The Group has organized a basic policy that summarizes its approach to sustainability. Based on this Sustainability Policy, we have established a promotion structure, formulated a Long-Term Vision, and identified materiality.
Sustainability Policy
The Group was one of the first in Japan’s investment real estate industry to start initiatives for environmentally friendly real estate. We have also placed sustainability at the core of our management approach. We have set the goal of becoming the "Top sustainable real estate development and management company using a combination of real estate, environment and DX" in the Group's Long-Term Vision called GLM VISION 2030. We have formulated our Sustainability Policy to strengthen our groupwide promotion of sustainability.
The Group’s Sustainability Policy is as follows.
GLM has defined its Mission as one of its Corporate Philosophy of realizing a prosperous society through real estate and established its Values as an important standard to realize this Mission.
These three Values are “No.1,” “Ambition,” and “Co-creation.” They are based on our consideration for our employees, customers, people and society, and the environment.
In order to fulfill our Mission based on our Values, we believe it is important to identify materiality (material issues) that GLM should focus on. In turn, we will incorporate these issues into our Medium-Term Management Plan, formulate action plans, and implement them through our business.
GLM aims for growth by pursuing both a sustained society and sustainable enhancement of corporate value.
- We will establish a management structure to promote sustainability.
- We will set a Long-Term Vision and identify the materiality that GLM should focus on.
- We will formulate action plans for each material issue and implement these throughout our business.
Medium-Term Management Plan (IR page)
Materiality
Approach to Sustainability and Related Initiatives
The Group's approach to sustainability and related initiatives are outlined below.
Forward-looking statements are based on the judgment of the Group as of the end of the current fiscal year.
Governance for Sustainability
In January 2023, the Group established the ESG Team within the Corporate Planning Department directly under the supervision of the CEO to strengthen the promotion of sustainability management. This team helped to formulate our Sustainability Policy and identify materiality.
In January 2024, we established the Sustainability Department to further strengthen our sustainability efforts and ensure the implementation of sustainability management through efforts to address each material issue.
In monitoring sustainability management, including the progress of materiality, the Board of Directors makes decisions and supervises sustainability initiatives discussed and deliberated by the Executive Committee and other meeting bodies.
Risk Management for Sustainability
To ensure a better response to material issues, the Group is working to develop and upgrade its risk management system. Risks related to sustainability are defined as “strategic risks” and are shared and discussed throughout the company for effective risk management.