United Urban Investment Corporation

Securities Code
8960

  1. HOME
  2. Basic Policies of United Urban
  3. ESG Initiatives
  4. Actions on ESG Materiality

Actions on ESG Materiality

* Please refer to ESG Materiality for the definition and further detail.

Among various ESG issues, United Urban has selected those to be done intently as a real estate investment trust. Major ESG initiatives on which United Urban puts a high priority have been specified as "Materiality". The action plan and target for each Materiality are annually monitored and reviewed accordingly.

■Materiality (2019)

Materiality Action Plan/Target
Environment Green certified buildings
  • Acquire external environmental certification including GRESB Green Star.
  • Obtain DBJ Green Building, CASBEE, BELS and other environmental certifications on each property held by United Urban and raise such coverage.
Tenant and property
manager engagement
  • Add green lease clauses in lease agreement for the retail properties, following those in the office buildings.
  • Seek understanding and cooperation from tenants for environment initiatives in the properties.
Energy consumption/management
  • Assess the electricity usage of all properties* contracting direct with power companies for electricity supply.
  • Optimize and rationalize the energy usage.
Society Stakeholder engagement
  • Add ESG related issues (reduction of environmental burden, improvement of tenant satisfaction, etc.) to criterion for PM selection.
Occupational safety for employees
  • Enhance HR actions for better work-life-balance of all employees of THE ASSET MANAGEMENT COMPANY as TOKYO Workstyle Reform Declaration Company.
Governance Disclosure and assurance
  • Start operation of the new asset management system for efficiency and accuracy in FY 2019 (ending March 2020).
Executive compensation/
Employee remuneration
  • Review on the bonus connected with EPS of United Urban.
  • Introduce the new system for the employees to acquire United Urban's investment units from the monthly salary.
Board skills/diversity
  • Address the points and study of the examples.
Excluding the properties consisting of only land or leasing the entire buildings to single tenant under direct contract with electric power companies for supply of electricity.

■Achievement on "Materiality"

  • Goal Achieved
  • Improving (but have not achieved goals)
  • Continuing efforts

Environment

Materiality Green certified buildings
Action Plan/Target
Acquire external environmental certification including GRESB Green Star.
Obtain DBJ Green Building, CASBEE, BELS and other external certifications and raise the coverage to 50%* by 2020.
Achievement
2017
Obtained GRESB Green Star for three consecutive years.
Acquired BELS for Kawagoe Logistics Center.
Environmental certification coverage: 13.1%* (10 out of 110 properties).
2018
Obtained GRESB Green Star for three consecutive years.
Earned the highest rank of "S" in ESG Rating Certificate for J-REITs by Mitsubishi UFJ Research and Consulting Co., Ltd. with support from Japan Credit Rating Agency, Ltd.
Environmental certification coverage: 32.0%* (36 out of 113 properties).
Total floor space basis; excluding the properties consisting of land only. Data as of end November each year.

Related SDGs

Materiality Tenant and property manager engagement
Action Plan/Target
Seek the tenants' understanding and corporation on environment initiatives through green lease clauses in lease agreements.
Create the framework that both the tenants and United Urban can enjoy benefit from reduction of environmental burden.
Achievement*
2017 Of 41 new leases of the office properties, all were agreed to incorporate green lease clauses.
2018
Of 30 new leases of the office properties, all were agreed to incorporate green lease clauses.
LED light installation in Four Season Building reduced the tenant's electricity charges (occupying the entire building) while United Urban could increase the rent.
Data from December in the previous year to November in the subject year.

Related SDGs

Materiality Energy consumption/management
Action Plan/Target
Assess the electricity usage of all properties* contracted with power companies and optimize the energy usage.
Achievement
2017 Of 110 properties*, the electricity usage data of 71 properties were obtained.
2018 Of 113 properties*, the electricity usage data of 72 properties were obtained. Energy saving assessment by external professionals was conducted for properties at large power usage.
Excluding the properties consisting of only land or leasing the entire buildings to single tenant under direct contract with electric power companies for supply of electricity.

Related SDGs

Society

Materiality Employee performance and career development
Action Plan/Target
The Asset Management Company offers its employees the programs and opportunities to gain advanced knowledge and distinguished experience.
All employees in charge of team management are required to take training programs on management skills.
All requisite expenses for trainings for all employees are covered by the Asset Management Company.
Achievement*
2017 Average annual amount of participation in training session per employee: 7.7 hours
2018 Average annual amount of participation in training session per employee: 11.7 hours
Fulltime employees of the Asset Management Company; Data for each fiscal year of the Asset Management Company (from April in the previous year to March).

Related SDGs

Materiality Stakeholder engagement
Action Plan/Target
Push the property managers to be compliant with United Urban's Environmental Policies and Basic ESG Policy.
Achievement*
2017 Obtained written approvals on the both policies from all 27 property managers entrusted property management of all properties owned by United Urban.
2018 Obtained a written approval on the policies from a new entrusted property manager in relation to the newly acquired property by United Urban.
Data as of end November each year.

Related SDGs

Governance

Materiality Disclosure and assurance
Action Plan/Target
Pursuit more utilization of information on assets under management and further efficiency and refinement of business through reviewing operational systems on asset management to maximize the unitholders' value.
Achievement
2017 Compared and reviewed the proposed systems and finalize the framework for the new system to be installed.
2018 Selected the new system to be installed and start preparation for installment.

Related SDGs

Page Top