive IR activities, we will maintain a system that is transparent externally as well.
FRI strives to achieve its mission of building sustainable relationships with all stakeholders and raising the medium- and long-term value for unitholders by further augmenting its initiatives aimed at addressing ESG issues in real-estate investment management going forward, and disclosing its results appropriately. We ask for your continuing support and understanding.

Mitsui Fudousan Frontier REIT Management Inc.
Chief Executive Officer and Representative Director
Shigekazu Yokochi

Sustainability Policy

Having established the Sustainability Policy in February 2015, we are committed to contributing to sound social development and economic growth while helping preserve the global environment, with Frontier Real Estate Investment Corporation (FRI) acting in collaboration with our efforts.

  1. Reducing environmental impact
    1. Reducing carbon emissions through pursuing energy efficiency
      We aim to contribute to reducing carbon emissions through implementing power saving and energy efficiency measures in our operations as well as installing energy efficient equipment. And furthermore, we work to achieve low carbonization and non-carbonization in the portfolio through the use of renewable energy or other approaches, in order to adapt to the forthcoming decarbonized society.
    2. Conserving water and other natural resources while reducing waste
      We aim to introduce high-efficiency fixtures to conserve water and promote 3Rs, i.e., reduce, reuse, recycle, to contribute to realizing resource-saving and recycle-oriented society.
    3. Reducing hazardous substances with health and safety
      We aim to reduce hazardous substances or environmental pollution, brought by the operation in commercial facilities, to the extent possible, properly manage environment quality in the building space and promote efforts to enhance health, safety and hygiene for tenant employees or visitors.
      In parallel, we take all possible measures in preparation for large-scale earthquakes or serious climate disasters like typhoon or flood in order to secure “safety and security” for building users.
  2. Developing sustainable relationships with a variety of stakeholders
    1. DEI (Diversity, Equity, and Inclusion)
      We work to build an organization that our employees with diverse values, talents, and lifestyles can express their full individual potential. For the assets under management, we formulate and disseminate a procurement policy that takes DEI into consideration, and work with various stakeholders to raise awareness of DEI.
    2. Cooperation and coexistence with local communities
      We aim to operate our retail facilities as a “core of local community”, providing place of human interaction and information exchange and thus contributing to regional vitalization.
    3. Collaborating with Mitsui Fudosan group companies and tenants
      We strive to create comfortable and environmentally-conscious retail space, collaborating with Mitsui Fudosan group companies and our tenant companies, so as to improve customer satisfaction as well as to enhance sustainability awareness among our visitors. In addition, we adopt ESG factors as one of criteria to select outsourcing companies related to property operation and suppliers of goods and services, and also require them to proceed with operation with sustainability in mind.
    4. Engaging with our employees
      We endeavor to raise environmental awareness and literacy among our employees through conducting organized training programs including environmental seminars as well as to realize work-life balance by supporting diversified work styles.
      Moreover, we strive to increase employee engagement by improving the workplace environment and creating opportunities for active internal communication.
    5. Establishing trusting relationships with investors
      We make the best efforts to disclose non-financial information including environment, social and governance (ESG) factors in addition to financial information in a timely and adequate manner, aiming to establish trusting relationships with investors.
  3. Enhancing governance system
    1. Clarifying corporate governance structure
      We make utmost efforts to disclose decision-making process, secure the traceability, raise awareness about compliance and achieve risk management in order to make decision-making process more transparent.
    2. Enhancing corporate governance system
      We pursue to increase diversity in the Board of Directors and to establish effective governance structure, in an effort to enhance the corporate governance system.