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.

Achievements/Results of Materiality

2020

Materiality Action Plan/Target
Environment Energy management/
use of renewable energy
Cut 40% of GHG (Greenhouse Gas) emission in 2014 by 2030.
Green certified buildings
  • Acquire external environmental certification including GRESB Green Star.
  • Obtain DBJ Green Building, CASBEE, BELS and other external certifications and raise the coverage to 60% (total floor area based) by 2020.
Tenant and property
manager engagement
Incorporate green lease clauses in 100% of contracts by 2030. (Including buildings that are wholly leased, excluding residences)
Society Employee job satisfaction/wellness
  • Improve productivity through investments in technology.
  • Continue and enhance a culture that respects and helps each other.
Contribution to
local community/
local government
As a member of society, simultaneously contribute to local disaster prevention measures and revitalization while increasing the interest of individual investors in J-REITs.
Contribution to real estate
industry
Governance Disclosure and assurance Enhance risk management through improvements in IT literacy.
Disclosure for investors Proactive disclosure of non-financial information centering on ESG related material.
Whistleblower protection Reconfirm compliance awareness in each employee, circulate internal whistleblower systems.

2019

Materiality Achievements Res-
ults
Environment Energy management/
use of renewable energy
  • Assess the electricity usage of all 65 properties contracted with power companies.
  • Assess the electricity usage of 108 properties including tenants who rent entire buildings.
3
Green certified buildings 4 Star rating from GRESB for the first time in 2019.
Highest “A” ranking for the second consecutive year in GRESB’s disclosure of evaluation in 2019.
.
Environment Certification Coverage
As of December 2018: 45 properties
  Number of property basis: 39.8%
  Total floor space basis: 52.5%
As of December 2019: 54 properties
  Number of property basis: 46.2%
  Total floor space basis: 58.5%
3
Tenant and property
manager engagement
Agreement Ratio of Green Lease
Office Buildings
As of November 2018: 27.8%
As of September 2019: 32.0%
Retail Facilities
---
As of September 2019: 33.2%
3
Society Supply chain management Incorporated ESG items in the qualitative PM continuous check sheet, and promoted awareness on the field from the perspective of AM. 3
Employee job satisfaction/wellness
  • Introduction of a “no overtime day” to create awareness about leaving work on time.
  • Recommended employees to take week-long paid vacations once a year.
  • Implemented teleconference systems, shortened work time by transitioning to PCs.
3
Governance Disclosure and assurance Started pre-operations of new system in August 2019.
Scheduled to completely switch over during 2020.
2
Executive compensation/
employee remuneration
Implement a system for the JRA employees to acquire United Urban’s investment units using a part of their monthly salary. (August 2019) 3
Board skills/diversity Changed two Supervisory Officers (as of September 2019)
  • Ratio of females in management team: 0% → 33%
  • Avg. consecutive years served by Supervisory Officers: 6 years → 0 years
3
3: Reached target, 2: Improving (though target has not been reached), 1: Continuing to tackle the issue.

For past achievements, please refer to this page.

Page Top