Japan Metropolitan Fund Investment Corporation (JMF) and Industrial & Infrastructure Fund Investment Corporation (IIF), and their asset management company KJR Management (Company / KJRM), are highly aware of the importance of sustainability and are proactively making efforts to achieve it based on the idea of practicing Responsible Property Investment and helping to solve global issues under our mission: "Always Create New Value for People, the Community, and the World."
On the environmental front, we believe that environmental and biodiversity initiatives are important as they may significantly affect our business activities going forward. These include the announcement of the Taskforce on Nature-related Financial Disclosure (TNFD), which provides a framework for assessing and disclosing nature-related impacts by businesses, and the holding of COP28, the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change. Of particular note in the past year, JMF and IIF newly established GHG emissions reduction targets, upgraded from their CO₂ emissions reduction targets toward carbon neutrality, and these newly-established targets have been certified as sciencebased targets by the Science Based Targets initiative (SBTi). Going forward, we will continue to introduce solar power equipment and renewable energy sources and proactively carry out initiatives to achieve our new GHG emissions reduction targets.
Regarding the social front, we have established the Sustainable Procurement Policy based on the recognition that measures throughout our supply chain are important for enhancing corporate competitiveness and developing a sustainable society. We expect our business partners to also implement procurement in accordance with the Policy, and strive to achieve sustainable procurement throughout our supply chain. In addition, by promoting diversity, equity and inclusion, we are working to create a work environment in which the differences of each of our employees, with various backgrounds and perspectives differing in gender, race, nationality, disabilities, age, experience and other aspects, are respected and are able to fully demonstrate their abilities.
With respect to governance, we operate sound business based on high ethical standards in accordance with the Code of Ethics established in April 2001, consisting of the Corporate Ethics Charter and the Code of Conduct for Officers and Employees. We strive to be widely recognized by society as having high corporate ethics by ensuring that all officers and employees comply with laws, regulations, and rules, and carry out their duties responsibly.
JMF, IIF, and the Company will contribute to creating a sustainable society by solving sustainability issues through asset management, while aiming to increase unitholder value through the medium- to long-term growth of JMF and IIF.