Participation in Global/Local ESG Initiatives
The Asset Management Company has closely studied such factors as impacts of environmental factors (asbestos, soil contaminations, etc.), factors on tenants (antisocial forces, work environment, etc.) and social factors (relationship with community, traffic congestion, etc.) and taken into consideration together with the profitability of the relevant property on the investment decision.
Becoming a Signatory Member to PRI
The Asset Management Company has agreed with the basic concept of PRI (Principles for Responsible Investment) * and was attested as a PRI signatory by PRI Association in November 2018. PRI signatories are pursuing improvement of investment performance from the long-term perspective for their beneficiaries and fulfilling their fiduciary duty by incorporating ESG issues into its decision-making processes.
||PRI is a set of principles established for the financial industry in 2006 under the leadership of the United Nations Secretary-General of the time, Kofi Annan. It comprises six principles that require PRI signatories to fulfill their responsibilities of ESG issues through investment activities.
The Six Principles
||We will incorporate ESG issues into investment analysis and decision-making processes.
||We will be active owners and incorporate ESG issues into our ownership policies and practices.
||We will seek appropriate disclosure on ESG issues by the entities in which we invest.
||We will promote acceptance and implementation of the Principles within the investment industry.
||We will work together to enhance our effectiveness in implementing the Principles.
||We will each report on our activities and progress towards implementing the Principles.
Acquisition of ISO14001 Certification
The Asset Management Company has been strengthening the continuous and systematic implementation for improvement of environmental performance through the environmental management system based on ISO14001*.
|Overview of ISO14001
||ISO14001：2015, JIS Q 14001：2015
||Investment management business under the financial instruments and exchange act
||Bureau Veritas Japan Co., Ltd.
||The international standard established by the International Organization of Standardization, which is a non-governmental international organization in Geneva, Switzerland. Certification bodies in various countries examine the environmental management systems of each company based on the standard (so called the "requirements") in ISO14001, and they grant certifications to them if confirmed that their environmental management systems satisfy the requirements.
Support for SDGs
Aiming for sound management that can coexist with society and the environment, United Urban and the Asset Management Company have been making efforts for improvement in sustainability with consideration for ESG factors. Based on the expectations and concerns from United Urban’s stakeholders and its impact on the environment and society, United Urban and the Asset Management Company have specified and addressed the highly material issues.
United Urban and the Asset Management Company have been supporting the Sustainable Development Goals (SDGs)* and continue efforts to achieve SDGs through challenges to mid-to-long-term social issues including disclosure of action plans for ESG factors linked to SDGs.
||SDGs are the shared goals of the international community, with the aim of achieving sustainable development socially, economically and environmentally. In 2015, the UN adopted an agenda of 17 goals and 169 targets to be achieved by 2030.
Submission & Approval of "TOKYO Workstyle Reform Declaration"
The Asset Management Company has submitted "TOKYO Workstyle Reform Declaration" to Tokyo Metropolitan Government and was recognized as "TOKYO Workstyle Reform Declaration Company" by them in November 2018. The Asset Management Company has declared that it will be engaged in the company-level workstyle reform by becoming the better workplace for its employees and pushing its employees to take leaves in order to refresh.
In particular, the Asset Management Company intends to encourage its employees to work more productively by introducing monthly no overtime day (on the 10th of each month) and to take more than 10 paid holidays per year (recommendation of 5-consecutive-day-leave, etc.)