Climate Change Data

Mitsui Fudosan Logistics Park Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:24,246 t-CO₂ (2023)
Scope 1 Emissions:14 t-CO₂ (2023)
Scope 2 Emissions:1,373 t-CO₂ (2023)
Scope 3 Emissions:22,859 t-CO₂ (2023)
Renewable Energy Share:Not disclosed
Total Energy Consumption:65,492 thousand kWh (2023)
Water Consumption:117,230 ㎥ (2023)
Waste Generated:16,743 tons (2023)
Carbon Intensity:0.014 t-CO₂/㎡ (2023)

ESG Focus Areas

  • Climate Change
  • Environmental Initiatives
  • Social Initiatives
  • Governance

Environmental Achievements

  • Received the highest “5 Stars” in GRESB Rating for 2 consecutive years and a “Green Star” designation for 3 consecutive years.
  • Achieved 100% Green Building certification in logistics facilities and 96.6% for the entire portfolio as of March 15, 2024.
  • 70.7% ZEB certification acquired in logistics facilities as of March 15, 2024.
  • Reduced CO2 emissions intensity (t-CO₂/㎡) from 0.017 in 2016 to 0.014 in 2023.
  • 88.6% LED lighting installed across the whole building and 100% in common areas (excluding buildings leased as a whole) as of March 15, 2024.
  • 35.7% of total portfolio under green leases as of March 15, 2024.

Social Achievements

  • Implemented various initiatives to provide a comfortable work environment for tenant employees (unmanned store, commuter shuttle bus, bicycle sharing, sky lounge, sky deck, ICT LABO 2.0, seasonal decorations, CS survey, LaLaport discount tickets, seasonal magazine, cafeteria, lounge).
  • Implemented BCP initiatives (seismic isolation, emergency power generator, remote monitoring using ITV, stockpiles for disaster prevention, measures based on hazard maps).
  • Engaged in response to local communities (cleanup activities, on-site childcare facility, community space creation, emergency temporary toilets, cooking bench, designated as a tsunami evacuation building, green curtains, facility tour for social studies, planted area).
  • Increased percentage of female employees from 47% in FY2021 to 63% in FY2023.
  • Increased percentage of female managers from 0% in FY2021 to 14% in FY2023.

Governance Achievements

  • Endorsed the TCFD recommendations and joined the TCFD Consortium and the Japan Climate Initiative (JCI).
  • Established a Sustainability Promotion Committee to oversee ESG initiatives.
  • Established a robust internal control system, including compliance rules and a compliance program.
  • No fines levied due to ESG problems during the year from April 1, 2023 to March 31, 2024.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce CO2 emissions intensity from logistics real estate by 100% by 2030 compared to 2016 (base year) (Scope 1 and 2).
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Potential increase in CO2 emissions from tenant business activities due to additional air conditioning and automation equipment.
  • Climate-related risks (transition risks from policies, laws, technology, market, and reputation; physical risks from acute and chronic events).
  • Soil contamination risks in brownfield land.
Mitigation Strategies
  • Various energy-saving measures, installation of photovoltaic generation facilities, purchase of green electricity, cooperation with tenants.
  • Scenario analysis based on 1.5-2℃ and 4℃ scenarios to identify and manage climate-related risks and opportunities.
  • Thorough BCP measures, regular disaster drills, regular disaster risk evaluations, and response measures.
  • Soil contamination surveys and appropriate countermeasures during due diligence for new investments.
  • Utilization of Mitsui Fudosan's information and know-how, introduction of green leases, systematic switch to LED lighting, establishment of green energy procurement system, additional installation of solar power generation equipment and own consumption, electricity consignment.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Typhoons, floods, landslides, rising sea levels, extreme temperatures
Transition Risks
  • Strengthening of energy-saving standards, increase in renovation costs, carbon taxes
Opportunities
  • Reduction of operating costs through energy saving, increased demand for properties with high BCP, improved environmental performance of the portfolio, increased financing opportunities

Reporting Standards

Frameworks Used: TCFD, GRESB

Certifications: Null

Third-party Assurance: Deloitte Tohmatsu Sustainability Co., Ltd.

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • FY2015 Osaka Environmentally Friendly Architecture Award (MFLP Sakai)
  • Authorization of silver for healthy excellent company (2023)
  • 2023 Certified Health & Productivity Management Outstanding Organizations (SME category)