As one of the J-REITs, United Urban selects ESG issues to be addressed as follows. They are selected by the MRA’s Sustainability Committee based on the advice of external professionals with consideration of asset characteristics and management policies of United Urban as well as external ESG evaluations and social trends.
Those ESG issues on which United Urban places a high priority are specified as materiality. The action plan and target for each materiality are set and monitored every year and reviewed accordingly.
MRA specifies materiality that United Urban and MRA should prioritize and marks as "〇".
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | ||
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Environment | Energy consumption/management | ◯ | ◯ | ◯ | ◯ | ◯ | ◯ | ◯ |
Green certified buildings | ◯ | ◯ | ◯ | ◯ | ◯ | ◯ | ◯ | |
Tenant and property manager engagement | ◯ | ◯ | ◯ | ◯ | ◯ | ◯ | ◯ | |
Safety of buildings | ||||||||
Resilience | ||||||||
Biodiversity and habitat | ||||||||
Waste management | ||||||||
Water consumption/management | ||||||||
Climate risk management | ||||||||
Environmental attributes of building materials | ||||||||
GHG emissions/management | ◯ | ◯ | ◯ | ◯ | ◯ | ◯ | ◯ | |
Society | Employee performance/career development | ◯ | ◯ | ◯ | ||||
Supply chain management | ◯ | ◯ | ||||||
Diversity and equal opportunity | ◯ | ◯ | ||||||
Employee satisfaction, wellness | ◯ | ◯ | ◯ | ◯ | ◯ | ◯ | ||
Contribution to local community/local government | ◯ | ◯ | ◯ | ◯ | ◯ | |||
Contribution to real estate industry | ◯ | |||||||
Satisfaction, health and comfort of building users | ◯ | ◯ | ◯ | |||||
Child labor/Forced or compulsory labor | ||||||||
Labor-management relationships/Worker rights | ||||||||
Asset level safety for tenants | ||||||||
Governance | Information management and assurance | ◯ | ◯ | ◯ | ◯ | ◯ | ◯ | |
Disclosure for investors | ◯ | ◯ | ◯ | ◯ | ◯ | ◯ | ||
Executive compensation/Employee remuneration | ◯ | ◯ | ||||||
Bribery and corruption | ◯ | |||||||
Shareholder rights | ||||||||
Data protection and privacy | ◯ | |||||||
Political contributions | ||||||||
Whistleblower protection | ◯ | |||||||
Board skills/diversity | ◯ |
Selected materiality and action plans and targets that United Urban and MRA are working on are as follows. Please also see the actions and achievement in the past.
Materiality | Related SDGs | Action Plan/Target | |
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Environment | Energy management/use of renewable energy |
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Green certified buildings |
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Tenant and property manager engagement |
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Society | Employee job satisfaction/wellness |
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Diversity and equality |
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Employee Performance and Career Development |
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Contribution to local community/local government |
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Satisfaction, health, and comfort of building users |
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Governance | Disclosure and assurance |
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Disclosure for investors |
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