Mitsui Fudosan Retail Fund Investment Corporation.

Code 8964

ESG Information Disclosure

ESG data including the results of initiatives regarding ESG reported on this Website are as follows.

XLSPlease refer to KPI Actual Results Management Sheet(15.3KB)

For our reduction targets for each item, please refer to Targets for Reducing Environmental Burden.

Environmental

Energy consumption

Actual results of our energy consumption

Unit 2021 2022 2023 2024 2025
Energy consumption kWh 220,445,290 223,244,104 218,074,799 256,902,169 282,211,392*
Per-unit energy consumption kWh/㎡ 197 199 193 207 204*
Data coverage ％ 99.4 99.8 100.0 100.0 100.0
YoY change per unit ％ 1.3 0.8 -3.2 7.6 -1.4
5-year average change per unit ％ ー ー ー ー 0.9

Greenhouse gas (GHG) emissions

Actual results of our greenhouse gas (GHG) emissions

Unit 2019
(Base Year)		 2023 2024 2025
GHG emissions t-CO2 90,400 77,115 86,910 89,622
Scope1 t-CO2 374 437 239 253.5*
Scope2 t-CO2 1,805 1,545 1,618 1,743.7*
Scope3 t-CO2 88,221 75,133 85,052 87,624.2*
Per-unit GHG emissions t-CO2/㎡ 0.081 0.068 0.070 0.065*
Annual reduction rate to the base year (Per-unit) ％ － -16.0 -13.6 -21.0
Data coverage ％ 98.4 100.0 100.0 100.0

Water consumption

Actual results of our water consumption

Unit 2019
(Base Year)		 2023 2024 2025
Water consumption ㎥ 1,124,224 967,887 1,100,468 1,234,753.8*
Per-unit water consumption ㎥/㎡ 1.014 0.855 0.888 0.894*
Annual reduction rate to the base year (Per-unit) ％ － -15.6 -12.4 -11.7
Data coverage ％ 98.5 100.0 100.0 100.0

Waste recycling rate

Actual results of our waste recycling rate

Unit FY2021 FY2022 FY2023 FY2024 FY2025
Waste recycling rate ％ 45.6 37.2 64.6 52.7 52.2
Data coverage ％ 89.5 86.3 87.3 87.7 89.3

In order to ensure the credibility of reported figures, selected environmental data have been subject to limited assurance by KPMG AZSA Sustainability Co., Ltd. since 2022. The data subject to third-party assurance for 2025 is indicated with *.
The Independent Assurance Report（2025）PDF

Note

Boundary

The entire portfolio pertaining to properties owned by Mitsui Fudosan Retail Fund Investment Corporation ("MRF") and beneficiary rights (excluding the land interest)．

Reporting Period

12-month period from January to December

Calculation methods/Emission factors

Energy consumption (unit: kWh)

  • Electricity: purchased electricity
    City gas : usage ×conversion factor to standard ambient temperature and pressure　×unit calorific value ×conversion factor of kWh（equivalent to about 0.278 kWh per 1MJ）
    Other fuel：usage of each fuel type ×unit calorific value ×conversion factor of kWh（equivalent to about 0.278 kWh per 1MJ）
  • Energy consumption ÷ property floor area (total floor area)
  • 5 year average of year-on-year changes per unit

Greenhouse gas (GHG) emissions (unit: t-CO2)

  • Electricity：purchased electricity × CO2 emission factor
    City gas：usage ×conversion factor to standard ambient temperature and pressure ×unit calorific value ×carbon emission factor ×44/12（Conversion from carbon to carbon dioxide）
    Other fuel：usage of each fuel type ×unit calorific value ×carbon emission factor ×44/12（Conversion from carbon to carbon dioxide）
  • GHG emissions (total for Scope 1, 2, and 3) ÷ property floor area (total floor area)
  • GHG emissions are limited to CO2.
  • GHG emissions related to the electricity usage are based on the basic emissions factors for each fiscal year until 2022, the adjusted emissions factors in 2023 in the "Emissions factors for purchased electricity for each power company (for the use of greenhouse gas emission calculations by specified emitters)" (Ministry of the Environment and Ministry of Economy, Trade and Industry) and basic emissions factors for each fiscal year from 2024.
    Calorific value for city gas and other fuels and carbon emission factor per unit of energy are based on the emissions factors in the “List of calculation methods and emission factors used in the Greenhouse Gas Emissions Calculation, Reporting and Publication System” (Ministry of the Environment).
  • Definitions of each scope are as follows.
    • Direct GHG emissions from locations owned or controlled by the organization (physical facilities and processes that release GHG into the atmosphere).
      In MRF’s portfolio, this represents the direct CO2 emissions from the fuel usage at common areas in multi-tenant properties as well as pass-through master lease properties.
    • GHG emissions caused by the generation of electricity, cold water, hot water and steam purchased by the organization.
      In MRF’s portfolio, this represents the indirect CO2 emissions from the usage of electricity, cold water, hot water and steam supplied by third party at common areas in multi-tenant properties and pass-through master lease properties.
    • This represents GHG emissions other than Scope 1 or Scope 2 generated from sources that are owned or controlled by other organizations, but are related to the activities of the organization.
      In MRF’s portfolio, only category 13 (emissions from the operation of assets that are owned by the reporting company (acting as lessor) and leased to other entities) is included in Scope 3 which represents the indirect CO2 emissions other than Scope 1 or Scope 2 from the usage of electricity, cold water, hot water and steam supplied by third party as well as fuel usage.
  • GHG emissions quantification is subject to uncertainty when measuring activity data, determining emission factors, and considering scientific uncertainty inherent in the Global Warming Potentials.

Water consumption

  • Calculated by aggregating with water usage, gray water usage, rainwater usage, well water usage, recycled water usage, and industrial water usage. This is aggregated by considering the water intake volume to be the water consumption.
  • water consumption ÷ property floor area (total floor area)

Waste recycling rate
Calculated based on emissions worked out in accordance with the standards of each municipality.

Social

Status of DEI promotion

Actual results of our status of DEI promotion

Unit FY2023 FY2024 FY2025
Paid leave usage rate % 75.6 78.2 81.2
DEI training attendance rate % 100.0 100.0 100.0
Post-childcare leave return rate % － 100.0 100.0

32nd &EARTH Clothing Support Project (Fall 2025)

Results of events at properties

Breakdown of the aforementioned results

Date Facility Participants Clothing
collected		 Additional
donations
2025/10/25 LaLagarden KASUKABE 134 575kg ¥5,696
2025/10/26 LaLaport SHIN-MISATO 41 171kg ¥2,200
2025/11/01 LaLaport IZUMI 45 274kg ¥2,636
2025/11/03 Mitsui Outlet Park IRUMA 33 198kg ¥1,100

Governance

Director information

Title Name Gender Attendance at Board of
Directors meetings
(FY2024)		 Total compensation amount
in the 43rd Period
ended December 31, 2025
Executive
Director		 Toshihide Ichikawa Male 100％
(15 times / 15 times)		 3,000 thousand yen
Supervisory
Director		 Koji Iida Male 100％
(15 times / 15 times)		 1,800 thousand yen
Supervisory
Director		 Noriko Suzuki Female 100％
(15 times / 15 times)		 1,800 thousand yen
Supervisory
Director		 Junko Suzuki Female 100％
(15 times / 15 times)		 1,800 thousand yen

For brief biographies of directors, see About MRF＞Directors

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