Mitsui Fudosan Co., Ltd.

Unverified
XFID Unique Identifier for Mitsui Fudosan Co., Ltd.: XOS1J0XAWJ
Sector
Real Estate
Website
mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com
8 Second Party Opinions
2 Frameworks
XFID Type Title Year Source Retrieved
XF-Q5X44C3-F Framework Mitsui Fudosan Green Finance Framework (2024) 2024 ↑2023 www.mitsuifudosan.co.jp 31 Mar 2026
XF-5OZ8H39-2 Second Party Opinion Mitsui Fudosan Green Bond Second-Party Opinion 2020 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 5 Mar 2026
XF-0NGK601-9 Second Party Opinion Mitsui Fudosan Green Bond Second-Party Opinion (Japanese) 2020 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 5 Mar 2026
XF-KX5T84F-7 Second Party Opinion Mitsui Fudosan Green Bond Framework Second-Party Opinion (2022) 2022 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 5 Mar 2026
XF-1PYTR1I-O Second Party Opinion Mitsui Fudosan Green Bond Framework Second-Party Opinion (2022) Japanese 2022 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 5 Mar 2026
XF-Q5UY2NM-H Second Party Opinion Mitsui Fudosan Green Finance Framework Second-Party Opinion (2022) 2022 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 2 Mar 2026
XF-CKFITWT-0 Second Party Opinion Mitsui Fudosan Green Finance Framework Second-Party Opinion (2022) Japanese 2022 mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com 2 Mar 2026
XF-5H8XHAU-P Framework Mitsui Fudosan Co., Ltd. Green Bond Framework (2023) 2023 →2024 www.mitsuifudosan.co.jp 21 Feb 2026
XF-GR6JWWK-E Second Party Opinion greenbond spo eng 2021 www.mitsuifudosan.co.jp 21 Feb 2026
XF-KUC85MK-U Second Party Opinion GF spo jpn 2024 www.mitsuifudosan.co.jp 21 Feb 2026

XF Company Profile

Extra-financial information found across 10 documents in the XframeworkID registry

NACE L Real Estate Activities

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Mitsui Fudosan Co., Ltd., Japan (Tokyo) FRAMEWORK 2024 2024
Issuer sector/industry classification
Real Estate Activities / Comprehensive Real Estate Developer FRAMEWORK 2024 2024
Issuer type
Real Estate Developer SPO 2024 2024
Core business activities and geographic focus
Office buildings, retail properties, hotels and resorts, logistics properties, homes and residential; operations in Japan and Asia Pacific SPO 2024 2024

Green / Sustainable Finance Framework

Sustainable bond framework name and version
Green Finance Framework 2024 FRAMEWORK 2024 2024
Framework publication date and update history
May 2024; previous versions: August 2020, 2021, 2022, 2023 FRAMEWORK 2024 2024
Bond types covered under framework
Green Bonds, Green Loans FRAMEWORK 2024 2024
Eligible use-of-proceeds categories
Green Buildings SPO 2022 2022
Project evaluation and selection process description
Mitsui Fudosan's Sustainability Promotion Division and Finance Department select projects; final decision made by executive officer in charge of finance or relevant division head; ESG Promotion Committee oversees evaluation and selection; environmental and social risk assessment and sustainable procurement standards applied SPO 2022 2022
Management of proceeds approach
Internal management system tracking; Finance Department manages allocation of proceeds to eligible green projects SPO 2022 2022
Reporting commitments under framework
Annual reporting on allocation of proceeds and environmental impact metrics FRAMEWORK 2024 2024
Green building certification standards applied
Green buildings meeting international environmental standards SPO 2022 2022
Refinanced vs. newly financed project distinction
Framework supports both refinanced and newly financed eligible green projects SPO 2024 2024

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Aligned with Green Bond Principles 2021 (with June 2022 Appendix I revision) SPO 2024 2024
Compliance with Green Loan Principles or Sustainability-Linked Loan Principles
Aligned with Green Loan Principles 2023 (LMA/APLMA/LSTA) SPO 2024 2024
Alignment with UN Sustainable Development Goals
SDG 9 (Industry, Innovation and Infrastructure) SPO 2022 2022
Alignment with Japanese Ministry of Environment Green Bond and Green Loan Guidelines
Aligned with Japanese Ministry of Environment Green Bond Guidelines 2022 and Green Loan Guidelines 2022 SPO 2024 2024

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
Sustainalytics, August 3, 2020; Moody's, May 10, 2024 SPO 2020 2020
SPO preliminary evaluation or credibility rating
SQS2 (Sustainability Quality Score - Very High); Credible and Impactful SPO 2024 2024
SPO assessment scope and methodology
Assessment of framework alignment with Green Bond Principles 2021, Green Loan Principles, and Japanese Ministry of Environment Green Bond and Green Loan Guidelines 2022; evaluation of eligible project categories and project selection processes SPO 2024 2024

Corporate Strategy & Mission

ESG strategy focus areas
Environmental, Social and Governance (ESG) Strategy focus on green building development and neighborhood creation FRAMEWORK 2024 2024

ESG Framework & Governance

Internal ESG governance structure
ESG Promotion Committee chaired by Representative Director and CEO, composed of executive officers from all departments; Sustainability Promotion Division and Finance Department manage project selection SPO 2022 2022

Issuance Details

Bond issuance date
June 2023, September 2023 SPO 2024 2024

Changes Over Time

Items where disclosed information changed across documents.

Alignment with ICMA Green Bond Principles
2020 Compliant with Green Bond Principles 2018 (four requirements)
2021 Aligns with Green Bond Principles 2021 - four core components
2022 Aligned with Green Bond Principles 2021 across 4 core requirements
2023 Green Bond Principles 2018 - Four core components
2024 Compliant with ICMA Green Bond Principles 2021 (June 2022 amendments)
Alignment with UN Sustainable Development Goals
2020 SDG 9 - Industry, Innovation and Infrastructure
2023 SDG 9
Second Party Opinion (SPO) provider name and assessment date
2020 Sustainalytics; August 3, 2020
2022 Sustainalytics, April 12, 2022
Bond types covered under framework
2020 Green Bond
2021 Green bonds and green loans
Sustainable bond framework name and version
2020 Mitsui Fudosan Green Bond Framework
2022 Mitsui Fudosan Green Finance Framework
Project evaluation and selection process description
2020 Eligible projects evaluated and selected by ESG Promotion Division and Accounting Department based on eligibility criteria, confirmed by ESG Promotion Committee (chaired by Representative Executive Officer and President), with final decision by Executive Officer in charge of accounting operations
2021 Mitsui Fudosan Sustainability Promotion Division and Accounting and Finance Department select projects based on eligibility criteria; final decision made by managing officer in charge of accounting and finance or head of relevant departments; environmental and social risk assessments and sustainable procurement standards applied
2022 Projects selected by Sustainability Promotion Division and Accounting Department; final approval by Executive Officer in charge of Accounting or relevant department head; for group companies, by CEO or CFO
Management of proceeds approach
2020 Annual tracking of allocation and unallocated amounts by Accounting Department Finance Group using internal management systems until full allocation; unallocated funds managed as cash equivalents
2021 Tracked and managed annually using internal management system and Excel-based tracking form
2022 Tracked and managed annually using internal management systems and Excel-based management tables; unallocated proceeds held as cash equivalents
2023 Annual tracking of allocated and unallocated proceeds using internal management system until bond maturity
Temporary investment of unallocated proceeds
2020 Unallocated funds managed as cash equivalents
2021 Held in cash equivalents pending allocation
Reporting commitments under framework
2020 Annual disclosure on company website until full allocation of proceeds, including project overview, allocation amount, allocation date, and related environmental performance indicators; annual verification by independent third-party verifying compliance with eligible criteria
2021 Annual reporting on allocation and impact from projects, including information on eligible projects financed and amounts
2022 Annual disclosure of allocation status and environmental improvement effects, including project information, allocation amounts, allocation dates, unallocated funds timing, and related impact indicators
Sustainable bond framework name
2021 Mitsui Fudosan Green Finance Framework
2023 Mitsui Fudosan Green Bond Framework
2024 Green Finance Framework
Compliance with Green Loan Principles
2021 Aligns with Green Loan Principles 2021
2024 Compliant with LMA/APLMA/LSTA Green Loan Principles 2023
SPO assessment date
2023 August 3, 2020
2024 10 May 2024
Framework publication date
2023 2023
2024 May 2024
SPO assessment scope
2023 Evaluation of framework alignment with Green Bond Principles 2018 core components
2024 Framework alignment with ICMA Green Bond Principles 2021, LMA/APLMA/LSTA Green Loan Principles 2023, and Japanese guidelines
Core business activities
2024 Office buildings, retail properties, hotels and resorts, logistics properties, homes and residential
2024 Real estate development and management with diverse business segments: rental (34%), sales (26%), management services (20%), facility operations (8%), and other (12%)

Document Updates

What changed between successive versions of documents.

2023 2024

The 2024 version significantly expands Mitsui Fudosan's green finance framework by introducing a new Green Loan Framework alongside the existing Green Bond Framework, representing a major structural shift in financing instruments. The document has evolved from a Second-Party Opinion format focused solely on bond evaluation to a comprehensive Green Finance Framework that details governance, processes, and reporting for multiple financing vehicles. Additionally, the 2024 version explicitly integrates ESG strategy context and provides expanded company background, indicating a more holistic approach to sustainability-linked financing.

  • expanded Use of Proceeds — Added Green Loan Framework with its own use of proceeds category alongside the existing Green Bond Framework, expanding financing options beyond bonds.
  • added Standards Alignment — Expanded framework explicitly references and aligns with both Green Bond Principles and Japan's Green Bond Guidelines, with green loan provisions added to the framework.
  • expanded Eligibility Criteria — The 2024 version includes detailed eligibility criteria sections for both Green Bonds and Green Loans (sections 1-4 in both frameworks), providing more comprehensive coverage than the 2023 second-party opinion.
  • expanded Reporting — Reporting commitments now cover both Green Bond and Green Loan frameworks with parallel reporting structures outlined for both instruments.