Mizuho Realty One Group’s
Materiality
OUR Materiality
Materiality Materiality
When it comes to pursuing sustainability initiatives, there is an extremely wide range of pressing matters relating to sustainability. Therefore, to achieve results by maximizing the use of limited management resources, it is considered effective to concentrate on specific initiatives based on materiality (key issues). At Mizuho Realty One Group, we identified materiality issues as shown below for the purpose of incorporating our shared recognition of materiality into future medium-term management plans and business plans, as well as making sustainability promotion a pillar of the funds for which we are entrusted with asset management.

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Response to Climate ChangeBased on recognition of climate change as a global issue, we aim to establish a robust business foundation that will help achieve a carbon-neutral society and address climate change by working to manage and reduce energy consumption, greenhouse gas (GHG) emissions, water consumption, and waste, as well as enhancing our resilience to the increasing severity of natural disasters.
Specific Initiatives Details of Specific Initiatives KPI Achieving a carbon-neutral society Principles for Responsible Investment (PRI) - Implement responsible investment and management in compliance with the PRI
- Disclosing information in accordance with the TCFD framework.
- Reducing greenhouse gas (GHG) emissions in the MONE Group’s business activities.
- Annual report to PRI (each fiscal year)
- Information disclosure in accordance with TCFD framework (FY2027)
- Ratio of renewable energy in power consumed in business activities: net zero (FY2050)
※ The KPIs for each investment corporation and each fund are set on a per-fund basis.
Establishing robust business foundation Appropriate management of and adaptation to climate-related risks and opportunities - Conducting a scenario analysis of the MONE Group’s business based on the TCFD’s recommendations to identify climate change-related risks and opportunities.
- Developing a governance system that addresses climate change-related risks and opportunities.
- No KPIs set (cumulation of cases/results) (each fiscal year)
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Promotion of Use of Sustainable EnergyBy pursuing a net-zero energy strategy through the active use of renewable energy (solar power, wind power, etc.) in our business activities, we aim to support the realization of a sustainability-conscious, recycling-oriented society.
Specific Target Details of Specific Initiatives KPI Using renewable energy Using renewable energy - Considering the use of renewable energy.
- Considering the installation of solar power generation equipment, etc. and the use of power from renewable energy sources.
- Ratio of renewable energy in power consumed in business activities: 40% (FY2030)
- Ratio of renewable energy in power consumed in business activities: 90% (FY2050)
※The KPIs for each investment corporation and each fund are set on a per-fund basis.
Introducing energy-generation technology/equipment Use of energy generation - Considering the introduction of technology/equipment related to energy generation (solar power, wind power, etc.)
- No KPIs set (cumulation of cases/results) (each fiscal year)
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Greening of PortfolioWe aim to reduce the environmental footprint of portfolio properties and improve asset value by working to make their energy use more efficient and pursuing the acquisition of green building certifications.
Specific Target Details of Specific Initiatives KPI Pursuing acquisition of various green building certifications Acquisition of various green building certifications - Pursuing the acquisition of various green building certifications through renovations, new construction, and management that consider tenants’ well-being in addition to improving energy efficiency and introducing renewable energy.
- No KPIs set (cumulation of cases/results) (each fiscal year)
※The KPIs for each investment corporation and each fund are set on a per-fund basis.

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Training and Capacity Development of Personnel in Charge of Sustainable GrowthBased on our belief that a company’s management resources are its people, we strive to secure exceptional talent, develop them, and enhance their skills, so that both employees and the company can achieve sustainable growth.
We aim to increase employee engagement and strengthen the company’s growth potential by creating a work environment that allows each employee to enhance their expertise while nurturing their capabilities by broadening their knowledge and skills and enabling dynamic collaboration.Specific Target Details of Specific Initiatives KPI Enhancing learning framework to support individual growth
(career support)Developing an enhanced
- Provide a system to support autonomous career development.
- Creating an environment that facilitates the work of all employees and enhancing management capabilities so that each individual can actively contribute in their own way while developing their skills.
- Support career development to foster talent personnel who will be accepted and valued in the industry.
- Promote measures to support career development: cumulation of cases/results (FY2027)
- 1-on-1 meeting (supervisor and subordinate): at least 4 times a year (each fiscal year)
- Implementing measures for the training of next-generation management positions: cumulation of cases/results (each fiscal year)
Enhancing learning framework to support individual growth
(personal empowerment)Qualification acquisition support - Subsidizing the costs of acquiring and retaining qualifications recommended by the company
- Providing opportunities and learning tools to obtain cutting-edge knowledge and skills, supporting participation in external training courses, and conducting various training programs.
- No. of qualification holders current figure (each fiscal year)
- No. of employees supported in obtaining or retaining qualifications current figure (each fiscal year)
- Penetration and promotion of self-improvement support measures. : cumulation of cases/results (FY2027)
Enhancing the fair personnel evaluation system Fair personnel evaluations - Conducting fair evaluations based on achievement of targets set at the start of the year.
- Conducting evaluations in accordance with standards on ability displaying level required for each class based on a class definition.
- Continuing implementation of measures to disseminate the new personnel evaluation system: cumulation of cases/results (FY2027)
- Assessment under performance evaluation system: once a year (each fiscal year)
- Job skills and conduct (competency) evaluation: once a year (each fiscal year)
Improving employee engagement Measures to promote internal communication - Promoting internal communication and creating an environment conducive to collaboration.
Engaging in two-way dialogue between the company and employees through employee engagement surveys (including employee satisfaction questions).- Implementation of internal communication and dialogue measures: cumulation of cases/results (each fiscal year)
- Employee engagement survey: once a year (each fiscal year)
Positive response rate in above survey: 80% or more.
Improving employee health and comfort Employee health promotion measures
- Identifying employee health issues and implementing measures to promote their health.
- Further enhancing health checkups to include examination items other than those that are legally required, such as enhanced cancer screening.
- Considering further enhancement of subsidies for comprehensive physical checkups, etc.
- Providing well-being-focused working spaces.
- KENKO Investment for Health: ongoing (each fiscal year)
- Enhancement of items covered by health checkup and encouragement of comprehensive physical checkups: ongoing (each fiscal year)
- Stress check: once a year (each fiscal year)
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Diversity , Equity & InclusionIn order to create innovation and new corporate value in a sustainable manner, we believe it is essential to promote the success of a wide range of employees through diversity, equity, and inclusion. Based on this, we aim to create a work environment in which each employee can make full use of their strengths and maximize their abilities, regardless of gender, age, nationality, disabilities, etc.
Specific Target Details of Specific Initiatives KPI Efforts to promote the advancement of various personnel Prohibition of discrimination - Promoting the advancement of women, seniors, and people with disabilities.
- Providing opportunities (lecture sessions, messages from management) to gain a deeper understanding of respecting the rights of self and others, including understanding of LGBTQ and other sexual minorities.
- Female manager (management title) rate: at least 30%* (FY2030)
- Employment of people with disabilities: employment above the legally mandated rate (each fiscal year)
- Employment of seniors (aged 65+): Understanding the achievements (each fiscal year)
- Employment of non-Japanese citizens (if there is an opportunity): ongoing (each fiscal year)
- Provision of opportunities to enhance understanding (e.g., human rights training): at least four times a year (each fiscal year)
Initiatives to enhance work-life balance through promoting various work styles Promoting various work styles - Promoting ABW (activity-based working).
- Continuing to maintain a flex-time system with no restrictions on the number of days or hours, a free-address system, a remote work system (including working from home), and shared offices.
- ABW measures (use of full flex-time, free address, remote work, and shared office systems, etc.): ongoing (each fiscal year)
Enhancing systems that support work-life balance - Supporting balancing of work, child-rearing, and nursing.
- Promoting taking days off and leave.
- Preventing overwork.
- Childcare leave usage rate (male): Average duration of paternity leave taken by male is more than one month (each fiscal year)
- Return-to-work rate of those taking childcare leave: Understanding the achievements (each fiscal year)
- Annual paid leave usage rate: at least 70% (each fiscal year)
- Special leave usage rate: at least 70% (each fiscal year)
- Work in excess of statutory working hours: Understanding the achievements (each fiscal year)
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Provision of Peace of Mind, Comfort and Health to TenantsWe aim to increase tenant satisfaction, ensure stable revenue, and earn the trust of society (including tenants) by maintaining regular two-way communication with tenants, providing tenants and facility users with spaces that offer peace of mind, comfort and health (well-being), renovating properties to meet diversifying social needs, etc.
Specific Target Details of Specific Initiatives KPI Promoting communication with tenants based on two-way dialogue Understanding tenant satisfaction and resolving issues - Conducting tenant satisfaction surveys on a regular basis to obtain requests and opinions from tenants and occupants.
- Sharing survey results with investors, property managers, building management companies, etc., and carrying out work, such as upgrading building specifications and renovating facilities, to improve services.
- No KPIs set (cumulation of cases/results) (each fiscal year)
※The KPIs for each investment corporation and each fund are set on a per-fund basis.
Strengthening disaster risk management Installing disaster prevention equipment and supplies at portfolio properties and implementing measures to improve awareness of disaster preparedness (holding briefings, distributing pamphlets, etc.) - Strengthening initial response during a disaster and rapidly determining the disaster status.
- Preparing disaster prevention manuals for each portfolio property.
- Posting information such as evacuation sites at portfolio properties.
Implementation rate of the following measures for portfolio properties managed by the MONE Group:Understanding the achievements with an aim for 100%. (each fiscal year) - Disaster prevention supplies installation rate
- Disaster prevention awareness improvement measure implementation rate
- Disaster prevention manual preparation rate
- Development of disaster reporting system
- Evacuation site posting rate
※The KPIs for each investment corporation and each fund are set on a per-fund basis.
Providing tenants with spaces that offer peace of mind, comfort and health (well-being) Improving comfort and health (well-being) by carrying out appropriate management and renovations - Performing appropriate building management.
- Performing appropriate upgrades to key facilities.
- Providing new functions and services aligned with social needs.
- Implementing ESG measures such as improvements to wellness and ABW.
- Implementing measures to achieve diversity and inclusion.
- Implementing BCP, rapid response during disasters, and measures to prevent spread of disease.
- Implementing measures to improve security and earthquake resistance.
- No KPIs set (cumulation of cases/results) (each fiscal year)
※The KPIs for each investment corporation and each fund are set on a per-fund basis.
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Creation of Long-Life Real Estate StockThrough long-term, strategic facility management from both an equipment and architecture perspective, we realize the potential of high-quality building stock, maintain and increase the value of real estate even as it ages, and contribute to the effective use of social infrastructure and the sustainability of society.
Specific Target Details of Specific Initiatives KPI Renewing existing buildings and creating high-quality real estate stock Creating high-quality real estate stock - Carrying out renovations that enhance value.
- Carrying out renovations (to change the building’s use).
- Carrying out renovations that save energy.
- Carrying out exterior renovations focused on biodiversity.
- Carrying out work to enhance earthquake resistance.
- No KPIs set (cumulation of cases/results) (each fiscal year)
※The KPIs for each investment corporation and each fund are set on a per-fund basis.

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Strengthening of GovernanceThrough compliance with the relevant laws and regulations and internal rules, including appropriate management of transactions with interested parties, proactive information disclosure, and appropriate implementation of the PDCA cycle, we aim to increase transparency and establish a viable, highly effective governance system.
Through implementation of robust compliance-related systems and ongoing measures that help improve officers’ and employees’ awareness of compliance, we ensure rigorous compliance with laws and regulations, as well as conducting corporate activities in an honest, fair manner in accordance with social norms.Specific Target Details of Specific Initiatives KPI Improving officers’ and employees’ compliance awareness and knowledge, and
complying with relevant laws and regulations and internal rules, while
enhancing the governance system using the PDCA cycle and
proactively disclosing governance-related information- Disclosing overviews of various meeting bodies and committees, including the Board of Directors.
- Disclosing investment management-related decision-making processes.
- Disclosing initiatives for handling anti-social forces.
- Disclosing initiatives to prevent bribery and corruption.
- Disclosing money laundering and terrorism financing countermeasures.
- Disclosing that compliance-related regulations have been established and that actions have been implemented based on those regulations.
- Establishing an annual compliance plan and implementing its measures.
- Establishing an annual compliance training plan and implementing its measures.
- Disclosing that there is a Whistleblowing System (Compliance Hotline) and notifying employees and officers about it.
- Establishing an annual internal audit plan and implementing its measures.
- Attendance rate of directors at the Board of Directors meetings: (actual figure) (each fiscal year)
- Compliance training attendance rate: 100% (each fiscal year)
- No. of compliance hotline usage cases: (actual figure) (each fiscal year)
- No. of internal audits conducted: (actual figure) (each fiscal year)
※The KPIs for each investment corporation and each fund are set on a per-fund basis.
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Promotion of Risk ManagementWe aim to minimize the various apparent and latent risks in our business activities (risks involving assets whose management is entrusted to us, operational risks, etc.) by managing them in an appropriate, organized manner. Moreover, with respect to large-scale disasters, pandemics, climate change risks, etc., we aim to avoid or reduce losses by establishing a business continuity management (BCM) system, conducting scenario analyses, etc.
Specific Target Details of Specific Initiatives KPI Organized management of various risks and maximum risk reduction Developing and disclosing risk management-related systems, etc. - Performing risk management (identifying apparent/latent risks and formulating measures to address the applicable risks).
- Conducting ongoing evaluations of business partners.
- No. of times risk management-related events are conducted: once a year (each fiscal year)
- Ongoing evaluation of business partners conducted: 100%(each fiscal year)
- No. of times training on information technology risk is held : twice per year (each fiscal year)
Enhancing business continuity management (BCM) system and
improving officers’ and employees’ and disaster prevention awareness- Formulating annual BCM plan and implementing its measures.
- Preparing BCP based on scenario risks.
- Preparing business manuals and promoting their use.
- Conducting training to confirm safety of officers and employees.
- Participating in building evacuation training.
- Conducting BCP training.
- Formulating annual BCM plan and implementing its measures. (each fiscal year)
- No. of times safety check training is held : twice per year (each fiscal year)・No. of times building evacuation training is held : twice per year (each fiscal year)
Managing and adapting based on climate change related scenario analysis - Conducting climate change-related scenario analyses.
(See the “Response to Climate Change” section under Materiality) -
Dialogue with StakeholdersThrough ongoing two-way dialogue with stakeholders based on proactive information disclosure, we aim to build a strong, trusting relationship with them. With the participation of management, we consider information and opinions obtained via dialogue from stakeholders’ perspective and incorporate them into the Group’s management and business in order to adapt to the changing needs of society.
Specific Target Details of Specific Initiatives KPIs Creating opportunities for two-way dialogue with stakeholders and
using information, opinions, etc. obtained from the dialogue in the management and business while
conducting proactive disclosure- Understanding tenant satisfaction.
- Conducting employee satisfaction surveys.
- Holding meetings with clients (fund investors, etc.).
- Creating, maintaining, and managing communication tools (e.g., company brochures).
- Disclosing information via the website, etc.
- Creating opportunities for two-way dialogue with business partners.
- Implement initiatives to contribute to the local community.
(With regard to tenant satisfaction surveys and employee satisfaction surveys, refer to the “Provision of Peace of Mind, Comfort and Health to Tenants” and “Training and Capacity Development of Personnel in Charge of Sustainable Growth” sections under Materiality) ※The KPIs for each investment corporation and each fund are set on a per-fund basis.
process Materiality Identification Process


- Our directors/
employees - 99
- External stakeholders
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36 companies in total
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Parent companies2
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Financial institutions4
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Securities companies3
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Building management companies2
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Design/Construction companies3
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Tenants5
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Investors6
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Real estate trustee3
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Property management companies3
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Real estate brokerage companies4
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Real estate appraisal company1
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